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About time someone finally pulled the plug on life support...
..got 1k @Bid! lol
..really funny games they`re playin` here! HEHE 
Hmmmmmmmmmmmm... 
B/A tightened a bit more: $.0021 X .0044, (Best-)Ask downticked to $.0044 (70k)!
I`m in the Bid! (@.0023) ..waitin` for fills patiently!
I can`t decide if I should add here or "there" ~~~
~~~ think I`ve to roll the dice!!! LOL
..think better here! ..over there are tooooooooooooooo many negatives!!! LMFAO!
~~~ Ask is paper-thin, here!!! ~~~
looks KILLER beachy!~i'm(((RADARING)))this joint!!!!..*buy tha dipz?LOL
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•Ticker Symbol: TWKGQ
•Stock Exchange: Pink Sheets
•Issued and Outstanding: 36,761,021; NO DILUTION!!!TRENWICK GROUP LTD - former NYSE $5B Asset Stock
COMPANY CONFIRMED COMMON STOCK TO SURVIVE...
"82. In opposition to the Equity Committee Motion, the Debtors state:
While the reorganization contemplated by the Debtors may appear
complex, boiled to its essence, the Debtors do not intend to take
any action that would affect TGL Common Stock, TGL Preferred Stock
or LSH Preferred Stock. Indeed, as Mr. Arpad admits, 'all classes
of equity in TGL and [LSH] are currently expected to survive.'
Debtors' Objection to Equity Committee Motion, para. 13
[Docket number 404]"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33854114
_________________________________________________________________
PRINCIPAL ASSET - 100% VOTING SHAREHOLDER INTEREST IN LSRH...
"The timing of the completion of the Company's liquidation is
dependent on the realisation of its assets, the principal asset
being the Company's 100% ordinary voting shareholder interest
in LSRH whose principal asset, in turn, is its 100% ordinary
voting shareholder interest in its subsidiary LaSalle Re Ltd
("LaSalle")."
May 2007 8K http://knobias.10kwizard.com/filing.php?param=&ipage=4901301&DSEQ=2&SEQ=&SQDESC=SECTION_EXHIBIT&exp=
__________________________________________________________________
***CHAPTER 11 CASE DISMISSED/CANCELLED & BERMUDA LIQUIDATION COMPLETED***
LATEST COMPANY UPDATE/NEWS: SEPTEMBER 24, 2008...
"KPMG said that although the payment of the liquidation
dividend means that substantially all of the Trenwick Group's
affairs have now been finalised IT STILL HAS THE BENEFIT OF
A HANDFUL OF CONTINGENT ASSETS.
HOW MUCH THOSE ASSETS ARE WORTH HAS NOT YET BEEN ASCERTAINED.
http://www.royalgazette.com/siftology.royalgazette/Article/article.jsp?articleId=7d89c3330030020§ionId=65http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001122211
_________________________________________________________________
SYNDICATE 839 RESERVES:
"At December 31, 2007, Syndicate 839 had gross and net reserves of
335 million pounds ($583M) and 104 million pounds ($181M) respectively..."
page 15...
http://www.canopius.com/bin/pdf/original_pdf_file/annual_report_2007.pdf
TRENWICK'S LLOYD'S OPERATIONS IS CANOPIUS....
"The Lloyd’s operations are being branded ‘Canopius’ and will manage
Syndicates 4444(formerly Syndicate 839) and 44 (Life)."
http://www.canopius.com/bin/pdf/original_pdf_file/canopius_launched_to_manage_lloyds_syndicates.pdf
_________________________________________________________
2003 MANAGEMENT BUYOUT(MBO) OF TRENWICK MANAGING AGENTS NOW KNOWN AS CANOPIUS...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32986421
=====================================================================
NOLS Play (Net Operating Loss Carryover) Similar to STBP and FMNTQ...
NOLs Valuation per Company = over $4.08 per share
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32866851
Although the Chapter 11 proceedings against the Companies have been
dismissed, the provisional liquidations of the Companies are being
continued, subject to obtaining funds to pay the JPLs and their
professionals' outstanding and future costs, until the plan of
reorganisation for TAC has reached its effective date, IN ORDER
TO PRESERVE CERTAIN TAX LOSSES WITHIN THE TRENWICK GROUP.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30108025
======================================================================
Trenwick Group Ltd (TGL) - Holding Company - Chapter 11 was dismissed
SUBSIDIARIES:
1. Trenwick America Corporation - former subsidiary, separated from TGL
Chapter 11 was confirmed, New Name: Trenwick America LLC
2. Trenwick Holdings Ltd.
3. Lasalle Re Holdings - Chapter 11 was dismissed
3a) Lasalle Re Ltd subsidiaries:
3a1) Lasalle UK Holdings Ltd (LSUK) capital vehicles at Lloyd's:
3a1-1) Oak Dedicated Ltd.
3a1-2) Oak Dedicated Two Ltd.
3a1-3) Oak Dedicated Three Ltd.
3a1-4) Oak Dedicated Four Ltd.
3a2) Packchance Ltd.
The capital for Syndicate 839 was provided by the Oaks, and
the Company, through its subsidiary, LSUK, holds 100% of the
beneficial ownership in the Oaks. However, LSUK issued
subordinated loan notes to TAC and TGL totalling almost $67 million
and, as such, the economic interest in LSUK is effectively held by
TAC and TGL.
________________________________________________________________________
LIST OF NON-DEBTOR ENTITIES (NON-Bankrupt Subsidiaries) as of 2004...
1. Trenwick (Barbados) Ltd.
2. Trenwick Services Inc.
3. Trenwick America Reinsurance Corporation
4. The Insurance Corporation of New York
5. Chartwell Advisors Limited
6. Canterbury Financial Group Inc.
7. Trenwick Services Ltd.
8. Trenwick Guaranty Insurance Company Ltd.
9. LaSalle Re Limited
10. LaSalle Re (Services) Limited
11. LaSalle Re Corporate Capital Limited
12. LaSalle Re (Barbados) Limited
13. LaSalle (UK) Limited
14. Trenwick UK Holdings Limited
15. Trenwick Holdings Limited
16. Trenwick Underwriting Limited
17. Trenwick UK plc
18. ISIS Consulting Inc.
19. Bowman Loss Adjusters Ltd.
20. Castle Members Agents Limited
21. Archer Personal Lines Limited
22. Castle Underwriting Holdings Limited
23. Surveyors Direct Limited
24. Archer Dedicated plc
25. Adit Holdings Ltd.
Outstanding Shares: 36,761,021
Source: MGFS ( 08/20/2003 )
| Published: September 24. 2008 09:39AM |
Trenwick liquidation completed http://www.royalgazette.com/siftology.royalgazette/Article/article.jsp?articleId=7d89c3330030020§ionId=65
