Trenwick Group, Ltd.(fka TWKGQ)

[twk000jester]

As you noted in your early post regarding the change of tone within each of the 8-K releases over the years.

Wording of the Shareholder letter dated 30 March 2005
Link - http://www.sec.gov/Archives/edgar/data/1122211/000095014205001065/ex99-1form8k_033105.txt

PROSPECTS FOR HOLDERS OF COMMON SHARES OF THE COMPANY

Based on what the Joint Provisional Liquidators have learned in their limited role to date, and without conducting any investigation into the issue, it appears unlikely to the Joint Provisional Liquidators that the holders of the Company's common shares will receive any distribution from the eventual liquidation of the Company.



Wording of the Shareholder letter dated March 30, 2006
Link - http://www.sec.gov/Archives/edgar/data/1122211/000095014206000635/ex99-1form8k_033106.txt

PROSPECTS FOR HOLDERS OF COMMON SHARES OF THE COMPANY

Based on what the Joint Provisional Liquidators have learned in their limited role to date, and without conducting any investigation into the issue, it appears unlikely to the Joint Provisional Liquidators that the holders of the Company's common shares will receive any distribution from the liquidation of the Company.


Wording of the Shareholder letter dated May 1, 2007
Link - http://www.sec.gov/Archives/edgar/data/1122211/000095014207001012/ex99-1form8k_050107.txt

PROSPECTS FOR HOLDERS OF COMMON SHARES OF THE COMPANY

Based on what the Joint Liquidators have learned in their role to date, and without conducting any investigation into the issue, it is uncertain to the Joint Liquidators that the holders of the Company's common shares will receive any distribution from the liquidation of the Company.

The key words for the next 8-K should read....it appear certain... or ....it appear likely....