Prom Resources INC.

HEADLINE: B.C. regulators suspend executive for false report

BYLINE: CP

BODY:

VANCOUVER (CP) - A Calgary businessman lost his trading rights for three years yesterday for releasing false information about two Vancouver Stock Exchange firms.

The B.C. Securities Commission said it also barred Gerald Sklar from acting as a director or officer of companies under its jurisdiction for three years.

In November, 1988, Intercontinental Ventures Inc. and Max Minerals Inc. issued news releases stating that private placements had been negotiated with a European bank. The bank reported that it had not agreed to the financings, the commission said.

Sklar, a director and officer of the two companies, directed the issuing of the releases without ensuring they were true, the commission said. Later, when Sklar found the information was false, "he failed to act honestly," it said.

bcsc.bc.ca
bcsc.bc.ca

Fenway Resources Ltd FWY
Shares issued 7,735,215 1997-05-02 close $7.6
Tuesday Feb 17 1998 Street Wire
SKLAR AND JANDA RE-APPEAR
by Brent Mudry
As Fenway Resources prepares to defend its hoped-for reverse
takeover of Trump Oil, BC securities regulators will likely
be especially interested in the roles of two
behind-the-scenes players. They are Lucky Janda and Gerry
Sklar, two veteran VSE promoters often known as the Lucky and
Gerry team. The two promoters were not named in the BC
Securities Commission's temporary freeze order on the
proposed takeover on Friday, but their ties with Trump are
timely. The BCSC's move is the latest setback for Fenway and
its dreams of building a massive cement plant in the
Philippines.
The BCSC claims it red-flagged the Fenway-Trump deal -- and
well it might -- over concerns about Ranbir "Ron" Singh
Dhaliwal, a suspended VSE broker who introduced Trump to
Fenway. Mr Dhaliwal's broker-to-finder career change came
after he was fined $100,000, as part of a $270,000 sanction,
last year by the VSE, which also withdrew his registration,
over various indiscretions involving Hollywood Trenz, another
US bulletin board promotion. In its notice, the commission
also raised numerous questions about Trump, and wondered
aloud how this tiny bulletin board stock reached a US$3.19
market price in early January. This "contrasts with its
apparent lack of assets, its apparent lack of business
success, its lack of any business venture, or off-market
equity transactions," stated BCSC executive director Michael
Watson.
Trump's Fenway deal has been in the works since last year,
and on October 1, the boards of the two companies disclosed
preliminary details of the reverse takeover. "Trump has been
seeking a promising asset of merit for some time," stated
Trump president Dave Sidhu and Fenway director Leonard Taylor
in a joint release. Trump's last "promising asset of merit"
lasted little more than a month. On August 18, Trump revealed
it had abandoned a deal for sapphires, emeralds and gold in
Madagascar. This Madagascar gem deal brought the promotional
gem, Mr Sklar, on board.
To gain a better appreciation of Trump's history, a glance
back last spring to Riosun Resources, an unrelated company,
is helpful. A year ago, in January 1997, Riosun's promotion
was in full swing. The stock shot up from $1.20 in late
January to $5.50 by February 24, trading more than 3.6
million shares in a month, before the VSE moved in and halted
trading. Riosun claimed there were no new corporate
developments to account for the stock's rise, beyond talk of
emerald explorations in Madagascar. The VSE first referred to
a single unidentified "unacceptable individual." A few weeks
later Riosun disclosed it agreed not to allow "the acceptable
individuals identified by the VSE" to be involved with the
company.
This pair of undesirables, whose identities were never
officially disclosed, were Lucky Janda and Gerald Sklar. Mr
Janda had been involved with Riosun for about three years,
although he left the board of its predecessor Massey
Mercantile in September 1996. Mr Sklar was never an officer
or director of either company, although he is believed to
have been involved in Riosun's affairs. Riosun's meteoric
rise in January, close on the heels of some significant
options transactions, alerted the VSE.
Mr Sklar, based in Calgary, and Mr Janda, based in Vancouver,
are well known on Howe Street, although their acceptability
to regulators has faded in recent years. Mr Sklar latest
brush with publicity came last May, in a Stockwatch story
under Interlock Consolidated Enterprises, relating a 1994
share-trading Alberta lawsuit between the Calgary office of
C.M. Oliver and Thomas P. Devlin, one of his close
associates. (Mr Devlin's latest publicity stemmed from
January 1996, when close friend David Walsh appointed him as
manager of special projects for Bre-X Minerals.) Mr Janda
needs little introduction, but his latest brush with
publicity stemmed from his share-shuffling roles with
Cascadia Technology, Bill Travnik's asphalt company.
The Janda-Sklar team, anonymously purged by the VSE,
officially severed their Riosun dealings last March. A month
later, on May 20, Trump Oil was born on the bulletin board,
after a name change from Care Financial Group. In September
1996, it acquired Care Concepts, a Nevada company targeting
the US$1 billion market for wheelchair-accessible minivans.
On May 19,1997, eight months later, the OTC bulletin board
disclosed that Phoenix-based Care Financial would change its
name to Trump Oil. By coincidence, the next day, the VSE
delisted Fenway after a three-week halt, citing assorted
irregularities. Amongst the company's indiscretions was
issuing shares to insiders for a promise to pay.
In mid-July, Trump trumpeted a proposed reverse takeover of
Saowani Development, a company based in the Democratic
Republic of Madagascar. Mr Sklar was named a director of
Trump, along with a man named Dror Morodov. In the proposed
deal, Mr Morodov and Ms Saowani Chuaiphan planned to sell
Saowani Development for three million shares of Trump.
By August, however, this Madagascar gem deal had also fallen
apart for some reason. Then in early October Team Trump first
unveiled the Fenway deal. Trump president Mr Sidhu did not
return Stockwatch's call on Tuesday, while Fenway promoter
John Wilson is somewhere in the Philippines.
(c) Copyright 2001 Canjex Publishing Ltd.


Now all this has been Passed on to Prom Resources Inc. 1billion shares traded Feb1 to
Feb 28/2014 MORE THAN ALL OF 2013 PUT TOGETHER BUT THE ASK STAYS THE SAME 0.0001 WEBSITE IS NOT EVEN UP TO DATE.