Canadian Stocks/Old shares
Expert: Steven Taylor - 11/12/2009
QuestionHello my father recently showed me some old shares that he had and asked me to see if they have any value still, Those shares are 45 shares of "Inland National Capital LTD." and 30 shares of "Planetsafe enviro Corporation". Do you know if they still got some value left?
AnswerI have actually been asked about those stocks several times, which suggests there are a lot of people that got stuck with them. Unfortunately, from the information I have, those shares have no value. Both Companies came from Southern Frontier Resources, which amalgamated with some other companies to become Planetsafe Enviro, which was later cease-traded and delisted. Southern Frontier shareholders also received 1 share of Inland National Capital. Inland was the subject of some serious regulatory issues in several Provinces, and I don't believe anything became of the stock.