Expert: Steven Taylor - 6/13/2009

Question
i now live in uk while cleaning out old papers i found a share certificate of 100 shares in danvers resource explorations limited that i purchased in 1977 can you shed any light on these shares or should i just throw them out they were registeredthrough the metropolitantrust company toronto

Answer
David, I don't have specific information on what happened to the company, but it does not look good.

Danvers changed its name in 1987 to Cytrigen International Inc. Cytrigen was delisted by the Alberta Stock Exchange in 1990 after being cease-traded by Alberta and Ontario that same year for failure to file financial information. Those cease-trade orders remain in effect, and it does not appear the company ever morphed into anything else, it suggests the company never fixed the problems and since there is no current market, there is no current value.