Expert: Steven Taylor - 7/20/2009

Question
Client has asked me to research 4 stock certificates owned by her deceased parents.  Certificates issued by Guaranteed Trust and have issue #'s (I think) 2900, 2901, 2902, 2903.  Can you advise if these are of any value???

Answer
Unfortunately, from the information I have available, the shares have no current value. New Jericho Development went through numerous name changes and at least 2 reverse stock splits (both 1 for 4 consolidations). The company finally became Regia Resources Ltd. which ran into serious financial trouble, failed to pay its exchange fees and file its required regulatory paperwork, and was cease-traded and delisted in 1997. That cease-trade order remains in effect today, which suggests the company was never able to get back on its feet.