Canadian Stocks/Penyork energy shares
Expert: Steven Taylor - 11/22/2010
QuestionI found a letter from 1991 from National Trust signed by Brian Griffith, Investor Relations stating that my 100 shares of Penyork were exchangable for 160 shares of Anchor Lamina Inc. I never made the change nor can I find the stock certificate. is this work pursuing. I am wondering what my options are and cannot locate a valid number for this company which at the time was located 555 @ilson Ave., Downsview, Ontario.. THank you for your time.
AnswerConnie, from the information I have available, it is disappointing that you did not make the change when you received the letter in 1. From the information I have available, the company was acquired in 1997 for $8 cash per share. If you did not receive the money at the time, they probably lost track of you, which means the money would have been turned over to the government as lost property. In that case, it may or may not still be available for you to claim. You need to search every lost property office in every State or Province in which you lived from the time you acquired the shares until the buyout. You can search many of them online for free at www.missingmoney.com and www.naupa.org (search both - they have different information). Use your name exactly as it appears on the certificate.