Expert: Steven Taylor - 4/6/2010

Question
I have a certificate for 1000 shares, dated Nov.23, 1965. Is it worth anything?

Answer
Unfortunately, from the information I have available, the shares have no current value. The company did a 1 for 2 reverse split and became Biogenetic Technologies. Biogenetic had quite the regulatory history - it was caught up in 1998 in a US SEC sweep of crooked stock promoters, and in 2000 by the Ontario Securities Commission sweep of crooked brokers. The stock was cease-traded in 1999, and that order remains in effect. After the regulatory troubles, it seems they stopped filing their required regulatory documents and I have no information of them trying to come back into compliance since.