Expert: Steven Taylor - 4/25/2010

Question
Have found stock certificate for 100 shares of Vanguard Explorations Limited issued 6/9/1958-transfer agent Guaranty Trust Company of Canada-is this company still around? Any value other than sentimental?

Thanks

Answer
From the information I have available:

The company went through numerous name changes and reverse stock splits before becoming Ridge Point Minerals. I don't have any additional information on Ridge Point, but it looks like that due to all the share consolidations up to that point, it doesn't matter much in your case. They had a 1 for 4 reverse, followed by a 1 for 10, then a 1 for 3. Based on your original 100 shares, you would have either 1 share or no shares (i.e, a fractional share which would have been settled for cash - most likely less than $1 total) of Ridge Point.