Expert: Steven Taylor - 4/24/2010

Question
In closing personal files I have discovered 500 stocks of Pan East Resources Inc and 1000 stocks of Greenstrike Gold Corp.
Can you advise of the status of these two stocks with trade date of 05/27/85 for Pan East and 09/12/85 for Greenstrike Gold.
They were purchased from E A Manning Ltd.I would appreciate any information.

Answer
Raymond, from the information I have available:

Pan East became Pan East Petroleum after a 1 for 4 reverse split before being acquired by Poco Petroleum on the basis of 0.1797 of a Poco share for every Pan East Share. Poco was acquired by Burlington Resources in 1999 on the basis of 1 Burlington share for every 4 Poco shares. Burlington was acquired by ConocoPhillips in 2006 on the basis of 0.7214 of a Conoco share plus US$46.50 cash for every Burlington share. To determine if your shares are valid and what they might be worth currently, you need to contact Conoco's transfer agent, which should be listed on Conoco's website www.conocophillips.com.

Greenstrike had several name changes and became Airboss of America. Airboss trades on the TSX for about $5.65 per share. There may have been reverse splits in there, though, so your original 1000 shares may have been reduced. You need to contact the current transfer agent, Computershare (www.computershare.com) to determine any current value in your original shares.