Expert: Steven Taylor - 5/4/2010

Question
Does Consolidated Allenbee Oil & Gas company limited stock have any value?

Answer
Unfortunately, from the information I have available, there is likely little to no current value.

The Company went through several reverse splits, including a 1 for 4, then a 1 for 5, then a massive 1 for 500, then another 1 for 5. It is currently Grand Peak Capital, which trades on the TSX Venture for about 20 cents per share.  Based on the reverse splits, you would need 50,000 Consolidated Allenbee shares to equal 1 share of Grand Peak. The current transfer agent is Computershare (www.computershare.com). You can contact them to confirm the information and see if you are registered as a Grand Peak shareholder.