Canadian Stocks/alchibdevelopmentslimited
Expert: Steven Taylor - 5/4/2010
QuestionSTEVEN -UPON INQUIRY OF ABOVE STOCK CERTIFICATE I SEE YOU HAD NO INFORMATION ON LAST ENQUIRY BUT SUGGESTED TO GO TO GUARANTY TRUST COMPANY OF CANADA.THIS LED ME BACK TO YOU. I HAVE ONLY 155 SHARES
CERTIFICATE #09123 / JUNE 19/1974 LEFT TO ME & MY BROTHER BY OUR LATE FATHER.WHERE DO WE GO FROM HERE.COULD THIS BE OF ANY VALUE.
AnswerUnfortunately, from the information I have available, the shares have no value. The Company did a 1 for 3 reverse and changed its name several times. It became Cercal Minerals, which ran into serious financial difficulty in 1994 and was suspended, delisted, and cease-traded in 1994/1995. Those cease-trade orders remain in effect today, which suggests they were never able to raise enough money to correct their problems.