Canadian Stocks/Tinex Development Exploration Limited
Expert: Steven Taylor - 8/15/2010
QuestionI have some old stock certificates issued in March 1965 for Tinex Development Exploration Limited. I am wondering if they are worth anything.On the certificate it indicates Chartered Trust Company, Toronto ,Canada as the Transfer Agent and Register. thank you
AnswerFrom the information I have available, the shares have no current value.
Tinex did a 1 for 30 reverse stock split, then a 1 for 2.74 reverse and eventually became Aubet Explorations. Aubet did a share exchange and became Visa Gold. Visa ran into serious trouble on several fronts, including with securities regulators, and was suspended, delisted, and cease-traded in 2003. Those cease-trade orders remain in effect.