Canadian Stocks/Stocks from Early 1990's
Expert: Steven Taylor - 9/18/2010
QuestionI have stocks from the early 1990's and was interested to know if they have any current value. The companies are:
Firesand Resources Ltd.
Environmental Technologies International Inc.
Aurlot Explorations Ltd.
Thanks
AnswerFrom the information I have available:
Firesand did a 1 for 4.49 reverse split, then a further 1 for 25 reverse split. It became Talisman Enterprises, which was suspended and cease-traded in 2001 after they stopped filing in both Canada and the US in 2000. There have been no filings since, and the cease-trade order remains in effect.
Environmental did a massive 1 for 150 reverse split and became Eco Technologies. The stock was suspended, cease-traded and delisted in 2001.
Aurlot did plenty of name changes and at least 1 reverse split (a 1 for 5) and is currently Canada Lithium, which trades on the TSX for about 59 cents per share. However, in July of this year, they eliminated all shareholders less than 100 shares. They received 51 cents per share. What you need to do is contact the current transfer agent, Equity Transfer (www.equitytransfer.com) and see what you may have due.