Canadian Stocks/Stocks
Expert: Steven Taylor - 1/24/2011
QuestionI recently came across a stock certificate for a 100 shares in CARMA LTD. Class A. These were purchased through Guaranty Trust Company of Canada in Dec. 1984. I can not find a reference to this Stock and was wondering if they are still of value.
Thank-you,
Ted Pettit
AnswerTed, from the information I have available, the Company did a 1 for 10 reverse split and became Carma Corp., which was acquired by Brookfield in 2000. Due to the way the acquisition was structured and the decade since, I don't know if your certificate would have any current value. I suggest enlisting the help of a broker to determine the value, if any.