Canadian Stocks/Falcon Crest Resources Inc.
Expert: Steven Taylor - 3/6/2011
QuestionMy husband purchased stock June 1986, and he still has the certificates. When I have researched the Internet I found that they had changed to SFP.Inc, but do not seem to be able to get any further with my search. We are wondering if this stocks are still valid and how to get this information. Thank you for your help in this matter
AnswerLeona, your information is correct. Falconcrest did a 1 for 4 reverse stock split and became SFP Communications, which later changed its name to Motivus. Motivus' major shareholders decided in 2004 to take the company private, and paid its other shareholders 3 cents per share in a buyout.
If your husband did not receive a check for his shares in 2004, the money would have likely been turned over to the government for safekeeping. It might still be available. You need to check the missing property office of every State or Province in which your husband was a resident from the date he acquired the stock in June 1986 until the buyout in 2004. You can search many of them online for free at www.missingmoney.com and www.naupa.org. #check both# Search using the name exactly as it appears on the certificate, even if it is abbreviated or misspelled.