Expert: Steven Taylor - 3/19/2011

Question
Hi:
I puchase Rainbow Lake Resources Ltd form Gordon-Daly Grenadier Securities back in 1988. Are these stocks worth anything today?
Tks
Ford

Answer
Ford, from the information I have available, Rainbow Lake merged with several other companies to become Castlestar Capital on the basis of 1 Castlestar for 0.915 old share of Rainbow Lake. Castlestar later did a 1 for 5 reverse stock split and became Southern Frontier Resources. Southern Frontier merged with several other companies and became Planetsafe Enviro Corp. Southern Frontier shareholders received 1 share of Planetsafe for every 1.5 of Southern Frontier, and they also received 1 share of Inland National Corp. Nothing came of Inland, as they ran into trouble with the government, and Planetsafe went broke in 1997 and was suspended, delisted and cease-traded.