Expert: Steven Taylor - 6/17/2011

Question
I have 250 shares of Western Allenbee Oil & Gas Company Limited
Stocks. The date on the certificate is May 29 1962. Are thy still listed and at what value?

Thank you
James

Answer
Unfortunately, I don't believe they have any current value. Western Allenbee went through several name changes and reverse splits. Due to 1 for 5 reverse split followed by a massive 1 for 500 reverse split, the 250 original shares would have been wiped out, so I would consider the original shares to have no current value.