Expert: Steven Taylor - 8/28/2011

Question
My Mom has passed away and I have located stock certificates.  The stock is Turbo Common Shares (90), Turbo Special Shares (90), Turbo Resources Limited (25), and Turbo Resources Limited (50).  Could you let me know if this stock is worth anything and who could I contact about same.  I sent a letter to The Canada Trust Company, 505  3rd St.SW, Calgary, but the letter was returned.  Could you give me any direction with these certificates.  Thank you so much.

Answer
April, from the information I have available, Turbo Resources Limited did a 1 for 10 reverse split in 1990 and became Canadian Turbo. Canadian Turbo was acquired for $3.96 per share cash in 1992.

There is a good chance your mother was mailed a check for the acquisition back in 1992. If not, the money would have been turned over to the Government for safekeeping for a period of time waiting for your mother to claim it. You can search the missing property offices of many States or Provinces online for free at www.missingmoney.com and www.naupa.org. Search in each jurisdiction in which your mother lived from the date of acquisition of the shares until the buyout, using her name exactly as it appears on the certificates, even if it is abbreviated or misspelled.