Expert: Steven Taylor - 9/29/2011

Question
Mr. Taylor
Good afternoon, I'm from Chatham, Ontario.  Just sold a property, which I kept a lot of files from.  Going through them, I remembered, years ago, that I purchased 6 different stocks/share certificates from the above company.  I guess they went belly up?  Any ways, how do I go about checking out the value of these shares?  Appreciate your time, Sincerely, Tim Baxter.

Answer
Tim, Gordon-Daly didn't go belly up as much as they were thrown out of business and banned, along with other Ontario Penny Stock Dealers, by the OSC for defrauding customers by selling them what were essentially worthless shares.

As you probably suspect, a large percentage of the companies sold by Gordon-Daly never amounted to anything. As soon as Gordon-Daly ran out of shares to sell to their customers, the share prices collapsed. However, some later were used as shells, and some have certain value.

If you provide a list of the shares, I will see what information I can provide.