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Canadian Stocks/old Air Canada share

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Question
Hi, I have some Air Canada stock, bought it when it went public. Just wondering if they are worth anything now.
Thanks

Answer
Cheryl, from the information I have available, it depends on which time Air Canada "went public" and how old your certificate is.

Air Canada went bankrupt in 2003. If your certificate is dated prior to April 1, 2003, it likely has little to no value. When the Company emerged from court protection, old common shareholders received very little equity in the new company - only 0.01% of the new company's fully diluted shares. I suggest you contact the current transfer agent, Canadian Stock Transfer #www.canstockta.com# to see if the old certificate has any current value.  

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