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Canadian Stocks/Alscope Explorations Ltd

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Question
What is the value of these shares?
Countersigned and registered with Prudential Trust Company Limited, Edmonton, Toronto, Montreal
July 26, 1957

Thank You
William

Answer
William, Alscope is one of the stocks I am asked about most frequent, which suggest there are a lot of people stuck with these old certificates. Unfortunately, from the information I have available, the shares have no current value. The company sold a ton of stock illegally in the US. The SEC caught them and shut down its US sales and trading. To sell and trade in the US, a company has to be legally registered with the SEC, and they were not. Later, the company did a 1 for 10 reverse split and became Almarco Industries, which was struck from the Corporate register in 1995 and dissolved by Alberta.

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