AboutPaul Henneman Expertise Stock forecasting and fair market valuations.
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Question Upon the passing of an uncle, I have found two older stock certificates. One is from the Bartel Financial Group, Inc. for 300 fully paid and non-assessable shares of common stock CUSIP No. 069145100 dated 2/24/2008. The transfer agent was Mountain States Stock Transfer Agents, Inc. of Denver, CO. The second one is for eight shares of common stock from Desert Springs Acquisition Corporation CUSIP NO 250439106 dated April 22, 1996. The transfer agent was OTC Stock Transfer, Inc. Salt Lake City, UT I have done some basic research myself and found that Bartel changed to Desert Springs; which changed to IDial Networks; which is now GlobalNet Corporation. My basic question is, are these worth anything? I have already put numerous hours into the research and I cannot find the answers on my own.
Answer Thank you for your question!
The only real way to tell if an old stock certificate is still worth anything is to contact the company. In your case, it sounds like the company has gone through several changes in name and ownership, so it depends heavily upon the exact nature of these changes. Most publicly traded companies have an investors relations department, that is who you would want to contact. It appears to still trade on the pink sheets, so is a penny stock. The financial numbers I found for the company on http://finance.yahoo.com indicate that it may barely be operational, with tiny income with a total market cap (outstanding shares x current stock price) of about 1.2 million dollars. If this is the correct company, your eight shares would be almost worthless. However, I may not have the right company, and it would be worth trying to get in touch with the company to ask them directly. There may also have been stock splits are part of any merger or past acquisitions, which would increase the value of your shares. But it does not look good.
The same process would apply for the first company you mention, Bartel Financial Group. The goal is to contact the company, or the current form of the company if it has merged, been acquired, or changed names.
There are search services, here is a link to a list of some of them:
These services can tell you definitively what the shares are worth (if anything), but do cost money.
I hope that this helps gets you started in the right direction. Please do not hesitate to follow up with me if I can be of any additional service,
Sincerely,
Paul Henneman
President
ValuEngine Inc
www.ValuEngine.com
