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ANSWERS! page 1 page 2 page 3 page 4
From: nana on yahoo Monday,
December 30, 2002 03:49 PM By having the certificates all you need is the symbol and look it up using YAHOO Finance. Or if some of the stock is old and you are not sure if it has any value then I would go to a discount brokerage firm and before opening an account (which you are not obligated to do) have them look up the symbols and see what their worth is if any and then decide if you want to deposit them.
From:
johnwarfield Wednesday, December 25,
2002 03:49 AM Its
different John. Date:
Sunday, December 22, 2002
06:47 AM The
cusip # for Sears is: From: Kylie Monday, December 23, 2002 2:51 PM
Question:
I currently have
shares in Inktomi (INKT) that was just
said to be sold to Yahoo for $1.65 per
share. Does this mean that my
shares of stock are automatically sold
or does my investment automatically
move into yahoo stock? Do I have
to sell my INKT stock and purchase
Yahoo stock? Thanks for your
help.
This means that all your shares will be sold for $1.65. Sometimes if the markets feel its positive news you may get more then $1.65, keep on eye on it, if it goes higher then sell. Otherwise there is an official date and your shares will be automatically sold.
From: bkulinski1021@hotmail.com
Monday December 09,2002 10:49AM Your cost average is $22 since that is the exercised price. The buyout of $10.50 is what you are going to get per share. Thus you have a loss of $11.50 per share. This is going to be a cash deal so IBM will not ask you to exchange RATIONAL stock for theirs. Basically this was not a "takeover" but a "takeunder".
From: <Hoosyodaddy3@aol.com> Since you have been receiving dividends you can contact the investment banking firm who handles this. Basically the stock is being held in "street name". Meaning the firm is holding your stock and YOU CAN REQUEST for that firm to send you your certificate. Even though you are a 10% share holder he still holds the upper hand, all he needs is 51%. I would think since you were there since day 1 you have a great cost average and when the sale goes through you should make a nice profit. If the new owners like your work I'm sure they would want your services as well. See if the new company trades publicly you may be able to take the profits you made on the buyout and put it into their 401 k.
From: hnatc@yahoo.com Consult your lawyers From: Stormee@pxu.com Friday, November 29, 2002 10:30 PM
Subject: SOS...
Dr-Stock.net Is it for real!
Hi Dr-Stock!
I
was just checking out my portfolio and
after hour trading and noticed that LUCENT
went up $322.56 after the close today and
DISNEY went up $513.11. Is this
true? If it is true... could I sell my
shares 1st thing Monday morning or is
there any way I could sell tomorrow?
Please
let me know what's going on?
Stormee
I
hate to burst your bubble but you cannot get
that price. In afterhours trading there will
be what I call a "phantom" bid and
ask price. In reality there is no one buying
or selling their shares thus you will have
these outrageous spreads. ie: $20 bid - $300
offer. From: Sharon Hayes ledbetterh@peoplepc.com Saturday, November 23, 2002 5:11 AM
Subject:
Question for Dr-Stock
My
mother worked for several years at Bobbie
Brooks in Ohio in the 1960's, she had bought
stock in the company. She never cashed
in the certificates, She passed away a few
years ago, but we were never able to find the
certificates. Is there any way I can find out
if they were ever cashed in or if they are
still good and how to claim them?
Thank
you,
Sharon
Hayes
ledbetterh@peoplepc.com
If the store is no longer in business then you have to find out locally if someone bought them out or did they just go out of business. If they were bought out then the new company assumed or bought out their shares. At that point the new company had to have an "invsestmant banking firm" to handle the transaction and they have a record of all the shareholders and if it was cashed or not.
If
Bobbie Brooks went out of business I feel if you
contacted a brokerage firm who is in the area or
even a local bank who you think they did
business with them they should have a clue who
handled their stock transactions and at that
point contact the "transfer agent". A
transfer agent has a record of all shareholders
and they can possibly find out where the
certificates are.
I would also contact the lawyer handling your mothers estate and let them find out what she did with the stock.
From: jbradshaw@csource.com A stock can be delisted from the NYSE to the NASDAQ or it will usually go to the Bulletin Board. Sometimes the stock will be listed on the "Pink" sheets. The best way is to search for the company via Yahoo Finance and type the companys name in. It will then tell you where its trading. If the company filed bankruptcy and is no longer trading at all and you own shares of the stock ask your broker for a "worthless" stock certificate form and have your accountant write it off.
email: kurt.kirner@wcom.com question: If the company comes
out of bankruptcy it will probably trade on the From: SECONDHALF2000@YAHOO.COM
Sent: Saturday, October 13, 2001 8:27 PM
Subject: Dear Dr. STOCK,
can you tell me the
best place to find brokers that sell low priced
stocks?
Most brokerage firms will allow you to buy low price or "penny stocks" if you sign a disclosure that says you know the risk involved. When you open an account all firms even discount firms like E-Trade have you check off what type of investor you are. ie: long-term, short-term, "speculative". Once approved you will have to have the money in the account before you will be allowed to buy these stocks. From: "Di Zhang" <zhd89@yahoo.com> If you buy this stock make sure you buy it on the "TORONTO" exchange and not the U.S. pink sheets. It has very nice volume on the Toronto but with the pink sheets there are days and weeks it does not trade and because of this you can put in an order and get filled 2 - 4 points higher. IN MY OPINION ONLY: On a technical basis this stock is ready to "breakout" and hit new highs. Please consult a broker before buying..... From: rudy64@sc2000.net
Sent: Monday, November 18, 2002
11:23 AM
Subject: Question for Dr-Stock
Hello,
If
I purchase a pink slip stock, what happens if it gets
relisted? Do my shares just carry over or do I lose
them? Thank you very much. Terry
I think you mean if it gets "delisted". Your shares will be considered worthless, so at that point have your broker send you a "worthless stock" form. Your accountant can write the stock off for tax purposes. If for some reason it gets "relisted" and starts to trade then whatever you sell it at will be considered a profit. From: JJjkerr3@aol.com You have to open an account with a brokerage firm and deposit them. MAKE PHOTO COPIES OF THE FRONT AND BACK THEN SIGN THEM. The reason I am mentioning this in a strong manner is because if the firm should lose the "certs" you have a legal copy. Once they are in the account you can sell them anytime.
From: taden2@cox.net It is the final "buyout" price.
From: TSB@SOCAL.RR.COM question: A "GTC" means
"Good Til Cancelled": is an order to buy or sell
at a SPECIFIC price until the order is filled or cancelled
by the customer. From: bnnclvn@aol.com To: Dr-Stock@pxu.com
Sent: Sunday, October 13, 2002 5:19 PM
Subject: Help!
Dr. Stock, Looking at PFIZERS chart the resistance level is $35. As of Mondays trading (10/14/02) it closed above $30 which is a good sign. If it can hold $30+++ in the next 2-3 days then i would say $35 is a good bet. But remember $35 is a strong resistance number. It hit back in June,July and August only to go to $36+, then come back down under $35. Also as you get closer to December its premium will drop. Sent: Monday, October 07, 2002
Subject: Question for Dr-Stock
What are the main duties for a stock broker? The main duties for a stock broker is to give the best financial advice based on the clients objectives. The broker has to know is the client looking for short-term or long term investments. High risk or preservation of capital. These and many more questions have to be known, then the client must sign a "cutomer agreement" form.
At that point based on
this info the broker can recommend mutual funds, bonds & stocks to
invest in.
From: calamity39@aol.com
Date: Tuesday, October 01, 2002 question: my son received 20 shares of stock when he left his job, how can he cash it in? All he has to do is open a brokerage account whether with a "discount" or "full service" firm. When he gets his account number you can deposit the certificates and once its settled in the account he can sell. But find out what the commission will be and photo stat the front and back of the certs just in case the firm losses it.
From: ana_gomez77@hotmail.com I don't know of any site for historic prices of de-listed stocks, but you can go to a broker if you have the certificate and deposit it and possibly have them do a check for you.
Froml: shane_king1@hotmail.com
Tuesday, August 27, 2002 I love:
From: CletusGreshamSr@aol.com
Monday, August 26, 2002 There are none.......Whether you have an account at Schwab or some small "boutique" firm there will be resistance in trading penny stocks. You will have to fill out a disclosure form staing that you trade in "high risk" stocks and will have to have the money in the account before you can trade. Plus find out how much they charge for shares above 10,000 or more. From: RVMcCann@aol.com Sunday, August 18, 2002 Any info on 'Phaser Systems, Inc. CUSIP #? You can go into any brokerage firm and ask them to look it up. You can also go to www.cusip.com but there is a small fee From: shane.davis3@verizon.net
Sunday, August 04, 2002 10:17 AM question: Did you inherit her portfolio? If not then the executor of the will knows where all the accounts are. Unless you have written authorization even if you called her broker to find out that broker will not tell you. From: smoshersra@aol.com
Sunday, August 04, 2002 12:10 PM Yes they can become worthless certificates. When a company files chapter 11 all the creditors must get paid first. In fact the stockholders are the last to get paid baring there is any money left over. Investors holding bonds get paid before stockholders. From: david.churchill@mndulu.ang.af.mil
Tuesday, July 30, 2002 08:52 PM question: Hi David, From: Brookssmith@hotmail.com
Wednesday, July 10, 2002 11:10PM question:
In my
opinion the mutual funds started to buy knowing that Mr. Bush had
sold a large portion of his shares as well as other "Board
Members" thus the stock went down to a level they felt was a
good buy opportunity. Plus the fact the remaining shares would be
tied up and would not be sold anytime soon.
From: Jwm1189@aol.com Sent: Tuesday, July 09, 2002 10:04 AM I am trying to find out about the following stock symbols that I can no longer find. boa cnxx ecoc I had bought them under those symbols and now they don't show up. Can you tell me how to find out what happened to them. Thanks...Jan If you have the
certificates you can deposit it with your broker and they will tell you
if they have any value....
I found:
CNXX - Centraxx Inc-
symbol CNXX.PK - This means the stock now trades on the pink sheets. The
company filed for bankruptcy July 17, 2001.
ECOC - Has changed its
symbol to ETTC.OB -It trades on the bulletin board and traded at
$0.66 on July 9,2002.
I cannot
find BOA.....
Hope
this helped.
From: graymond@ccbt.com
Tuesday, July 02, 2002 08:53 AM Yes go to: www.cusip.com From: "Dion Turnipseed" <dtmd@yahoo.com> If the company is taken over then you will cash in your stock and you hope its for more then what you paid for it and not a "TAKE UNDER". Where you get a lower price then what you paid for it. email: dtmd@yahoo.com If you own stock in a company
that is taken over you have to hope the purchase price is more then you
paid for it. email: mmihalko@msn.com
Thursday, June 13, 2002 Time: 08:39 question: If a company is facing chapter 11
the smart money says it will be delisted and end up on the pink sheets.
There are basically no restrictions when you trade on the pinks and you
have to hope a "Knight in Shining" armor can resue it. At the
end of the year ask your broker for a "worthless" stock
certificate form and have your accountant write it off. If for some reason
it revives itself and starts to trade at a profit then you will have to
pay taxes on the gain. From: <Willard.Caillouet@HCAhealthcare.com> Hi Will, Date: Friday, May 31, 2002 Time: 05:51 AM When a stock is delisted
you can have your broker send you a form called a "Worthless Stock
Certificate" letter. Your accountant can then write the losses off. |
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