old stock certificate redemption


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Posted by Bob on February 25, 19101 at 16:36:36:

A stock "certificate" may represent ownership in a private company (shares not publicly traded) which is known as restricted stock or letter stock. Or it may be ownership in a public company (shares traded on a public market, and either listed on an exchange or posted on a bulletin board).

A publicly traded stock in the U.S. should have a unique identifier called a CUSIP number printed on the certificate. From the CUSIP can can be determined the company's name and stock ticker symbol. Also from the CUSIP can be determined the stock's transer agent which keeps the records of shares authorized by the company's board of directors, issued, and outstanding as well as company treasury stock. Company stocks issues in Canada and other countries have similar identifying codes.

There are scores of natural resource and mining company stocks. Most are so-called "penny stocks" priced below a few dollars per share, and some are traded very infrequently in small volume. Most are listed on Canadian exchanges, posted on the NASDAQ Bulletin Board, or entered on the U.S. Pink Sheets.

If a publicly traded company is no longer an independent going concern, then a printed stock certificate still might have value as a collector's item.





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