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I would like to find out more info on this mine. I think it is out of Montana becouse it says incorperated under the laws of Montana. I would like to know if it is of any value also. I had forgot that it was given for me in 1978.

2007-04-18 17:31:24 · 2 answers · asked by nita s 1 in Business & Finance Investing

2 answers

https://app.mt.gov/cgi-bin/bes/besCertificate.cgi?action=detail&bessearch=D032437&trans_id=miia071080601433def00

2007-04-18 18:59:39 · answer #1 · answered by jeff410 7 · 0 0

I'm afraid the news is not good.

First:

" Silver Ledge, Incorporated, a Clearfield, Utah based
Nevada corporation which recently changed its domicile from Montana to Nevada
("Silver Ledge"), OTC Bulletin Board Symbol, "SILL," announced today the closing
of an Agreement and Plan of Merger (the "Plan") pursuant to which Net
Telecommunications, Incorporated, a Nevada corporation ("Net Tel"), merged with
and into Silver Ledge, with Silver Ledge being the surviving corporation

Pursuant to the Plan, the 43,657,907 outstanding shares
of Silver Ledge are to be reverse split on a basis of 40.087785 for one,
reducing the pre-Plan outstanding shares of Silver Ledge to 1,089,057 shares,
and the name of Silver Ledge is to be changed to "Net Telecommunications,
Incorporated." As a result, approximately 40 shares of pre-split common stock of
Silver Ledge will equal one post-split share of common stock of Silver Ledge;
the reverse split and name change shall be effective on the filing of the
Articles of Merger with the Secretary of State of Nevada, which is anticipated
to be on Thursday, July 11, 1996. The Plan is deemed to be effective for
accounting purposes as of June 30, 1996. "

http://www.secinfo.com/dsVs6.9Fu.9.htm

Second:

On August 10, 1998, Net Telecommunications, Inc., a Nevada
corporation (the "Company"), filed a petition in bankruptcy in the U.S.
Bankruptcy Court for the Southern District of Nevada. The case was designated
Case No. 98-27052LBR. On the same date, NTI Telecom, Inc., the Company's
wholly-owned subsidiary, filed a petition in bankruptcy in the same Court.
That case was designated Case No. 98-27053LBR. Both petitions were filed
under Chapter 11 of the U.S. Bankruptcy Code.

http://www.secinfo.com/dV768.72t.htm

I do not know believe these two reports mean definatively that your certificate is worthless, but I would say the chances are that it is worth very little if it is not completely worthless.

2007-04-19 01:57:16 · answer #2 · answered by zman492 7 · 1 0

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