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I bouught a stock NTOP in 2005 and the symbole is not valid anymore. What is the current symbole or company name for it.

2007-05-13 15:25:09 · 4 answers · asked by It's me 1 in Business & Finance Investing

4 answers

Net2Phone merged with IDT in 2006.

I don't know if your stock is worthless or was replaced by IDT stock but a call to Net2Phone's investor representative would probably clear it up.

Corporate Headquarters
Net2Phone, Inc.
520 Broad Street
Newark, NJ 07102
Phone Number: (973) 438-3111
Fax Number: (973) 438-1829

2007-05-13 15:42:54 · answer #1 · answered by enoriverbend 6 · 1 0

The old GM stock now trades as MTLQQ.PK, It is no longer called General Motors it is now the Motors Liquidation Company. It includes all the bad assests of the old company that they are trying to liquidate. The creditors will get first crack at any money from that liquidation and there will likely be nothing left for the shareholders. The stock has little if any value and would not be a good investment. There is no publicly traded stock in the new GM, The share holders in the old GM will not get any of the new GM. Eventually there will be an IPO and anyone can then buy stock in the new GM. For a short time the old GM traded as GMGMQ.PK but people got confused and thought they were buying shares of the new GM instead of the old bad assets. So they had to change the symbol and name to make it less confusing.

2016-05-17 10:28:26 · answer #2 · answered by ? 4 · 0 0

From a google search:

fool.com: Tricks and Treats (Special) October 26, 1999
... situation arose from the valuation of newly public Net2Phone (Nasdaq: NTOP) ... Net2Phone Message Board. StockTalk With Net2Phone's President -- 9/7/99 ...www.fool.com/specials/1999/sp991027halloween5.htm - 26k - Cached - More from this site

2007-05-13 15:34:07 · answer #3 · answered by Bulk O 5 · 0 0

The shares are worth $2.05 each.

On March 13, 2006, Net2Phone, Inc. completed a merger with a wholly-owned subsidiary of IDT Corporation, NTOP Acquisition. As a result of the merger, Net2Phone, Inc. is now a wholly-owned subsidiary of IDT.
On Friday, March 10, 2006, Net2Phone stockholders consented to the adoption of the merger agreement and the approval of the merger following a consent solicitation by Net2Phone. As of March 3, 2006, the record date for the consent solicitation, IDT beneficially owned approximately 82.5% of the outstanding equity of Net2Phone and approximately 87.2% of the outstanding voting power of Net2Phone. IDT provided its consent with respect to all of its Net2Phone shares.

The merger was completed pursuant to the Agreement and Plan of Merger previously entered into among IDT, NTOP Acquisition and Net2Phone. The remaining stockholders of Net2Phone will receive the same consideration of $2.05 per share in cash as was received by the Net2Phone stockholders who tendered in the offer. As result of the merger, shares of Net2Phone capital stock are no longer publicly traded.

http://web.net2phone.com/about/investor/

2007-05-13 15:56:37 · answer #4 · answered by zman492 7 · 2 0

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