i was cleaning a house for caldwell banker, these people got everything they wanted and told us to throw away everything else in tha house. we found two stock certificates for Monsanto equaling three shares. what I want to know is since i aquired them legally is there a way i can get them in my name or are they no good to me? who would I contact to find that out, Monsanto? one was bought in 1979 one was bought in 1990. they were gonna throw them away, in texas once it is thrown away it is first come first serve, if you want it it's yours.
2007-08-01 05:41:19 · 6 answers · asked by rusmaster2003 1 in Business & Finance ➔ Investing
It depends if the certificates are registered or bearer (which is uncommon). A stock brokerage (like Charles Schwab) could probably tell you which kind they are. If they're registered, you probably need the previous owner's written permission to put them in your name. If they're bearer you can just cash them in at the brokerage.
If they're registered, the best thing would probably be to return them to the owner, and maybe hint that a reward would be graciously accepted.
2007-08-01 05:47:15 · answer #1 · answered by rainfingers 4 · 1⤊ 0⤋
If this is Monsanto that trades on the NYSE each share is worth about $64.50. The ethical thing to do is contact the owners of the stock. The name is bound to be on the certificates. As the first guy said, maybe you can get a reward. Always do what you would want done if it were you and yours. There's a big difference between legally right and morally right.
2007-08-01 05:58:08 · answer #2 · answered by sursumcorda 6 · 0⤊ 0⤋
Sometimes when stock certificates are lost there is a way to have them remade. That may have been the case with those ones. If you find out they are worthless you can always sell them on ebay for a few dollars. Some people collect stock certificates.
2007-08-02 12:00:16 · answer #3 · answered by Brad H 2 · 0⤊ 0⤋
Me too!!! I had 1,000,000 shares of stock but I lost the certificates and don't remember what I bought. I think I'm a billionaire but I don't know for sure.
2016-05-19 23:59:35 · answer #4 · answered by ? 3 · 0⤊ 0⤋
Well, it seems to me if you can prove legal ownership then all you have to do is go to a local brokerage firm and ask to have them re-registered. You can then sell them or open a brokerage account and keep them (probably not worth it.) Monsanto is trading today around $64, so that's $192.
2007-08-01 06:03:17 · answer #5 · answered by Andy 3 · 0⤊ 0⤋
The only way you're going to be able to redeem them is if you take them to a broker. If they find out they arent yours, well there's a saying in the market.....he who sells what isn’t his’n goes to prison. Up to you.
2007-08-01 06:12:26 · answer #6 · answered by jeff410 7 · 0⤊ 0⤋