I purchased stock in a company in 1995. That company was absorbed by another company, which was absorbed by another company, and then again absorbed by another company.
I forgot about the stocks. Occasionally I would get these packets which I opened, examined, and then filed away (they were often voting stuff).
Recently, I received a notice the Oracle was buying out the other company at a price of $95 a share. The company handling the transfers told me I needed the certificates. I went through all my paperwork but never received them, even though they claimed it was sent to me twenty years ago.
They are charging a flat fee, plus 8% to replace the certificate, and if I sell I stand to make around 22k. My original investment was $799.
I was wondering, do I have to sell? I was wondering if I hold them, I would just get stock in Oracle? I thought certificates were a thing of the past and today they do everything electronically. So do I really need to go through all this and pay them all that money for a piece of paper?
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