|
|
|
|
| Author |
|
|
Registered
Join Date: Jul 2005
Location: Seattle
Posts: 5,823
|
GE Stock certificate from 1981.. worthless?
hmm.. "Stick" certificate. Wish we could edit post titles!
So, a long time ago a friend of mine gave me a bunch of stuff. Among it all was a General Electric Co . Stock certificate, I think dated 1981. It appears to be punched for one share. What, if anything, is this thing worth?  I wonder if this is the same George L Mahoney... George L. Mahoney Profile - Forbes.com
__________________
'85 911. White - 53,000 miles bought 3-16-07. "Casper" '88 924S. Blue - 120k miles bought with 105k miles. '94 968 Coupe - White - 108,000 miles bought 9-28-17 '09 Cayman - Grey - bought 9-8-20 Last edited by WolfeMacleod; 07-16-2011 at 12:27 PM.. |
||
07-16-2011, 12:22 PM
|
|
|
Moderator
|
Title edited.
Common GE stock is worth $18.41 as of Friday's close. So, I'd say that paper's worth about $18.41, give or take a penny or two..  -Z-man.
__________________
2010 Cayman S - 12-2020 - 2014 MINI Cooper S Coupe - 05-17 - 05-21 1989 944S2 - 06-01 - 01-14 Carpe Viam. <>< |
||
|
07-16-2011, 12:48 PM
|
|
|
Registered
Join Date: Jul 2010
Location: Houston
Posts: 824
|
Quote:
__________________
DD summer/winter: 2000 Boxster S DD spring/fall: 914-6 w/ 3.0L SC Dual Webers (For Sale) http://imgur.com/a/k0Wtl - My 914-6 Build/Project Story Last edited by patssle; 07-16-2011 at 12:55 PM.. |
||
|
07-16-2011, 12:52 PM
|
|
|
Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 55,727
|
have there been any splits or anything? Wouldn't that make a difference?
Wonder if this will work, probably not. looks like there have been a few splits. I assume those would have to be taken into consideration. GE Basic Chart | General Electric Company Common Stock - Yahoo! Finance
__________________
Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa  SOLD 2004 - gone but not forgotten
|
||
|
07-16-2011, 12:53 PM
|
|
|
Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 55,727
|
if the stock splits were 2:1 (I have no idea), then that one share would be 32 shares at $18 which is pretty cool. I assume that you could follow the link that I posted and figure it out.
__________________
Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa SOLD 2004 - gone but not forgotten
|
||
|
07-16-2011, 12:54 PM
|
|
|
Make Bruins Great Again
|
Absolutely worthless. Please mail it to me. I collect old printed material like stock certificates and paper with green drawings of dead presidents...
__________________
-------------------------------------- Joe See Porsche run. Run, Porsche, Run: `87 911 Carrera |
||
|
07-16-2011, 01:43 PM
|
|
|
|
canna change law physics
|
It is now worth 48 shares. @ 18.41/share -> $883.68
Splits 5/5/2000 - 3 for 1 5/9/97 - 2 for 1 5/13/94 - 2 for 1 5/22/87 - 2 for 1 6/1/83 - 2 for 1
__________________
James The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994) Red-beard for President, 2020 |
||
|
07-16-2011, 02:15 PM
|
|
|
1.367m later
Join Date: Feb 2002
Location: small farm town Iowa..........at last
Posts: 6,357
|
Quote:
__________________
non velox ad propitiare, verisimile non oblivisci If it's not The Original Automotive Innovations and Restoration, then it's just hot AIR. |
||
|
07-16-2011, 02:34 PM
|
|
|
Information Junky
Join Date: Mar 2001
Location: an island, upper left coast, USA
Posts: 73,189
|
hmm... it's not like that piece of paper is a bearer cert... right? I mean, who uses those ppr certs for tracking anymore?
registered stock certificate... not a bearer stock certificate?
__________________
Everyone you meet knows something you don't. - - - and a whole bunch of crap that is wrong. Disclaimer: the above was 2¢ worth. More information is available as my professional opinion, which is provided for an exorbitant fee. 
Last edited by island911; 07-16-2011 at 02:40 PM.. |
||
|
07-16-2011, 02:36 PM
|
|
|
The Unsettler
Join Date: Dec 2002
Location: Lantanna TX
Posts: 23,885
|
Quote:
__________________
"I want my two dollars" "Goodbye and thanks for the fish" "Proud Member and Supporter of the YWL" "Brandon Won" |
||
|
07-16-2011, 02:53 PM
|
|
|
Registered
Join Date: Jul 2005
Location: Seattle
Posts: 5,823
|
Quote:
__________________
'85 911. White - 53,000 miles bought 3-16-07. "Casper" '88 924S. Blue - 120k miles bought with 105k miles. '94 968 Coupe - White - 108,000 miles bought 9-28-17 '09 Cayman - Grey - bought 9-8-20 |
||
|
07-16-2011, 03:02 PM
|
|
|
Information Junky
Join Date: Mar 2001
Location: an island, upper left coast, USA
Posts: 73,189
|
me either . . .it's just that it says "This certifies George L Mahoney as the owner of...
...but I'm no expert on these things. :-/ maybe one of these other guys will give you 8bills for it. 
__________________
Everyone you meet knows something you don't. - - - and a whole bunch of crap that is wrong. Disclaimer: the above was 2¢ worth. More information is available as my professional opinion, which is provided for an exorbitant fee.
|
||
|
07-16-2011, 03:32 PM
|
|
|
|
83 911 Production Cab #10
|
Quote:
Maybe you should work on that Debt Ceiling problem
__________________
Who Will Live... Will See 83 911 Production Cab #10, Slightly Modified: Unslanted, 3.2, PMO EFI, TECgt, CE 911 CAM Sync / Pulley / Wires, SSI, Dansk Sport 2/2, 17" Euromeister, CKO GT3 Seats, Going SOK Super Charger |
||
|
07-16-2011, 05:15 PM
|
|
|
Cogito Ergo Sum
|
I think the better question now is, how would he sell it?
|
||
|
07-16-2011, 06:23 PM
|
|
|
Registered
Join Date: Jul 2001
Location: Thunder Bay, ON
Posts: 4,551
|
The cert is actually from 1956 (see bottom signature), the other numbers by the name may a client, account, or security number.
This, like most other certs, is a named cert - not a bearer item - is the power of attorney portion on the back signed over? In all probablility, the stock cert has been redeemed / cancelled - are there any holes punched along the left side of the cert? (pic doesn't show the left edge) If there are no holes punched, you may want to contact the transfer agent for GE and check on the cert number to see if it's still a valid certificate. AM
__________________
1970 911E - track / weekend car 1970 911S - under restoration 1986 930 Slant Nose - fun car |
||
|
07-16-2011, 06:25 PM
|
|
|
Registered
Join Date: Jul 2005
Location: Seattle
Posts: 5,823
|
Quote:
I still have that stock certificate. And to answer Andrew's question, there are no holes along the left edge... and there is ZERO signatures or handwritten anything on the back side.
__________________
'85 911. White - 53,000 miles bought 3-16-07. "Casper" '88 924S. Blue - 120k miles bought with 105k miles. '94 968 Coupe - White - 108,000 miles bought 9-28-17 '09 Cayman - Grey - bought 9-8-20 |
||
|
10-24-2015, 12:32 PM
|
|
|
Registered
Join Date: Jul 2001
Location: Denver Area
Posts: 1,017
|
If it does end up being worthless, then I'd be interested in it for a friend. I work for GE and several people at work collect GE memorabilia. Some people bought the old GE comic books that promoted science and engineering. If you decide to get rid of it then send me a PM.
__________________
Grady aka plain fan 66 912 - enjoying the good life 78 911 SC and 90 C2 turbo look cab - gone but not forgotten 01 996 TT -  09 Audi A4 Avant - daily driver |
||
|
10-25-2015, 06:47 AM
|
|
|
Driver, not Mechanic
Join Date: May 2013
Location: SF Bay Area
Posts: 2,998
|
Take it to a broker.... Establishing ownership would be a problem, unless you are George Mahoney, or an heir or assignee that is legally traceable.
Edit: found this after my reply above. Has some more options: http://www.wsj.com/articles/SB10001424127887324100904578400750292505328 Last edited by wildthing; 10-25-2015 at 07:15 AM.. |
||
|
10-25-2015, 07:12 AM
|
|
|
cycling has-been
Join Date: Sep 2004
Location: Jersey Shore
Posts: 7,237
|
Who has been receiving the 1099-Ds? Who has been paying the taxes on the dividends (and splits)?
So in order to redeem your one/forty-eight shares, you've got to pay uncle Sam retro taxes an penalties amounting to $xx,xxx.xx. Hopefully the redemption value is more than the accrued taxes and fines. Bill K
__________________
73 911T MFI, 76 912E, 77 Turbo Carrera |
||
|
10-25-2015, 07:20 AM
|
|
|
Registered Usurper
Join Date: Sep 2005
Posts: 13,824
|
If a company announces a 2-for-1 stock split it will double the number of shares outstanding. If a company had 1 million shares outstanding and announces a 2-for-1 split, it will issue 1 million new shares to its stockholders. After the split, the company will have 2 million shares outstanding, and each stockholder will have twice as many shares as he had before the split. Doubling the number of shares immediately cuts the value of each share in half. A stock worth $10 a share before the split will be worth $5 a share after the split. Companies may also choose odd-number splits, such as 3-for-2 or 5-for-4. Such splits will have similarly proportionate effects on an individual stock's value.
__________________
'82 SC RoW coupe |
||
|
10-25-2015, 09:55 AM
|
|
1989 Porsche 944S2 3.0l 16v 4cyl
BB
Max
1970/1982 Porsche 914-6/911SC 2.7 RS
Das Babe
Das Babe Metalberiech
1986 Porsche 944 2.5l
