Quote from: Rob E on February 12, 2013, 09:50:57 PM

well i don;t know what it was like back then i'd pretty much prefer an america of 50 years ago then to day. As most people would as the whole fuk n world would. But i don't understand if you have stocks and it is forgotten about and in that whole time there is no sign of life. . Tongue

. Maybe in the mean time they had to be renewed. . i mean if i buy stocks and do nothing with them for 20 years or thirty years. I give no sign or response, i don't know wouldn't that be a little weird.. I don't know if they ever send letters on anything to do with these bonds.. But i can think with an idea that these bonds are somehow time related. Not?

Why would you need to do anything? You are not an employee when you own stock. They do not compensate you for your time to respond to letters. Stock certificates are made to store in a portfolio in a safe. Businesses may choose to invite participation, but most people do not even look at their stock certificates until they need liquidity. In this case the process of "encheating" stock certificates allows a court to relieve you of your property for an arbitrary remunerance, which in this case was less than the original purchase price in equivalent dollars at the time. The company did not file bankruptcy, they just wanted to go back to private ownership and not share in the profits of their success with the people that invested in them.