Looking through yesterday's mail....
Two large envelopes of very similar appearance.
Each contains a notification & associated form with return envelope regarding some stock (two accounts, same company) that he's had since forever, with the shares in his own name, not through a brokerage.
Something about a reverse split, one new share for 45 old shares. Nominal share price is $0.001 both before and after, hmmm.
How many shares does he have, anyway?
Says at the bottom: 3 shares in each account, so 6 total. Doesn't say whether old shares or new, so I don't know whether he has $0.006 or only $0.000133. Either way, less than the skin of a fully-grown male mosquito (which can fetch anything up to 0.8p).
Looking up the company in question... it appears that the actual share price at the moment is a whopping $0.19, so (depending whether that's old or new shares) my father would seem to have either $1.14 or $0.02533.
Looking at the envelopes, it would seem that they spent $3 in metered postage to send the two forms. But I guess this stuff is required.
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