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 roadsmith
 
posted on January 31, 2011 09:13:12 PM new
I have a share of Kara International, Inc., stock. Purchased in 1987. Can some stock-market guru here see if it's still viable and, if so, what it's going for now? The statement I received acknowledging my purchase was from Covey & Co., Salt Lake City. Not sure what was going on!

It was a chocolate company in Provo, Utah, and I purchased one share on a whim, after tasting their product.
[ edited by roadsmith on Jan 31, 2011 09:15 PM ]
 
 kozersky
 
posted on January 31, 2011 09:55:25 PM new
Must be an OTC stock. It is not traded on any major exchange.

However, I did locate this for you -

http://www.karachocolates.com/

Contact them and ask what's up ....

Bill K-
William J Kozersky Stamp Co.
William J Kozersky Stamp Co. Book Store
Charity Seal Literature
William J Kozersky Stamp Co. at eBay
William J Kozersky Stamp Co. at BidStart
William J Kozersky Stamp Co. at DelCampe
 
 roadsmith
 
posted on February 1, 2011 03:01:45 PM new
Thanks, Bill. I've initiated contact with Kara. Hope I hear from them. Adele
 
 sthoemke
 
posted on February 5, 2011 02:19:06 PM new
Looks like the company did a reverse merger, and then the company was convicted of a pyramid scheme.

http://www.sec.gov/litigation/litreleases/lr15672.txt

http://www.pyramidschemealert.org/PSAMain/news/MLMProsecution2.html

 
 roadsmith
 
posted on February 5, 2011 04:33:59 PM new
Yep, thanks! I'm throwing the paperwork away; they went bankrupt.

Or am I making a mistake throwing it all away?
 
 max40
 
posted on February 5, 2011 07:31:08 PM new
Sell it on eBay.

 
 roadsmith
 
posted on February 5, 2011 08:02:48 PM new
Max40: Admittedly I'm very gullible. Are you kidding, that I should sell it on eBay? Or serious?
 
 kozersky
 
posted on February 5, 2011 08:13:00 PM new
Before you throw anything away - check with the broker who sold the stock. You did not tell us what you paid for the stock - you can claim the value loss of the stock on your tax return.

Yes, the stock has value for collectors - Scripophily - the collection of stocks, bonds, etc. Check out stocks in the coins category on ebay.

http://coins.shop.ebay.com/i.html?_nkw=stocks&_sacat=11116&_odkw=stocks&_osacat=0&_trksid=p3286.c0.m270.l1313

I would still check a bit further before you can the stock.

Bill K-
William J Kozersky Stamp Co.
William J Kozersky Stamp Co. Book Store
Charity Seal Literature
William J Kozersky Stamp Co. at eBay
William J Kozersky Stamp Co. at BidStart
William J Kozersky Stamp Co. at DelCampe
 
 roadsmith
 
posted on February 7, 2011 01:27:28 PM new
Okay, Bill. I've now learned that the stock is worthless (called a broker where we used to live). So. . . I'd like to try to sell the stock certificate in scriophily. Is that all I need to show in a photo--just the certificate itself? I have a lot of paperwork on the sale.
 
 
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