Found 1,000 shares of stock, is it worthless?

Question

After going through some newly-found files of my deceased grandfather, we found that he had purchased 1,000 shares of a company back in 1998.

I can't find any quote on this symbol (NQHD). Company is "National Equities Holdings". I've never heard of the company, and any info on it is all redundant from site to site.

I'm assuming it is worthless. If it is, no big deal as he only paid $500 for the shares. Anyone know?

Answer 1

I found this:

National Equities Holdings, Inc., a development stage company, does not have any significant operations. It plans to focus on oil and natural gas investments. The company was organized in November 1987 under the name, Asquith Venture Associates, Inc. and changed its name to Amadeus Holdings, Inc. in October 1988. The name was further changed to National Equities in January 1993. It is headquartered in Spring, Texas.

1 Employees

Answer 2

I would suggest you speak to a broker who handles these things on a daily basis. If you get very lucky, such as my uncle did, you could have a nice windfall there. Or you could have kindling  =)

Good luck friend

Answer 3

Your stock is currently trading for $0.01 per share, so 1000 shares are worth a whopping 10 bucks.  Depending on some of the fees a broker might charge you to sell a stock from a certificate, you might be in the hole after the whole process.  Probably best to just hold onto it for a while and hope the company turns around.

Answer 4

Don't give up.   They may have value.  www.smytheonline.com charges you to check on the stock. Or call them 800-622-1880     also www.stocksearchintl.com charges you  800-537-4523

I wonder if you told them that you would split the value with them if they would search for free.

Answer 5

Not trying to be harsh, but looking at the question from a logic viewpoint.

I am having a hard time figuring out how a deceased grandfather bought a stock that just recently began trading?

How do you know what he paid for it? The price paid for a stock is never on the certificate?

http://finance.yahoo.com/q?s=NQHD.PK

.01 cent

no bid, no ask, no volume. It is worthless.

If this was a legit Q, then 50 cents a share was paid for the stock, which I doubt - elderly people don't fit the profile of penny stock buyers - unless they were conned into it.

Answer 6

It looks like NQHD has been moved to the pink sheets and is essentially worhtess.  See http://finance.yahoo.com/q?s=NQHD.PK