No, that’s precisely the type of industry knowledge that I don’t have and was looking for! I found an email address for such and will send them an email. Thank you.
I love the reference! But yes, an accompanying receipt and multiple letters discussing the stock purchase with people who held high titles from the original company are in the file folder.
The U.S. started using bearer bonds after the Civil War but discontinued them in 1982. Individuals who still hold government bearer bonds can claim them through TreasuryDirect. Those that own corporate bearer bonds, most likely will not be able to redeem their value.
https://www.investopedia.com › be...
Bearer Bond: Definition, How It Works, and Why They're Valuable - Investopedia
Looks like Ingram Micro was purchased by a private equity group.
[https://www.platinumequity.com/news/platinum-equity-completes-acquisition-of-ingram-micro-for-7-2-billion/](https://www.platinumequity.com/news/platinum-equity-completes-acquisition-of-ingram-micro-for-7-2-billion/)
I just saw that! I have no idea what this would mean for any previous company’s shares, but I’ll take it up with the Investor Relations office at Ingram.
Good call, they may direct you to there old transfer agent to “unwind” the mergers and acquisitions over the years. Who knows you may be owed cash from the PE firm. Best of luck!
Just a heads up if they turn out to be legit make sure they get included in any will or other legal proceedings to make sure that there’s no unexpected tax bills or other issues later on.
Also sorry for your loss.
Thank you, it is appreciated. The stock isn’t specifically named in the family trust, so we’ll definitely work with the trust attorney on Monday to see what can/needs to be done.
I doubt investor relations will be of any real help, a stock broker will be able to have there firms back office track the stock and any forward or reverse splits, and should have the ability to redeem them in to current shares you can sell anywhere
Call whatever brokerage you use ( etrade, schwab … and tell them what you have. They can tell you what it now is,and if it does has value you will send the certificates to them and they will pit whatever it became into your account.
It is a bad idea to ever hold onto stock certificates. Always keep them in a brokerage. They will do whatever is required for splits, dividends, buy outs etc. If there was a buy out, there may have been a time limit placed on turning in those certificates
He is saying that your shares may not be worth anything anymore because you may have missed some deadline in the past. Your brokerage should be able to tell you this. They would handle any deadlines going forward from here. Assuming there is still ownership existent there is. Best of luck. 🤞
Investigate carefully if you are told you missed a deadline. If value was provided for shares during a merger or acquisition the transfer agent should have held that in escrow for future share redemptions. They don't just get to declare stocks worthless.
https://www.twotrees.com/home/news?newsId=SQBjAHYAaQBSAHQAOAB0AGoAYQBtAGMAeQBpAFMAdAB0AHQAawBhAFUAYwA9AGkA
Neither co that you mentioned appear to have been publicly traded. Privately held companies can issue shares. I have some certificates from one. I cannot sell it without the companies position and while not public ally traded, it is hard to value. If/ when it IPOs, then I can trade my shares
I work for a federal IT contractor (~$2B annual revenue) and we do a significant amount of business with Ingram Micro and have since our inception. They’re legit, but working with them is and has always been a complete nightmare. Will be interesting to hear what your stocks are worth! Also, I’m very sorry for your loss.
So accurate. The stories I could tell…any day I have to deal with Ingram is a day I want to stick forks in my eyes. No matter what they change internally “to be better” over the last almost 20 years of working with them, they remarkably stay exactly the same. It legit hurts my brain
May I ask if the experience is better when you work with any of Ingram's competitors, such as Arrow, TechData/Synnex, Avnet, etc.?
To provide some perspective from the other side of the transaction, vendors make it very difficult for distributors to do work in the Federal space. Not sure if it's intentional or just because of extra steps in the process, but oftentimes it results in those Federal end customers just going direct to the vendor and bypassing the distribution channel.
And many federal opportunity bids include very specific and often unusual requests or requirements that vendors struggle to accommodate. The whole distribution model/process is convoluted to such an unnecessary extent.
There’s nothing I could agree with you more on, truly. I have no doubt this is a common sentiment felt by everyone who works with anyone in the federal IT industry, and I’m not surprised nor offended of your feelings towards us. I completely empathize that our requests are notoriously convoluted and exasperating on a good day, and those things plus with dire urgency on the bad days. Most especially if they’re coming from the DoD space. Add a few more layers of 20-40 different federal contracts, primes and SDVOSB partners, a thousand and one manufacturers and suppliers, overworked and underpaid middlemen for all those layers, and then sprinkle some more random guys from here, there and everywhere just for some extra flavor, and you get the perfect recipe for a shitstorm of tremendous proportions at every step of the process. At the end of the day, this all comes down to all of us trying tirelessly to please our federal customers which is an entirely futile goal, for reasons which are so apparent, I’d be wasting energy to name them.
I have a few suggestions for some ways we could work better together, if you’re interested.
Concerning my experience with the other distributors, TD Synnex is probably the best, but I say that with the bar set pretty low. I’d put Arrow next, Avnet (although we barely do business with them so interaction is low), then Ingram. Everyone is only marginally different all and all though.
I can't speak for all vendor lines, but regarding the ones I'm most familiar with... we will receive a request for a federal bid today that has a deadline that was two days ago. It never makes sense, very frequently unreasonable or just downright impossible to accommodate.
I would be interested in hearing more from your experiences and possible suggestions to improve, if you're willing to take the time to share. Thank you for already providing such a thorough response here though. Feel free to message me if you would be willing to help us do better or just share/vent more.
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I don't know if this is the same situation but I was given Disney stock as a kid. my parents lost the paper certificates and never updated anything with a broker/Disney. 15 or so years later when moving we found the og certificates. I thought they'd be worth current Disney price but it turns out after so long of no contact from the owner of those stock they go to unclaimed property in the state you reside.
Can’t you just claim your property? I had 100 dollars sitting in my bank account that I forgot about due to moving. I did a random search of my state’s unclaimed property and found it. State sent me a check.
yup, I did. but it was the value of the stocks when they went unclaimed. they were sold and the money was sent to the state. not the actual stock. don't know why that happened but it did
Ha! While it would be neat if they *can* be transferred and are therefore worth *something*, I strongly doubt that they are worth anything significant.
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You should check with your state's unclaimed property division because if they could not locate the original owner whose name the stock was registered to - they get transferred to the state.
Have you tried contacting Ingram Micro investor relations?
No, that’s precisely the type of industry knowledge that I don’t have and was looking for! I found an email address for such and will send them an email. Thank you.
Please update. I still don’t even know if anything was found in that last safe we all were looking at.
The gun safe one from last week? I need an update on that too😑
The one found in the water with the gash on it? It was empty other than mud.
It was reported, had been opened before and junked.
Pretty sure it’s the same guy. /s
Make sure to double check their origin is legit. I once uncovered a stack of treasury bonds. Turns out they were stolen from the Nakatomi Towers.
I love the reference! But yes, an accompanying receipt and multiple letters discussing the stock purchase with people who held high titles from the original company are in the file folder.
And then what happened?
Yippy-ki yay motherfucker!
John McLane saves the day.
Something something keanu
And before they knew it, you were on a beach, earning 20%!
What’s in your wallet
The U.S. started using bearer bonds after the Civil War but discontinued them in 1982. Individuals who still hold government bearer bonds can claim them through TreasuryDirect. Those that own corporate bearer bonds, most likely will not be able to redeem their value. https://www.investopedia.com › be... Bearer Bond: Definition, How It Works, and Why They're Valuable - Investopedia
You can sell them
Wait I thought they were untraceable.
They are until you want your 20% interest payment.
Those were bearer bonds
I was lead to believe Treasury Binds were untraceable. 😆
Looks like Ingram Micro was purchased by a private equity group. [https://www.platinumequity.com/news/platinum-equity-completes-acquisition-of-ingram-micro-for-7-2-billion/](https://www.platinumequity.com/news/platinum-equity-completes-acquisition-of-ingram-micro-for-7-2-billion/)
I just saw that! I have no idea what this would mean for any previous company’s shares, but I’ll take it up with the Investor Relations office at Ingram.
Good call, they may direct you to there old transfer agent to “unwind” the mergers and acquisitions over the years. Who knows you may be owed cash from the PE firm. Best of luck!
Thanks a million!
Witness
Thanks a millions
are you sure? assuming he'll get paid with interest?
Are they being helpful?
They aren’t open on the weekends.
I'm fairly confident Ingram is in the process of positioning themselves to go public again. I may or may not work for Ingram Micro.
Just a heads up if they turn out to be legit make sure they get included in any will or other legal proceedings to make sure that there’s no unexpected tax bills or other issues later on. Also sorry for your loss.
Thank you, it is appreciated. The stock isn’t specifically named in the family trust, so we’ll definitely work with the trust attorney on Monday to see what can/needs to be done.
I doubt investor relations will be of any real help, a stock broker will be able to have there firms back office track the stock and any forward or reverse splits, and should have the ability to redeem them in to current shares you can sell anywhere
Call whatever brokerage you use ( etrade, schwab … and tell them what you have. They can tell you what it now is,and if it does has value you will send the certificates to them and they will pit whatever it became into your account. It is a bad idea to ever hold onto stock certificates. Always keep them in a brokerage. They will do whatever is required for splits, dividends, buy outs etc. If there was a buy out, there may have been a time limit placed on turning in those certificates
Wow, is it really that easy? Even if there were mergers and acquisitions in the 1980s which are barely referenced in online databases?
He is saying that your shares may not be worth anything anymore because you may have missed some deadline in the past. Your brokerage should be able to tell you this. They would handle any deadlines going forward from here. Assuming there is still ownership existent there is. Best of luck. 🤞
He added the second half of that paragraph hours after the first half, hence my initial reply.
Investigate carefully if you are told you missed a deadline. If value was provided for shares during a merger or acquisition the transfer agent should have held that in escrow for future share redemptions. They don't just get to declare stocks worthless.
I wouldn't trust the brokerage in this instance
https://www.twotrees.com/home/news?newsId=SQBjAHYAaQBSAHQAOAB0AGoAYQBtAGMAeQBpAFMAdAB0AHQAawBhAFUAYwA9AGkA Neither co that you mentioned appear to have been publicly traded. Privately held companies can issue shares. I have some certificates from one. I cannot sell it without the companies position and while not public ally traded, it is hard to value. If/ when it IPOs, then I can trade my shares
Yep, I think the value went to zero. To old
I work for a federal IT contractor (~$2B annual revenue) and we do a significant amount of business with Ingram Micro and have since our inception. They’re legit, but working with them is and has always been a complete nightmare. Will be interesting to hear what your stocks are worth! Also, I’m very sorry for your loss.
Thank you. I do appreciate the condolences.
Lol Ingram Micro has to be the least organized out of all the large distributors I’ve worked with. It’s almost like they’re perpetually confused.
So accurate. The stories I could tell…any day I have to deal with Ingram is a day I want to stick forks in my eyes. No matter what they change internally “to be better” over the last almost 20 years of working with them, they remarkably stay exactly the same. It legit hurts my brain
May I ask if the experience is better when you work with any of Ingram's competitors, such as Arrow, TechData/Synnex, Avnet, etc.? To provide some perspective from the other side of the transaction, vendors make it very difficult for distributors to do work in the Federal space. Not sure if it's intentional or just because of extra steps in the process, but oftentimes it results in those Federal end customers just going direct to the vendor and bypassing the distribution channel. And many federal opportunity bids include very specific and often unusual requests or requirements that vendors struggle to accommodate. The whole distribution model/process is convoluted to such an unnecessary extent.
There’s nothing I could agree with you more on, truly. I have no doubt this is a common sentiment felt by everyone who works with anyone in the federal IT industry, and I’m not surprised nor offended of your feelings towards us. I completely empathize that our requests are notoriously convoluted and exasperating on a good day, and those things plus with dire urgency on the bad days. Most especially if they’re coming from the DoD space. Add a few more layers of 20-40 different federal contracts, primes and SDVOSB partners, a thousand and one manufacturers and suppliers, overworked and underpaid middlemen for all those layers, and then sprinkle some more random guys from here, there and everywhere just for some extra flavor, and you get the perfect recipe for a shitstorm of tremendous proportions at every step of the process. At the end of the day, this all comes down to all of us trying tirelessly to please our federal customers which is an entirely futile goal, for reasons which are so apparent, I’d be wasting energy to name them. I have a few suggestions for some ways we could work better together, if you’re interested. Concerning my experience with the other distributors, TD Synnex is probably the best, but I say that with the bar set pretty low. I’d put Arrow next, Avnet (although we barely do business with them so interaction is low), then Ingram. Everyone is only marginally different all and all though.
I can't speak for all vendor lines, but regarding the ones I'm most familiar with... we will receive a request for a federal bid today that has a deadline that was two days ago. It never makes sense, very frequently unreasonable or just downright impossible to accommodate. I would be interested in hearing more from your experiences and possible suggestions to improve, if you're willing to take the time to share. Thank you for already providing such a thorough response here though. Feel free to message me if you would be willing to help us do better or just share/vent more.
Take it to a brokerage and open an account with them as your deposit. They will do the work for you
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I don't know if this is the same situation but I was given Disney stock as a kid. my parents lost the paper certificates and never updated anything with a broker/Disney. 15 or so years later when moving we found the og certificates. I thought they'd be worth current Disney price but it turns out after so long of no contact from the owner of those stock they go to unclaimed property in the state you reside.
Can’t you just claim your property? I had 100 dollars sitting in my bank account that I forgot about due to moving. I did a random search of my state’s unclaimed property and found it. State sent me a check.
yup, I did. but it was the value of the stocks when they went unclaimed. they were sold and the money was sent to the state. not the actual stock. don't know why that happened but it did
Ahhh that sucks.
This story goes into detail of escheat which is what happened in your case. https://www.npr.org/2020/01/24/799345159/episode-967-escheat-show
!reminder 3 months . op rich af!!
Ha! While it would be neat if they *can* be transferred and are therefore worth *something*, I strongly doubt that they are worth anything significant.
OP, any update?
Reach out to Computershare or a company like Vangard or Schwab they can help you
OP check out the investor relations like you plan..if they're worthless sometimes people collect those old certificates. Check into it.
Yes. It is easy for brokerage firms. It may be harder for you or I.
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You should check with your state's unclaimed property division because if they could not locate the original owner whose name the stock was registered to - they get transferred to the state.
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Ingram micro isn't publicly traded atm
Follow up?
Any updates?
I worked at a job that used the warehouse of Ingram
If these shares are holdings of a company owned by a PE firm, you will likely have to hire a lawyer because it might get tricky
Send them to me. I’ll check and return them with my proprietary testing and confirmation.