Tuesday, March 15, 2011 8:12:27 PM
It sounds like you have a certificate for 10,000 old shares of RRCG, which FORWARD split on 9/16/2006 and became 40,000 shares of RRGI.
You would have to surrender that certificate, good for OLD shares of stock, to the company's Transfer Agent to arrange a certificate for 40,000 shares of RRGI, if you wish to hold in certificate form. There will be a cost to do this. The Transfer Agent can help with that (if they still represent the company, and that's doubtful, keep reading).
If your dad still has a brokerage account, you might try to see if his broker/dealer will accept the certificate in his name and help you make arrangements back into street name into his brokerage account. But the problem is this: with grey market stocks, you have a tough time finding a broker to accept the certificates to convert them from the shareholder's name back to street name. It would be nearly impossible to find a broker/delaer to accept them.
This web site http://www.otcmarkets.com/stock/rrgi/quote indicates that the transfer agent for the company was last known to be Manhattan Transfer Registrar Co. and their contact information is as follows:
Manhattan Transfer Registrar Co.
57 Eastwood Road
Miller Place, NY, 17764
631-335-3128
http://www.streettransfer.com
status@manhattantransfer.com
The "OTC Markets" web site is operated by the quotation service that assists with quotation of grey market stocks, like RRGI. So they are the official public source of information on the stock.
You will notice that the company is out of contact with them. So it's a what is politely called a "zombie stock" -- among the living dead (but just barely -- the grey market is the lowest tier of the stock world).
================
Now, having said all that, you have 40,000 shares of a stock that last traded at .0001 per share. That's potentially worth $4.00. Plus fees and commissions to trade, which makes the shares worth less than zero to you.
It's trade activity is posted at the end of each day, and is occasionally traded, unsolicited, on the grey market, with no published bid or ask by any market participant.
The commissions and fees -- the cost -- to get those shares trading will be far more than $4. And if you got them into a brokerage account somehow, you couldn't trade them, most likely, because there is no market for the stock.
In other words, the shares are basically worthless.
You could save them as a novelty item, if the certificates are attractive. That's about it.
Some reference material on the stock reorganization is below.
Good luck.
=================
NAME/SYMBOL CHANGES
DL Date Date Old Symbol/Name New Symbol/Name
9/18/2006 9/19/2006 RRCG Reality Racing, Inc. Common Stock RRGI Reality Racing, Inc. New Common Stock
http://www.otcbb.com/asp/dailylist_search.asp?DirectSymbol=RRCG&OTCBB=ALL
13:32 9/19/2006 RRCG Reality Racing, Inc. Common Stock RRGI Reality Racing, Inc. New Common Stock 4-1 F/S; Payable Upon Surrender **
http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=ALL&d=09/18/2006
http://www.otcmarkets.com/stock/RRGI/company-info
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