I received an offer to buy some old stock that I have from a company New York Stock and Bond. Is this company legit ? I sent the paperwork and it's been two months. I've called twice and they give me excuses. Anyone heard of this company or done a mini-tender ??
some background...
The offer was a little below market, and I know that. But they offered to take the stock off my hands without me having to get a medallion signature guarantee. These medallion signatures are very very hard to get, and I'd have to take a half day off work to go to one of five places in LA that can do a medallion.
I own some stock shares directly-- not through fidelity or any other brokerage. They were given to me by a grandparent a couple decades ago, who was kinda still living in the 1950s. I've moved many times and lost the paper stock certificates. It's a small amount of stock, around $5k. It causes me a ton of tax problems because the original stock was bought by a Canadian company and pays dividends. Really I'd be thrilled to get rid of it with some kinda payout.