Exchanging Pixar Stock from Oneshare

[dandave]

For those of you who hold a paper share certificate of Pixar stock from Oneshare, are you going to hold onto it or send it in for Disney shares?
I have mine framed along with a Disney share. I really don't want to mail it in, but I hate the thought of losing out on the Disney shares. The paperwork they sent me said that my Disney "share entitlement and held dividends could eventually be transferred to the state as unclaimed property". Arrgg! I want to keep my beautifully framed but completely worthless Pixar certificate *and* get my Disney shares, but that's not an option unfortunately.

What are you all doing?

 

[momsully]

I am planning on keeping mine. I really like the certificate and mine is framed as well. If anyone has any other ideas I would love to hear them.

 

[BAREFOOTER]

The paperwork said "lost certificate" pay X amount" I think I will keep my stock certificate wth Pixar and pay the lost cerificate amount to claim Disney Stock.

 

[dandave]

Barefooter, That's an affidavit that you'll be signing, if you claim the stock lost or stolen. You'll be swearing and then you'll have to get it notarized. I don't know if that's such a good idea. I just would hate to go to jail and all. Call me chicken!

 

[Cheshire Figment]

Depending on how it is framed, you can remove it from the fram, go to one of the large office supply stores and have a very high quality color copy made and then frame the copy. Then you can send in the share.

 

[piglet33]

The paperwork said "lost certificate" pay X amount" I think I will keep my stock certificate wth Pixar and pay the lost cerificate amount to claim Disney Stock.

That's exactly what I did. I don't think you have to pay for the lost certificate if it's under 5 shares. I didn't so we'll see if I get notified that I owe them something.

Barefooter, That's an affidavit that you'll be signing, if you claim the stock lost or stolen. You'll be swearing and then you'll have to get it notarized. I don't know if that's such a good idea. I just would hate to go to jail and all. Call me chicken!

How is anyone going to know what it wasn't lost or stolen? Besides, the only reason we're keeping it is because we spent money to get that certificate matted and framed. We're not keeping it to try to cash it in again later. Mine is framed so well that there is no way that I can take it out without ripping something.

 

[dandave]

Cheshire Figment, You're a genious! I never even considered copying the certificate. The simplest things...

Anyway, I read your post with my first cup of coffee. I now have a bloody knuckle, but my certificate is out of the frame! Yay!! I'll attempt to copy it this week. Thank you so much for the idea!

For anyone else in the same boat, I'll tell you how I did it. I turned the frame face down on the kitchen counter, on a large dishcloth so as not to scratch the frame. With a very fine, very sharp paring knife, I started at the bottom left corner gebtly scraping underneath the brown paper. Be careful of your knife angle so that you don't scratch the frame. The adhesive gum is very thick, but still pliable. I removed all of the bottom paper to frame contact, all of the left side, and half of the right side. It helps to keep the paper out of your way, if you pull it back and scotch tape it to the counter.
Underneath the brown paper is a thick piece of cardboard attached to the frame with very tiny picture hanging nails. I used a pair of pointed pliars to pull each exposed nail out at the angle which it had been inserted. This is the point where I bloodied the knuckle, so be careful and patient. After all the visible nails are out, lift the frame off the counter slightly and push up on the glass. Then you'll be able to easily grasp the cardboard, and lift it up even farther gently and slowly. Then, push up on the glass again and you'll grasp a piece of white paper and the share that is matted within a paper frame. Pull it out at the corner that you have completey exposed- slowly, very slowly.
Voila!!
Now it just has to be copied. I can see that I shouldn't have too much trouble returning the matted copy to the frame. I have no intention of trying to put those tiny nails back in. They would make no difference to the finished product. Oneshare certainly did a good job framing that share.


piglet33, A share or two of stock simply isn't worth swearing to a flat out lie. I wouldn't even be able to enjoy the stock anymore, if I did that. But that's just me.

 

[drp4video]

I thouight we were buying the stock as an investment BECAUSE of the certificate, signed by Jobes, which could be worth a lot a 100 years from now. Standard Oil signed by Rockefeller is worth a lot. So if I don't cash in the stock, and get the disney certificate, will the certificate itself be worth anything in the future? who knows, but that is one of the main reasons I bought it. IF I send it in and get the disney certificate, then no pixar. I don't think a copy would be worth anything. I am confused.

Of course if you say it is stolen or lost, then you get the disney shares, but will the pixar original ever be worth anything in the future....still not sure what I am going to do. I only have one share, if I had more than one, maybe I would keep one and trade in the others...

 

[Chuck-PA]

The Pixar certificate will not be worth anything in the future.
Since Disney took over and is giving shares of Disney to the Pixar shareholder it will be deemed worthless in a specific amount of time.

It would only be valuable to a collector of old stock certificates who likes to collect them and put them on their wall.

If you do decide to keep the certificate for sentimental reasons, make sure you mark on the certificate that it is worthless. It will save future headaches for your heirs especially if they think it is worth something in the future and try to turn it into a stock broker for reasearch and a sale price.

On your note about signing an affadavit of lost/stolen certificate who will know, there is a database at the transfer agent (Bank) for Pixar who keeps a record of all certificates numbers and names issued to shareholders. So if you or a future heir tries to turn the certificate in for redemption it will be red flagged.

 

[Minnie's Mate]

I bought a framed share of Pixar for each of my two boys as birthday presents. They are hung on their bedroom walls. I understood you would received the shares of Disney stock regardless; this is the way it was presented on OneShare.

However, I have never received any information on how to redeem the Pixar stock for the Disney stock. My intention was to have a framed cirtificate of the Pixar stock and receive a cirtificate of Disney stock (even if I had to pay the difference in value for the shares even though I paid twice the value of today's current Disney value for the Pixar) and have the Disney certificates framed to match the Pixar.

Also, if the stock is turned into the owner's state of residency at some point as unclaimed property, couldn't you claim it then? I mean the state has to go through a process to try and locate the rightful owner of the property before it can dispose of it doesnt' it?

 

[garnett21k]

That kinda sucks now because the stock certificate ended up being a highly sought collectible worth between $350-$600. As far as the signatures, they are facsimile only, but still pretty darn cool.