Netcentives Stock Certificate - Scripophily
This Colorful Specimen is a very rare stock certificate.
Specimen Certificates are actual certificates that have never been issued. They were usually kept by the printers in their permanent archives as their only example of a particular certificate. Sometimes you will see a hand stamp on the certificate that says "Do not remove from file".
Specimens were also used to show prospective clients different types of certificate designs that were available. Specimen certificates are usually much scarcer than issued certificates. In fact, many times they are the only way to get a certificate for a particular company because the issued certificates were redeemed and destroyed. In a few instances, Specimen certificates we made for a company but were never used because a different design was chosen by the company.
These certificates are normally stamped "Specimen". Most of the time they don't have a serial number, or they have a serial number of 00000. This is an exciting sector of the hobby that grown in popularity and realized nice appreciation in value over the past several years.
Netcentives Inc.
San Francisco-based Netcentives Inc. was a provider of personalized email, rewards and recognition solutions. The company offered a broad suite of offline and online products including email communications, sales force incentives, loyalty and rewards solutions for retail and financial institutions. Netcentives tried to differentiate itself through its integrated marketing approach, which included experienced client service teams, leading-edge technology and expert consulting. More than 300 companies partnered with Netcentives to drive their revenue and reduce costs.
On Sept. 12, 2001 Netcentives Receives Nasdaq Delisting Determination SAN FRANCISCO, Sept. 12 -- Netcentives Inc.(TM) (Nasdaq: NCNT) today announced that it has received a letter from Nasdaq dated September 5, 2001, informing the Company of Nasdaq's determination to delist the Company from trading on the National Market based on non-compliance with the $1.00 minimum bid price requirement for continued listing set forth in Nasdaq Marketplace Rules 4310(c)(8)(B). The Company will not file for an appeal and will be delisted from the Nasdaq National Market at the opening of business on September 13, 2001.
On Dec. 12, 2001 -- As part of their jointly administered Chapter 11 bankruptcy proceeding, Netcentives Inc., (OTC Bulletin Board: NCNT.OB) Post Communications, Inc. and MaxMiles, Inc., all of San Francisco, announced that as of December 7, 2001 all business asset sales have closed. .
The stock was trading at $80 is December 1999 and in September 2001 it was down to $.02.
The Dot.com Disaster..!!
Documents from short-lived Web companies are a contemporary commodity. With the introduction of the Internet, hundreds of start-up companies sold shares of their stock and millions of investors purchased these shares. But in the blink of an eye, many of these dot com companies went out of business. Importantly, most of the dot com shares were traded electronically and, thus, very few hard copy paper stock certificates were issued. Collectors of the limited number of issued certificate shares will have a rich return on their investment.
Additionally, a growing number of investors and collectors have expressed interest in obtaining the defunct shares as reminders of the roaring, heady days of the Internet bubble - and the mistakes made when it burst. Therefore, these dot com certificates are in very limited in supply and have become a collector's dream. We invite you to experience a piece of Internet history. Its significance will most certainly continue to increase as the current generation X-ers come to realize the value of this part of history.
