|

Picture Information

Image is loading
Image not available
Have one to sell? Sell it yourself

Details about  DREXEL-OWNED OIL STOCK - JUNK BOND SCANDAL- BASIC INTERNATIONAL (BAHAMAS) LTD

DREXEL-OWNED OIL STOCK - JUNK BOND SCANDAL- BASIC INTERNATIONAL (BAHAMAS) LTD
Get fast shipping and excellent service from eBay Top-rated sellers.

Find out more about the Top-rated seller program - opens in a new window or tab

100% Positive feedback
  • Consistently receives highest buyers' ratings
  • Ships items quickly
  • Has earned a track record of excellent service
Visit store:
Stocks&BondsGalore

Item Information

Item condition:
--not specified
Price:
US $8.99
Approximately C $9.71(including shipping)
 
 
 
100% positive Feedback
Free Returns
Shipping:
US $25.00 (approx. C $27.00) USPS First Class Mail Intl / First Class Package Intl Service | See details
See details about international shipping here.  help icon for Shipping - opens a layer
 
Item location:
Quinton, Virginia, United States
 
Ships to:
Worldwide See exclusions
Delivery:
Payments:
International shipping and import charges paid to Pitney Bowes Inc. Learn More- opens in a new window or tab
Returns:
14 day money back, seller pays return shipping See details
Coverage:
eBay item number:
111373852977
Seller assumes all responsibility for this listing.
Last updated on  Jun 05, 2014 15:28:32 EDT  View all revisions

Item specifics

Company Type:

Oil

 

NOW ON SPECIAL

CLOSE-OUT SALE

AT 30% OFF

FOR ONLY $8.99!!!


A Collectible Certificate from

BASIC RESOURCES INT'L (BAHAMAS) LTD

owned by

DREXEL-BURNHAM-LAMBERT !!!

Here's a Very Interesting Piece of History.

Remember the JUNK-BOND SCANDAL that shook Wall Street and the Whole Financial Market back in the 1980's?

If not, just do a Web-Search for Drexel!

If you don't want to bother, here's enough particulars to get you started.  MICHAEL MILKIN - the True "Power Behind the Throne" in this Corporation - excelled at Finding Companies that were Undervalued - so-called "FALLEN ANGELS" - and re-invigorating them through various questionable practices. 

Such "SPECULATIVE GRADE BONDS"

- West Shore Railroad (also available in my eBay Store) one of the Most Famous: Issued in the 19th Century they didn't come due until the year 2361 !!! -

were a Hot Commodity for a time Twenty Years Ago but soon came to be known as "Junk Bonds".

This was a time when the terms

"Corporate Raiders" and

"Hostile Takeovers"

first came into Common Usage, so if you've heard those phrases you have in a sense heard of this whole affair.  

The Scandals involved broke open in 1986 - just one year after this Certificate was issued by a Petroleum Research Company (often mentioned in the same breath as Exxon, Shell, and Texaco) and purchased by Drexel.

So it has immense Collector's Value

and Historical Interest!!!

Talk about a Keepsake that is well worth framing and putting in that special place on your wall!

And that's not all!

The Certificate itself is a beauty!  Highlighted by a bold, deep-green color (reminiscent of Ecology but also Greenbacks) and featuring an extremely attractive Vignette of a Young Woman striding purposefully along a River amongst Wooded Hills!

It would make a wonderful pair with the 1870s Railroad Warrant from Kidder Peabody - later associated with the same scandal - also available from my eBay Store!

You really need to see it Up Close !

TO ACCESS A PAGE OF

HIGH RESOLUTION IMAGES

GO TO MY eBAY STORE !!!

Click the Link >>>My Stores Logo

 

This Stock is in Excellent

NEARLY PRISTINE

Condition

CRISP AND CLEAN

and is just like the one you see. 

You can pay a lot of money for this Certificate - and it's certain to increase in Collector's Value - but it's yours right now at

the LOW, BUY-IT-NOW PRICE of $12.99 !

The same certificate sells for a lot more than that elsewhere on line outside of eBay and for possibly twice that at a specialty store in Manhattan.

[The Certificate you receive was made out to the

Prestigious Wall Street Firm

DREXEL BURNHAM LAMBERT

with Reg. No. 080263 and dated February 27, 1985It measures 8 inches by 12 inches.  It has a couple of minute pinholes that do not touch the main portion of the vignette and has been punch-cancelled on the side but against a white background as shown that is hardly noticeable.  The printed cancellation off to the left may be aligned slightly different; otherwise, everything is the same.]


This was printed by Canadian Banknote

 

These Collectible Certificates are getting more and more scarce!

Yet this is a wonderful time to start learning more about this delightful source of some of the best of the ENGRAVER'S ART!

Let me take you on a Journey through the World of

MYTHOLOGY and SYMBOLISM that will be

Entertaining as well as Informative!

Be sure to come back as my Store increases its Inventory!

I will be adding dozens more very shortly!

 

Check out my other items!

AND

Be sure to add me to your favorites list!

[Note: These Certificates possess Collector's Value only]

 

So come along with me on a Delightful and Fascinating Journey through the Wonderful World of the Engraver’s Art – with more than A THOUSAND IMAGES and some Entertaining and Informative Commentary.

 

I’ve spent more than THREE DECADES teaching Literature and Symbolism at the University Level and want to convey some of my Excitement about this Subject to YOU!!!

 

 

For Updates on Future Listings

Click the Link and

Sign up for my FREE email newsletters



WORLDWIDE SHIPPING

IS GENERALLY AVAILABLE BUT PAYPAL REQUIRES OVERSEAS BUYERS TO SHIP BY REGISTERED MAIL, WHICH USUALLY COSTS - INCLUDING SECURE PACKAGING - ABOUT $18.00 FOR ONE ITEM.  IT IS STRONGLY RECOMMENDED THAT YOU PURCHASE SEVERAL ITEMS TO DEFRAY THE COST, BECAUSE THE REGISTRATION FEE IS CHARGED ONLY ONCE PER SHIPMENT.

THIS IS NOT MY POLICY, IT IS THEIRS.



IMPORTANT NOTE TO CANADIAN BUYERS: THE MAIL SERVICE IN CANADA HAS BECOME SO UNRELIABLE THAT PAYPAL REQUIRES REGISTERED MAIL FOR BUYERS AND SELLERS TO BE PROTECTED BY THEIR POLICY. SHIPPING TO CANADA IS NOW THE SAME AS FOR SHIPPING OVERSEAS. EBAY HAS NO OPTION FOR "REGISTERED MAIL" SO IT IS CALLED VARIOUSLY "EXPEDITED SHIPPING" OR "PRIORITY MAIL". I REGRET THIS CHANGE BUT IT IS NOT MY DECISION.


Shipping & payment

RECEIVE A 5% DISCOUNT
IF YOU PURCHASE $25 OR MORE
and 10% FOR $50 OR MORE 
(DOES NOT APPLY TO ITEMS ON SALE)
- CONTACT ME -


NOTE ALSO:

BECAUSE IT IS AN OPTION

INTERNATIONAL SHIPPING

(REGISTERED MAIL)

CAN NOT BE REFUNDED.


INTERNATIONAL CUSTOMERS

I WAS VERY SURPRISED TO DISCOVER THAT INTERNATIONAL SHIPPING RATES HAVE BEEN DOUBLED BY THE US POSTAL SERVICE.  THE COST OF REGISTERED MAIL HAS REMAINED THE SAME AT $12.95, BUT THE TOTAL COST HAS NOW JUMPED FROM $18.00 TO ABOUT $25.00!!!!  I FIND THIS APPALLING - AND YOU PROBABLY DO AS WELL - BUT IT IS TOTALLY BEYOND MY CONTROL.  EBAY AND PAYPAL STILL REQUIRE REGISTERED MAIL IN ORDER FOR YOU AND ME TO BE COVERED BY THEIR BUYER AND SELLER PROTECTION PLANS.

I APOLOGIZE SINCERELY FOR THIS EXTRA COST.  PLEASE MAKE SURE YOU WANT TO BEAR THAT COST AND ALSO REMEMBER THAT IT IS ONLY CHARGED ONCE PER SHIPMENT.  SO IT IS VERY IMPORTANT TO CONSIDER BUYING MORE THAN ONE ITEM TO HELP DEFRAY THE COST.

THANK YOU!!!

Questions and answers about this item

No questions or answers have been posted about this item.




Seller assumes all responsibility for this listing.

Shipping and handling

Item location: Quinton, Virginia, United States
Shipping to: Worldwide
Excludes: United Arab Emirates
Domestic handling time
Will usually ship within 1 business day of receiving cleared payment[newWindowTxt].

Return policy

Item must be returned within
Refund will be given as
14 days after the buyer receives it
Money Back
The seller is responsible for return shipping costs.

Payment details

Payment method Preferred/Accepted Buyer protection on eBay
Credit card or Pre-authorized Debit through PayPal
PayPal Preferred

Seller's payment instructions

Contact me for other payment methods.
time left
Current bid amount
+
Shipping amount
Bid Count
time left
current bid
shipping
bids
Approximately:
Current bid amount Approximately:
Shipping amount Approximately:
Import charges:
Import charges:
(estimated and based on max bid)
Your bid amount
Approximately:
Approximately:

OR

Your current max bid:
(Approximately:)
Increase your chances of winning by setting a higher bid now.
Let eBay place automatic bids for you  This opens a help overlay dialogue about automatic bidding.
How does automatic bidding work?
As other bids come in, eBay will automatically raise your bid in small amounts, up to your limit. Learn More. - opens in a new window or tab
Close button. This closes the help overlay dialogue.
, up to
By submitting your bid, you'll be committing to buy this item from the seller if you are the winning bidder.
By submitting your bid, you are committing to buy this item from the seller if you are the winning bidder. You have read and agree to the Global Shipping Program terms and conditions - opens in a new window or tab. Import charges previously quoted are subject to change if you increase you maximum bid amount.
By clicking Confirm, you commit to buy this item from the seller if you are the winning bidder.
By clicking Confirm, you are committing to buy this item from the seller if you are the winning bidder and have read and agree to the Global Shipping Program terms and conditions - opens in a new window or tab. Import charges previously quoted are subject to change if you increase your maximum bid amount.
Tell us what you think 
We've made a few changes to bidding.
Were these helpful?
Loading...
Bid layer is updating the contents.
Resume bidding, if the page does not update immediately.
d
h
m
s
day
hour
hours
FREE shipping
See item description
Approximately:
(Enter ##1## or more)
(Enter more than ##1##)
Your max bid:
You've been outbid. Don't let it get away - place another bid.
You've been outbid by an automatic bid placed earlier by another bidder.
You're the highest bidder on this item!
You're the first bidder on this item!
You're the highest bidder on this item, but you're close to being outbid.
This auction is almost over and you're currently the high bidder.
You're the high bidder on this item, but the reserve price hasn't been met yet.
You've been outbid by someone else.
You can still win! Try bidding again.
You've been outbid by someone else's max bid.
You can still win! Try bidding again.
Your bid wasn't accepted because it's the same as someone else's bid.
Try raising your max bid.
You're the highest bidder!
To increase your chances of winning, try raising your bid.
You're the first bidder. Good Luck!
You're still the highest bidder!
You increased your max bid to
Please enter your bid again.
Enter a valid amount for your bid.
Enter a bid that is the minimum bid amount or higher.
You have to bid at least
Sorry, you can't lower your maximum bid once it's placed.
This seller requires the buyer to have a PayPal account to purchase this item. Get a PayPal account here .
Your bid is the same as or more than the Buy It Now price. You can save time and money by buying it now.
Place bid
Review and confirm your bid
Bid confirmation
Increase max bid
Time left:
Current bid:
(approximately ##1##)
Your maximum bid:
(approximately ##1##)
Increase your maximum bid:
By clicking 1 Click Bid, you commit to buy this item from the seller if you're the winning bidder. Learn moreabout 1-click bid - opens in a new window or tab
day
hour
min
sec
days
hours
mins
secs
(approximately ##1##)
Winning bid:
Starting bid:
Close
Congrats! The auction has ended and you're the winner.
The auction has ended, but the reserve price was not met.
Sorry, the auction has ended and you were outbid.
Good news, you're the high bidder.
Sorry, you've been outbid.
You're the high bidder, but the reserve price is not met.
Please enter a higher amount than the current bid.
Maximum bids cannot be lowered once submitted.
Please enter a valid number.

Additional site navigation