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Kolster Radio Corporation - 1920's-30's dated Stock Certificate

Inv# RD1004   Stock
Kolster Radio Corporation - 1920's-30's dated Stock Certificate
State(s): Delaware
Years: 1920's-30's
Color: Brown, Olive or Blue

Stock printed by Security Bank Note Co. Scarce, Popular Topic! Available in Brown, Olive or Blue. Please specify color.

The Kolster Radio Corporation was an electronics manufacturer and distributor based in Newark, New Jersey, which went bankrupt in January 1930. It bore the name of its chief research engineer, Frederick A. Kolster. In June 1928, the Columbia Phonograph Company announced plans to market a radio receiving set built by Kolster Radio. The product was sold in the United States, Europe, and Japan.

Three receivers were appointed on January 21, 1930, to handle the failure of the company, which was located at 200 Mount Prospect Avenue in Newark. The business possessed considerably more assets than liabilities. However, because of overproduction, it suffered an inability to raise cash to fulfill its immediate obligations. Under a plan approved by receivers, the Kolster plant in Newark reopened after March 1930. The production facility fulfilled the completion of 15,000 partly built radio sets. These were sold to Kolster distributors for US$500,000. Read more at https://en.wikipedia.org/wiki/Kolster_Radio_Corporation

Condition: Excellent

A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.

Item ordered may not be exact piece shown. All original and authentic.
Price: $105.00