New City breaks Artshare story

September 20 , 1999

LOS ANGELES, CA -- The twenty Artshares should have arrived by May 17th.

Unfortunately, four months later, Patrick Boykin of Los Angeles still hasn't received the Shares he bought during the Artshare IPO last May.

Waiting for the Shares

Read the missing Postal Report

Boykin, a long-time friend of MacNeill, first contacted him in June after he noticed that the check which he used to pay for Shares 667-686 had cleared. "Patrick was rightly concerned that he hadn't received his Shares," MacNeill recalled.

The Shares had been shipped to Boykin in a 2-day U.S. Priority Postal envelope on May 13, 1999. So why did it take four months to declare the Shares missing? It was a busy summer for Boykin, and initially he thought that there was a possibility that the oversize package had been intercepted by his landlord.

Both parties decided to wait and hope for the Shares to turn up. However, after four months, these Shares are officially considered missing.

An isolated incident

I blame myself," MacNeill explains. "I should have used certified mail -- not just priority mail. In retrospect, I'm lucky that only one shipment was lost." According to MacNeill, the rest of the 100 plus IPO share shipments arrived at their proper destinations. "I just hate that it happened to a friend, and that so many Shares were involved."

Shares are still out there

MacNeill is still trying to track down the missing package through the U.S. Postal system. He is hopeful that the package will turn up and that the Shares can finally be delivered to Boykin. In the meantime, Boykin's check has been refunded.

If you have any information about the whereabouts of Shares 667-686, please contact Ben MacNeill at comments@artshare.com.

 

-- MediaNews