Well that would be false as well, you can sell stock without a certificate on deposit as long as the TA has provided a letter stating a date in which delivery of certificate has been endorsed. SEC RULE 203 requires delivery of a certificate 35 days after the first sale is required for settlement.
Also the TA only deals with certificates they have issued or transfered, that doesn't include conversions authorized by the company and with an attorney opinion letter.
The information from a TA is often stale within a day, as they do not provide real time data.
VNDM is a known dilution broker dealer as the brokers that primarily use them are Scottsdale Capital and Alpine, they are just of a few brokers that accept these crap securities for deposit anymore. Thus making it easy to spot on L2 when VNDM, VFIN or BKRT are dumping shares by the boat load.