Re: Illegally issued unregistered shares are counterfeit.
In brief, here's the process of issuing a certifcate:
~ Board of Directors meeting approving the issuance and quantity of shares. ~ Obtain an opinion letter detailing whether the certificate is free trading or subject to restrictions. ~ Give Board Minutes and Opinion Letter to Transfer Agent and Transfer Agent issues certificate. ~ Issued Certificate increases the OS.
So I'm having a problem where you're basing the assumption that the certificate is counterfeit!
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