I ordered a stock "certificate" not too long ago for the BUNM shares that I own. I did it so that whenever there is a R/S or any other upset in this security, I KNOW that I can prove that what I own is actually there. In the recent R/M - R/S of TQWI into DVFA, there are many people who did not get their shares converted in two to three days like everyone else did because the brokers that they trade with were Short on TQWI and didn't have enough valid shares to exchange for the authorized newly-formed DVFA. They may never get them (??).
There is probably an enormous Naked Short inventory in this float pool, well beyond the documented list. The question is whether those who have already profited by selling these Naked Shorts will (through genuine fear of punishment) be forced to cover their shorts.
The point that I want to make is that if for any reason, you try to sell and your broker says, "I'm sorry but your inventory of BUNM is not covered by certified shares." What can you do?? Do you have real or counterfeit shares in your account today??
I KNOW what I own. It cost me $50 to have that insurance. It's a deductible expense at tax time and it's great insurance.
BUT, ...Listen up (!!) The certificate that I ordered was stamped with serial number 000034
That means that I am apparently only the 34th person to ever order the authorized version of this stock. That to me was amazing. As volatile as this stock is, and as heavily shorted as it is, ...that's crazy. My other certificates are numbered in the thousands or tens of thousands, ...and this one (BUNM) is number 34.
A word to the wise: Order the certificate today if you care about your investment.
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