You are correct the mm's would not be able to borrow your shares if you had the certs. But this might not be very beneficial to you. If there were a run up that did not last you would have difficulty selling your certs quickly.
IMO the company is doing what it can to reduce the naked shorts. Yesterdays PR about disclosure may be a warning to the mm's that the company is looking to see who owns all these shares and just how many there are.
Any stockholder holding in excess of 5% of the Company's outstanding stock, that being in the amount of 1,664,768,891 shares of the Company's Common Stock, is required to file a Form 15(g) with the SEC within ten days from their purchases. These stockholders will be required thereafter to file all and any of their purchases and sales of the Company's shares of Common Stock, within ten days from any such purchase or sale.
If the company continues to reduce the float as they say they will. The 5% number will also be reduced causing more individuals or groups to file.