maybe they should pass a law with penny stocks - you can only trade if you hold certs - create some kind of online cert holding company for the instant transfer of the certs to the broker when the share holders wishes to sell.
It wall also could be a place to see how many certs are outstanding (O/S) in any given penny stock - so these scam pennies can not gag the TA or claim NSS ....
certs could be set up as with the total A/S listed ~ and company must provide current info or no certs could be listed.
1)float certs 2)restricted certs 3)144 certs and so on ..
but if that happened, there would be no manipulation or scamming by the insiders in regards to the amount of stock ... so my plan could never happen ..lol
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