Your broker is obligated by LAW to "pull certs" for you even if they are 'air shares', this will force NITE/SHORTS into a NASTY spot and that is one of the main reasons for getting your shares in a Certicate.
Maybe this is what all of us who own shares should do? I'm not sure if there is a cost involved in getting a broker to produce a certificate?
Or, maybe the company itself, as it has the float locked up will itself pull a certificate for 75% of the entire outstanding shares of the company forcing NITE Capital into bankruptcy - finally!
Lets presume that there are in fact 1bn outstanding shares, so if whoever owns 75% of them then tells their broker they want their broker to give them a certificate for 750m shares, that will force all party's who've been shorting to cover?