>My question is this: Why ask people to pull their stock certificates and send them?<
Actually, they have yet to provide data on where and how to send the certs. At this point the only effect that pulling certs has is reducing the tradable float.
While individuals may not be aware of just how many certs have been pulled, as they have no access to those figures, you can bet your bippy that the market makers do.
At this point it's all pie in the sky. Watch what happens when the 1st trade is made on the PDR exchange.
Getting the PDR exchange up and running is probably a very complicated thing to do.
Unfortunately MT gave a 30 day timeline for it. Again this adds to the problem of setting a date and not coming through. But like I mentioned, (IMO) it is probably hard to get running and debug. Then add all the testing …ect In this case IMO he deserves a pass.
As for pulling certs, nobody is required to do so at this time. Some have, but I think that many have not until there is actually a place to send them to.