Good point. When you are issued the Certificate, you have it sent to you, FedEx (included in the cost). You sign the back (endorse it, also authorizing them as your agent) and send it back to your broker and they deposit the shares back into your account, with the certificate in their vault. Trading is unaffected except for the time of transit when you are required to sign the cert. (a few days)
Standard procedure.
People, this is just good business practice and in this case it could also trigger an upward thrust in the pps if everyone did actually do it, …BECAUSE not all of the shares in our accounts are REAL and the Brokers have to provide authorized shares to be able to buy the certificate for you.
When you see the shares in your account, you assume the they're there and they are, ...but ask the people who still don't have their shares MONTHS after a R/S or Name Change ...they'll tell you how it works when the broker is SHORT and it just isn't important to them to cover you "within 60 days."
There are gazzillions of Naked Shorts here with BUNM and some of them are in YOUR account. NONE of them are in mine. Sorry but that's how it is.
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