Then 100 million would be illegal air shares and when the shorts cover they would also have to buy up the companys 100 million at whatever price they wanted. Certificates don't play into this. The T/A has a record of how many shares have been legitimately issued by the company, and that number rules.
What if all the longs on this board asked our brokers to deliver paper certificates...would it be possible to roll them all up and find out where we stand?
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