You are confusing company apples with Frizzy oranges. Of course the company transfer agent can account for all the shares in cert form but he isn't disclosing that to Frizzy or anyone else except the company. Frizzy only claims to be able to account for 30 billion of those cert shares. We don't know who owns the rest or where they are. We do know that UC has given away certs for small amounts of shares from time to time so we don't have any way of estimating how many shareholders own the stock represented by the unaccounted for certs.
Boiled down - The cert share accounting by the T/A, which has not been disclosed, has nothing to do with the number claimed by Frizzel.
Market Data 
Markets 
AI
