Ok I can agree with you on that and in one of my previous posts I clearly answered it with a link to back up my information. Shares can be retired and/or cancelled by the company. I'll re-post in case you didn't read the info I posted, not sure if you did and not trying to be smart with that last sentence either.
Retired stock is canceled according to the following rules. Securities that have been retired, or canceled, must be clearly marked with the word "canceled". Canceled securities must be kept in a dedicated, secure storage area. Transfer agents must keep a retrievable database of all canceled or destroyed stock. Finally, transfer agents must write and follow a set of procedures on how to deal with canceled or otherwise terminated stock. It is worth noting that the SEC does not mean to interfere with scripophily, but has to institute regulations in order to prevent fraud and theft of destroyed or canceled securities.
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