"Pulling certs" on a penny stock, is one of the worst moves any investor to make, after Penson caused so many problems for Clearing Houses, not many Brokers even want pennies on their books, but CERTS are extremely difficult and highly costly to get cleared for resale
Your average Discount broker doesnt NOT accept penny certs and most full service brokerages charge HUGE fees
example NON-DTC cert $1000 fee
These Factors Can Make it Tougher
You’re a company insider – officer, director, 10% shareholder or otherwise exercise control. You’re a stock promoter, IR consultant, financial newsletter or website writer. The company has a history of name changes, industry changes or securities problems. Company management or large shareholders have a record of prior securities violations or serious legal infractions. Stock ownership is concentrated in few hands. The company’s public financial disclosure is of poor quality or quantity. Your stock came from a debt to equity conversion. (Extra tough.)
HERE IS SOME GOOD INFO ON PENNY STOCK CERTIFICATES>>>>