See that is where you are wrong. You can get the certs from your broker and do with them whatever you want. You can sell them to joe banana or one of the bunch off the floor. Then whoever buiys it just gives the certs to his broker when trading starts and cashes in big time. So when you say the stock cant be sold it shows how much you know. So like I said before if you wanna sell sell if you wanna buy thru the exchange then dont bother yapping about it and wait for it to start trading