All you lost was the convenience of an automated system.
And of course, itll be a shitload more work to operate now, as you need to build a relationship with each shareholder.
None the less, shareholders have a way to identify themselves to you, and you have a way to identify their holdings.
Good enough.
Your situation sucks, but playing it off like you can not do a thing without the GLBSE is laughable.
I would need to confirm with Nefario that they did once have the assets. I would hate for the codes to be passed around and people claiming double and triple. I'm sure Nefario would find this reasonable.
It's very easy, it's like an MtGox code, once someone gives it to you, you cross the code off your list, it has now been redeemed.
And if someone wants to use it twice? You will cover for the extra I hope?
Why would you let someone use it twice?
Stop pretending to be so clueless.