It's always a jurisdictional thing. Perhaps it's just to trick people into thinking the tokens are somehow bound to the real world. people in other countries definitely seem to be very willing to trust these tokens.

i wonder if they are trying to compete with the one company that currently holds all the stock certificates. So best good faith case, these people are trying to disrupt the already centralized old company with a fresher(perhaps more tech savvy) new company?

But I just don't see how anyone could trust a company built around a shitcoin. Unless the founder is honest about the mission and the risks. And that it's not Bitcoin that people are buying but a share of a company.