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Re: gregg99 post# 39145

Wednesday, 03/08/2006 10:37:00 AM

Wednesday, March 08, 2006 10:37:00 AM

Post# of 341719
OT: Regarding NSS. To my knowledge there has not been one instance of a buy-in as a result of RegSHO. The best and most data available regarding a single company is OSTK. It is an interesting situation and the subject of a lot of positive and negative news because of Dr. Byrne; the CEO and his quest for justice and transparency. The entire float has traded over 5 times the available shares in a single day. He knows who the major shareholders are and their holdings. All he has to do is subtract that known quantity, and they are mostly family and close associates. These holders are solidly in the long camp and are not selling.

There are a few web sites available that support the folks who believe NSS is a problem of major proportions and those that do not. Just do a google for naked short sales and you will have enough reading for months.

I am an activist and have communicated with Chairman of the SEC Cox, the Chairman of the Senate Banking Commission, State Senators and Attorney Generals, The FTC, and others. I went on record during the discussion about RegSHO before it was implemented with my suggestions. I currently have a request for information under the Freedom of Information Act regarding the trading data for another stock for a single day last February which is also on the FTD list.
Good Luck,
SharonB