Givntake....
to answer your question ill put it this way..
do not confuse short selling with counterfit certifagates,there are currently 9.5million shares in the public float for NNRF,of those short shares they must be borrowed so the shares outstanding should not exceed 9.5 million at any time.
Because NNRF was on the SHO list for so long it should tell the company they have more certifagate entillements than shares out,once the get on the OTCBB the cussip number changes and the certifigates get exchanged,once that happens there will be many people with out new certifagates,that IS NOT the individual investors problem,your broker now has to pony up those shares,go into the maket and buy them,this will create a short scweezz,if the stock goes to 10 bucks and my broker will not deliever my certs i will have him in court pronto,but what will likly happen is they will still let you trade your stock and the people short will have to simply have to buy back your counterfit certifagate to cover.
I suspect there is at least double the shares out there in the public float than there are shares,remamber TASR..they had almost 10 times the shares out when they got hit with the short scweezz,i think this problem will work itself out very soon,i also think the company expected to see the certifagates in black and white and don t realise its so deeply built into the trading system,and if its being done Broker to Broker these sells will not even show up on the daily volume,so we may not even know the true extent of the problem,and if caught the broker just pays a fine...its doing bussiness in america i guess,when the short scweezz happens as what happened with TASR it will be a shorters nightmare..
