Medinah Minerals (MDMN)

[jetpilot1101]

Here is a google search which lists some of those.

http://www.google.com/search?hl=en&source=hp&q=Dr.+Decosta+SEC&gbv=2&oq=Dr.+Decosta+SEC&gs_l=heirloom-hp.3...241.3331.0.4860.15.14.0.0.0.0.350.2394.2-9j1.10.0...0.0...1ac.1.15.heirloom-hp.k7Zk5rYOT2w

Lets be clear before we begin debating NSS, he is clearly talking about "micro-cap companies" (read: pinks, OTC, etc.) and not listed companies on major exchanges.

If I was currently naked short thousands of micro cap companies and had billions of dollars at risk and I saw the Reg SHO proposed ruling coming at me I think I would also play the "It's a good cure for pump and dumps" card. What other cards are there to play in justifying the killing of thousands of U.S. micro cap corporations and the investments made therein by tens of millions of U.S. citizens? At a casual glance, it might make a little sense that naked short selling would be an appropriate antidote to "pump and dump" frauds but with further scrutiny this theory doesn't hold water. Part of the problem is that being a genuine compassionate "shareholder advocate" just does not pay very well and therefore you don't see much of this activity from naked short sellers or Internet bashers for that matter.

He got the evil B word in there as well.

As each day goes by, the investment losses pile up, another handful of micro cap companies go bankrupt, and the inevitable loss in investor confidence once this little "industry within an industry" is exposed increases.

http://www.sec.gov/rules/proposed/s72303/decosta122203.htm

all the way at the bottom of this long missive.

We thank you for this opportunity to help address this massive fraud being perpetrated on U.S. micro cap investors and look forward to working closely with you on its solution.

Yes, he is talking about penny stocks.

BTW, want to shut down the fraud, shut down the exchange and don't allow non-SEC filers to trade.