InvestorsHub Logo
icon url

SharonB

03/08/06 10:37 AM

#39153 RE: gregg99 #39145

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

icon url

UR2W

03/08/06 11:40 AM

#39154 RE: gregg99 #39145

At the last SH meeting Mark ???? talked about cleaning the shares up, I think all REGISTERED shares to be collected to the Depository Trust????? O???? then new legal shares be redistributed back to their lawfull owners.
If a merger took place same thing could be accomplished or with a name change.