I totally agree NSS is fraud and with the repo agreements there is no way the current REG SHO resolves the problem.
I don't think just replacing with a new CEO will fix. It may fix the timeliness of filings and responding to SEC complaints but these are not the only issues. In addition, we need to see JV's funded also.
How does this fix the 42M NSS from the Berlin Exchange?
Budge-they weren't non-existent shares, they were insider shares. The brokerage was busted for failing to file suspicious trading reports with the NASD.
BUDGE , we don't know is CSHD is a scam or not. So how can you condone ILLEGAL naked SHORTING just on speculation alone. THAT IS NO EXCUSE. TWO WRONGS do not make a RIGHT ! And we donot know the OUTcome of CSHD and the investigations yet.
Thats a SCARY THOUGHT and a HUGE problem. NAKED SHORTING SHOULD NOT EXIST AT ALL EXCEPT FOR WHAT THE ORIGINAL RULES THAT IT WAS TO BE USED FOR !!