I wish that the SEC and DTCC would do a data dump that would show the morons for what they are.
The SEC clutches it's fear of creating any volatility like a security blanket, while allowing penny scammers to create massive upside volatility on empty shells.
Even the Balony Brigade hero C. Bud Burrell managed to burn $400 million in investor market cap while bleating "naked shorts" the entire time.
They should. But I doubt that it will satisfy the tinfoil hats.
From the "yeah sure" wing of NTT observers:
The New York Times maintains an advertising acceptability department whose staff members examine ads before publication to make sure they meet the paper's standards. The Times does not accept advertising that is misleading, inaccurate or fraudulent; that makes unfair competitive claims; or that fails to comply with its standards of decency and dignity. The advertising acceptability department can be contacted directly at (212) 556-7171 for questions or for a pamphlet containing detailed information on acceptability guidelines."
Next to Urban Casavant, I don't think you could find a better poster child than Altomare to carry this banner. The more exposure this scam gets, the easier it will be for the general public to recognize that people who play the "naked short seller" card are either REALLY stupid or REALLY crooked. In the long-run, the New York Times has done a very good thing by running that schlock advertisement.
That they pocket some revenue at the same time is just sauce for the goose.
The point about Times ad policies is well taken. Note the discrepancy between the number of employees in reality and in the ad.
Commenting by HaloScan
