Regsho was suppose to cure NSS but IMO it still ex

Regsho was suppose to cure NSS but IMO it still exists in the OTC with very little oversight. IMO T+3 is BS and very rarely if never enforced in this cesspool! My bet is more T+3's turn into FTD's and the practice is still running rampant due to the greed factor.
NSS can effect the value of a companies stock in the form of double dilution when an MM/broker i.e. like Etrade excepts a trade but doesn't back it with a registered certificated share. For all we know instead of an EPS being based on a 1.6B OS; the OS is really equivalent to 2B due to NSS.
"Once the counterfeit-phantom stock trade is placed into circulation, it continues in circulation in the securities markets much like counterfeit bank notes continue in circulation after they are introduced into the monetary system. It thus has the effect of increasing the supply of stock available on the market for sale. The increased supply of stock, albeit counterfeit-phantom stock, generally has a depressing effect on the price of the genuine stock of the public company whose name the counterfeit-phantom stock bares. As alleged below, naked short sales of counterfeit-phantom stock harm investors holding genuine stock, investors who receive the phantom stock, and the public company whose stock is diluted with counterfeit-phantom stock."