Ok, so whatever that is, its a bug in libmingw32

Report bugs to mingw folks :)

I tried

gcc -o scriptedmain scriptedmain.c  -s -Wl,-subsystem,console  -nostdl
+ib
[download]

Which avoid libmingw32 but this fails with

undefined reference to `___main'
undefined reference to `_printf'
undefined reference to `_printf'
[download]

Naturally -e ___main doesn't help anything

$ gcc -o scriptedmain scriptedmain.c  -s -Wl,-subsystem,console  -nost
+dlib -e ___main
c:/mingw/bin/../lib/gcc/mingw32/4.7.0/../../../../mingw32/bin/ld.exe: 
+warning: cannot find entry symbol ___main; defaul
ing to 00401000
[download]

So however you're supposed to work it, ask the mingw folks