From: Mhat McCane
Sent: July 21, 2006
Subject: Re: Reg SHO, File Number S7-12-06

Thank you for requesting comments on the proposed rule changes fot REG SHO. Following are my primary wishes to restore confidence in the Stock Masrket and the SEC:

1. Link delivery of shares to buyer to clearing of funds to seller and settle in three days or less. If shares cannot be delivered or bought in, cancel the transaction and return funds to buyer. Charge the seller with any transaction fee.

2. Eliminate the Grandfather provision - NOW.

3. Eliminate exceptions for market makers.

4. Monitor the short sale total to prevent more shares being sold than are issued by Company.