July 17, 2008
Dear Sirs and Ladies
I am writing to strongly urge that regulations be implemented to stop the practices known as "naked short selling". Allowing broker-dealers to fail to deliver shares at end of day is simply not acceptable and is a loop hole which has become a substantial tool in the manipulation of stock prices by hedge funds. These practices which effectively allow the sale of a share which does not exist, are unfair and detrimental to investors, and in many cases lead to the absolute failure of junior companies. Please, take action against this with extremly strong penalties that no market participant will take lightly.