From: John Nemerovski
Sent: March 9, 2007
Subject: File No. S7-25-06

Dear SEC,

Please keep the minimum net worth for an accredited investor at $1,000,000. It's totally unfair to those of us who have less than $2.5 million to be excluded, because we are savvy investors who have done very well with private fund investing.

Thank you.

John Nemerovski
Tucson, AZ