From: Patrick Mitchell
Sent: March 16, 2007
To: rule-comments@sec.gov
Subject: File No. S7-25-06


To whom it may concern,

I have a problem with the new ruling being considered by the SEC regarding accredited investor requirements. I am not a wealthy person, but participate in the $25,000-$50,000 range in private equity offerings. This new law would mean I would not qualify as an accredited investor.

Thank you. Please reconsider this amendment.

Sincerely,

Patrick Mitchell
Sonnenalp Real Estate