From: Patrick Mitchell
Sent: March 16, 2007
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.


Patrick Mitchell
Sonnenalp Real Estate