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U.S. Securities and Exchange Commission

Author:  dawh@webtv.com at Internet
Date:    07/05/2000  7:35 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 19:35:19 2000,
The following information was submitted: 
Host: 209.240.200.83
submit_by = dawh@webtv.com
Name = David w. allen
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
They totally manipulate the stock and actually become investor day 
traders,driving stocks up or down at will, to line their own pockets. It is 
criminal what they are doing. Their should be a free market so that stocks can 
rise on their own merit. They are given by the SEC a license to steal and it is 
overviewed and sanctioned by the participatimg broker houses.They follow the 
same pattern on many,many stocks that I watch . They manipulate and control the 
rise and fall of the stocks thru the spread between the BID and ASK price. 
Anyone can see.... it is so obvious. Don`t understand why the SEC does not take 
action against these Robbers. The are stealing money from shareholders.   
     

Author:  rob@nucleus.com at Internet
Date:    07/05/2000  10:04 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 22:04:45 2000,
The following information was submitted: 
Host: 207.34.94.238
submit_by = rob@nucleus.com
Name = Robert Anderson
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  chandra.anderson@hughessupply.com at Internet
Date:    07/05/2000  8:50 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 20:50:20 2000,
The following information was submitted: 
Host: 64.217.250.179
submit_by = chandra.anderson@hughessupply.com 
Name = Chandra Anderson
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  leschan@swbell.com at Internet
Date:    07/05/2000  8:44 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 20:44:14 2000,
The following information was submitted: 
Host: 64.217.250.179
submit_by = leschan@swbell.com
Name = Lester Anderson
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  cgballas@ptd.net at Internet
Date:    07/05/2000  10:33 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 22:33:21 2000,
The following information was submitted: 
Host: 204.186.209.54
submit_by = cgballas@ptd.net
Name = chris ballas
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  bbeard60@hotmail.com at Internet
Date:    07/05/2000  5:53 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 17:53:49 2000,
The following information was submitted: 
Host: 209.246.181.95
submit_by = bbeard60@hotmail.com
Name = William F. Beard
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  katybeebe@hotmail.com at Internet
Date:    07/05/2000  9:02 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 21:02:17 2000,
The following information was submitted: 
Host: 216.161.191.196
submit_by = katybeebe@hotmail.com
Name = Mary K. Beebe
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  mblbm@aol.com at Internet
Date:    07/05/2000  10:01 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 22:01:36 2000,
The following information was submitted: 
Host: 205.188.197.186
submit_by = mblbm@aol.com
Name = bonnie bercu
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  c1026@pioneeris.net at Internet
Date:    07/05/2000  9:30 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 21:30:33 2000,
The following information was submitted: 
Host: 208.3.198.82
submit_by = c1026@pioneeris.net
Name = reg Colquhoun
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  cayman99@yahoo.com at Internet
Date:    07/05/2000  6:37 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 18:37:44 2000,
The following information was submitted: 
Host: 24.147.182.142
submit_by = cayman99@yahoo.com
Name = James Cullinane
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  macurtis@netdoor.com at Internet
Date:    07/05/2000  11:35 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 11:35:49 2000,
The following information was submitted: 
Host: 208.137.152.33
submit_by = macurtis@netdoor.com
Name = michael w. curtis
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  tunk@redconnect.net at Internet
Date:    07/05/2000  1:13 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 13:13:18 2000,
The following information was submitted: 
Host: 216.203.5.117
submit_by = tunk@redconnect.net
Name = bob Gibbons
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  rhallenbac@aol.com at Internet
Date:    07/05/2000  2:39 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 14:39:56 2000,
The following information was submitted: 
Host: 205.188.199.178
submit_by = rhallenbac@aol.com
Name = Richard Hallenback
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  houssam@home.com at Internet
Date:    07/05/2000  11:01 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 23:01:50 2000,
The following information was submitted: 
Host: 24.112.232.88
submit_by = houssam@home.com
Name = Houssam hennaoui
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  hennaoui9@home.com at Internet
Date:    07/05/2000  8:15 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 20:15:01 2000,
The following information was submitted: 
Host: 24.42.228.169
submit_by = hennaoui9@home.com
Name = ayham hennaoui
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  hess1963@aol.com at Internet
Date:    07/05/2000  9:41 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 21:41:20 2000,
The following information was submitted: 
Host: 152.163.201.203
submit_by = hess1963@aol.com
Name = Eric A. Hess
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  jeh@canby.com at Internet
Date:    07/05/2000  7:37 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 19:37:40 2000,
The following information was submitted: 
Host: 204.119.20.38
submit_by = jeh@canby.com
Name = John Hieb
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life       of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities    ociation must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that    ociation rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even       short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  rives770@bellsouth.net at Internet
Date:    07/05/2000  6:32 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 18:32:52 2000,
The following information was submitted: 
Host: 209.215.49.85
submit_by = rives770@bellsouth.net
Name = Russ Ives
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  paige@blueskynet.as at Internet
Date:    07/05/2000  4:18 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 16:18:10 2000,
The following information was submitted: 
Host: 198.77.67.5
submit_by = paige@blueskynet.as
Name = C. Paige Johnson
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  pkolasa@hotmail.com at Internet
Date:    07/05/2000  11:50 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 11:50:27 2000,
The following information was submitted: 
Host: 24.115.45.225
submit_by = pkolasa@hotmail.com
Name = Pawel Kolasa
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  jlombardozzi@mediaone.net at Internet
Date:    07/05/2000  8:49 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 20:49:20 2000,
The following information was submitted: 
Host: 24.218.221.26
submit_by = jlombardozzi@mediaone.net 
Name = Jack Lombardozzi
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  kma@home.com at Internet
Date:    07/05/2000  12:30 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 12:30:18 2000,
The following information was submitted: 
Host: 24.0.172.254
submit_by = kma@home.com
Name = MarcSLott
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
Marc Slott
     
     

Author:  clunday@hotmail.com at Internet
Date:    07/05/2000  2:05 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 14:05:41 2000,
The following information was submitted: 
Host: 143.209.238.78
submit_by = clunday@hotmail.com
Name = Chris Lunday
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  CGMac@aol.com at Internet
Date:    07/05/2000  8:43 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 20:43:43 2000,
The following information was submitted: 
Host: 24.4.254.17
submit_by = CGMac@aol.com
Name = Chris MacDonald
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  waitangi@gmx.de at Internet
Date:    07/05/2000  4:52 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 16:52:36 2000,
The following information was submitted: 
Host: 62.104.214.74
submit_by = waitangi@gmx.de
Name = Tom Mauri
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  p_a_mckenzie@yahoo.com at Internet
Date:    07/05/2000  5:42 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 17:42:40 2000,
The following information was submitted: 
Host: 166.62.169.79
submit_by = p_a_mckenzie@yahoo.com
Name = phil mckenzie
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  onaroll2@juno.com at Internet
Date:    07/05/2000  5:55 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 17:55:09 2000,
The following information was submitted: 
Host: 209.156.1.73
submit_by = onaroll2@juno.com
Name = Kay Mitchell
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  bobmonski@msn.com at Internet
Date:    07/05/2000  10:30 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 22:30:44 2000,
The following information was submitted: 
Host: 63.10.118.47
submit_by = bobmonski@msn.com
Name = Bob Monski
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter regarding proposed Concept Release (No. 
34-42037; File No. S7-24-99).  I want ALL investors to be able to short ALL 
stocks, especially otcbb stocks. Make it FAIR ! I want EQUAL FOOTING with market
makers.
     
Regulation needs to occur on the company end. Stop the flagent discounting of 
securities without notice.
Also the OTCBB needs to be FAIR in that the limit order protection rule should 
apply. Oftentimes market makers back away from their posted quote and take 15-30
minutes to fill orders.
     

Author:  LOllerman@aol.com at Internet
Date:    07/05/2000  1:46 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 13:46:41 2000,
The following information was submitted: 
Host: 152.163.207.189
submit_by = LOllerman@aol.com
Name = Leah Jo Ollerman
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  patrawhb@aol.com at Internet
Date:    07/05/2000  8:02 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 20:02:21 2000,
The following information was submitted: 
Host: 205.188.196.49
submit_by = patrawhb@aol.com
Name = Richard M. Patraw
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  jpenaflor_69@yahoo.com at Internet
Date:    07/05/2000  7:33 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 19:33:02 2000,
The following information was submitted: 
Host: 207.245.4.148
submit_by = jpenaflor_69@yahoo.com
Name = Jun Penaflor
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  petycash@bellsouth.net at Internet
Date:    07/05/2000  3:17 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 15:17:40 2000,
The following information was submitted: 
Host: 152.163.206.193
submit_by = petycash@bellsouth.net
Name = Adam Petty
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  valpri@aol.com at Internet
Date:    07/05/2000  7:41 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 19:41:15 2000,
The following information was submitted: 
Host: 205.188.197.152
submit_by = valpri@aol.com
Name = R.C.Pickett
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  broth@lanstar.net at Internet
Date:    07/05/2000  9:37 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 21:37:59 2000,
The following information was submitted: 
Host: 209.252.223.21
submit_by = broth@lanstar.net
Name = William L. Roth
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  Brians612@mediaone.net at Internet
Date:    07/05/2000  9:16 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 21:16:24 2000,
The following information was submitted: 
Host: 24.24.152.24
submit_by = Brians612@mediaone.net
Name = Brian G. Salemme
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  StocTrdr@aol.com at Internet
Date:    07/05/2000  1:46 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 13:46:08 2000,
The following information was submitted: 
Host: 152.163.207.189
submit_by = StocTrdr@aol.com
Name = David Joseph Schulte
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  jrsharp@telusplanet.net at Internet
Date:    07/05/2000  9:33 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 21:33:27 2000,
The following information was submitted: 
Host: 161.184.18.164
submit_by = jrsharp@telusplanet.net
Name = Roger Sharp
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  sjia@yahoo.com at Internet
Date:    07/05/2000  7:46 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 19:46:27 2000,
The following information was submitted: 
Host: 63.36.205.240
submit_by = sjia@yahoo.com
Name = giani smith
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  kaystill@gv.net at Internet
Date:    07/05/2000  7:21 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 19:21:25 2000,
The following information was submitted: 
Host: 207.159.62.80
submit_by = kaystill@gv.net
Name = Kay Stillwaugh
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept 
Release (No. 34-42037; File No. S7-24-99). It is known that the life blood of a 
small company is access to capital for creation and growth. It is also known 
that 
investors who place funds in such companies expect and deserve protection from 
fraud and manipulation. Small business is a critical building block for jobs and
     
wealth in our economy. MMs have steadily been selling more shares than they have
     
bought, defying the laws of supply and demand, solid company fundamentals and 
favorable company press releases, resulting in plummeting stock prices. The laws
     
of supply and demand have been denied and investors deprived of fair value. 
Meanwhile, the company valuation of stock has been greatly reduced and with it, 
access to investment capital for acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
     
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors.  
Section 15A(b)(6) of the Securities Act says that the rules of a national 
securities association must be designed, among other things to prevent 
fraudulent 
and manipulative acts and practices and to protect investors and the public 
interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) 
requires that association rules be designed to produce fair and information 
quotations, and to prevent fictitious and misleading quotations. In spite of the
     
intent expressed by these two sections of the Securities Act, and unlike the 
Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose short 
positions 
on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB 
stocks. This leaves the OTCBB listed companies prey to market manipulation on a 
scale only limited by the greed and imagination of the MMs. The MMs just keep 
selling the targeted companies stocks with the idea that they will never have to
     
produce real shares. Their apparent goal is to force the company to fail by 
depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
     
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
     
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  ldt@ragingbull.com at Internet
Date:    07/05/2000  10:28 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 22:28:51 2000,
The following information was submitted: 
Host: 142.165.224.159
submit_by = ldt@ragingbull.com
Name = Lorne Thomson
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  flatrate2000@hotmail.com at Internet
Date:    07/05/2000  10:31 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 22:31:03 2000,
The following information was submitted: 
Host: 142.165.224.159
submit_by = flatrate2000@hotmail.com 
Name = Kris Thomson
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  slicktran@hotmail.com at Internet
Date:    07/05/2000  2:59 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 14:59:51 2000,
The following information was submitted: 
Host: 63.212.132.116
submit_by = slicktran@hotmail.com
Name = Anthony Tran
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  RoyUrban@aol.com at Internet
Date:    07/05/2000  5:30 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 17:30:18 2000,
The following information was submitted: 
Host: 152.163.206.191
submit_by = RoyUrban@aol.com
Name = Roy Urbaniak
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  HnkV@aol.com at Internet
Date:    07/05/2000  7:15 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 19:15:09 2000,
The following information was submitted: 
Host: 152.163.213.53
submit_by = HnkV@aol.com
Name = Henry Vaillancourt
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  VANBROTHERS@AOL.COM at Internet
Date:    07/05/2000  12:57 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 12:57:42 2000,
The following information was submitted: 
Host: 205.188.197.29
submit_by = VANBROTHERS@AOL.COM
Name = WILLIAM E. VAN 
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  chazz4@hotmail.com at Internet
Date:    07/05/2000  2:30 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 14:30:56 2000,
The following information was submitted: 
Host: 24.48.26.3
submit_by = chazz4@hotmail.com
Name = Charles H. Waldbauer
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  fwhite42@yahoo.com at Internet
Date:    07/05/2000  12:36 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 12:36:43 2000,
The following information was submitted: 
Host: 209.27.75.100
submit_by = fwhite42@yahoo.com
Name = Fred White
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  pwial1@home.com at Internet
Date:    07/05/2000  9:09 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 21:09:13 2000,
The following information was submitted: 
Host: 24.2.9.37
submit_by = pwial1@home.com
Name = Peter Wial
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  zaneemilio@msn.com at Internet
Date:    07/05/2000  9:43 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 21:43:16 2000,
The following information was submitted: 
Host: 216.59.47.26
submit_by = zaneemilio@msn.com
Name = Emilio Zane
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  wabba@yahoo.com at Internet
Date:    07/05/2000  12:23 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 12:23:48 2000,
The following information was submitted: 
Host: 209.146.242.72
submit_by = wabba@yahoo.com
Name = wayne zelders
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99) 
Comments = PHXU
     
     
     
     
     
I am writing you this letter to show that I am in favor of the proposed Concept 
Release (No. 34-42037; File No. S7-24-99). It is known that the life blood of a 
small company is access to capital for creation and growth. It is also known 
that investors who place funds in such companies expect and deserve protection 
from fraud and manipulation. Small business is a critical building block for 
jobs and wealth in our economy. MMs have steadily been selling more shares than 
they have bought, defying the laws of supply and demand, solid company 
fundamentals and favorable company press releases, resulting in plummeting stock
prices. The laws of supply and demand have been denied and investors deprived of
fair value. Meanwhile, the company valuation of stock has been greatly reduced 
and with it, access to investment capital for acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  zequeira@yahoo.com at Internet
Date:    07/05/2000  8:55 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Wed Jul  5 20:55:36 2000,
The following information was submitted: 
Host: 63.24.0.93
submit_by = zequeira@yahoo.com
Name = Arturo V Zequeira
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation.