Subject: S7-24-99 Author: "Robert Greer" at Internet Date: 11/20/99 12:30 AM Dear SEC, I am pleased to see the Security and Exchange Commission striving to obtain public opinion concearning short sales. Short sales are necessary to maintain market liquidity under certain market conditions, however short sales that are performed by market makers who borrow imaginary stock to sell to the public is by far a fair maket. I am pointing to the fact that market makers have been short selling shares, that don't exist, aka naked shorting. This occurs only in nonlisted securties commonly traded on the OTCBB exchange. When this occurs the security being traded becomes diluted, to the extent that any amount of buying will not move the securtiy in a postive direction. Q35. Should we consider extending short sale regulation to cover non-exchange listed securities? Yes, without a doubt short sale regulation should extend to cover non-exchange listed securities. Q36. If so, how should the new regulation restrict short sales? Does the current NASD short sale rule provide an applicable model for this purpose? Short selling should only be limited to the number of available shares in the public float. Naked shorting, the borrowing and selling of imaginary shares is dubious, scrupulous, and unfair to say the least. The current NASD rule on short sales should , without a doubt, be extended to the OTCBB market. Its my understanding that the SEC currently can not do anything about this until they (the SEC) has taken the proper steps to be able to regulate this matter. Its unfair to investors and its unfair to the comapany. Simply, this matter needs resolved, before more money is taken from the hands of unsuspecting honest investors and companies. And yes the Current NASD short sale rule would be suffiecient! If the SEC is the "investor's advocate" then this matter will be resolved. Thank You, Shawn Greer