Date:    06/25/2000  10:28 PM
 
We OTCBB investors heatily thank you for these efforts - and ask you to PLEASE 
follow through and make them a reality...!!!!
     
************************************************************************
     
      SEC Concept Release:
      Short Sales 
     
     
Securities and Exchange Commission
     
17 CFR PART 240
     
Release No. 34-42037; File No. S7-24-99
     
RIN 3235-AH84
     
Short Sales
     
Agency: Securities and Exchange Commission.
     
Action: Concept release; Request for comments.
     
Summary: The Securities and Exchange Commission is seeking public comment on the
regulation of short sales of securities. In this release, we seek comment on, 
among other things: lifting the limits on short sales of exchange listed 
securities under advancing market conditions;providing an exception for actively
traded securities; focusing short sale restrictions on certain market events and
trading strategies; removing short sale restrictions on hedging transactions; 
revising short sale regulation in response to certain market developments; 
revising the definition of "short sale"; extending short sale regulation to 
non-exchange listed securities; and eliminating short sale regulation 
altogether.
     
Dates: Comments must be received on or before [insert date that is 60 days after
date of publication in the Federal Register].
     
Addresses: Persons wishing to submit written comments should send three copies 
to Jonathan G. Katz, Secretary, Securities and Exchange Commission, 450 Fifth 
Street, N.W., Washington, D.C. 20549-0609. Comments also may be submitted 
electronically at the following E-mail address: rule-comments@sec.gov. All 
comment letters should refer to File No. S7-24-99. Comments submitted by E-mail 
should include this file number in the subject line. Comment letters received 
will be available for public inspection and copying in the Commission's Public 
Reference Room, 450 Fifth Street, N.W., Washington, D.C. 20549. Electronically 
submitted comment letters will be posted on the Commission's Internet web site 
(http://www.sec.gov).
     
For Further Information Contact: Any of the following attorneys in the Office of
Risk Management and Control, Division of Market Regulation, Securities and 
Exchange Commission, 450 Fifth Street, N.W., Washington, D.C. 20549, at (202) 
942-0772: James Brigagliano, Alan Reed, or Michael Trocchio.
     
     
     
Respectfully,
     
John M. Hollen, EE
     
Consulting Engineer