Author:  Phil Hopper <phil_hopper@yahoo.com> at Internet
Date:    12/09/1999  10:45 AM

Subject: Proposal # S7-24-99

Dear SEC 
     
I am writing in regards to the proposed rule 
concerning the short selling of OTCBB stocks(Proposal 
# S7-24-99). The naked shorting of OTCBB stocks should 
be eliminated. Penny stocks are so risky and volatile 
not solely because of the companies themselves, but 
also because of the rampant naked shorting by market 
makers and offshore brokers. 
     
The abolition of naked shorting in conjunction with 
the requirements of being fully reporting will ensure 
a fair and equitable market for investors and 
companies alike, a market where a company's true value 
is reflected in the price and not distorted, 
suppressed or inflated artificially by manipulation. 
     
Sincerely, 
     
Phil Hopper
Chaffee, MO 
USA
phil_hopper@yahoo.com