Author:  Lee <leeway@tisd.net> at Internet
Date:    12/13/1999  6:16 PM

Subject: S7-24-99

I am writing in regards to the proposed law concerning the short selling of 
OTCBB stocks
(Proposal S7-24 -99). The naked shorting of OTCBB stock should be eliminated. 
One of the main
reasons why "penny" stock are so volatile and risky is not solely because of the
companies
themselves, but because of rampant naked shorting mm's market movers and 
offshore brokers.
This activity goes unchecked everyday and must be dealt with accordingly. 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, suppressed or inflated 
artificially by
manipulation.
     
Sincerely
Lee Maltese
Edna Texas
leeway@tisd.net