From: Jim Brodie [jbrodie@carrsecurities.com]
Sent: Monday, October 27, 2003 2:21 PM
To: SEC
Subject: Rule-Making Petition #4-483

CARR SECURITIES CORPORATION
14 Vanderventer Ave. suite 210
Port Washington, New York 11050
516 944 8300
www.carrsecurities.com


Mr. Jonathan Katz
Secretary, United States Securities and Exchange Commission
450 5th Street, N.W., Washington, D.C. 20549

RE: Rule-Making Petition #4-483,

Dear Sir,

       Please see the following item. This is yet another example of companies 
taking advantage of the trend of holding securities in street name. This also 
appears to be a case of management taking the value of the company away from 
the shareholder. This type of action is becoming nearly a day occurrence effecting 
millions of retail investors.

 From the prem. proxy..

      1)
     To approve amendments to SourcingLink’s Certificate of Incorporation, as 
amended, to effect a reverse stock split and cash payment of fractional shares 
followed immediately by a forward stock split. The reverse/forward stock split 
is proposed to terminate SourcingLink’s reporting obligations under the Securities 
Exchange Act of 1934, as amended. 
        
     (2)
     To approve the issuance and sale in a private placement to a principal 
stockholder, St. Cloud Investments Ltd., of 3,333,333 shares of SourcingLink’s 
common stock at $0.15 per share and a warrant to purchase up to an additional 
366,667 shares of common stock at an exercise price of $0.15 per share. 
        
     (3)
     To elect the following three nominees to serve as directors until the next 
annual meeting of stockholders or until their successors are duly elected and 
qualified: 
       
     Marcel van Heesewijk
     Johan A. Vunderink
     Louis A. Delmonico, Ph.D.
     
Whose best interest is this?

 If no choice is specified in the proxy, the proxy will be voted “FOR” (i) the 
approval of the amendments to SourcingLink’s Certificate of Incorporation, as 
amended, to effect the Split Transaction, (ii) the approval of the Private 
Placement, and (iii) the nominees for election of directors named in this proxy 
statement. 

RGDS,

Walter Carucci
President
Carr Securities

 

 

  



---------------------------------------------

Pursuant to the Securities and Exchange Commission and National 
Association of Securities Dealers requirements, all incoming and outgoing 
e-mail of Carr Securities is subject to review by the Compliance 
Department.

Carr Securities Corporation is not responsible for any recommendation, 
officiation, offer or agreement or any information about any transaction, 
customer account or account activity contained in this communication.