From: Mike Skillern
Sent: June 6, 2005
To: rule-comments@sec.gov
Subject: File No. 4-500


Greetings,

I wish to express our support of amending NASD Rule 3360 (SEC File No. 4-500) to require that broker dealers maintain a record of total "short" positions in all customer and firm accounts and report this information to the NASD for public dissemination of the short positions by security.

Quantum Bit (QBIT:Pink Sheets) urges you to protect the integrity of the American entrepreneurial system by prudently regulating the securities marketplaces as championed by R. Cromwell Coulson, the Chairman and CEO of the Pink Sheets.

Thank you for your attention.

Regards,

Mike Skillern
President
QBIT