From: John polanskey [john@venturalink.net]
Sent: Sunday, March 16, 2003 4:41 AM
To: rule-comments@sec.gov
Cc: John polanskey
Subject: S7-04-03: 

Thank you for the opportunity to comment on this proposed rule change.  I strongly 
support anything that can be done to expedite administrative proceedings and 
resolution.  For example, I am a shareholder of PCBM (Pinnacle Business Management). 
Almost exactly one year ago the SEC filed a complaint against, and temporarily 
suspended the trading of, this security.  Trading resumed after 10 days, but the 
original complaint has remained over this security during the past year with no 
new information coming from the SEC to inform shareholders on the progress of 
your investigation, either about additional charges relating to a dramatic, 
undisclosed increase in shares issued or if the SEC has determined that the 
company officers are involved in selling unregistered stock into the public float.  
Many shareholders, including myself, have lost over 90% of their investment during 
the SEC investigation this past year.  Either the company is guilty of selling 
unregistered shares into the public float or this company and its shareholders 
are the victims of a predatory and vicious illegal naked shorting campaign or 
death spiral convertible manipulation.  The SEC must conduct its investigations 
thoroughly and expeditiously, including proposing timely and consistent settlements, 
so that information can be released to shareholders as quickly as possible.  Quick 
and decisive action, whether against company officers or against outside predatory 
shorters, is vital to restoring investor confidence.  P.S.-Can you provide any 
information to me regarding PCBM?  Please move toward all rule changes that will 
improve the timeliness of your administrative proceedings and encourage quick 
settlements.  Also, please stop the DTC in its attempts to thwart small companies 
from protecting themselves from shorters who are being aided by DTC's negligence 
in enforcing settlement and positive determination rules.  If the DTC is so certain 
that naked shorting is not rampant and killing small companies, then have them provide 
proof that it and all of its participants are adhering to positive determination rules 
and that "fail to delivers" are not simply being ignored.  Some PCBM shareholders, 
myself included, believe that the trading records will prove that small companies 
are being naked shorted in multiples of their issued and outstanding shares causing 
illegal dilution and that the DTC is protecting their interests, not the interests 
of private investors.  Thank you for taking quick and appropriate action.  

John Polanskey (PCBM shareholder & concerned small company investor)