From: william johnson [wekearny_00@hotmail.com]
Sent: Thursday, November 20, 2003 1:22 AM
To: rule-comments@sec.gov

From William Johnson at "wekearny_00@hotmail.com"

Subject:  File No. S7-23-03

This is a suggestion and request that you tighten the penalties for selling 
unregistered stock and illegal shorting without the proper borrowing of 
shares from the broker.  It has become a sad state of affairs for  bulliten 
board and otc stockholders.  The market makers just violate the rules with 
impunity.  I realize that the brokers making the markets in bb and otc 
stocks do not make the money made on the nyse and ase.  But, does this give 
them the right to destroy small companies when it is obvious that the shares 
being sold are nothing more than electronic entries into a computer?
Mr. Renbaum is the lead lawyer in your case against PCBM, Pinnacle Business  
Mgt., an otc company.  The case was dumped into a Federal Court in Florida 
and has sat there for almost a year.  What is the reason?  This was a viable 
company with promise until your people forced the resignation of the 
president and ceo.  30,000 shareholders are now and for almost a year held 
hostage to the case in the Florida court.  Meanwhile the stock has dropped 
to zero bid.  Please give the shareholders a break and move on the case to 
settle it?
The trouble started with either dilution by the company or huge shorting we 
the shareholders don't know which but you the SEC should.  Thank you for 
listening.  William Johnson.

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