Subject: 15c211 rule
Author:  "Mike Williams" <mike@aztore.com> at Internet 
Date:    10/26/99 12:24 PM
     
     
Aztore Holdings invests in very, very small, i.e. nano-cap companies. We believe
these companies are the life blood of the new economy and are strongly opposed 
to the new rule.  The SEC has already given the NASD the excuse and tools to 
bludgeon small companies with their bureaucracy.  For example, if it makes sense
for companies to file form 10's to trade (we agree) why does the NASD get to 
review the form and why can they unilaterally use the power the SEC ceded to 
them to delay trading after the form is filed.  The SEC is conspiring with the 
NASD to limit the ability of small legitimate companies to raise money forcing 
them into the hands of the venture capitalists.  These guys are just bandits in 
expensive suits and can't be bothered with companies that need to raise $1 - 2 
million.  Ask yourself, how are companies to raise money when the NASD 
bureaucracies the bar higher then necessary.  If promoters lie in their filings 
arrest them.  Don;'t let the NASD abrogate their monopoly responsibility.  The 
US Capital Markets were build on the concept of disclose - NOT bureaucracy.  Why
are you letting the government approved monopoly control the new growth of small
companies just because they can not be bothered and apparently you have bought 
their plan that small companies are unimportant.
     
Please rethink the revision of the rule and get comments from real people not 
the NASD.