From: JTWILSONX1@aol.com [mailto:JTWILSONX1@aol.com]
Sent: Thursday, February 19, 2004 5:03 PM
To: cfletters@sec.gov
Subject: Re: Proposed "Restrictions on Naked Shorting"


I am the president of an issuer (Imperial Petroleum, Inc. on the OTC BUlletin
Board and have recently been advised that the SEC and NASD have passed
regulations to end the practice of "Naked Shorting", which most assuredly
affects most OTCBB stocks at some point in time.  I applaud the SEC and NASD for
their action in this matter.

In speaking with several NASD member firms there seems to be some uncertainty as
to whether the action applies only to NASD member firms or whether this action
will stop all "Naked Shorting". Can you give me a better understanding of the
impact of this regulation? Will Canadians and other offshore entities be able to
continue in this practice? Will "wholesalers" be able to short these stocks
without filling actual orders from third parties? Thanks for your attention and
time.