From: Michael Chesler
Sent: July 14, 2016
Subject: S7-06-16

Darkness needs to be outlawed. Any company that at one time or another sold stock to the public must continue to report to their shareholders. All public companies have a fiduciary duty to maximize shareholder value. Dark companies do exactly the opposite. The SEC is violating the public trust and inviting a class action suit. Anyone interested in suing the SEC for being complicit by allowing public companies use this loophole in the law, claim they have fewer than 300 shareholders when in reality the shareholder base could be thousands. The SEC has ignored and helped public companies violate the law. Investors need protection here and NOW.

Michael Chesler