Subject: File No. S7-08-20
From: Bhavin Patel, Dr.

July 11, 2020

There should not no actual reason why this threshold should be increased. If this happens, expect a lot of market manipulation based on hedge fund play. By the public seeing the value of holdings on a quarterly basis, the individual investor can be assured of the amount of institutional ownership that is in a stock. That gives us confidence in our positions.