Subject: File No. S7-08-20
From: Tassos Chrysostomidis
Affiliation: Business development director of Stellar Acquisition III Inc.

July 14, 2020

I cannot see any benefit from this reporting threshold change. It will substantially limit transparency, without providing any benefit to anyone.
On the other hand the current reporting threshold provides valuable insight both for listed companies to follow the holdings of their shareholders and investors to identify trends.