Subject: File No. S7-12-06
From: Gerard -- Wild, Mr

March 27, 2007

Allowing the past Fails to deliver(Naked Short Shares) to be forgiven is not fair to the shareholders who bought believing they were getting something of value, when in fact they were SWINDLED by the very same group of THIEVES that you(SEC)are authorized by congress to protect the investing public.DO YOUR JOB PROTECT THE INVESTOR.The SEC let this go on for to long, now the credibility of the SEC is in question.If the SEC thinks by letting these CROOKS get away without making restitution is the correct action,you are sadly mistaken.The general investing public is well aware of the GRANDFATHER CLAUSE watching how you respond to protecting the investors interest.