Subject: File No. S7-12-16
From: Kermit Kubitz

August 31, 2016

The proposed exemption of companies with up to $$250 million in public float should be reviewed after 3 years to ensure that this size increase is not utilized to mislead investors or engage in inappropriate financial maneuvers. in addition, any related company that does more than $5 million of business with an overlapping ownership group should be reviewed