Subject: ROYL v. RegSHO

July 9, 2008

I am a holder of ROYL. It has been on the SHO list for 16-17 days now. The price has been smashed and LVL 2 shows some peculiar swing action, 50k sold @ $9 then 50k bought @ $8.25 (examples only). There is low volume but considerable downward pressure. I am new to investing I opened my first account in Feb. 2008 and recently learned about RegSHO. ROYL was doing fine until addition to Russell 3000, then it starts getting toyed with. Can you please look into this and respond back to me and let me know what is going on? An investigation needs to be conducted into possible manipulation.


Quentin Reynolds