Subject: File No. S7-19-07
From: Peter G Maglaras

July 10, 2008

Please look into "naked short selling" of ROYL.On one day 9 Million shares were traded . ROYL has only 8 M shares available and 3 m shares are held by indiders.Of the rest i would think at least 1-1.5 million are held by longs like myself.How could 9 million shares be traded in day when there are only 3m to trade?