Subject: File No. SR-NASDAQ-2006-040
From: Don T. Seaquist

November 27, 2006

As a micro-cap company, we oppose the bundling of services to justify what we consider an exhorbitant 22% increase in our annual listing fees. We are unaware of any customers, including our own, who would accept such a large increase in the guise of value added services which we pay much less for in the course of compeittive bids.

We would support the SEC's rejection of NASDAQ's proposal.