Date:    07/03/2000  11:02 AM

Subject: Naked Shorting

From: Samuel Borkton
     
NAKED SHORTING IS LIKE PRINTING COUNTERFEIT MONEY
     
One of the main reasons why "penny" stocks are so risky and volatile is not 
solely because of the companies themselves, but because of the rampant naked 
shorting by market makers and offshore brokers. Market Makers should only be 
allowed to sell shares they have, not millions of shares that they don't 
have.  This has the same dilution effect with share price as counterfeit 
money has in our own monetary system.  This activity goes unchecked everyday 
and must be dealt with accordingly. I've personally have been burnt by these 
folks...let's make it fair for the ordinary investor!  
     
SEC Concept Release: 
Short Sales 
     
Securities and Exchange Commission 
     
17 CFR PART 240 
     
Release No. 34-42037; File No. S7-24-99 
     
RIN 3235-AH84 
     
Short Sales 
     
Agency: Securities and Exchange Commission.