Date: 06/21/2000 5:22 PM Subject: file number- S7-24-99 To SEC: Regarding Market Makers Shorting Stocks on OTCBB File No. S7-24-99 From: John Herby & Richard Raabe- 209 Pike Street,Covington,Ky 41011 859-291-9127 Business Owners- Printing Company & Investors in Small Emerging Growth Companies It is quite obvious to me and my business parter,Rick, that many market makers have large short positions in many of the OTC Bulletin Board stocks. It is to the market maker's financial gain to collapse the stock prices of most, if not all, of the OTCBB stocks that they have shorted. Taking a look at most OTCBB stocks since March,2000 the OTCBB stocks show that a very large majority of the stocks have dropped approximately 60 to 80 percent from their highs. I do believe that many of the big stock declines were related to the large short positions held by the criminal market makers. The market makers do not make a market that reflects any "true stock demand:, the only thing the market makers are interested in doing is to "crash" the stock's price in a downward movement which will enable the market makers to cover their large short positions at extremely low stock prices which allows the market makers a large profit on covering their short positions. Then after they have screwed most of the investors(by scaring most investors to sell because of the fear the market makers have induced with these artifically-induced low stock prices), they then will start the entire illegal process over again. I definitely am going to talk to my lawyer, my congressmen in Kentucky and probably the FBI to see if anything can be enacted to prevent the OTCBB market makers from having unlimited power on controlling the market by allowing unlimited shorting which they have taken to the "criminal level". I don't understand why the SEC allows this shorting to continue( the market makers don''t post short positions for public record and probably hide this from almost anyone including the SEC). The market maker's shorting is far worst than insider trading in my honest opinion. The market makers in the OTCBB market have created a monopoly market which they control for their financial gain, and not based on supply and demand on trades by honest investors who should determine the actual market price. One example of stock price manipulation(we own stock in Invest America- Stock Symbol- INVT). the market makers are dropping the price on sells of only 100 to 500 shares, but continual buying of 5,000, 10,000 share lots and even recently 300,000 plus share lot did not move the stock price upwards. The trading by market makers in Invest America indicate to me that several market makers have extremely large short positions and that the market makers are "acting in collusion" to drive the price of Invest America stock downward so to force investors to take their losses and get out of Invest America and then eventually the market makers will cover when they get the price low enough or have accumulated enough cheap shares to cover their large short position in Invest America. The market makers are artifically destroying Invest America stock price, but the market makers are running into a dilema because Invest America investors keep buying more stock than is being sold, so now the market makers are sitting on the stock at these low prices trying to play a waiting game and outlast Invest America shareholder's patience and drive the shareholders to sell out of this stock at extremely low prices. The market makers are nothing more but old fashioned gangster -styled crooks distorting investment dollars from honest investors who had no idea how rigged this game is in letting the market makers screw us honest investors. I say bullshit to these dishonest market makers and send them to hell if possible. The FBI needs to investigate the illegal practices of these market makers and put some of these crooks in jail where they belong. Sincerely yours, John Herby Richard Raabe