From: walt allen [bwallen@webneed.net]
Sent: Tuesday, March 30, 2004 5:49 PM
To: rule-comments@sec.gov
Subject: S7-19-03

As an individual retail investor, I wholeheartedly endorse and support proposed 
rule S7-19-03 for security holder director nominations. This type of reform is 
long overdue. Individual shareholders are always the last to profit from their 
shares and often don't even know what decisions are being made in the boardroom, 
much less have a chance to opppose them. At the top of my list of adverse 
practices is the practice of issuing stock options to executives, and then using 
corporate profits (shareholder money) to buy back the shares and then issue more 
options - a legal way of  looting the safe 
 
This new rule should be pushed through at all expense and resistance.
 
 
Walter Allen
BW Allen Company