Author:  acexp1@worldnet.att.net at Internet
Date:    07/07/2000  6:01 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 06:01:33 2000,
The following information was submitted: 
Host: 12.74.9.115
submit_by = acexp1@worldnet.att.net
Name = Kay Abbott
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  johnalbrecht@earthlink.net at Internet
Date:    07/07/2000  7:23 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 07:23:24 2000,
The following information was submitted: 
Host: 147.154.232.5
submit_by = johnalbrecht@earthlink.net 
Name = John G. Albrecht
Professional_Affiliation = Information Systems
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  billy_bang@hotmail.com at Internet
Date:    07/07/2000  6:20 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 06:20:09 2000,
The following information was submitted: 
Host: 196.3.50.241
submit_by = billy_bang@hotmail.com
Name = Billy Bang
Professional_Affiliation = IT Manager
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  crystal.benfield@broughtonhospital.org at Internet
Date:    07/07/2000  9:10 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 09:10:05 2000,
The following information was submitted: 
Host: 204.211.9.249
submit_by = crystal.benfield@broughtonhospital.org 
Name = crystal benfield
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  bouffard@silcom.com at Internet
Date:    07/07/2000  9:09 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 09:09:19 2000,
The following information was submitted: 
Host: 207.71.192.253
submit_by = bouffard@silcom.com
Name = Mike Bouffard
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  brentjanice@parkcity.net at Internet
Date:    07/07/2000  7:41 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 07:41:07 2000,
The following information was submitted: 
Host: 63.79.78.55
submit_by = brentjanice@parkcity.net 
Name = Brent Brewster
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  CastleRuin@aol.com at Internet
Date:    07/07/2000  7:42 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 07:42:53 2000,
The following information was submitted: 
Host: 205.188.195.22
submit_by = CastleRuin@aol.com
Name = Judene Calandra
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  pk95150@aol.com at Internet
Date:    07/07/2000  7:50 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 07:50:37 2000,
The following information was submitted: 
Host: 208.25.121.57
submit_by = pk95150@aol.com
Name = Patrick Corr
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  sdecker14@home.com at Internet
Date:    07/07/2000  6:55 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 06:55:45 2000,
The following information was submitted: 
Host: 24.17.40.134
submit_by = sdecker14@home.com
Name = ShaunDecker
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  mdix@attitude.com at Internet
Date:    07/07/2000  7:08 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 07:08:05 2000,
The following information was submitted: 
Host: 165.235.95.1
submit_by = mdix@attitude.com
Name = Mike Dix
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  GREATBIZZ@BIGFOOT.COM at Internet
Date:    07/07/2000  8:29 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 08:29:28 2000,
The following information was submitted: 
Host: 205.188.200.202
submit_by = GREATBIZZ@BIGFOOT.COM
Name = NIKE D
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  mrmrsowl2@aol.com at Internet
Date:    07/07/2000  6:30 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 06:30:19 2000,
The following information was submitted: 
Host: 205.188.192.151
submit_by = mrmrsowl2@aol.com
Name = JEFFREY ESPREO
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  chbr@home.com at Internet
Date:    07/07/2000  9:03 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 09:03:29 2000,
The following information was submitted: 
Host: 24.64.2.37
submit_by = chbr@home.com
Name = Brian Gazzard
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  glowbug9@pacbell.net at Internet
Date:    07/07/2000  6:47 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 06:47:29 2000,
The following information was submitted: 
Host: 63.23.164.156
submit_by = glowbug9@pacbell.net
Name = Ken Globus
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  graphics@usa.net at Internet
Date:    07/07/2000  9:10 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 09:10:01 2000,
The following information was submitted: 
Host: 207.49.212.206
submit_by = graphics@usa.net
Name = John Graham
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  vendit@home.com at Internet
Date:    07/07/2000  9:09 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 09:09:31 2000,
The following information was submitted: 
Host: 24.113.31.226
submit_by = vendit@home.com
Name = doron grill
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  dgross@microsoft.com at Internet
Date:    07/07/2000  8:55 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 08:55:47 2000,
The following information was submitted: 
Host: 131.107.3.74
submit_by = dgross@microsoft.com
Name = David K Gross
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
Perfect examples:  ECNC, TEXN, TXMC, ESWW 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  tomhaley@email.com at Internet
Date:    07/07/2000  9:12 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 09:12:25 2000,
The following information was submitted: 
Host: 207.235.116.159
submit_by = tomhaley@email.com
Name = Tom Haley
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  hedrickbc@aol.com at Internet
Date:    07/07/2000  9:10 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 09:10:20 2000,
The following information was submitted: 
Host: 209.146.33.200
submit_by = hedrickbc@aol.com
Name = Bradford C. Hedrick
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  lcfinc1999@home.com at Internet
Date:    07/07/2000  9:16 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 09:16:54 2000,
The following information was submitted: 
Host: 24.4.252.236
submit_by = lcfinc1999@home.com
Name = Clinton Herby
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     

Author:  okie@ragingbull.com at Internet
Date:    07/07/2000  6:41 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 06:41:31 2000,
The following information was submitted: 
Host: 24.67.224.13
submit_by = okie@ragingbull.com
Name = Andrew David Hill
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  markingii@home.com at Internet
Date:    07/07/2000  7:24 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 07:24:29 2000,
The following information was submitted: 
Host: 24.9.166.161
submit_by = markingii@home.com
Name = Marshall King
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  mark@mlsa.net at Internet
Date:    07/07/2000  6:53 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 06:53:21 2000,
The following information was submitted: 
Host: 38.36.1.184
submit_by = mark@mlsa.net
Name = Mark Lancaster
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  dusty57@iname.com at Internet
Date:    07/07/2000  7:47 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 07:47:35 2000,
The following information was submitted: 
Host: 207.149.27.25
submit_by = dusty57@iname.com
Name = Dusty Lane
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  ZILLYON@AOL.COM at Internet
Date:    07/07/2000  6:19 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 06:19:33 2000,
The following information was submitted: 
Host: 152.163.207.71
submit_by = ZILLYON@AOL.COM
Name = KEN LOUIE
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  jmacfarlane@mpmsco.com at Internet
Date:    07/07/2000  6:50 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 06:50:39 2000,
The following information was submitted: 
Host: 208.32.57.163
submit_by = jmacfarlane@mpmsco.com
Name = Jo Anne Mac Farlane
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  kmarcozz@aol.com at Internet
Date:    07/07/2000  8:36 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 08:36:04 2000,
The following information was submitted: 
Host: 152.163.201.79
submit_by = kmarcozz@aol.com
Name = karen l marcozzi
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  ian@national-color.com at Internet
Date:    07/07/2000  9:09 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 09:09:51 2000,
The following information was submitted: 
Host: 216.190.166.9
submit_by = ian@national-color.com
Name = Ian Maycock
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  jmc@netlinkcom.com at Internet
Date:    07/07/2000  9:22 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 09:22:32 2000,
The following information was submitted: 
Host: 206.146.96.246
submit_by = jmc@netlinkcom.com
Name = John T. McLaughlin
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = Can you tell me if the S.E.C. is checking into stock manipulation of 
market makers regarding B.B. stocks? It's horrendous. John McLaughlin
     

Author:  Herk_Man@hotmail.com at Internet
Date:    07/07/2000  7:45 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 07:45:04 2000,
The following information was submitted: 
Host: 38.30.79.44
submit_by = Herk_Man@hotmail.com
Name = Eric Meyn
Professional_Affiliation = Airline Pilot
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I will also be sending a copy of this letter to my Congressmen.  The 
actions of the Market Makers are indeed criminal and they fly in the face of the
American Dream.  I could care less what happens to my money as my real 
investments are in major market mutual funds but what the Market Makers do to 
the brave entrepreneurs out there trying to make it in this land of opportunity 
should not only be regulated but punished as well.
     
The following expresses my feelings in a more specific manner and is not my own 
work.
     
regards,
     
Eric Meyn
     
     
     
I am writing you this letter to show that I am in favor of the proposed Concept 
Release (No. 34-42037; File No. S7-24-99). It is known that the life blood of a 
small company is access to capital for creation and growth. It is also known 
that investors who place funds in such companies expect and deserve protection 
from fraud and manipulation. Small business is a critical building block for 
jobs and wealth in our economy. MMs have steadily been selling more shares than 
they have bought, defying the laws of supply and demand, solid company 
fundamentals and favorable company press releases, resulting in plummeting stock
prices. The laws of supply and demand have been denied and investors deprived of
fair value. Meanwhile, the company valuation of stock has been greatly reduced 
and with it, access to investment capital for acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  aaron_76@hotmail.com at Internet
Date:    07/07/2000  6:34 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 06:34:50 2000,
The following information was submitted: 
Host: 216.28.111.105
submit_by = aaron_76@hotmail.com
Name = Robert Moras
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  heriberto_murillo@yahoo.com at Internet
Date:    07/07/2000  9:24 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 09:24:18 2000,
The following information was submitted: 
Host: 192.152.140.9
submit_by = heriberto_murillo@yahoo.com 
Name = Mario Murillo
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  rianne3@aol.com at Internet
Date:    07/07/2000  7:26 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 07:26:30 2000,
The following information was submitted: 
Host: 152.163.213.202
submit_by = rianne3@aol.com
Name = karen patz
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  Carlton199@aol.com at Internet
Date:    07/07/2000  7:28 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 07:28:01 2000,
The following information was submitted: 
Host: 172.135.115.204
submit_by = Carlton199@aol.com
Name = Carlton R. Pennington Jr.
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  bpiranha@yahoo.com at Internet
Date:    07/07/2000  7:49 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 07:49:14 2000,
The following information was submitted: 
Host: 63.195.113.240
submit_by = bpiranha@yahoo.com
Name = Brian Perei
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  lcfinc1999@home.com at Internet
Date:    07/07/2000  9:18 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 09:18:19 2000,
The following information was submitted: 
Host: 24.4.252.236
submit_by = lcfinc1999@home.com
Name = Jim Phillipe
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     

Author:  Tkpinto@aol.com at Internet
Date:    07/07/2000  8:53 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 08:53:36 2000,
The following information was submitted: 
Host: 152.163.207.79
submit_by = Tkpinto@aol.com
Name = Thomas A. Pinto
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  prazuch@home.com at Internet
Date:    07/07/2000  7:56 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 07:56:06 2000,
The following information was submitted: 
Host: 63.24.250.18
submit_by = prazuch@home.com
Name = Thomas M. Prazuch
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  john_price55@hotmail.com at Internet
Date:    07/07/2000  7:46 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 07:46:00 2000,
The following information was submitted: 
Host: 216.199.4.57
submit_by = john_price55@hotmail.com 
Name = John R Price
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  lcfinc1999@home.com at Internet
Date:    07/07/2000  9:17 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 09:17:26 2000,
The following information was submitted: 
Host: 24.4.252.236
submit_by = lcfinc1999@home.com
Name = Richard Raabe
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     

Author:  EmpireOrlando@msn.com at Internet
Date:    07/07/2000  6:32 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 06:32:28 2000,
The following information was submitted: 
Host: 63.24.130.64
submit_by = EmpireOrlando@msn.com
Name = Thomas L.  Shirley
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  fstile1@aol.com at Internet
Date:    07/07/2000  7:18 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 07:18:09 2000,
The following information was submitted: 
Host: 152.163.204.191
submit_by = fstile1@aol.com
Name = fred spohn
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  lynn1880@ix.netcom.com at Internet
Date:    07/07/2000  8:05 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 08:05:44 2000,
The following information was submitted: 
Host: 209.146.133.57
submit_by = lynn1880@ix.netcom.com
Name = Linda Tarbox
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  udo69@ragingbull.com at Internet
Date:    07/07/2000  6:53 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 06:53:56 2000,
The following information was submitted: 
Host: 216.66.132.126
submit_by = udo69@ragingbull.com
Name = Matt Taylor
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  maxthomas@hotmail.com at Internet
Date:    07/07/2000  7:41 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 07:41:07 2000,
The following information was submitted: 
Host: 205.204.186.1
submit_by = maxthomas@hotmail.com
Name = max thomas
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  mikesr@trailer.net at Internet
Date:    07/07/2000  7:32 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 07:32:59 2000,
The following information was submitted: 
Host: 64.82.85.10
submit_by = mikesr@trailer.net
Name = Michael B. Tobias
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
PLEASE HELP US NOW!
     
     

Author:  sire024@yahoo.com at Internet
Date:    07/07/2000  9:05 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 09:05:07 2000,
The following information was submitted: 
Host: 156.153.255.195
submit_by = sire024@yahoo.com
Name = Ron V.
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  jgvignola@yahoo.com at Internet
Date:    07/07/2000  7:35 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 07:35:14 2000,
The following information was submitted: 
Host: 216.164.183.168
submit_by = jgvignola@yahoo.com
Name = James Vignola
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  mike_wallace11@hotmail.com at Internet
Date:    07/07/2000  6:08 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 06:08:53 2000,
The following information was submitted: 
Host: 196.40.31.173
submit_by = mike_wallace11@hotmail.com 
Name = Mike Wallace
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation. 
     
     

Author:  bay2water@aol.com at Internet
Date:    07/07/2000  6:25 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Fri Jul  7 06:25:39 2000,
The following information was submitted: 
Host: 152.163.206.202
submit_by = bay2water@aol.com
Name = H.A.Wiltshire
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing you this letter to show that I am in favor of the 
proposed Concept Release (No. 34-42037; File No. S7-24-99). It is known that the
life blood of a small company is access to capital for creation and growth. It 
is also known that investors who place funds in such companies expect and 
deserve protection from fraud and manipulation. Small business is a critical 
building block for jobs and wealth in our economy. MMs have steadily been 
selling more shares than they have bought, defying the laws of supply and 
demand, solid company fundamentals and favorable company press releases, 
resulting in plummeting stock prices. The laws of supply and demand have been 
denied and investors deprived of fair value. Meanwhile, the company valuation of
stock has been greatly reduced and with it, access to investment capital for 
acquisitions and growth. 
     
The MMs are supposed to provide a fair market trading mechanism, yet ,when they 
become invested through shorting, they actually have a vested interest in seeing
the price fall. This practice must be brought under some form of control. 
     
The Securities Act provides certain protective language as it relates to 
investors. Section 15A(b)(6) of the Securities Act says that the rules of a 
national securities association must be designed, among other things to prevent 
fraudulent and manipulative acts and practices and to protect investors and the 
public interest, and perfect the mechanism of a free and open market. Section 
15A(b)(11) requires that association rules be designed to produce fair and 
information quotations, and to prevent fictitious and misleading quotations. In 
spite of the intent expressed by these two sections of the Securities Act, and 
unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose 
short positions on OTCBB stocks. 
     
The MMs can short, even naked short, at will with no checks and balances on 
OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation
on a scale only limited by the greed and imagination of the MMs. The MMs just 
keep selling the targeted companies stocks with the idea that they will never 
have to produce real shares. Their apparent goal is to force the company to fail
by depriving it of working capital and discouraging investment. It is my belief 
billions of dollars are being stolen from investors in this manner. For the MMs,
it's a wonderful business; sort of like selling insurance, but never having to 
pay claims. They get the money, but have no expense or expectation of delivering
anything tangible in return. This unfair and counter productive practice cannot 
go on. 
     
MMs must be held accountable by requiring mandatory disclosure of MM short 
positions on all OTCBB listed stocks. In this manner, excessive shorting can be 
made known to the investing public, monitored for excess and corrected by the 
SEC/NASD. Then and only then can investors in these stocks be treated with the 
appropriate protection against fraud and manipulation.