Comments on Proposed Rule:
Short Sales

Release No. 34-42037; File No. S7-24-99

Author:  alford1209@aol.com at Internet
Date:    07/08/2000  7:04 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 19:04:54 2000,
The following information was submitted: 
Host: 152.163.204.183
submit_by = alford1209@aol.com
Name = jimmy alford
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:  rockin60s@aol.com at Internet
Date:    07/08/2000  6:25 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:25:16 2000,
The following information was submitted: 
Host: 172.153.51.108
submit_by = rockin60s@aol.com
Name = Kirk Anderson
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. 
     
P.S. This is my own thought on the subject: In any society, when a person or a 
group of people are provided the opportunity to abuse their power, in most 
cases, they will do so, as long as they don't think they will get caught. This 
is simply the nature of the human animal.  Always has been, always will be. I'm 
a little investor.  Can I please get a break here? Is there anyone with the 
power to put constraints on the MM's, or do they basically call the shots?
     
     

Author:  cfrbb@eiu.edu at Internet
Date:    07/08/2000  7:11 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 19:11:37 2000,
The following information was submitted: 
Host: 216.43.28.172
submit_by = cfrbb@eiu.edu
Name = Roger B. Beck
Professional_Affiliation = University Professor, and 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:  tombell@xmission.com at Internet
Date:    07/08/2000  6:46 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:46:05 2000,
The following information was submitted: 
Host: 166.70.4.17
submit_by = tombell@xmission.com
Name = Tom D. Bell
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:  jerryvan@midlands.net at Internet
Date:    07/08/2000  7:12 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 19:12:39 2000,
The following information was submitted: 
Host: 207.177.53.35
submit_by = jerryvan@midlands.net
Name = gerard van de brug
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:  microbob@ragingbull.com at Internet
Date:    07/08/2000  6:30 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:30:21 2000,
The following information was submitted: 
Host: 24.28.58.47
submit_by = microbob@ragingbull.com
Name = Bob &Shirley Campbell
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = My wife and I are 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. 
     
Bob & Shirley Campbell
     
     

Author:  dlcaudle@aol.com at Internet
Date:    07/08/2000  7:21 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 19:21:52 2000,
The following information was submitted: 
Host: 205.188.196.57
submit_by = dlcaudle@aol.com
Name = larry caudle
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:  mandy2@gte.net at Internet
Date:    07/08/2000  6:28 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:28:37 2000,
The following information was submitted: 
Host: 63.14.103.183
submit_by = mandy2@gte.net
Name = Edmund Cichowicz
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:  bsd8659@aol.com at Internet
Date:    07/08/2000  6:18 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:18:57 2000,
The following information was submitted: 
Host: 152.163.204.18
submit_by = bsd8659@aol.com
Name = Brennan Dean
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:  doctorchek@aol.com at Internet
Date:    07/08/2000  6:17 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:17:15 2000,
The following information was submitted: 
Host: 205.188.197.152
submit_by = doctorchek@aol.com
Name = Harvey David Becker
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 MM's 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:  ray_dow@sunshine.net at Internet
Date:    07/08/2000  7:30 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 19:30:07 2000,
The following information was submitted: 
Host: 204.244.165.54
submit_by = ray_dow@sunshine.net
Name = Raymond J. Dow
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:  kateandrog@home.com at Internet
Date:    07/08/2000  6:57 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:57:09 2000,
The following information was submitted: 
Host: 24.4.252.9
submit_by = kateandrog@home.com
Name = roger farkas
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:  TPF@RAGINGBULL.COM at Internet
Date:    07/08/2000  7:33 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 19:33:05 2000,
The following information was submitted: 
Host: 207.214.148.241
submit_by = TPF@RAGINGBULL.COM
Name = TRACY FERGUSON
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:  lesta@swbell.net at Internet
Date:    07/08/2000  6:46 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:46:01 2000,
The following information was submitted: 
Host: 64.216.30.152
submit_by = lesta@swbell.net
Name = Lesta  Frank
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:  lfuri80@cs.com at Internet
Date:    07/08/2000  7:27 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 19:27:53 2000,
The following information was submitted: 
Host: 152.163.207.61
submit_by = lfuri80@cs.com
Name = Louis Fury
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:  mgodwin@bellsouth.net at Internet
Date:    07/08/2000  6:51 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:51:19 2000,
The following information was submitted: 
Host: 216.78.4.102
submit_by = mgodwin@bellsouth.net
Name = Charles D Godwin
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:  gunnsfamily@home.com at Internet
Date:    07/08/2000  6:32 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:32:35 2000,
The following information was submitted: 
Host: 24.114.144.94
submit_by = gunnsfamily@home.com
Name = Richard Gunns
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:  drhaines@aol.com at Internet
Date:    07/08/2000  6:57 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:57:44 2000,
The following information was submitted: 
Host: 152.163.207.78
submit_by = drhaines@aol.com
Name = David R haines
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:  jpham@mediaone.net at Internet
Date:    07/08/2000  7:12 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 19:12:33 2000,
The following information was submitted: 
Host: 24.128.168.237
submit_by = jpham@mediaone.net
Name = john hammond
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:  corby11@netzero.net at Internet
Date:    07/08/2000  7:24 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 19:24:38 2000,
The following information was submitted: 
Host: 63.23.232.65
submit_by = corby11@netzero.net
Name = Corbet Leon Harrison
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:  WAVESLIDER@AOL.COM at Internet
Date:    07/08/2000  6:14 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:14:40 2000,
The following information was submitted: 
Host: 205.188.198.156
submit_by = WAVESLIDER@AOL.COM
Name = JOHN C HILTON
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:  jisaksen@saber.net at Internet
Date:    07/08/2000  6:22 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:22:38 2000,
The following information was submitted: 
Host: 206.102.26.17
submit_by = jisaksen@saber.net
Name = Jeffrey Lin Isaksen
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:  rjordan@programmer.net at Internet
Date:    07/08/2000  6:45 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:45:11 2000,
The following information was submitted: 
Host: 209.252.108.75
submit_by = rjordan@programmer.net
Name = Robert Jordan
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:  joesr@cgocable.net at Internet
Date:    07/08/2000  6:33 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:33:36 2000,
The following information was submitted: 
Host: 24.141.33.173
submit_by = joesr@cgocable.net
Name = Joe Joseph Sr.
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:  rkarmi@aol.com at Internet
Date:    07/08/2000  6:35 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:35:59 2000,
The following information was submitted: 
Host: 172.152.232.124
submit_by = rkarmi@aol.com
Name = Robert J Karmi 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. Market Makers (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:  crowtf@hotmail.com at Internet
Date:    07/08/2000  6:46 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:46:41 2000,
The following information was submitted: 
Host: 208.180.127.43
submit_by = crowtf@hotmail.com
Name = Tomas Kro
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:  amarshal@uniserve.com at Internet
Date:    07/08/2000  7:10 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 19:10:08 2000,
The following information was submitted: 
Host: 204.244.213.201
submit_by = amarshal@uniserve.com
Name = Andrew Marshall
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:  raymizer@webtv.net at Internet
Date:    07/08/2000  6:13 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:13:15 2000,
The following information was submitted: 
Host: 209.240.200.123
submit_by = raymizer@webtv.net
Name = Raymond A. Mizer
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:  Jalishelly@aol.com at Internet
Date:    07/08/2000  6:29 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:29:32 2000,
The following information was submitted: 
Host: 205.188.193.159
submit_by = Jalishelly@aol.com
Name = Michelle Nunez
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:  tonyp008@aol.com at Internet
Date:    07/08/2000  6:40 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:40:35 2000,
The following information was submitted: 
Host: 152.163.204.20
submit_by = tonyp008@aol.com
Name = Anthony Perovich
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:  edvanp@hotmail.com at Internet
Date:    07/08/2000  6:36 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:36:33 2000,
The following information was submitted: 
Host: 209.176.193.185
submit_by = edvanp@hotmail.com
Name = Ed Van Portfliet
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:  julia.r.purdy@mail.sprint.com at Internet
Date:    07/08/2000  7:15 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 19:15:12 2000,
The following information was submitted: 
Host: 208.24.179.211
submit_by = julia.r.purdy@mail.sprint.com 
Name = Julia Purdy
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:  bigrow61@yahoo.com at Internet
Date:    07/08/2000  6:45 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:45:11 2000,
The following information was submitted: 
Host: 209.32.187.27
submit_by = bigrow61@yahoo.com
Name = thomas rowbottom
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:  lindarucano@mindspring.com at Internet
Date:    07/08/2000  6:20 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:20:43 2000,
The following information was submitted: 
Host: 165.247.52.16
submit_by = lindarucano@mindspring.com 
Name = Linda Rucano
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:  bertshepard@netzero.net at Internet
Date:    07/08/2000  7:28 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 19:28:58 2000,
The following information was submitted: 
Host: 4.48.61.181
submit_by = bertshepard@netzero.net
Name = Herbert A.Sheppard
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:  zsmith928@hotmail.com at Internet
Date:    07/08/2000  6:27 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:27:32 2000,
The following information was submitted: 
Host: 63.205.41.89
submit_by = zsmith928@hotmail.com
Name = Zachary Smith
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:  R354@aol.com at Internet
Date:    07/08/2000  6:14 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:14:12 2000,
The following information was submitted: 
Host: 205.188.192.29
submit_by = R354@aol.com
Name = Deborah D. Smith
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:  mlstefan@ezwebtech.com at Internet
Date:    07/08/2000  6:25 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:25:42 2000,
The following information was submitted: 
Host: 209.207.50.159
submit_by = mlstefan@ezwebtech.com
Name = Michael Stefan
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:  bobsevtn42@worldnet.att.net at Internet
Date:    07/08/2000  6:16 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:16:57 2000,
The following information was submitted: 
Host: 12.77.85.95
submit_by = bobsevtn42@worldnet.att.net 
Name = Bob Sturgeon
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:  sublettd@aol.com at Internet
Date:    07/08/2000  6:54 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:54:51 2000,
The following information was submitted: 
Host: 152.163.201.69
submit_by = sublettd@aol.com
Name = Don Sublett
Professional_Affiliation = Investor
Subject = Short Sales (Release No. 34-42037; File No. S7-24-99)
Comments = I am writing this letter to inform you 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:  Bteague@ragingbull.com at Internet
Date:    07/08/2000  7:17 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 19:17:33 2000,
The following information was submitted: 
Host: 205.188.200.27
submit_by = Bteague@ragingbull.com
Name = Bob Teague
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:  iannick_tessier@hotmail.com at Internet
Date:    07/08/2000  7:30 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 19:30:21 2000,
The following information was submitted: 
Host: 24.200.51.217
submit_by = iannick_tessier@hotmail.com 
Name = Iannick Tessier
Professional_Affiliation = OTCBB 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:  jturner@sagesol.com at Internet
Date:    07/08/2000  6:35 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:35:02 2000,
The following information was submitted: 
Host: 148.78.255.18
submit_by = jturner@sagesol.com
Name = Jim Turner
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:  goldenbull2000@aol.com at Internet
Date:    07/08/2000  6:23 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:23:43 2000,
The following information was submitted: 
Host: 152.163.207.202
submit_by = goldenbull2000@aol.com
Name = Jeff Wilhems
Professional_Affiliation = Mortgage Banker
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:  BARMER@Pacifier.com at Internet
Date:    07/08/2000  6:52 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:52:27 2000,
The following information was submitted: 
Host: 198.145.226.149
submit_by = BARMER@Pacifier.com
Name = Barbara Wilkins
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:  goatseatoats@cs.com at Internet
Date:    07/08/2000  6:30 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule S7-24-99
------------------------------- Message Contents 
On Sat Jul  8 18:30:23 2000,
The following information was submitted: 
Host: 64.12.105.164
submit_by = goatseatoats@cs.com
Name = Wesley J. Zebrowski
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. 
     
     
     
     

     
 

http://www.sec.gov/rules/0708b01.htm