Author: Christopher G Boissard at Internet Date: 12/14/1999 4:13 PM Subject: File No. S7-24-99 Views on SECTION G, File No. S7-24-99 Gentlemen, I fully support the new requirement of for any companies traded on the OTCBB to file regular 10-Q and 10-K with the SEC. I believe all public companies have obligation to fully disclose its financials to the public. Shareholders are in fact owners of these public companies and they have rights to know public company operations. I fully applaud the action taken by the SEC against the Internet Frauds committed by some insiders and stock promoters to take advantage of the public. You have my sincere gratitude. The faster the shorting rules (applied to the OTC:BB exchange stocks) are implemented, the better it will be for average investor, as well as, for the honest companies on the OTC:BB exchange. While there are indeed most likely, some unscrupulous companies on the OTC:BB (ie MaxPlanet-MXNT), who will undoubtedly have to "ante up and place there hands on the table" disclosing their financial postion, many companies on the OTC:BB exchange are run by honest, hard working people trying to grow a small struggling company, into something larger. Day by day, I see the rampant manipulation by the OTC:BB Market Makers and other entities done to these honest, hard working companies (and their shareholders), who are only trying to make the American dream a reality. However, I believe the biggest threat to the OTC BB market order is outrageous stock price manipulation by some market makers and foreign brokerage firms. Particularly, illegal shorting (creating shares to sell short) has been, in my view, the biggest fraud I have ever seen in the stock market. When a company has only about 10 million outstanding shares, and some brokerage firms can sell unlimited nonexistent shares, how can market order be established or maintained (again the example of MaxPlanet)? If the SEC is really serious about protecting the public from any frauds and is willing to fight against the unfair practices of these big firms, the SEC should regulate short sales in any stock market as listed stocks. I just desire that everyone play the game using the same rules. Thank you for your time and efforts, . Chris Boissard