Date:    06/22/2000  12:04 PM

Subject: S7-24-99

I don't what word processor I'm using for this. I just open up my 
Eudora Light e-mail program and write.
     
     
Hello,
     
I would like to write in support of S7-24-99. This naked shorting crap has got 
to end, and the sooner the better. I've been taken too many times by
corrupt market makers in the OTCBB.
     
Below is a piece of a story on http://www.otcnn.com/ that explains exactly 
what I'm talking about. I can't believe this practice has been allowed to go 
on as long as it has.
     
Please pass and enforce S7-24-99. It's long overdue.
     
Thank you,
Brian Gaddis
     
     
**Investor Ed Schurrman wonders about "trading in the shares of Loch Harris 
Corp.
since January. If I read the T&S reports correctly, during that period of time, 
the
investing public has bought many, many millions of shares more than they have 
sold.
Again, if I am correct, the market makers in this company are now "short" more 
than
50 million shares. This boggles my mind."
     
As a result, says Schurrman, "this company, which I believe has incredible 
potential
and has published nothing but good news since January, now has an artificially 
inflated float (it was already high at 400 million). In addition, the market 
makers
have millions upon millions of the public's dollars for doing nothing but 
selling
phantom shares."
     
Each and every time the company issues good news, Schurrman observes, "the price
spikes slightly and then drifts right back down despite continued buying 
pressure.
In fact, that buying pressure contributes to the problem. Since the market 
makers
seem to have no inventory, they must continue to increase their short position. 
And since they can't stimulate selling at the current price levels, the 
situation
worsens daily."
     
Schurrman continues that "there is no way that the very people who hold this 
short
position (and have absolute control over the price) will ever allow the price to
increase to a level at which selling would be generated. Such a price increase 
would mean that they would have to cover at a loss. So the vicious circle 
continues.
Investors buy the stock, the MMs have nothing to sell, the short position 
worsens,
the price goes down, more investors buy the stock, the MMs have nothing to 
sell, on and on."
     
"It sickens me and I find it astounding that the SEC and the OTCBB allow this to
continue. This is the public's money we're talking about and a handful of 
ethically 
bereft individuals seem to be reaping the benefits of our losses."**