Date:    06/23/2000  1:01 AM

Subject: S7-24-99

Name: Robert Meadow, individual investor
     
Document created in Microsoft Outlook
     
     
Please note, I feel that some degree of government intervention needs to 
occur whenever, like here, a small group or class of people or companies can 
almost completely control the effect that a market has on another group or 
class of people.  While not a monopoly, there are monopoly-like power and 
effects that are occurring.
     
Who gets hurt here?  If you limit naked short-selling, the market makers 
will still make money.  If you don't the individual investor will indeed get 
hurt and the penny stock market will not recover soon, hence new companies 
will find it hard to capitalize and new ideas and technologies will 
flounder, hurting our country and humanity.  The bold individual will be 
hurt.  There are few frontiers left for us.  Don't destroy this one.  We are 
a country of pioneers.  Please don't allow this one of a few last 
strongholds of the pioneer spirit to die.