Subject: Abolish naked shorting Date: 06/01/2000 8:09 AM Dear SEC I am writing in regards to the proposed law concerning the short selling of OTCBB stocks(Proposal # S7-24-99). The naked shorting of OTCBB stocks should be eliminated. One of the main reasons why "penny" stocks are so risky and volatile is not solely because of the companies themselves, but because of the rampant naked shorting by market makers and offshore brokers. This activity goes unchecked everyday and must be dealt with accordingly. I've personnally have been burnt by these folks...let's make it fair for the ordinary investor! The abolition of naked shorting in conjunction with the requirements of being fully reporting will ensure a fair and equitable market for investors and companies alike, a market where a company's true value is reflected in the price and not distorted, suppressed or inflated artificially by manipulation. You should take a closer look at all the manipulations done on the InvestAmerica stock (INVT.OB) over the last few weeks. I've never seen such manipulations on a stock in my entire life. INVT is suppose to be trading on the Frankfurt stock exchange since a week, but there is no volume because the US MMs are refusing to sell shares to the German MMs. Thanks, Martin Saucier Senior Consultant, Project Manager CGI Information Systems & Management Consultants, Inc. Phone: (978) 946-3549 Fax: (978) 946-3173 E-mail : martin.saucier@cgiusa.com Corporate Web Site: www.cgiusa.com _________________________________