From: Brian McDonald
Sent: June 2, 2005
To: rule-comments@sec.gov
Subject: File No. 4-500


Dear SEC,
I fully support the Pink Sheets on the proposed amendment to the short sale rule that is now before you. The naked short selling on the pink sheets is tremendous. I speak from a point of view that few do. I was a market maker and a broker and there were times at my firm that we had clients held more stock in their account than existed in the float! The naked short selling is such a problem that if the fines and the sanctions against anyone caught not covering their short in an allotted time or not reporting their short position is not tremendous and enforced that the small companies who depend on the pink sheets to get started in the capital markets it will continue to be crushed by these manipulators.
Brian McDonald