Subject: File No. 4-500
From: C. L. Couillard

May 5, 2005

It is a travesty that the SEC is not enforcing even the laws available to eradicate naked shorting. It makes it impossible for an investor to trade on either the BB or the Pink Sheets, and reflects poorly upon the United States Government. Instead of Spitzer chasing bad guys for his personal glory, he should do something that effects the vast majority of investors, clean up the Naked Shorting problem on the BB and Pink Sheets.

C. L. Couillard