Subject: File No. 4-500
From: G. Howard Collingwood, CEO
Affiliation: Ruby Mining Company

June 6, 2005

Reference: SEC File No. 4-500 Request for rulemaking regarding member records of "short" positions and reporting and public dissemination of aggregate positions by security

Gentlemen:

I am G. Howard Collingwood, CEO of Ruby Mining Company (RUBM). I believe that my company's stock is being routinely shorted to our company's harm. I also feel that there is much that the SEC could do to enforce existing rules to impact these abuses in a positive way. A good first step will be to make these short positions transparent. I completely support efforts to make these positions a matter of public record.

G. Howard Collingwood
CEO
Ruby Mining Company