Subject: File No. 4-500
From: Robert S. Closkey

May 4, 2005

Dear Mr. Katz:

I read with enthusiasm your poroposed rule to bring an end to "Naked Short Selling" in the OTC Market Specifically, OTCBB stocks, among which is Fidelis Energy, FDEI--a small Oil and Gas Exploration company, headquartered in the United States.

I am a shareholder in this company and am experiencing a loss due to the deception perpetrated by two companies thru active brokers who have been selling the stock down thru a "step down scheme."

The news of this company's accomplishments at this time does not warrant the effect of deception in its marketplace, as the company has met its publicly published goals and its shareholders have not experienced a commensurate value in the price of its shares due to this designed conspiracy between companies and brokers to actively step down the value of this company.

I am familiar with the nonsense trading and listing of US Companies on the Berlin Bremen Stock Exchange, Germany, and suggest that these rules apply to all companies listed on that Exchange without the companies' knowledge, as that Exchange, as you well know, is nothing more than a haven for criminals, thiefs and terrorists, in other words, the traders actively engaged in operating thru that Echange, are taking advantage of US companies and investors by trading "Phantom Shares" at will, thus depressing the price of a company's shares without ACCOUNTABILITY".

I trust that the proposed rules will be issued without delay.


Robert S. Closkey, et. al, Shareholders