Subject: File No. 4-500
From: Scott Miller, President
Affiliation: NowAuto, Inc.

May 2, 2005

In re SEC File No. 4-500; Request for Rulemaking Regarding Member Records of "Short" Positions and reporting and Public Dissemination of Aggregate Positions by Security, we at NowAuto, Inc., a public company trading on the Pink Sheets, urge you to adopt this important rule change. The lack of transparency regarding short selling in the OTC market allows for fraudulent acts to go undiscovered. We believe it is in the best interest of investors and issuers alike to amend NASD Rule 3360 and require NASD Broker Dealers to maintain a record of total short positions in all customer and proprietary firm accounts in ALL publicly traded equity securities as well as report this information to the NASD for public dissemination.


Scott Miller
NowAuto, Inc.