Subject: File Number S7-30-98 Author: "Timothy Miles" Date: 5/20/99 9:52 AM Re:File Number S7-30-98 I support the aspect of the proposed rule which allows the exercise of common stock warrants issued pursuant to rule 504 despite the fact that the company subsequently becomes fully reporting in order to qualify for trading on the OTC. Often times company's are unable to raise the full amount initially or do not need the entire amount of funds initially. This allows them to complete their funding once the market is established. The additional disclosure provided by the filing of a Form 10 will only serve to provide the potential purchaser with additional information upon which to make an informed decision.