Subject: Amendments to Rule 15c2-11
Author:  <Gatewaynrg@aol.com>
Date:    5/6/99 1:17 PM
     
     
To whom it may concern:
As an investment banker with 30 years' experience, and recently as a 
co-founder of an OTC BB listed company, I am incensed with the imposition of 
such amendments that further burden and create liability for market makers in 
bulletin board listed securities, or for that matter, pink sheet quoted 
securities. 
     
I wholeheartedly support the truth-in-reporting doctrine long-established by 
the SEC as the 1933-34 Act was intended.  However, why "tar" every BB/Pink 
sheet listed company with the same brush.  There should be some clear, 
empirical criteria that can easily seperate those regularly reporting 
companies who are and have been complying with timely regulatory filing and 
further sort out those companies with a record of net worth, and other tests 
of solid financial status.  These companies should not create any undue 
liability for those market makers that choose to quote prices of their 
securities. 
     
These onerous amendments strike adversely to the very grain of 
entrepreneurism, further handicapping the well managed, financially viable 
small companies that because of price-per-share are temporarily "stuck" in 
this limbo and suppressed by punitive legislation by those who are only 
comfortable with the "listed" status of companies, many of which also fail 
miserably creating much larger losses in the aggregate than found in the top 
bulletin board or pink sheet companies.  STOP IT!
     
Yours sincerely,
Don Anderson
VP Gateway Energy Corp. - OTC BB GNRG