Date: 4/6/99 1:42 PM Subject: S7-5-99 Sirs, The proposed amendments to Rule 15c2-11 appear to contain provisions which will clearly hurt legitimate companies such as ours (i.e. we qualify for NASDAQ in all ways except stock price, and the artificial event of a reverse split can accomplish this without any change in our operations nor Balance Sheet--hardly a pragmatic rule given the negative effect of a reverse split; we are a full reporting firm which should be differentiated from non-reporting Bulletin Board firms). Of greater impact is the obvious result of applying these anti-fraud conditions on market makers of all Bulletin Board stocks: the legitimate market makers who are left will be forced to widen spreads and help accelerate rapid swings in stocks and the more prevalent market makers who are left--namely the less-reputable firms--will make the markets both illiquid and immoral. Please remove full reporting companies from the onerous market-maker amendments. Sincerely, David McCaffrey, CEO Global Maintech, Inc. (GLBM)