Subject: Rule changes 15C2-11

Date:    4/6/99 5:17 PM
     
     
Mr. Jonathan G. Katz:
I have been receiving considerable information on the proposed File No. 
S7-5-99 rule change for the 15C2-11 information on trading companies. 
Although most of the OTC companies are not large or reporting, they do play a 
very important role in job creation and productivity within this nation. 
Making it more difficult to trade the shares will only cut the opportunity to 
raise the necessary capital for companies to expand. For the last ten years, 
the vast majority of companies have complied with all of the rules of the 
SEC. Punishing the entirety of companies to eliminate the few is poor policy 
and terrible business. The SEC has a responsibility to the current and future 
share holders and investors. No one can eliminate all corrupt companies, 
market makers or investors. The SEC has tried to tighten rules every year to 
prevent parties from defrauding the public. As past evidence has shown, many 
of the "reputable" companies have committed greater fraudulent events on the 
public than any small company could even conceive.
The SEC should make in EASIER for small cap companies to obtain the necessary 
capital, register with the various boards and do the right reporting if it 
wants to properly regulate them. It is far easier to be honest and report the 
success of the company than it is to conceal and defraud the public. Your 
position should be to help us, not cast us out. Thank you for your 
consideration.
Eagle Environmental Technologies, LTd 
Symbol: EGVRD
Brian D. Wilmot, CEO
e-mail: JABGTH@aol.com