MessageFrom: Rob Delp [rdelp@livewxradar.com]
Sent: Sunday, November 23, 2003 2:20 PM
To: rule-comments@sec.gov
Subject: S7-23-03:

I fail to see why there needs to be a comment period.....
 
Why would the SEC even allow anyone to create shares out of thin air? 
The SEC is allowing brokers, Market markers and offshore entities to 
sale what they do not own for profit, while diluting small startup 
companies out of existents. 
 
Does the SEC not know that American investors, companies and employees 
suffer from this?
Does the SEC not know that money is being taken offshore?
Does the SEC not know that this money may be, and probably is funding 
terrorists?
Does the SEC not know they are here to PROTECT the investors?
 
I wasn't even going to bother writing, since its clear to me the SEC 
is so incompetent, that they cannot see that naked short selling of 
pink sheet, OTCBB, grey market, then why bother? The SEC does not 
enforce the current rules on naked shorting. 
 
There are over 100 companies mostly made up of pink sheets and OTCBB 
companies and their investors crying out for help from the SEC, yet the 
SEC does nothing. If anything it appears that the SEC is going out of 
the way to protect the industry rather these companies and investors.
 
There has been press on this type of SEC assistants, 1. SEC allows the 
DTC to stop companies from exiting the DTC and electronic trading system. 
2. A company issues a number of press releases against the naked shorting 
of its stock, the Denver, CO. SEC office goes after the company with a 
2 day subpoena for proof of naked shorting. Another is slapped with a 
stock fraud law suit is 2002 when it attempts to end the shorting by 
spinning off its main revenue stream and taking it to another exchange. 
 
My only hope to see the end of naked shorting selling will be the media 
breaking the story, which I hope will happen soon. If I am to wait for 
the SEC to step up to the plate and take charge....it will never happen. 
If the SEC was for the investors there would be no need for a rule 
change or comments period. The SEC would just do their job!
 
Robert W. Delp