Subject: File No. S7-12-06
From: Neil Tolbert
Affiliation: eBusiness Manager

March 30, 2007

Eliminate the "grandfather clause" immediately. I have personally watched you (the SEC) take an blind eye to Naked Shorting. Please explain how someone can own the tradable float of Overstock.com in Certificate form and yet millions of shares trade every day?? It's crap.