Subject: File No. S7-16-21
From: Parker Smith
Affiliation: Compliance Officer, Law Student

December 2, 2021

As a Compliance Officer who frequently uses EDGAR for research and due diligence, and as an investor who performs due diligence when making my own private investments, the mandate to include the \"glossy\" annual report to security holders is sensible considering these documents are sometimes harder to find than they should be. Thanks.