Mar. 11, 2021
To Whom it may concern at the SEC,
I have read many of the other comments on the matter thus far. The message has been clearly laid out. No one wants this. Funding is hard to come by for smaller companies, meaning the OTC markets. This is the primary area that will be impacted, even if it spans to the Big Boards, and they won’t like it either. For years there have been whispers of the SEC looking to wipe out this particular marketplace. Perhaps, it is too unregulated, thought by some? Not sure if this is true, but some see this as the largest step to date on that move. I certainly hope not! But that seems crazy right? Why would anyone want to squash the efforts of some of the most innovative and daring capitalists in our country today? That would be tantamount to some measure of industrial or global economic suicide for the US. Taking our advantages and turning them on their head enabling other parts of the world to churn those waters harder than we will. No. This should be rejected. We should stay out ahead of the pack. Money has to move. And not in the form of stimulus checks. This certainly looks like a shot across the bow of an ever tightening squeeze upon what makes America, America. And it should be resisted. I hope it is not true, and let the voices here echo down the halls of your mind’s eye when it comes time to render a decision on this proposal. This is a mistake. Please reject.
In church, there are two sides on a particular matter where one can err. I’ve seen it first-hand. My father was a pastor for many years, but at this particular point in time he was a parishioner himself at a large church. He began leading Bible studies for people in their home, in addition to the one they attended on Sunday morning, because the people in the class asked him to do so. They wanted to grow. This is a good thing, that, in large part, churches hope will manifests itself often and regular. But, the church, and the other Sunday School teacher, got threatened by this, clearly concerned about a “charismatic individual” {that was what they called him} leading the flock away, causing one of the primary pastors to come over to tell my father to stop teaching the unsanctioned Bible Study and, oh by the way, “we can’t tell you to not attend anymore, but please don’t attend anymore”…See where I am going here? If I had to make a choice, and I’m not saying I have to, but I’d rather err on the side where we do NOT squelch the Holy Spirit when He is moving, over some notion of protectionism that keeps potential wolves out of the Hen House because I believe God is bigger than the evil. So too, we need to have faith in our process and economy over against giving into fear that causes over-regulation that annihilates the very thing it is trying to protect because we believe the direction of Capitalism is bigger than a government. Do not misunderstand me, I am not advocating that we not protect investors, I am just saying we need to err on the right side when we aren’t sure. These convertible note instruments are critical to the space and, maybe, instead, we should consider if there aren’t more ways to further enable money to flow easily into the public markets rather than to spend all of our time looking to cut it off.
Cameron Cox
CEO Futureland Corp.