Date:    12/23/1999  7:09 AM


Subject: File no. S7-24-99 Comment 
To SEC Representatives,
RE:  File No. S7-24-99
     
I fully support the new requirement for all companies traded on the 
OTCBB to file regular 10-Q and 10-K with the SEC.  I believe all public 
companies have an obligation to fully disclose its financials to the 
public.
I also believe the biggest threat to the OTC BB market order is the 
outrageous stock price manipulation by some market makers and foreign 
brokerage firms.  Particularly, illegal shorting
(creating shares to sell short).  If the SEC is serious about protecting 
the public from fraud and is willing to fight against these big firms, 
the SEC should regulate short sales.  I want everybody to play the game 
with the same rule.
I have been investing in some OTC BB stocks lately because I believe it 
is there where the truly innovative and entrepreneurial spirit lies. 
Though the benefits to our nation of having a strong micro-cap industry 
are obvious, current rules constrict the flow of money to this sector by 
making investments more of a "crap shoot".
I strongly urge you to take any actions that will send a signal to the 
brokerage firms, investors and industry that there is order to the 
system.
Thank you.
--Bill Leskee
Minneapolis, MN
Individual Investor
     
--
Sincerely,
  Lloyd D. Blocker
  Stock Investor