Date: 12/08/1999 2:57 PM Subject: S7-24-99 Dear SEC: I am writing in regards to the proposed law concerning the short selling of OTC-BB stocks(Proposal # S7-24-99). The naked shorting of OTC-BB stocks should be eliminated. One of the main reasons why "penny" stocks are so risky and volatile is not solely because of the companies themselves, but because of the rampant naked shorting by market makers and offshore brokers, mostly without having to borrow the shares and without "up-tick" or any other limitations. This activity goes unchecked everyday and must be dealt with accordingly. Unchecked and out-of-control chaos and deception seems to run rampant day after day. Unregulated Shorting is used as another weapon against bona fide investors who are squuezed out by unscrupulous manipulators and shorters. The abolition of naked shorting in conjunction with the requirements of being fully reporting will ensure a more fair and equitable market for investors and companies alike, a market where a company's true value is reflected in the price and not distorted, suppressed or inflated artificially by manipulation. Of course, much more needs to be done but finally, in my opinion, we are getting some action and regulations to protect investors a lot better. Keep up the good work ! It is needed ! Respectfully Richard Will rich-will@worldnet.att.net