From: Richard Stewart [nutrinet@adelphia.net]
Sent: Monday, February 16, 2004 7:04 PM
To: rule-comments@sec.gov
Subject: S7-02-04: 

To whom it may concern:

After reading the proposal, I believe that I generally agree with it, alghough I think one 
would need to be a securities and marketing expert to fully understand the implications. 
Generally, I believe that the more quantifiable informaiton available, the better to 
protect investors. 

Also, it seems to me that, from what I understand, the term "penny stock" has little to do 
with the issue and perhaps should be changed to something like "high risk start up stock" 
or other language that coneys the true nature of concern for the investor.  I trade many 
stocks that I considered "penny stocks" just because of their price, which do not fit the 
criteria described here.

Thanks for the opportunity to comment.

Richard Stewart