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To: Pete Summers who wrote (35739)	6/21/2000 9:09:00 AM
From: Pete Summers	Read Replies (1) \| Respond to of 40688

OT: this is an excerpt from a series of articles written on market maker manipulation (MMM) ?The naked shorting of OTCBB stocks should be eliminated,? said Martin Saucier, Senior Consultant, Project Manager for CGI Information Systems & Management Consultants, Inc. ?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. This activity goes unchecked everyday and must be dealt with accordingly. I've personally have been burnt by these folks...let's make it fair for the ordinary investor!? Saucier went on to say ?The abolition of naked shorting in conjunction with the requirements of being fully reporting will ensure a 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.? Investor Sigmund Lee told the SEC: ?The problem with current rules is market makers short the #### out of a stock and can?t get out, so what they do is play god by forcing prices to drop. They know that if they keep the prices low, investors will have no choice but sell after months of waiting and the stocks continued to fall despite very good news from the company the investors bought shares. The correct rule of SEC is to let the market determine the value of the shares. Naked Shorting should never be allowed!?