From: Mark Anderson [dlmma@comcast.net]
Sent: Saturday, January 03, 2004 12:34 AM
To: rule-comments@sec.gov
Subject: S7-23-03:

Dear Sirs:
 
     I am a small OTCBB stock investor and probably ill-informed of some or 
many of the market practices.  I do however believe there is a very detrimental 
effect on many small companies due to naked shorting.   I am in no position to 
determine the extent of this harm, but I do believe it is severe.  

     I feel true shorting is an effective control of artificial stock price 
inflation.  I also understand that naked shorting is suppose to provide liquidity.  
I believe full delivery of securities must be done to prevent the abuse that is 
going on.  But I also believe there must be a mandatory accessible float to prevent 
abusive manipulation in the other direction.  I think we need more SEC personnel 
to police these naked shorting practices as well as the pump and dump schemes.

     Why do I as an investor have just as much right as a market maker to buy a 
stock, but have no legal means to short an OTCBB stock?  I don't think this is 
fair.  I would also like to relate a story to you about another practice I believe 
is illegal.  This concerns a pink sheet stock VRMD Vision Real Estate Management & 
Development.  A person on the Raging Bull message board identified as Riceman82 
flaunts how he shorts OTCBB stocks through a Canadian broker.  He has identified 
his broker as TD Waterhouse, stated his naked short sale times, prices, and amount 
of shares.  Even telling people when he covers these shorts, stating that he has 
ten days to do so, and concedes that this is not on the up and up.  I believe there 
must be a viable, legal, and open to all investors, method for shorting OTCBB stocks 
so that the these "criminals" (because that's what I believe they are), aren't 
making a killing at the expense of other investors, the OTCBB companies, and our 
country.
                                                                                                
                                        Thank You,
                                        Mark Anderson