From: john pasqua [jay2ray@bellsouth.net]
Sent: Monday, February 10, 2003 9:17 PM
To: rule-comments@sec.gov
Subject: (s7-51-02) INCREASING THE NUMBER OF SHARES A CORP CAN SELL

AT ONE TIME A STOCK HOLDER WAS ASSURED OF MAINTAINING HIS PERCENTAGE 
OF OWNERSHIP.
 
NOW, THESE HIGH PAID BOARDS BULLY THEIR SHARE
HOLDERS TO INCREASE THE ALLOTTED SHARES
IN THEIR CORP. COVENANTS AND THEN PROCEED TO
VOTE THEMSELVES HUGH STOCK BONUSES.
 
AGAIN USING THE BULLY PULPIT TO GET IT APPROVED.
 
THIS PRACTICES DILUTES THE VALUE OF THE STOCK
AND THE LONG TERM HOLDER PAYS THE PRICE
 
ALL NEW ISSUES UNDER THIS PROCEDURE MUST BE SOLD ON THE OPEN MARKET 
AND OFFICER STOCK BONUSES MUST BE FILLED BY REDEEMING THEIR STOCK ON 
THE OPEN MARKET AND THE ACCUMULATION PERIOD SHOULD BE LIMITED TO SIX 
MONTHS PRIOR TO THE STOCK BONUS AWARD
 
PLEASE GIVE THIS YOUR BEST ANALYSIS AND HELP
BUILD CONFIDENCE IN THE MARKET AGAIN