Subject: File No. S7-08-08
From: william a percy
Affiliation: Masters Degree Education

March 29, 2008

-SIR, THE HORRIFIC SITUATION OF "NAKED SHORT SELLING" HAVING GONE RAMPANT IN OUR BEAUTIFUL COUNTRY FOR SO MANY YEARS IS VERY TROUBLESOME. ALL THE ORGANIZATIONS THAT EXIST TO PROTECT THE SMALL INVESTOR ACTUALLY HAVE FAILED IN DOING THEIR APPOINTED TASK.

YOU PEOPLE ALLOWED THIS PRACTICE TO GO ON FOR DECADES. IT IS ALL PROVABLE. YOU ARE ULTIMATELY RESPONSIBLE. PLEASE RELEASE THE "FUNDS" EARMARKED FOR THESE INVESTORS OF PINK SHEETED COMPANIES WHO SUFFERED FROM THESE "NAKED SHORT SELLING PRACTICES". WE KNOW THERE ARE BILLIONS WAITING TO BE SENT OUT. PLEASE SEND IT NOW...........BILL PERCY, "A DAMAGED SHARE HOLDER"