Flexpower Inc. (FLXP)

[cbuzz247]

Copied from another poster. ATTENTION BOARD: if anyone has wanted to give the SEC an ear full on "fail to delivers" then now is your chance. The SEC is asking for your comments...you have a 30 day window...feel free to tell 'em like it is


Dear XXXXX:

Thank you for contacting the SEC.

On August 7, 2007 the SEC posted new amendments to Regulation SHO. The elimination of the market maker exception is now under the comment process. The proposed rule can be found at http://www.sec.gov/rules/proposed/2007/34-56213.pdf.

There is a 30 day comment period. Please see pages 7-8. You can find the comments to this rule at http://www.sec.gov/comments/s7-19-07/s71907.shtml.

You can send in your own comments at http://www.sec.gov/cgi-bin/ruling-comments?ruling=s71907&rule_path=/comments/s7-19-07&file_n....

The summary section of the release states:

The Securities and Exchange Commission (“Commission”) is re-proposing amendments to Regulation SHO under the Securities Exchange Act of 1934 (“Exchange Act”). The proposed amendments are intended to further reduce the number of persistent fails to deliver in certain equity securities by eliminating the options market maker exception. In addition, we are requesting comment regarding specific alternatives to our proposal to eliminate the options market maker exception.

You can find Section 10 at http://www.law.uc.edu/CCL/34Act/sec10.html

You can find Rule 10b-5 at http://www.law.uc.edu/CCL/34ActRls/rule10b-5.html

You can find all the securities rules and regulations at http://www.law.uc.edu/CCL/xyz/sldtoc.html.

You may wish to file a complaint with us. You can file a complaint via the SEC website at: http://www.sec.gov/complaint.shtml.

For information on how we handle complaints, please see our publication at: http://www.sec.gov/investor/pubs/howoiea.htm.

I hope this information is helpful.

Sincerely,


CHRISTOPHER H. WILSON
Office of Investor Education and Advocacy
U.S. Securities and Exchange Commission
[phone]