NO QUARTER FOR CORRUPTION (Focussing on The Fed./FRBS)

[Transat 5]

From Joy on EZ's Board

Things are heating up --- maybe

How about sending to the CEO's of your holdings everyone .

The Chairman of the Pink Sheets, Mr. R. Cromwell Coulson, today sent a global request to Public Companies on the Over the Counter Bulletin Boards (OTCBB), and Pink Sheets to help improve the OTC Marketplace by showing their support in a new proposed rule to require broker-deals to report short selling by responding to his petition request.

Last week, Zoomingstocks.com highlighted the issue of trading rebates and the apparent manipulation of OTC stocks including the issue of wash-trades. To support this apparent abuse of the system, Zoomingstocks referred to public documents available on the SEC website issued by Mr. Jonathan Katz, the Secretary of the SEC. Mr. Coulson is fighting the "good fight" on behalf of small companies that are targeted by manipulators and shorters, aimed at stealing your investment dollars. Today's letter to OTC companies comes as a major surprise as Mr. Coulson takes up the mantle for small companies in the battle against short selling. Towards this end, Mr. Coulson is referring to a proposal made by Mr. Jonathan Katz, Secretary of the SEC in January that will cause the SEC to enact regulations requiring the reporting of all short sales to the public. Mr. Coulson stated that, "Pink Sheets has petitioned the SEC to cause the amendment of NASD Rule 3360 and require NASD broker dealers to maintain a record of total "short" positions in all customer and proprietary firm accounts in all publicly traded equity securities". The petition further wants this information reported to the NASD for public dissemination of the short positions, by company.

The letter, specifically addressed to OTC companies included supporting links to documents to propose and support this new ruling. The full rule change request is available for you to read at: http://sec.gov/rules/petitions/petn4-500.pdf and http://sec.gov/rules/petitions.shtml. (See Zoomingstocks.com website for a generic copy of the letter).

Mr. Coulson's petition to CEOs stated the following: "I cannot make this important rule change happen without your help. Thus I'm asking you to write a letter on your company's letterhead today, and voice your support to the SEC for the Pink Sheets' Request for Rulemaking Regarding Member Records of "Short" Positions and Reporting and Public Dissemination".

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Apparently, someone out there cares about your investment and the blatant disregard that some broker-dealers have for you. Mr. Coulson is taking a stand for reform and the protection of Pink Sheet companies and individual investors. Today, shareholders are gathering in groups aimed at taking a stance against these very issues. With the Pink Sheets stepping up to the plate to take action toward reforms against broker-dealer advantages, and shareholders efforts combined, it appears that our U.S. Markets will be leading the charge against the market manipulators. Always the first at revolutionary methods, the U.S. once again leads the world in reform. Thank you Mr. Coulson for taking a stand.

Zoom Generation Newsletter
May 2, 2005
in this issue Pink Sheets Seeks Help from Companies