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rwk

05/26/04 1:11 PM

#42154 RE: SPIN #42150

SPIN / BSE

Perhaps you could provide, in clear, succinct prose, the reasons for which this worries you. I can not divine your concerns from what you post.

I have reviewed SHO:

http://www.sec.gov/rules/proposed/34-48709.htm

The regulation does not speak to companies that issue sharea, only to the behavior of traders of these shares. It causes me no concern.