InvestorsHub Logo
Followers 317
Posts 30111
Boards Moderated 1
Alias Born 08/29/2006

Re: Nistel post# 72305

Wednesday, 10/13/2010 10:29:37 AM

Wednesday, October 13, 2010 10:29:37 AM

Post# of 111214
*****IMPORTANT EIGH INVESTOR DD*****PARTS 1 & 2

PART 1

Before you fall for the hype about this stock read these facts:

1. EIGH IS DEEPLY INVOLVED IN ILLEGAL STOCK PRICE and STOCK VOLUME MANIPULATION SCHEMES ENGINEERED BY ONE OF ITS OWN SUBSIDIARIES.


EIGH and a group of other stocks such as CDIV, PNTV, GRNO, etc. have been designated as "float lockdown plays" (otherwise known as a "FLDs") by Monk's Den, one of it's highly touted subsidiaries. "Float lockdown plays" are engineered by Jerry Williams, who "individually instructs" Monks Den members to buy the stock in concert with other members in an attempt to "lockdown the float" and jack up the volume of thinly traded penny stocks in an effort to push the stocks higher and "force a squeeze" on market makers who end up short the plays as a result of their normal market making responsibilities to provide fair and orderly markets. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55342287

It is 100% illegal to use a group to attempt to force stocks prices higher or to jack up a stock's volume and the SEC has made no bones about it. http://www.sec.gov/spotlight/keyregshoissues.htm
"a scheme to manipulate the price or availability of stock in order to cause a short squeeze is illegal. "

There is ample evidence this is exactly what Williams has been trying to do with a number of thinly traded penny stocks for the last two years. Anyone participating with him in such a scheme could find themselves in a world of trouble for engaging in stock fraud--Not just from the SEC, but from the DOJ as well which is now on the war path against stock price and stock volume manipulating promoters such as Williams.

Only yesterday it was announced that they had rounded up 20 more promoters and company heads for participating in just such schemes. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55353519

Unfortunately for Williams and those participating with him, all of his FLD plays are currently deep in the middle of stock price crashes and people are losing millions of dollars daily as the pyramid schemes he built are coming unglued at the seams.

Williams and his co-conspirators could be facing federal prison terms of up to 20 years or more if the FBI moves to stop these illegal schemes by Monks Den.

*****IMPORTANT EIGH INVESTOR DD*****PART 2


1. Smoking Gun SCAM EVIDENCE:

EIGH is using a virtual address which just so happens to be the exact same virtual address of another scam company, EWPI. (WHICH IS ANOTHER of WILLIAMS FLD PLAYS) Oh well, it's about what one would expect.

Its the very same suite number as EWPI uses. It is a Regis virtual office. Lots of total scams use them.

I guess we are meant to accept that this "company" with 12 subsidiaries uses a virtual office? LOL That is funny.

Especially when you consider the fact that EWPI was a Monks Den FLD play as well.

So, we have two FLD plays using the same address at the same virtual office suite number. SCAM is all that comes to mind.

2. MORE SCAM EVIDENCE.

Williams markets himself and Monk's Den (which is part of EIGH) by claiming he is a former naval officer and holds a PHD degree from UCONN.

No one can find any evidence that these claims are true and it is not hard to verify a PHD degree. You see PHD's file their Doctoral Thesis into a world wide database. Interestingly enough, Williams's thesis is nowhere to be found within that database. Is he lying? It sure looks that way.

A man that will lie to you about his education will lie to you ABOUT THINGS OF FAR MORE importance-- Like what he is really trying to do with your money.

3. EIGH ACCOUNTING LOOKS VERY BOGUS.


http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=36090

This is a simple matter which anyone can see whether he or she has a background in accounting or not. The quarterly financial reports filed with pink sheets do not reconcile with one another.

The ending numbers plugged into Q1 and the beginning numbers plugged into Q2 are different. Since the company claims they had no acquisitions during the period there was no consolidated report filed so these numbers should be exactly the same and they are not. It looks as though they just sat down and entered whatever they thought looked good enough to fool you, the investor.

4. The company claims to be setting up a cotton plant in Barbados but shows no assets under plants and equipment. Sorry charlie. That ain't gonna fly.

5. The company claims to be in the clothing business but has no inventories shown in their financial statements. OOPs! That's a dead giveaway that something is seriously wrong with this company's claims.

6. The company claims to be operating 12 subsidiaries but only shows salaries of 42,000 for Q2. That is less than 900 dollars per week in salaries for each sub and what is worse, it shows they still owe the money. Is everyone at all 12 companies working for free?

You see, this is the problem with pink sheet scammers. They never remember to keep their stories straight and are usually outed by their own statements.

7. EIGH claims they will be paying a 10 cent per share cash dividend. The problem is that they do not have enough money in their retained earnings to pay such a dividend and this is an absolute requirement. Additionally, the only dividend they have filed with FINRA is a half penny dividend. They promised to change this by the 3rd of October, but they have not done so. It looks like they have been using lies about a phony divi to induce people to buy their stock.

EIGH? Proceed at your own risk. Let the buyer beware.

FINAL COMMENTS:

EIGH hasn't proven anything thus far other than that they are scammers.

Ask yourself how this company is operating all of these businesses on only 458 bucks a month in rent?

Or how they are operating the companies without paying any salaries or commissions at all in the 2nd quarter? --even while they were claiming a huge revenue increase? Too funny

Or how they acquired a company in January (Skyvillas Realty) that was not even formed as a business until a month later in February?

Or how they are selling clothing with no inventories?

Or how they could possibly be opening a new store in Barbados and have not yet signed a lease? No lease liability shows up on their balance sheet other than the one they signed for their virtual office. Furthermore, with no inventories, what are they going to sell?

That this is a massive fraud I have no doubt. Their accounting stinks to high heaven and the little bit of info they do give us shows they don't have a real business.

We are apt to shut our eyes against a painful truth... For my part, I am willing to know the whole truth; to know the worst; and to provide for it. --Patrick Henry, Patriot and Hero of the American Revolution