8000 Incorporated (EIGH)

[loanranger]

He's pure entertainment.......

"if his emails had not been so confusing, along with a price of .001 or .0001, perhaps i would not have shared on this board and asked fellow shareholders wtf is going on? "

He's not entitled to any privacy in those communications and you have every right to be confused by them. I hope you don't mind if I use this response to put certain facts of this fiasco on the record.

The Documents
Using an unknown source of e-mail addresses Jonathan Bryant published an e-mail with 4 attachments. The same package was subsequently forwarded to another group of e-mail addresses via a "NICOLE DINSMORE <[e-mail]>" on 1/28/12. As I understand it, you are an EIGH shareholder who did not receive the package until several days ago when you requested it from Bryant directly.

The 4 attachments consisted of 2 alternative IRS forms (W-8 & W-9) representing certificates of withholding, a Letter of Transmittal and an Off-Market Private Stock Re-Purchase Agreement, all to be signed and returned by the shareholder. The latter 2 would then presumably be signed by Bryant, hopefully without alteration. Note that the documents were required to be scanned and returned by e-mail. NO RETURN MAILING ADDRESS WAS PROVIDED BY BRYANT, so there was no opportunity for a shareholder to execute the documents in hard copy form. Indeed, neither Bryant nor the tbgfund, from whence Bryant has sent his emails, have provided a physical address in any of these communications.

The Price
The heading of the Letter of Transmittal says:
To Exchange/Purchase Shares of Common Stock
Of
8000 Inc
At
$0.0001 Net Per Share in Cash

The first paragraph of the Letter says:
"Purchaser hereby agrees to purchase the Seller Stock from Seller for the aggregate
consideration in cash (USD) of the closing price of the stock (currently $0.001) at the end of the
market day on the date of the executed agreement (the "Purchase Price"), to be paid at the
Closing (hereinafter defined within the agreement). Additionally, the purchaser also agrees, in
the best interests of the seller as discussed, to pay 75% of any cash benefit gained due to the
much publicized and speculated short position and manipulation of the company’s common
shares (EIGH.pk)."

Those are the only 2 passages dealing with the issue of the price to be paid for shares in the Letter of Transmittal.


The Off-Market Private Stock Re-Purchase Agreement only addresses the issue of price in one paragraph:
"1.1 Agreement to Purchase and Sell. Subject to the terms and on the
conditions hereinafter set forth, Purchaser hereby agrees to purchase the Seller Stock from Seller
for the aggregate consideration in cash (USD) of the closing price of the stock (currently $0.001)
at the end of the market day on the date of the executed agreement (the "Purchase Price"), to be
paid at the Closing (hereinafter defined). Additionally, the purchaser also agrees, in the best
interests of the seller as discussed, to pay 75% of any cash benefit gained due to the much
publicized and speculated short position and manipulation of the company’s common shares
(EIGH.pk)."


Obviously you have a right to your confusion. I'll repeat the response that another poster received when he expressed confusion regarding this issue. BTW, he was also rebuked for sharing his communication exchanges with this board....see the link and subsequent posts by that poster.

From: [e-mail]
To: xxxxxxxxx
Subject: RE: Company Privatisation
Date: Thu, 9 Feb 2012 13:03:45 -0500

Currently I am offering



1. cash plus 75% of any cash benefit that may be due to you if there is a short cover

2. cash only .

Thus to answer your question. I will pay cash at 0.0001 per share plus secure 75% if there is a cover of the short position as well or I can offer 0.001 per share in cash only and the cash benefit if there is a cover stays with the Company but you will need to provide the stock in certificate form as this is a private transaction and it is now impossible to transfer electronically other than through the shareholder offering for which all terms have to be the same (option 1).

Also please note, that it is now, due to the short position, very difficult to transfer shares so the only routes are to agree a cash plus 75% route, which I believe satisfies you or providing the certificate to send to an escrow agent. Please advise as to which you wish to undertake.

Yours,

Jonathan

( http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72093746 )


I can't help but repeat the above offer:
"I will pay cash at 0.0001 per share plus secure 75% if there is a cover of the short position as well or I can offer 0.001 per share in cash only and the cash benefit if there is a cover stays with the Company"

I certainly could be mistaken, but I did not see that offer made in the documents that were sent to the other unsourced email addresses of people who theoretically are shareholders (I received the email and attachments and I am not, nor have I ever been, a shareholder). If different offers are being made to different parties, public and private, it's no surprise that he would rather the recipients of his "private" communications keep them secret.




Good Luck.