8000 Incorporated (EIGH)

[jetpilot1101]

I can't believe I read the whole thing. Here are the highlights.

Page 51

Use of Proceeds
1. Floatation on a chosen Stock Exchange (preferably Frankfurt, Berlin or OTC Markets) estimated at 50’000 USD.

Looks like he's going to try and list on the OTC with this latest scam.

Page 54

Additional shares and options for founders and management
In order to create an incentive for the management and create value in the Company, the Board of Directors has granted the founders and the management a certain number of free shares in the company, as certain milestones are achieved within the next 24 months. The milestones are the following:
1. When 250'000 US$ are raised, the management team receives 50'000 free shares of BSC Inc.
2. When 500'000 US$ are raised, the management will receive an additional 100'000 free shares of BSC Inc.
3. When the land is seeded, the management receives an additional 100'000 free shares of BSC Inc.
The Board of Directors will distribute these shares to the managers accordingly. In summary, the investor is made aware that a total of 250'000 shares will be distributed for free to the founders and management. These 250,000 shares are mentioned in the presented business, as these shares can be granted at a short time horizon. These shares will potentially create a dilution of 12.5% approximately for the investor, over the next 24 months.

Of course he's going to reward the insiders.

Page 59

None of our management team has extensive experience in the industry
The Company has recruited the expertise of ECCI, (Exclusive Cotton of the Caribbean), and the Ministry of Agriculture, Barbados, to work in partnership with our team, being the Worlds leaders in research and production of the exclusive Barbados Sea Island Cotton. This commitment is granted as part of the exclusive agreement and arrangement offered to the Company for delivery of the project. No person, except those recruited from ECCI or the Ministry of Agriculture, (see business plan), in our management team has any experience in operating a business in the cotton industry but does have extensive commercial, international and brand management experience. This industry is subject to a large number of specialized rules and lobbying, and we may be at a competitive disadvantage in attempting to conduct a business in this industry without persons with broad familiarity with the energy industry. We intend to recruit senior management who has experience in this industry, but there can be no assurance that we will be able to retain qualified persons for this purpose.

He admits they are all clueless.

Page 60

There is no minimum offering amount, and we may need to raise additional funds if we do not receive the maximum financing
There is no minimum amount of financing we are required to obtain in this offering, nor is there any escrow into which the proceeds from the financing are to be placed until a certain minimum amount of financing is raised. We will have full access to all funds invested upon the receipt of subscriptions for the shares. It is possible that we may raise significantly less than the maximum amount of financing we are seeking in this offering. If this occurs, we may need to curtail our proposed expansion substantially and/or raise additional capital. As of this time, we have not made arrangements to raise additional financing and do not know whether we could obtain that financing or, if we were to do so, what form or under what terms such financing would be given. As an investor, you face the risk that your investment will be adversely affected by the fact that we may not be able to fully implement our business plan or that we must obtain financing on less favorable terms if we do not receive the maximum amount of financing.

Say hello to toxic financing or massive dilution.

Page 61

You will be subject to immediate and substantial dilution of your investment
In our start-up phase, we issued shares to our founding shareholders, consultants and early round investors at a price of € 1.00 per share. In today’s financing, we are raising funds at a price of € 1.00 per share. Investors will be requested in the second round to purchase shares at a price superior to € 1.00 per share for a much larger funding. This is a substantial increase over previous rounds of financing. The investor will realize a very substantial and immediate dilution on the value of your investment.

Massive dilution coming.

Page 61

We have broad discretion on how we use the proceeds, and we may not use them in the manner described in this memorandum
We fully intend to use the proceeds of this offering for the purposes listed in this memorandum. However, management may, in its discretion use the proceeds for other purposes if it deems, in its judgment, that such use is in the best interests of the corporation. In view of the broad discretion management has with respect to the proceeds of this offering, you should be aware that those funds may be used for purposes other than those which are described in this memorandum.

A license to steal your money and use it anyway they see fit.

Page 62

BOARD OF DIRECTORS AND MANAGEMENT
Current Members
BSC Ltd. presently has a staff of 4 people employed at various offices in (countries). Among the staff are:
Mr. Jonathan Bryant - Founder Exec Chair and CEO. He has worked with leading International Healthcare and Telecommunications Companies and has run projects with Governments in Europe and the Caribbean. He has extensive experience of project management and has a published medical research background as well as corporate experience at management level.
Mr. Conrad Wall - Ex Saatchi & Saatchi PR executive and extension experience of Global Brand Management. Conrad will run the projects marketing and branding efforts including the on line presence. Conrad has significant contacts and reach in Asia one of the key target areas.
Mr. Sean Kelly, 47, CEO and founder of StockTargets SA, an investment banking firm. He has worked for LODH & Cie, the well-known Swiss Bank, Bank SCS Alliance, Rothschild’s and SG Warburg. He has operated successfully as analyst, salesman and fund manager for various institutional funds and has been a columnist for the financial press and a radio host. He is an entrepreneur and has successfully founded and financed several start-up companies.
Mr. Birchmore Griffith - Barbados businessman with very close links to the?Government. Very well respected and will manage the farms and operational activity for BSC Inc. in Barbados. "Birch" was the Head of the Tourism Authority, Chair of the Barbados Golf Association and connected internationally in the Golfing world, one of our key target are for sales.
Mr. Gabriel Henaro - Gabriel acts as the BSC Inc. agent in South America for the Cotton Mill, Quality Assurance of the product produced for us and Sales Agent for the entire continent.
In addition, the Company would expect to add exec and non-exec members to the board whilst keeping the day to day employed workforce down to a minimum.

Some you know but I'll be researching the rest. I'm sure they are all scammers.

Page 62

SHAREHOLDINGS
There are presently 1,500,000 shares of common stock outstanding and we are reserving an additional, but still unallocated 150,000 shares for free issuance upon exercise of options to be granted in the future to inventors at a 24 months horizon. The following is a list of all shareholders who own more than 1% of the outstanding shares and the percentage they will own after the present offering.
Jonathan Bryant 80% Conrad Wall 10% Sean Kelly 10%

Look who owns all the shares.