EIGH Share structure
|Market Value ||$1,438,240 ||a/o Dec 31, 2010 |
|Shares Outstanding ||143,824,000 ||a/o Sep 30, 2010 |
|Float ||72,391,750 ||a/o Sep 30, 2010 |
|Authorized Shares ||700,000,000 ||a/o Jun 30, 2010 |
|Par Value ||0.0001 |
8000 Inc (EIGH.PK) Statement to Shareholders –February 15, 2011
As previously announced, 8000 Inc. (EIGH.pk) is volunteering information to the SEC relating to (i) the
proposed merger with a non-shell trading Bulletin Board company as well as (ii) its demonstrable
evidence regarding its concern about a suspected manipulation including a naked short position, in its
common stock (estimated by the Company to be an amount greater than twice the reported float).
Today, the Company volunteered additional information to the SEC Staff collated from the transfer
agents transaction and certificate reports for the periods August 22, 2010 to September 30, 2010 and
October 1, 2010 to December 31, 2010.
The Company has publicly stated that, due to the many issues raised, the contemplated merger (and
associated share exchange) will be undertaken only through the recall and retirement of EIGH.pk
certificates. This position is further reinforced by the following facts identified in the transactional
? Shares were exchanged, traded or transferred by several brokerage houses during the period
of the Company’s trading suspension, November 4, 2010 to November 17, 2010.
? Several brokerage firms transacted internally, same day, the sale and purchase of large
numbers of shares not recorded in the trading day volume. The events so far recorded
equate to over 30% of the trading days.
? Over defined periods, the number of shares purchased and recorded as such by brokerage
firms was greater than the recorded trading volume
? Trading volume recorded for defined period was seen to be significantly less than the
transactional volume in over 60% of the trading days.
These events are not the only identified examples raising issues of improper trading of EIGH.pk They
do, however, lead the Company to the conclusion that the matters need to be investigated and the
decision to recall certificates in relation to the contemplated merger, being correct. The Company has
submitted all data and further findings to the SEC Staff and requested assistance with this matter to
the degree provable, highlighting all questionable events. The Company is further supported by the
now known issue of non-delivery of requested certificates to Shareholders, equally exampled and
relayed with the SEC Staff.
EIGH will continue to keep its shareholders apprised as events unfold. Also keep updated on 8000 Inc.
developments on Facebook or Twitter.
1 0 4 3 2 B a l l s F o r d R o a d S u i t e 3 0 0 M a n a s s a s V i r g i n i a 2 0 1 0 9
8000 Inc (EIGH.PK) Statement to Shareholders –February 8, 2011
As previously announced 8000 Inc. (EIGH.pk) is providing information to the SEC relating to (i) the
proposed merger with a non-shell trading bulletin Board Company as well as (ii) its demonstrable
evidence regarding its concern about a suspected naked short position in its common stock
(estimated by the Company to be an amount greater than twice the reported float). Per requests
from the Staff, supplemental evidence from the shareholder, certificate and stock transaction lists is
being forwarded today. The Company has been copied as supporting factual representations by
Company shareholders directly to the SEC.
EIGH has advised the SEC Staff that it will issue a public statement about the proposed merger as soon
as it has concluded its due diligence. Meanwhile, the Staff has indicated that, consistent with their
policies in the area, it is aware of the Company’s and shareholder concern and proposed resultant
corporate actions. In that context, we understand the SEC Staff can’t provide legal advice or otherwise
express any views on the proposed corporate actions.
? As to the Company’s proposed merger as outlined; or
? To the Company’s intent to request shareholders return their common stock certificates for
recall (i.e., cancellation) as part of the transaction.
Because of the concerns expressed above, the Company will not release the name of the target entity
until after its due diligence review is concluded and upon the effective date of the share exchange.
The contemplated merger and associated share exchange between the two companies will be
undertaken solely through the receipt of 8000 Inc. stock certificates with the pro rata stock in the new
entity being issued electronically and directly to the shareholder account pursuant to an independent
opinion of counsel. Absent a surprise, the Company expects to issue direct instructions to its Transfer
Agent near term, most likely in the next two weeks. Shareholders are asked, in the interim, to
request physical delivery of their 8000 Inc. stock certificates from their brokerage firms in preparation
for the contemplated merger and exchange. Full details of the process will be issued at the end of the
due diligence review period as stated. The certificates will be verified against the Transfer Agent’s
records. No exchange of stock in the new, combined Company will be undertaken without the
provision of a physical certificate. Through this process, the Company hopes to address the
shareholder concerns and in so doing progress to a higher quotation and accountability.
EIGH will continue to keep its shareholders apprised as events unfold. Also keep updated on 8000 Inc.
developments on Facebook or Twitter.
8000 Inc (EIGH.PK) Statement to Shareholder –February 3, 2011
8000 Inc. (EIGH.pk) announces that it has provided the SEC today additional details of EIGH’s
proposed merger with an OTCBB company per a February 2, 2011 SEC subpoena on the topic.
EIGH has confirmed with the SEC that it intends to issue a public statement about the status of the
current inquiry and has requested the following of the SEC Staff:
It has no objection to the Company’s proposed merger in the interim; and
It has no objection to EIGH’s request for its common stock certificates in the merger be
recalled [returned for cancellation] as part of the transaction.
Those discussions are expected to ensue shortly.
Legal Counsel, through a second submission, will be:
~ Providing documents identifying the individuals EIGH believes is responsible for the public
posting of fraudulent and false allegations made against the Company on internet investor forums
and blog sites.
~ Supporting evidence to prove clear association between ALL these matters, and the
individuals responsible, is also being given.
~ Submitting further information relating to the fraudulent use of the Company name and
marks (including factual documents identifying the recorded publisher of the illegal content on
www.8000inc.com (a former EIGH website that has been hijacked) and the associated parties.
Shareholders and the public should also be aware that due to the apparent refusal of at least one
brokerage firm to provide a physical certificate to one of its clients, an independent EIGH shareholder,
a complaint has been filed with the SEC and a case number now formally allocated.
EIGH will continue to keep its shareholders apprised as events unfold. Also keep updated on 8000inc
developments on Facebook or Twitter
This news release contains forward-looking statements that are subject to certain risks and
uncertainties that may cause actual results to differ materially from those projected on the basis of
such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes,"
and similar expressions are intended to identify forward-looking statements. Such forward-looking
statements are made based on management's beliefs, as well as assumptions made by, and
information currently available to, management pursuant to the "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995. For a more complete description of these and other
risk factors that may affect the future performance of 8000 Inc., see published disclosure documents
at www.OTCMarkets.com. Readers are cautioned not to place undue reliance on these forward looking
statements, which speak only as of the date made and the Company undertakes no obligation
to disclose any revision to these forward-looking statements to reflect events or circumstances after
the date made or to reflect the occurrence of unanticipated events.
8000 Inc. (EIGH.pk) Announces Proposed Merger (January 31, 2011)
8000 Inc., a Nevada Corporation currently traded on the OTCMarkets Pink Sheets (EIGH.pk), today announced that they have conditionally signed an agreement in connection with the pending merger and acquisition of a currently trading, non-shell Bulletin Board Company, current in its filings. The Board of 8000 Inc. has approved this merger under Nevada state law whereby there will be no change to the rights, ownership or conditions for all shareholders after the merger is completed.
Due to the current public shareholder concerns and speculation relating to the common stock of 8000 Inc., the transaction and will remain under the current signed Non-Disclosure Agreement (“NDA”) until concluded. The agreement has placed a 14 day time frame, commencing today, January 31, 2011 for completion as dictated by the NDA and agreed respective due diligence over the period. The Company, because of the existing inquiry, voluntarily informs the SEC of all its substantive corporate actions.
The acquisition, if consummated as expected, is being structured as an exempt share exchange transaction between the shareholders of the two companies with 8000 Inc. stock being exchanged for stock in the Bulletin Board Company pursuant to an opinion of third party independant counsel being provided accordingly. Due to the fact that 8000 Inc. (EIGH.pk) is non-DTC eligible, 8000 Inc. shareholders will be asked to request delivery of their shares in paper certificate form from their brokerage accounts. All existing shareholders will then be asked to send their certificates, and DTC delivery instructions for their brokerage accounts, to the Company’s Transfer Agent, Signature Stock Transfer Inc. On receipt of the paper certificate, the Transfer Agent will verify and confirm ownership, and 8000 Inc. certificates will be exchanged with shares in the new combined [or merged] Company via DTC. No exchange of shares will be undertaken until the TA has received the paper certificate and verified ownership by the shareholder. Detailed instructions will be made available to all shareholders within 5 days of the due diligence period outlined above.
For more information please visit: www.brand8000.com www.8000incgroup.com www.8000inc.net
Also keep updated on 8000 Inc developments on Facebook or Twitter
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of 8000 Inc. see published disclosure documents at OTCMarkets. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
Statement to all Shareholders of 8000inc (EIGH.pk)
November 22, 2010 9:15 AM ET
MANASSAS, VA, Nov. 22 /PRNewswire/ - On November 8, 2010, the Company became the subject of a trading suspension and an SEC Subpoena "In the Matter of Monks Den."
The trading suspension, which related principally to questions about the accuracy of certain press releases, was lifted at 11:59PMNovember 17, 2010.
The Subpoena required the submission of documents and testimony of certain persons associated with the Company relating principally to its relationship with Monks Den. Through its legal counsel and advisors, the Company and such Subpoenaed persons are cooperating fully with all requests from the SEC, have submitted the documents required under the Subpoena and the first of at least two SEC depositions to be given in this matter is scheduled for Monday November 22, 2010.
Preliminarily, the Company wants to state publicly:
- It is not and has never been involved, independently or in combination with Monks Den or its principal(s), in any illegal stock profiting scheme (commonly called "pump and dump").
- The Company has not to date paid for any promotional activity and does not engage in any such activity.
- The Company is a legitimate, active Company which its management feels is gaining traction in its redirected business plan and, in fact, poised to become successful, among other activities, development of its Brand8000 and nurturing the companies it has acquired over the last 11 months.
- The Company accepts that it should have handled certain actions differently and is prepared to take all appropriate corrective actions, including issuing appropriate corrective disclosures.
- Nonetheless, neither the Company nor the Subpoenaed persons have engaged in illegal stock profiting or market manipulation.
In fact, the Company would like to clarify and make public the following:
- The acquisition of Monks Den was never completed; no payment was made or exchanged; and was not concluded. The Company accepts this aborted transaction could have been clarified earlier and this will be addressed with the SEC.
- In conjunction with the Subpoena and its full cooperation with the SEC, the business records, activities, invoices, orders, agreements and additional supporting documents submitted have aggregated not less than 8000 pages (some 1.4GB of documents and records).
- For some 6 months, the Company has been aware of illegal naked short positions and it has submitted stock audit findings and related documentation in the Company's submission to the SEC. This audit was based on the certified stock and certificate count prepared by the Company's Transfer Agent which recorded all stock positions by certificate number and by brokerage account as of September 30, 2010. This data was used as the base line and reference point for the Company's internal audit. Comparison to the certified baseline data identified discrepancies in the trading and stock positions of 8000inc stock. What is of concern to the Company is that significant numbers of shares purchased were not recorded and could not be identified in the Transfer Agents certified records. All data at the certificate and account position level, together with the identified discrepancies and Company's conclusions have been submitted to the SEC in full.
- In that context, the Company has sent all recorded voicemails and e-mails, including those of a threatening nature, as part of its submission to the SEC.
- Similarly, the Company has included in its Subpoena response its compilation (including names, websites, relationships) a file of all public boards making false allegations and associations pertaining to the Company and its associates engaging in scam operations, pump and dump schemes or payment for services, etc.
- The Company will accept any future operational and disclosure directions from the SEC.
- The Company and its associated persons are redoubling its efforts, looking back and forward, to make full and fair disclosure of its proper business activities.
While the Company regrets the trading suspension and investigation, it is more troubled with the scurrilous comments and false statements about the Company.
The Company will continue to inform and update its investors accordingly.
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of 8000inc. see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
8000inc Web Site
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OTC Pinksheet : EIGH.PK
10432 Balls Ford Road
Manassas, VA 20109
Signature Stock Transfer, Inc.
2632 Coachlight Ct.
Plano, TX, 75093
The Breitinger Agency was acquired for 22M restricted shares of 8000 inc. common stock. The acquisition was completed on the 19th November 2009 with The Breitinger Agency becoming a wholly owned subsidiary of 8000 Inc.
The principle motivation for the acquisition was a significant branding opportunity. The Breitinger Agency has good foundations within a competitive status market and needed financial stability and opportunity to maximise its presence. 8000 inc. was able to provide this stability and financing and is so doing expanded its brand reach into a new market, new country and position itself within a high profile brand-reliant market.
8000inc (EIGH.pk) has teamed up with an exclusive London Fashion House to design, develop and produce the first two 8000inc clothing lines.
Negotiations are underway with a worldwide distributor, with stores bidding for exclusive rights to sell this exciting new collection of aspirational clothing, sportswear and accessories from the 8000inc brand.
Below: Brand8000 had huge presence at the games in Barbados on 03/17/10
Brand8000 promotion in limegrove.com
Look at and compare other brands in the list with Brand8000. It's HUGE. Where this one is heading?
8000 Inc is currently negotiating a business combination transaction and investment with two listed companies. These investment transactions will result in further additions to the 8000 Inc. portfolio and brand. These companies are aligned to the markets 8000 inc. currently operates in, both geographically and industry sector. These investments and combinations are specifically intended to provide financial resource for expansion of the target subsidiary.
As they are listed corporations, the business combinations will result in 8000 inc. shareholders of record at the transaction closing, receiving like for like stock dividends in the acquired corporation. This is an additional benefit in the acquisition of public companies and business combination transactions, which not only benefits the expansion of 8000 inc. but increases shareholder value.
8000 inc. has also agreed to sponsor a potential 2012 Olympic track and field star. The sponsorship will provide funding for training costs and expenses to ensure a full focus on the 2012 games is maintained. Currently, designers are putting together ideas and swatches for company branding on training and promotional kit. Full details will be announced during December 2009 and a full biography will be released.