Ex Luna Scientia
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Buys 652,871
Sells 50,586
Now that's what I like to see here!
What a nice close today
Closed above the trendline today while up %33 and at HOD...Wow looking very bullissshhhh!!
This time that we all had to accumulate DEGH on the sly I feel has been quite a gift but is nearing the verrry end of these cheap opportunities...News out of new and experienced members added to the staff in the beginning of the process of the Double R/M with the added setup of a beautiful chart..I do not believe in many OTC stocks what so ever but DEGH is a GEM!! Wow..
Yep, I'm thinking it is going right with this
Good to see that they are adding a strong and knowledgeable member to the management team and keeping shareholders updated in the process..
Thank you for posting this
Thank you for sharing this..I'm sure DEGH will be turning some heads in the very near future!!
When it crosses over the top or bottom line will usually be your buy or sell signal. Until then, the longer it trades in the pattern generally the more powerful the move will be. Pennants and ST's have a better chance to breakout upwards than down. Pennants also have a HIGHER chance to break out upward than ST's (%61 chance breakout upwards)(%54 for ST's) but I am seeing a ST more than a pennant. I could see a pennant due to the sharp rise before but other than that I'm calling an ST
Either way both formations are generally bullish
This is what a pennant looks like http://thepatternsite.com/pennants.html
This is a Symmetrical Triangle http://thepatternsite.com/st.html
Hope this helps
Looks like EIGH is takin care of business and gettin stuff done!!!
EIGH - Shareholder rights to remedy
FINRA and SEC Rules referenced have not been adhered to by member Broker-Dealers and the customer has not been protected. Immediate remedy is now demanded by the shareholders of EIGH and is required by FINRA Rules, through a request by FINRA for its member Broker-Dealers to immediately issue a buy-in notice for EIGH positions, subject to 11810 (a) and (m), outstanding and delinquent pursuant to SEC Rule 15c(3)-3 and FINRA 4320 and the associated rules.
Background
To date, 8000 Inc., its legal counsel and multiple shareholders have submitted factual, evidenced and supported information to FINRA in relation to what is now absolute and proven manipulation of EIGH stock by FINRA member Broker-Dealers. To date there has been no response, no reply and no action taken to our knowledge in support or protection of the Company, its investors and the public.
I would like to refer to the FINRA mission statement, “……… to protect investors and strengthen market integrity through vigorous, even-handed and cost-effective self-regulation.” So far, the Company and the investors have worked diligently and independently to research, collate and submit the overwhelming evidence in support of the claims. All of which can be easily checked and remedied by FINRA but as of yet, there has been no change to the situation, the practices continue and your Rules are publicly ignored.
As clarified by FINRA Broker-Dealers and previously submitted to you, EIGH is a book entry stock and therefore is protected by FINRA rule 11810, Close out Procedures, specifically sections (a) and (m), and that the Broker-Dealers have failed in their obligations by refusing to deliver requested stock certificates, non-reporting of the correct position of the current trading and naked short selling of EIGH, that they cannot as of today, deliver or control accrued securities recorded on their client accounts and that the FINRA accepted time permitted for remedy has been grossly exceeded in all parameters and rule scenarios.
Below are outline facts and interpretations pursuant FINRA Rules in support. These focus on simple, black and white FINRA rules to highlight the real situation, the non-compliance to stock and customer contracts and to ensure that your rules are adhered to which ensures the protection of the shareholder. The basic premise of the position is your definition of control of securities, “…..failure to receive or deliver transaction beyond specific limits”, pursuant to SEC Rule 15c3-3(d)(2). Delinquency in this has been proven through the submission of shareholder data relating to trading and certificate transactions and verified investor accounts. Shareholders have undertaken this task in order to protect their rights and have demonstrated to you unequivocally, the blatant manipulation of EIGH.pk and the Rules.
Finally, the member Broker-Dealers have contravened and are subject to FINRA Rule 11810 and SEC Rile 15c(3)-3 to the very simple fact that they cannot possibly control or possess the necessary numbers of shares required to deliver and control securities as per all pursuant Rules concerning the protection of Clients, FINRA Rules 4320 and 11810, and have as such been in this position for a time far greater than the permitted, allowable and accepted period as defined by your own Rules.
We would ask, having had reams of evidence from the Company and many shareholders to no avail, how do you wish or expect the Company and its shareholders to proceed to address independently, to aid and help you as the Regulators to protect and defend investors from manipulative practices? Please advise, please respond and most of all, please act according to your corporate charter. Protect the investors and public alike and bring to task your members who ignore the very rules they are signed and agree to abide to.
Summary
In order to unequivocally prove beyond doubt the our beliefs of manipulation of EIGH by FINRA member Broker-Dealers , in contravention to FINRA rules, 160 named individual and independent shareholders of EIGH, have provided witness statements, account screen shots and documented evidence covering both their shareholding and manipulative actions they believe have been executed against them.
These shareholders represent approximately 22.5% (approx. one fifth) of the total number of shareholders and use the services of 24% (less than a quarter) of the total number of broker-dealers that trade EIGH stock. Please note the stock transactional records show activity by These shareholders represent approximately 22.5% (approx. one fifth) of the total number of shareholders and use the services of 24% (less than a quarter) of the total number of broker-dealers that trade EIGH stock. Please note the stock transactional records show activity by The results show that 22.5% of the total number of shareholders, according to their verified broker-dealer account details, own 144,210,324 (101%) of the total issued. In order for this situation to not represent naked short selling of EIGH.pk, we must assume that the remaining 77.5% of shareholders do not own and have not purchased any shares. If they have purchased stock then the Brokers-Dealers involved, according to their own records and filings to date, have engaged in naked short selling and there is a non-reconciled position. The preposition that 77.5% of the total number of shareholders of EIGH.pk does not own a single share is both preposterous and absolute proof of manipulation by Broker-Dealers affiliated to FINRA. Simply put, more stock of EIGH.pk has been sold by FINRA member Broker-Dealers than has been issued by the Company.
Computer analysis, referencing the total issued number of shares of EIGH, revealed that in order to just accommodate the known shareholders (22.5% of the total) 174,944,188 Shares of EIGH.pk need to have been issued minimally to cover their purchases and the additional known certificate positions. The Volume of stock which has been sold to the other 77.5% of EIGH shareholders would be unknown and could only be described as naked short or “phantom” shares.
Evidence detailing churning, evasion of non-delivery and threshold reporting, non-delivery of certificates, refusal to deliver certificates when requested by shareholders, inaccurate and incorrect explanations by your members to their clients in relation to certificates and exampled instances of manipulation of EIGH and client accounts has been sent multiple times over the past 3 weeks. This additional non-questionable data goes to the cause of contract and Broker-Dealer laws. This is clear documented and witnessed failure of some FINRA members to comply with the rules and standards they have signed up to and not upholding those standards through their associated duty of care.
There is no doubt the figures provided by the shareholders are correct due to account screen shots and individual statements to testify. There is no doubt the example of manipulation that has been previously provided are fact and there is no doubt that there is substantial manipulation of EIGH or FINRA Rules and their interpretation. There should now be no excuse or reason for non action.
Specifically the principles applied to the management and responsibilities pertaining to member client contracts and customer protection. SEC Rule 15c(3)-3 is very clear in defining a shareholders right to his or her duly purchased stock in any quoted company. FINRA Rule 11810, states that for accrued, book entry securities:
(a) A securities contract that has not been completed by the seller according to its terms may be closed by the buyer not sooner than the third business day following the date delivery was due, in accordance with this Rule.
(m) Securities in the form of stock, rights or warrants which accrue to a buyer shall be deemed due and deliverable to the buyer on the payable date. Any such securities remaining undelivered at that time shall be subject to the “buy-in” procedures as provided under this Rule.
For the avoidance of doubt, accrue, or accrued, to increase, accumulate or come about through growth or addition
More stock has been issued to the public and investors of EIGH.pk than have been issued by the Company. Identified Broker-Dealers have not complied with their obligations under customer care, protection or contract, cannot deliver and do not control shares recorded as purchased within individual shareholder accounts. Under these circumstances and SEC rule 15c (3)-3, Customer Protection, an immediate buy-in notice must be issued pursuant to FINRA Rule 11810:
(a) A securities contract that has not been completed by the seller according to its terms may be closed by the buyer not sooner than the third business day following the date delivery was due, in accordance with this Rule.
(1) Written notice of “buy-in” shall be delivered to the seller at its office not later than 12:00 noon, Eastern Time (ET), two business days preceding the execution of the proposed “buy-in.”
We submit, not controlling or being in possession of EIGH.pk securities to cover those purchased by shareholders and the inability or refusal to deliver physical certificates renders the securities contract not completed by the Broker-Dealers and demands the immediate issuance of buy-in notices!
I further submit that 168 shareholders, approx. one fifth of the total number of the total, are prepared to testify that they have purchased 143…. shares of EIGH.pk and that it is recorded in their Broker-Dealer Accounts. This is more than the total issued shares of the Company. The shareholders will also testify to manipulative practices contravening all accepted securities and FINRA rules and regulations. The question that should be asked is, which shareholders legally purchased, paid for and own actual shares of EIGH.pk, and who did not?
Finally, the numbers of shares accounted for, the examples of non-delivery and non-performance, the transactional data and customer protection rules ignored, demands immediate action as requested.
EIGH Evidence Submitted to FINRA
Evidence Previously submitted to FINRA
The Company and shareholders have previously submitted factual evidence, written evidence and submissions highlighting and demonstrating the manipulation of EIGH. A document of all submissions and evidence will be put together covering all aspects and all provable data provided to FINRA. This documentation will be used as the reference for all future communications and to define clearly, the timelines of submissions to FINRA, and the vast evidence and to provide a permanent record.
These submissions include certificate transactional discrepancies, trading volume discrepancies, incorrect statements of procedural process, churning, evasion of reporting requirements and customer account irregularities relating to customer stock purchases, their control and possession and non-deliverability.
1. Manipulative fact and evidence
Shareholder requests for the physical delivery of certificates have not been acted upon by FINRA member Broker-Dealers. Transactional records cannot locate stock purchase of EIGH through FINRA member Broker-Dealers. More shares have been sold to the public and customers of Broker-Dealers by FINRA members.
Interpretation
It is mathematically impossible for FINRA Broker-Dealers to be able to deliver, to control and to possess enough certificates to accommodate the number of shares of EIGH they have sold. FINRA member Broker-Dealers have also failed to locate stock certificates and deliver physical certificates to their customers repeatedly. FINRA member Broker –Dealers have reported stock transactions of EIGH that do not correlate to the stock positions they have recorded in customer accounts.
FINRA rule applicable
FINRA 11810 – Buy-in Procedures and regulations
1. Manipulative fact and evidence
Shareholders have requested the delivery of physical certificates from FINRA member Broker-Dealers with examples of non-compliance, factually incorrect statements of procedure and in many cases, the refund of the fee paid in advance for the transaction without knowledge or instruction from the customer.
Interpretation
The inability to be able to deliver EIGH stock, to have sold to customers more than the total issued shares in EIGH constitutes both failure to deliver and failure to receive and is in contravention of the rules regulations.
SEC rule applicable
SEC 15c (3)-3 –Customer Protection
1. Manipulative fact and evidence
21% of the total number of EIGH shareholders according to their FINRA member Broker-Dealers own and have recorded through their Brokers-Dealers, more shares than have been issued in total by the Company. This position can be traced back over 12 months and corresponds to the transactional discrepancies already highlighted to FINRA.
Interpretation
As there have been more shares sold to the public and the shareholders than issued by the Company there is without doubt or question a short position in EIGH held by the FINRA member Broker-Dealers. As the shares held by the recorded shareholders have been constant for several months and the number of shares issued by the Company, and thus available, also constant, then the reporting rules and regulations have been evaded. Furthermore, this fact proves non-compliance of the basic rules of customer contracts and protection.
FINRA rule applicable
FINRA 4320. Short Sale Delivery Requirements
Applicable and relevant Rules
FINRA 11810 – Buy-in Procedures and Regulations http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=9699
SEC 15c(3)-3 –Customer Protection http://www.finra.org/web/groups/industry/@ip/@reg/@rules/documents/interpretationsfor/p037772.pdf
FINRA 2114. Recommendations to Customers in OTC Equity Securitieshttp://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=8229
FINRA 4320. Short Sale Delivery Requirementshttp://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=9398
Broker Dealers involved and identified by Shareholders
E*TRADE National securities
Scottrade Fidelity
Penson Merrill Lynch
Schwab First National
Brown Brothers Zecco
RBC Wells Fargo
EIGH Audit Summary
Shareholder Audit Summary
Number of shares held
Number of audit shareholders
168 (22.5%)
144,210,324 (101%)
Total number of shareholders
745 (100%)
143,824,700 (100%)
Total number of shareholders not included in audit
577 (77.5%)
unknown
Number of shareholder Brokers used by audit
23 (24%)
Total number of EIGH active brokers
87 (100%)
143,824,700 (100%)
Total number of Brokers not used in audit
67 (76%)
Total number of shares issued
143,824,700 (100%)
The one absolute conclusion that can be made based on this verified data is that more shares of EIGH.pk have been sold to22.5% of the total number of shareholders by broker-dealers than have been issued by the Company. It would be reasonable to assume, the other shareholders representing 77.5% (3.5 times the audit number) hold more shares. In so doing the broker-dealers have failed to complete their customer and share transaction contracts.
The above data was supported, evidenced and documented through verified shareholder records and testimony.
HUGE EIGH NEWS
Hitting the wires yesterday straight from EIGH!
“FINRA uniform code of practice”.
168 Shareholder statements have provided detailed, verified and substantiated factual evidence proving that Broker-Dealers are not in a position of control or possession of sufficient numbers of EIGH stock to satisfy or meet their customer account records or contracts. They have also been unable and unwilling to honor customer requests for the delivery of physical certificates. The Broker-Dealers have not adhered to their client contracts and the pursuant SEC and FINRA Rules. It is also proven that these Broker-Dealers have sold more stock to the public and investors than the total number issued by the Company and therefore have failed, contravened or evaded accepted reporting procedures.
It is proven through shareholder statements that 22.5% of the total number of shareholders of EIGH.pk have purchased and paid for more shares that the Company has lawfully issued.
In the trading of EIGH, Broker-Dealers have contravened FINRA Rules 11810, 2114 and subsequently 4320, and SEC Rule 15c(3)3 for a time greater than permitted or allowed and are thus, pursuant to those rules, now subject to an immediate buy-in notice.
The Broker-Dealers identified are unable honor and have not adhered to the rules pertinent to customer stock positions and contracts, reporting regulations, customer protection and the required buy-in procedures. They have failed in their customer and contractual obligations defined in numerous FINRA and SEC Rules, and far more significantly, they have continued these practices in defiance of FINRA standards.
However, as FINRA member Broker-Dealers have failed to follow accepted rules of reporting and recording of customer transactions and share contracts, it can only be the responsibility of FINRA to inform its members of their obligations to buy-in under this situation as they have failed in their contractual obligations to both the customer and FINRA.
Shareholder rights to remedy
FINRA and SEC Rules referenced have not been adhered to by member Broker-Dealers and the customer has not been protected. Immediate remedy is now demanded by the shareholders of EIGH and is required by FINRA Rules, through a request by FINRA for its member Broker-Dealers to immediately issue a buy-in notice for EIGH positions, subject to 11810 (a) and (m), outstanding and delinquent pursuant to SEC Rule 15c(3)-3 and FINRA 4320 and the associated rules.
EIGH over %70 of shareholders are holding non-existent shares! HUGE discrepancy, even bigger cover
That was over 5 months ago, if it is so obvious as you claim it to be why haven't they done anything? That's what I thought..
Yep thanks, I figured that was all you had to show me
Show me proof.
There was more than $65 worth of buying pressure...10k shares was all shorty was willing to part with. Must be getting scuuured..
Symmetrical Triangle sir :)
Completely sorry about that! I didn't look at your profile picture until you said that!..
Made a nice little climb today.. :)
Will definitely be watching this one closely sir..
Do you have DEGH on radar sir?
Mmm what happened to this turd today?
Looks like DEGH might try to finish that ST before it launches, not much room left for it to go though.. Still trading well within its means and lookinnnnnnn goooooddd!
I do understand how a trade is settled very much so.. I'm afraid it is you who does not fully follow the trail if you believe that big of a share discrepancy is due to intraday trades not settled yet.
Are you honestly trying to say that there is 170m shorted shares due to intraday trading on EIGH? LOL...wow
Show me proof of your accusations.
Yea too bad it was a partial fill for 10k or that may have almost been funny! You're getting close..
Provides no proof? LOL...Maybe you need to be drawn a picture.
What would make you say that?
LOL, right! This stock is junk because it has a low float, excellent support and a perfect ST...Oh and TWO RM's..
I'm on the same page with ya Hawk..DEGH is gonna be a beast..
That sounds like a tasty recipe for some money! :-P
Gave it an ask slap now sitting bid support for a bit :)
Sorry but don't almost all pinky's have crappy fundamentals.. That is why they are traded on the pink sheets correct? I'm talking about chart plays with you guys..Not IRA funds and FLDs..............
Yep got my finga on tha trigga!
Waiting for this baby to get above .035 and I'm gonna smack that ask all the way home :D
Yes..You?