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Well time will reveal everything as they say...but for now anything and everything anyone says is pure speculation and is not solid facts and that includes the existence of a Naked Short Position.
BTW, which I know exists because the core of the den owns more than the float....but you don't have to take my word for it.
If this was a scam, Jerry Williams would not continue holding Trading Seminars right out in public as I'm pretty sure it would be a safety hazard for such an individual who you claim to be a scam artist. that would be kind of stupid....wouldn't you say?
Please provide me the details on such audits. I'm all ears.
FINRA is simply a reporting agency. They hardly regulate anything even though it says that in their name. If you don't believe me then please call FINRA and ask them how they get their information.
FINRA simply reports the numbers given to them. They don't validate, inquire, or audit any of it. Read their disclaimer or better yet, call them and ask yourself. Funny how you want to place so much trust into an organization that rids themselves of all accountability to investors for the information that they post.
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11 of last 16 trading days for EIGH are red (7 straight) down 70% from high of .44 in September
11 of last 13 trading days for CDIV are red (6 straight) down 81% from high of .715 in March
4 of last 5 trading days for PNTV are red (3 straight) down 47% from high of .405 in June
11 of last 13 trading days for GRNO are red(4 straight) down 70% from high of .73 in July
6 straight days of red here....7 straight days of red in E****
I agree. CEO of EIGH is more than 100% responsible for the sell-off. Each and every passing day raises more questions about his integrity as well as Monks in the eyes of a lot of people.
ive been in the stock since march....
I have no idea. Is this a special dividend or the Q3 dividend? thats the real question.
From overachiever:
Monk scammed you and everyone else. Did all of you really believe he bought that plane with money he made daytrading ETF's? He is a penny stock promoter and an evil one at that.
thats some nice confident message sent to me. atleast these bashers care more to message me than Monk does to send a mass email in a time of crisis.
my blood is boiling right now watching everything crash and im like that captain in the movie titanic ...going down with my ship...(thats what i feel like)
i rest my case.
WRONG! STOCK MUST BE HELD!
A special dividend is a payment made by a company to its shareholders that is separate from the typical recurring dividend cycle, if any, for the company. The difference may be the result of the date of issue, the amount, the type of payment, or a combination of these factors.
The amount of the dividend is declared special or significant in relation to the stock price. For this reason, the ex-dividend date is set one stock trading day after the payment date. The stock will trade on an ex-distribution basis, adjusted for the amount of the dividend paid one trading day after the payment date. The determining factor for a special or significant dividend is usually when the dividend is 20% or greater in relation to the underlying price of the stock/security.
To be entitled to a special dividend, you need to be a stockholder on the record date. To be a stockholder on the record date, your purchase would have needed to be made a minimum of three stock trading days prior to the date of record or record date.
In the case of special or significant dividends, the stock trades without the dividend from the record date, through the Payment Date, then adjust for the dividend paid and starts trading on an ex-distribution basis one stock trading day after the Payment Date. To be entitled to receive the dividend, it is required that you be a stockholder on the record date and hold your stock until the payment date in order to receive the dividend. When a special or significant dividend is being paid selling your stock between the record date and payment date relinquishes your right to the dividend.
The earliest you can sell your stock and still be entitled to the special dividend is one day after the payment date, or the date the stock begins trading on an ex-distribution basis.
seriously...when is this going to end....this is not good for my health...
im still human...
Monk...
- nowhere to be found because he's apparently doing his flying lessons or whatever while each and every FLD is tanking.
- it really sucks that last monday in the email .. he stated that he would write one later in the week and guess what...no email and this monday...mel writes the email.
"Look for the mid-week update to give some clarification regarding some of the frequent questions I have been getting lately…"
- now this disappearing act of E*** and their supposedly upcoming dividend is causing a lot of panic and the company is now being called a scam and monk is getting slammed post after post after post...
- whether true or not ... the public perception of monk is changing and as a person, i would never let anyone throw dirt on my name.
SO MONK,
my months of faith in your fundamentals and teachings and philosophies.....
I just hope and pray for one thing...please don't let me down with this EIGH dividend and become declared a scam/con artist by the world. Im a honest man making a honest living. Arent really too rich...whatever money I had ..I invested with you...(dont put money in that you cant afford to lose blah blah blah...so do you come with the mindset that you're chucking this money away?? so then why not just go to Las Vegas...hell of a lot more fun)
its not like you are going to read this post but i thought i would waste my time writing it.
except where was the squeeze? LOL
im disappointed in you my friend...but alas..you made money!
my parents taught me this since I was a kid:
if you dont have something nice and positive to say, dont say it.
as a society, we dont need additional pessimism
I hope there is news PR in the morning! something we have been waiting so long for....
cant reply to your PM as i dont have a subscription. I can reply if you PM me your email.
thanks.
what is a blind long?
you believe no one here is long? almost everyone here is long.
Nothing is wrong..but the team asks that if anyone needs to exit for any reason...they inform the team and the share transfers can occur in a manner in which the stock does not suffer.... AKA...
Person starts dumping on the bid with no one waiting to collect those shares and bam stock is down 30% on a day...
instead..the team sits with bid support to minimize the effect on the PPS.
But in the other plays...there were Short Raids by Tim Sykes and his group and they shorted the hell out of CD** with their massive amounts of capital.
There isn't enough volume to validate that a significant position might have been sold out into the market but there has been a case in one of the other FLD's where two or three individuals did in fact release their positions and they were quickly identified...one of them even admitted his fault and bought back his shares.
BUT if you are getting into names such as Monk, Lonegrey, Ex-Blockman, VZ3, BillyJack...then you're dreaming.
I agree and most of those longs turn out to be promotion companies who have been dumping their shares at the pump or a handful of investors who don't really own more than a fraction of the total number of shares. The core group of the den alone owns majority of the float. Smaller holders such as me don't really need to be in for the float to be bought up and stowed away.
When has the SEC ever done anything regarding MarketMakers?
Securities and Exchange Commission is an extended arm of all of these corporations.
Besides, why would the SEC investigate something which the MM's are not required to do by law? There is no reason for them to audit anyone since the MM's are not breaking any laws. They report whatever the SEC requires them to report. It might also be the case that SEC has access to these files but considers it a necessary evil in order for markets to function with liquidity. Also, there isnt much of a problem with what the MM's do since a case such as investors collectively going long in a stock in the Pinks/OTCBB is very rare.
Considering that I am getting this from a direct source....
The MarketMakers have NO OBLIGATION to any reporting authorities to publish their internal data and registers, so I have no idea as to why you might believe that internal MarketMaker files should be and are published for the public to see....they don't even do that for the NASD let alone Pinks/OTCBB.
As you say, there are individuals that get fired because of this but it is a RARE occurrence, because usually...a large number of investors dont go long in a stock at once collectively working towards a common goal.
Naked Shorts - Why they exist:
Im going to do a summary of why naked shorts exist and clearly end any discussion stating that they dont.
Since MM's need to make the market and provide liquidity since it is their job...they need to be able to fill orders NO MATTER WHAT.
example)
Broker A goes to MM 1 to fill an order.
MM 1 refuses because no seller is available to match orders.
Broker A goes to MM 2 to fill an order.
MM 2 obliges and fills order naked thinking they can cover at a later time.
Broker A will continue to go to MM 2 for future orders. In this scenario, MM 1 has now lost business from Broker A and this is not a very smart choice.
The problem occurs when investors go LONG...they keep buying the shares and holding them....what are the MM's supposed to do? It is required that they still provide the liquidity on the stock so they keep on filling orders with shares that dont even exist with the belief that they will be covered down the line. 1 year of this can leave the MM's in a pickle.....
The reason why this MM methodology works on 99.9999% stocks traded on Pinks/OTCBB is due to the fact that there is never a collective effort on those stocks to lock up the shares. Most of those stocks are typically pumps and dumps...MM's fill orders into the buying frenzy and then cover when the dump happens within the week.
The way to beat MM's is to go LONG on a stock as a COLLECTIVE effort of the PEOPLE! It is the MMs own obligations that get them into trouble. It isn't illegal to buy and hold stocks as is being indicated by individuals here...if there is an increase in PPS...then that may just be the result of MM's own doing...but not something that was intended to be achieved.
PS:
The reason why MMs dont get in trouble like this with Large Caps on Nasdaq (except VW and one other one recently) is because there are enough investors and individuals and firms and institutions trading the stock that there is enough liquidity in the market from just that alone so no need for MMs to do their obligations...
Also, if MMs were just matching buy/sell orders on the Pinks/OTCBB there would hardly be a fraction of the trading that goes on today.
why is the company just watching this bear raid... they could have helped us out a lot with a Monday PR....
call your broker and find out...mine said it might take 1-2 business days.
what is it going to take from EIGH to gain your support?
will you believe in EIGH if they pay out a $0.10 divy like they say they are going to?
are you serious? LMAO...get caught in their games.
no update from EIGH today either....WTF
alright keep thinking what you want.
"The float, as has been confirmed by the Transfer agent, is and has remained at 138,824,700. This is something that the company discussed many times and included in its current information statement. This is the number of shares issued by the company and is the total number of shares available. As we stated, a known number of shares are utilized resulting in the daily available float being 77,391,150 with 5M shares restricted. "
So essentially, the the number of freely available shares to be traded on the market is 77,391,150.
didnt you read my post? so which is the true freely tradable float?
77 MILLION!
The float was always 138.8 million with only 77 million being utilized and freely traded. start reading the information that is released.
these continuous price drops are not good especially with no news coming out. (except for yesterday and stock still went down)
50% off HOY now...
How many times do I have to tell you to call the Transfer Agent before you do it?
Until you do that, please stop posting false claims as to what the share structure is.
I suggest you call the Transfer Agent and get in contact with them instead of posting false information about EIGH and misleading investors and shareholders.
The key information today was this:
Subsequent to the report, the company undertook a sample audit of 545 accounts, correlated to their clearing or brokerage firm. These accounts showed a current held position of 82,745,008 shares of 8000inc common stock. Further assessment identified significant short positions, (>10%), within this sample. Of the total number of retail shares that they purchased, 29,581,931 common 8000inc shares, bought and held in trading accounts, are yet to be allocated to the various market makers and or brokerages
Yet on the OTCBB site, the retail short position for EIGH (that is often quoted)is 11,500 shares.
So the preliminary audit has revealed a significant illegal naked short position. Hmmmmmmm
Yet why is attention given to the float, the dividend, education of the executive, or any other aspect of the company. Because the Market makers do not want you to focus on this fact today:
The preliminary audit has "identified significant short positions".
Keep that front and center.
----------------------------------------------------
8000 INC COMMON (EIGH) OTC Type: Other-OTC
Short Interest for September 15 2010
Short
Interest Percent
Change Average Daily
Share Volume Days to
Cover
11,500 176.44 3,689,832 1.00
there are 138 million some shares that were released as common shares BUT ONLY 77 million some shares are available to be freely traded on the open market. The difference is being held for FINANCIAL ACQUISITIONS which have not occurred yet.
Call/email the transfer agent and they will tell you the exact same thing.
You should count the hours from the time that the company issues a buy-in notice to the brokerages.