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You are right!! Very interesting stuff. I am sure there are some interesting links to be exposed in the very near future
I am sure the more information sent to the SEC the better. The sooner FACT replaces OPINION the better for all concerned.
People inundated the earlier stated institutional investor with telephone calls and that is why they have asked not to be named in future declarations. This information has already been addressed publicly by EIGH
Do you think that could be a similar situation with institutional investors where there might be any number with less than 5mm shares and only five with more than 5mm?
No mention at all of fraudulent; on what do you base your interpretation? There has been no proof of any intent to defraud. In fact there has been no statement from the SEC. Your comment is speculation!!
I'm running out of posts. You have already confirmed that this statement - that you posted as fact - is pure conjecture on your part. If you wish to refute that please post the communication that you, or others, have received from the SEC. In fact, I would be pleased to see any direct communication from the SEC, to anybody in general or more particularly you, posted on this or any other forum. I repeat, anything you post re these ludicrous statements is pure conjecture. Have to leave it at that unless you can produce some hard facts from the SEC.
The Company has initiated - this is the fundamental statement. Not rebuffed by, requested by the SEC etc etc, simply a statement by the company that they have undertaken an initiative and presented it to the SEC for "approval". Why people continually try to represent postings as SEC fact is beyond me. The SEC has made no statement of any kind to anybody who is posting on this forum.
Thanks for your post OUtlaw.
"Claims of nss have been rebuffed by the SEC" was stated as a fact issued by the SEC. I simply asked for it to be posted, verbatim, and it has been confirmed that, yet again, it is pure conjecture. Your post does not address this posting but contains just another obtuse remark to try and support your opinion.
Thank you. So you have confirmed that your post was pure conjecture on your part.
I repeat! You posted "Claims of nss have been rebuffed by the SEC". Please now post any communication you or any others have that confirms this as a fact and not opinion.
Please post statement from SEC, not an opinion from Janice. You made a definitive statement - please back it up with fact.
Please post copy of this rebuff by the SEC
Who from the company has claimed this newsletter to be public information? It is what it says; a newsletter update from the company to investors, no more, no less, with confirmation of their compliance with the SEC requests to date and update on some aspects of their strategy and business plan, the main current operational part being the opening of Limegrove.
EIGH was not suspended for issuing innacurate information. As far as I am aware it was suspended so that the SEC could investigate claims by investors/others that EIGH....etc.....etc. The results of that investigation have not been published.
EIGH is, as you say, certainly down from your quoted points of purchase; but for a purchaser at 000 the stock is still most certainly up. I am not trying to say the situation is good but trying to say that comparing different time periods is pointless. Today, from open to the present moment, the stock is up - that's not to say it's good for any shareholder nor am I trying to distort anything.
Just another perspective: my stockcharts shows a percentage gain or loss from opening price of the day to the current price or closing price of the day. This is the standard of measure daytrading on all charts to remove the "discrepancies" of, for instance, gapping and to show the %age gains/losses per day. You can read it however it suits - there may be those who bought EIGH at 000 and can say they are up, for instance. What a pointless discussion at this time.
I have no side to this argument but the failure to issue a dividend having given an apology does not confirm a scam. Please look up the definition of confirm
I apologise, I may have double posted here - I was called away.
1 and 2 Mentioned under financing as a draw down facility and possibly the reason it could not be used for the dividend payment. I am not familiar with GAAP but you appear to be so maybe you would comment
3 I don't know but I would suggest you contact the company for that information. Earlier it was reported by some that 8000inc racing had "crashed and burned" but it was mentioned in the filings that they took pole and a podium finish at Watkins Glen, the last race of the season. It is dangerous to post on opinion rather than confirmed fact.
4 I would suggest that any revenues and costs for the 3/4 week period in September would be journaled through to the next quarter financials, nothing sinister, common accountancy practice.
5 The accountancy firm used state that they are GAAP qualified. Why don't you contact them and confirm their qualification?
I have to go "off air" until Monday; maybe we will speak further then
Obviously size is more important to you than revenues and profits. A T shirt, as you call the range of clothes, is smaller than an electrical item and does not need the storage room and the rate at which the first batch was sold they do not need a large storage facility. Or maybe, they will use facilities at the new HQ - who knows?
Some further information from some current dd via the New Zealand Herald:
Its client base is extensive: - Bancorp has advised corporates such as INL, Mercury Energy, Aetna International and Countrywide Banking Corp on issues such as takeovers and the establishment of corporate funding lines.
Bancorp's new management team is likely to focus on current hot sectors such as health and energy.
Bancorp is advising Auckland Healthcare on funding options for its proposed new Grafton complex - an issue which is causing hot debate between some Government officials who advocate lending the capital at the lower Government rate, and, those who believe it should be funded from the private sector and kept off the Crown's balance sheet if at all possible.
Green has been working as part of Auckland Healthcare's team on the issue - a foretaste of Bancorp's new modus operandi where available expertise will shunt in and out of clients' affairs.
Please post where in the filings EIGH is confirmed to be a scam or is this yet again unsubstantiated opinion?
Just use your search engine and enter "Merchant banks in New Zealand" or whatever. It's all part of due diligence or are you just posting opinion without dd?
You state the store is a modest affair. When did you visit it to confirm this?
Excellent news; I hope they have an input. Established 1987, listed in New Zealand's list of Merchant Banks, blue chip client base. Check it out - I don't need a response.
Thanks; just a point wrt %ages and profit, a 1 cent move with 1000 shares bought is better than a 1 cent move with 500 shares, especially when it is a "flat" day. I hadn't thought of the Q's so I will take a look at them. Thanks again, bertie
Hi ExB, any suggestions of lower priced ETF's or similar to trade, somewhere around the $12 mark? Recent events have hit the kitty. Doing OK on FAZ but a bit slow. You can PM if you prefer.
I am in but I agree with your sentiment; I am trusting Monk to come up with a full and complete explanation otherwise everybody will leave the Den
Good morning. I have just been reading my day trading notes - another story - and came across the following quotes, taken from a programme in the UK entitled "Million Dollar Traders", and thought they might be of interest.
A rule says:- You must do it this way
A principal says:- This works and has worked through all remembered time.
Inexperienced traders obey rules....Artists master the form and become succesful traders who learn and apply principals, not rules.
Haven't we been taught Monk's principals well !!
Thx; I'll check them out. Thanks to everybody else who has replied to my question.
Thx. I'll check them out.
I am a large holder of E...My broker is J2T and I have the same challenge as many others; 1. I can't buy EIGH through J2T and 2. if this is the start of the squeeze I can't sell through J2T when we hit the peak. Would anybody like to post info. on a broker with whom they are completely satisfied for day trading (F's)and who handle EIGH and do we have any idea if we will get dtcc eligibility? It will take (so I am informed) three weeks to transfer my stock in certificate form. Public or private posting is OK.
bertie
Thanks ExB. The F's have been a bit sideways for the 5 min and I have been a little impatient having come back from the 1 min for a slower trade so I was interested in any info that indicated an earlier entry and a later exit - more profit.
Nice to hear from you,
bertie
Thanks ssb. I didn't think there were any changes, just some additional indicators. Because we all have our own "interpretations" of charts, even when following the Monk rules, (hence sometimes getting in late or out too early etc etc), I felt any further confirmation signals to exit would be an advantage to all.
Thanks again for your reassurances,
bertie
Good morning from the UK; this post is in general and not to you, Alejandro, in particular - my apologies for that - my message reply to "none" does not appear to be working.
Over the last few weeks, due to personal challenges, I have not been as active as I would like but have kept myself abreast of the general situation by reading the forums. One recent post particularly caught my attention and related to "new" exit signals for the 5 min chart taught at a recent Monkinar.
As the Den becomes more and more "professional" I thought it might be a good idea if a simple "Aide Memoire" of entry and exit signals was produced and distributed by e-mail to those who have attended Monkinars, including 1 min for the advanced classes. A simple bullet list would be acceptable. I fully understand that we have taken our own notes and members have produced notes for the benefit of others, for which many thanks, but bringing it up to date and all in one place seems a good idea to me.
For many of us, trading the F's is the means whereby we are able to hold on to our stock, buy more and avoid having to sell stock to "buy the groceries"; we are not all able, for a variety of reasons, to attend all the Monkinars or even more than one.
I hope this does not appear presumptious, but perhaps Jason could take this on board.
What are the thoughts of other members on this?
bertie
That makes me feel more secure - thanks. Tdsk84 also advised me to trade on the 5 mins but keep an eye on the 1 min and it really does seem to be the best way to build up confidence and understand the different pitch of the two charts. Nice to hear from you BJ.
Hi tdksp84. Sorry to hear this; what a nasty industry this is. I hope you get it sorted - I am with J2T and a little anxious. EIGH is restricted by J2T although I have now had confirmation that the papers have been filed for DTC eligibility so hope it will be sorted by next week. I am hoping that the Den members can collate all the info. out there and we can then make the best choice of broker etc etc. bertie
Thanks Cici, I had a lovely holiday although delayed by a couple of days due to the volcanic ash situation. I'm doing OK with the F's although I am going very cautiously; I feel that you learn more with real money. Did a couple of weeks paper and then a week or two live on the 5 mins without too many problems and then went on to the 1 min and found it difficult. Sent a PM to our leader who advised me to slow down, which I did, and have come back to part time 5 min and easing gently in to 1 min. I'm looking forward to making more on a daily basis but all profit is profit. How are you doing?
Just got back from hols in Spain and decided to dip my toes in the waters of the 1min F's. I found it a little bit scary c/w the 5mins but came out on top; found I got out too early and in a little bit late but it's all a learning curve and now that I am reasonably comfortable with the 5 mins I felt it was time to join the "big boys". Best to all the Phoenix crowd in particular and all Den members in general. Hope to meet some of you at Boston. Having an early finish today - it's 20.20 in the UK. bertie
Hi Sir; following your advice, I am taking it slow and steady - patience is the key word - and it's paying dividends. I've been speaking with Randy and he's been really helpful and given me a few updates from Indiana. Nice to see you back with your family safe and sound.
That would be brilliant; the weather is really nice at this time of year and it's full of Spanish endorphins. Are they the one's on horseback or do they just carry a cloak?