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may be you are right. thanks for the reply.
see the 8k filing for UEEC
http://ih.advfn.com/p.php?pid=nmona&article=46681727
Kelly T. Hickel resigned from UEEC board. What his relieving from UEEC means to CTNO?
what this means to CTNO? Is Kelly T. Hickel going to be an officer in CTNO?
Today's PR: Tuesday, March 01 2011 9:15 AM, EST 8000 Inc. (EIGH.pk) Status Report and Supporting Evidence Document Summary of SEC Advocacy Submission Provided to the SEC on or about February 15, 2011 PR Newswire "Press Releases US - English"
MANASSAS, VA , March 1 /PRNewswire/ - Due to the on-going SEC investigation In re: Matter of Monks Den, and its impact on our business and stock, the Company finds itself in a stalemated position. For example, it is unable to file the Form 211 under Rule 15c2-11, mandated public disclosure to move from the grey sheet market. Even though the Company has a sponsor for filing purposes, the prospective sponsoring brokerage firm has advised us it will not proceed until the SEC concludes its investigation.
Through submission to the Company, not less than 25 shareholders have provided documented information relating to the issuance of physical stock certificates and detailed brokerage account information. In addition, 146 shareholders have provided information to the Company specifically detailing the number of shares they hold on their individual brokerage accounts by share purchase date and by individual certificate number. Those volunteering shareholders have been advised to a person by their brokerage firms that the issuance of certificates will be difficult, not possible or will take up to 8 weeks. It is only possible to conclude the merger when all shareholders and investors are given identical treatment. Therefore, the contemplated merger, in the Company's opinion, is still the most appropriate route forward, but is some weeks off in terms of delivery, specifically due to the issues surrounding physical certificate delivery.
Due to (i) the associated uncertainty (specifically regarding when the SEC will have concluded its investigation) and (ii) costs to pursue its alternatives given these regrettable circumstances, the Company has had to postpone the opening of the flagship store at Limegrove Lifestyle Centre until further notice. Upon conclusion of the SEC investigation, at least as it relates to the Company, we will immediately open the store.
The Company, in line with its open disclosure policy, is publishing its findings and the SEC Advocacy document to the shareholders, public and markets alike outlining its beliefs and evidence supporting its opinion that its stock is being manipulated or questionable trading practices have been employed, including its conviction that a significant naked short position exists in the Company's stock, EIGH.pk.
The Company requests its loyal, long-suffering shareholders, to evaluate the information contained in this PR and the 8000 Inc supporting Evidence Document available to the public on the Company's Facebook page and, hopefully, to continue to maintain their support through this difficult time. The Company is evaluating and assessing all options both commercially and legally and will continue its efforts to navigate the challenges it faces through circumstances largely beyond its control. The Company is, among other possible alternatives, looking at raising funds to progress and maintain the business and will advise its shareholders of any developments accordingly.
EIGH will continue to keep its shareholders apprised as events unfold. Also keep updated on 8000inc developments on Facebook or Twitter
www.brand8000.com
www.8000incgroup.com
www.8000inc.net
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.
SOURCE 8000inc
New FINRA rule 4320!!!
effective 02/28/2011?
FLOAT here is almost NIL. The traders/MM's are just recycling the tiny float. If the company releases meaty PR's or SEC filings, then stock will fly high.
According to last 8K-filing from 5/23/2008 "the entire authorized capital stock of the Bank consists solely of 6,000,000 shares of Common Stock of which 3,708,195 are issued and outstanding". thought the OS and AS increased later to 11.3m and 20m respectively as per pinksheets, the FLOAT looks remained same. ihub historing volume shows 9m since 5/23/2008 which excludes yesterday and today's volume after the merger news. ie. 9m traded in 5 years, so float might be very less, may be just a couple of millions!!!!
Friday, February 11 2011 4:05 AM, EST Surety Capital wraps up Herrera Financial buy M2 Communications "M&A Navigator"
US bank holding company Surety Capital (PINK:SRYP) said it had completed the acquisition of insurance assignment firm Herrera Financial Company .
The deal, whose financial terms remained undisclosed, involves the company's customer list, website, systems and name.
The acquisition of Herrera, which provides insurance assignment financing primarily to Hispanic funeral agencies, will enable Surety Capital to expand its service offering to the Hispanic business community, the buyer added.
Country: , USA
Sector: Insurance
Target: Herrera Financial Company
Buyer: Surety Capital Corp
Type: Corporate acquisition
Status: Closed
((Comments on this story may be sent to info@m2.com))
As per the deal, Surety is getting "CUSTOMERS" as well as "LINE OF CREDIT" which is great for growth.
you read my message wrong. SRYP paid 3m shares to to herrera financial for this deal. Read today's PR.
yesterday's vol was 190k at 0.005, where did you got that figure?
paid only 3m shares for the acquisition. so the post deal share structure won't look ugly. we have to wait for further news and filings. sure this will run for few days.
news: Surety Capital Acquires Herrera Financial
Thursday, February 10 2011 1:56 PM, EST Surety Capital Acquires Herrera Financial Business Wire "Press Releases - English"
FORT WORTH, Texas --(BUSINESS WIRE)-- Surety Capital Corp. (Pink Sheets: SRYP) finalized the acquisition of Herrera Financial Companys customer list, web-site, systems and name. Herrera Financial is a leading insurance assignment company operating throughout the United States . Veronica Herrera established Herrera Financial in 2007 to provide insurance assignment financing primarily for Hispanic funeral homes.
Suretys Chairman of the Board and CEO Ralph Mendoza , formerly Fort Worth police chief, stated Since Surety sold its previous banking subsidiary, we have been looking for opportunities in the Hispanic business community as it is the fastest growing segment in America. Herrera allows us to expand on our business plan of serving the Hispanic market. In fact the recent census shows Texas population growing by over 20% during the past 10 years with Hispanics accounting for a substantial amount of that growth.
Veronica Herrera stated, We are excited about becoming part of Surety Capital Corp. since it allows my clients a unique opportunity that's not available to others using an insurance assignment company.
Chairman Mendoza stated that, Dick Abrams, Suretys largest shareholder and a beneficiary of the trust selling Herreras customer list, web-site, systems and name to Surety, has agreed to remain on the Board of Directors and act as a consultant for Surety. Dick is the innovator for this industry and has been an instrumental influence the industrys development. Since Surety is only buying the customer list, web-site, systems and name of Herrera, Abrams has agreed to provide Surety with a line of credit bearing interest at 6% in order for Surety to transact business with Herreras customers. Surety agreed to give the Trust 3,000,000 shares of its lettered common stock.
Chairman Mendoza stated that Surety is exploring opportunities to allow Herreras clients to participate in the future growth of this publicly held corporation. Chairman Mendoza stated, We hope to provide a unique opportunity that no other company offers. Our clients will be able to own a portion of the company they do business with. We are excited over the prospect that our clients will have an additional way to profit from the business they transact with us. This plan will be announced shortly.
Forward-Looking Statement
This release contains forward-looking statements that reflect Suretys plans and expectations. In this press release and related comments by Company management, words like hope," profit, leading, opportunity, expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.
Surety Capital Corp. Ralph Mendoza , 817-984-8808 Ralph@sryp.net
Source: Surety Capital Corporation
after the "mediation successful PR" and then the pps went down all the way down due to PL's dumping of shares.
true. i am worried this sell off may be followed by a bad news...
worst day for this stock.
huge selling, probably by insiders. 1m at 0.0047 just went thro...
sure PL is dumping. he did so in the past after releasing the "merger" PR and after releasing the "mediation successful PR". where are the cheerleaders?
........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.
........we do it now or wait for "Full details of the process will be issued at the end of the due diligence review period as stated."
Regarding the Merger. I am a premium account holder with fidelity. They came back to me on my query regarding EIGH merger last week. They said that the company did not return their call, however the TA did. As per the TA, this is a premature news release or a mistaken press release by the company and as on date they didn't received any instruction by the company regarding the merger or certificate recall. so what to say!!!!!!!!! it turned out to be just yet another PR by the company.
i don't think yesterday's volume was selling. probably the MM's moved shares among themselves in shortest time. it's hard to either sell or buy for common investors since we are in grey.
1m vol so for.....
sudden HUGE volume, what's up???????????
i spoke him yesterday and i was told exactly the same thing. so just wait for further announcement.
i spoke to the TA today, he says that they are working the issue with the company and asked me to wait for more news.
wormwood, thanks for the info. the news is indeed great. my fidelity agent couldn't figure out, she said she will do a research on it and come back to me tomorrow afternoon.
i am in a call with fidelity, almost 1 hour, they could not figure out how to do a cert recall for ROTH IRA account. for regular account, they said that they can transfer the certs to the transfer agent electronically-but cant issue me a paper cert for this security.
so we wait for the detailed instructions to request the certs! what if we dont do so? will we loose all the EIGH shares?
so based on this PR/newsletter, the shareholders get the paper certificates from the brokerage house and send it to the TA to get the shares in the new merged company in certificate form which we will ultimately have to deposit into our trading account with some brokerage house. the whole exercise will take one month.
new photos with marble tiles laid posted in facebook. guys we all set for monday opening of brand8000 stor. enjoy.
http://www.facebook.com/home.php?ref=home#!/photo.php?fbid=10150091996148744&set=a.10150091996048744.282923.319800828743&pid=6145940&id=319800828743
.......8000 Inc share holder certificates being recalled and cancelled, in exchange for the same valued stock in the emergent business.....
looks like they will kill the ticker EIGH (withdraw listing from PK) and promote the new company/Ticker. promotion of brand8000 store and product will also promote the new company automatically thereby creating demand for the new company that is being merged into. it may take few days for the longs to get access to their converted shares. let's see what next week brings for the longs.
that's true. neck tag is the right plce to check. Morocco is a possibility. from the pictures, India is also a possibility, the workers look like Indians, the workers wearing Sikhs/Punjabi identity/dress.
knobbe marten's are smart guys. they have the patents as collateral for their payments. they will be part of the Bioharp even, just incase, Paul fails in the trial and gets booted out of xmdc/bioharp by Sam.
new photos in facebook on Brand 8000 Clothing packing at factory, before being sent to the UK for re-packaging and Global distribution
some new photos posted in facebook. photos of shippments/pallets details posted. looks like they are unpacking the pallets to arrange the goods in the show room right now. looks good, hope the store will be open latest by this weekend.
this board is very quite today!
i was glancing thro' some of the OTCQX companies. a company like TIXC looks good for EIGH to merge into.
PPS $1.3
Authorized Shares: 100,000,000
Outstanding Shares: ~19M
Float: ~11M
http://investorshub.advfn.com/boards/board.aspx?board_id=7657
hopefully we will know soon!
look who is opening in January!!!!!!!
http://www.limegrove.com/store.html