Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
News: Friday, October 22 2010 12:52 PM, EST 8000inc (EIGH.pk) has taken the next step to finalize the acquisition of wholly owned subsidiary Southbridge Development Group Inc (SDG) and expand its Property Division PR Newswire "Press Releases US - English "
MANASSAS, VA , Oct. 22 /PRNewswire/ - As part of its investment strategy, 8000inc will provide through restricted stock the first traunch in the initial $1.5M working capital for this subsidiary project to begin its site development. SDG is in the final stages of signing a lease-purchase agreement for a four-star hotel/convention/training center and an industrial park that has a total of 1.2 million square feet of facilities.
Larry Mathews , CEO Southbridge Development Group , stated, "This is great news for us as a group and at last we are now able to put in place the plans to deliver this important project to the community and to hopefully make a difference."
The SDG project not only has training and industrial facilities, it also has its own power plant and transportation facilities to service a wide variety of business initiatives. The power plant may prove to be a very useful facility, especially in a future constrained energy environment. In addition, the Southbridge area has a robust manufacturing culture, a talented and motivated workforce, and is strategically located in the Northeast metropolitan corridor. SDG's negotiated joint venture arrangement with a foreign investor visa program for educational services, real estate development and manufacturing will provide thousands of jobs in Southbridge and the Commonwealth of Massachusetts . Investors in Asia , India and the Middle East have expressed interest in this SDG project.
Thomas Kelly , CEO of 8000inc commented, "I am pleased that we are now able to commence with this project. It offers real help and opportunity to the locality, veterans and businesses. Politically, we believe this project will have far reaching implications and will be replicated. This final step was driven by the company's decision to acquire businesses in the construction and allied industries. In line with the site for the corporate Headquarters and Sporting Centre of Excellence and the Southbridge site, the Board felt it was sensible to acquire operations within the construction industry to develop these sites and to maintain its managed property portfolio. 24/7 access to construction contractors from within the group is now available with the fess for these services now retained within the group increasing profitability, and more importantly control. This strategic step provides the perfect vehicle to expand the Group across the Caribbean through established companies without the necessary start-up requirements and costs."
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 "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.
SOURCE 8000inc
now we need a Nice website, name change/ticker change, and KFDA to start with..........
link to the news in their website
http://www.kmob.com/news.cfm?nid=105
It is possible to retire that much shares,
-10m buy back from the open market (might have bought a lot already in last 2 months)
-20m from big holders of Monk's Den
-20-25m from the restricted shares issued to acquire companies like bertinger agency(i think 22m shares were issued), skyvillas, Southbridge Development Group (i think 5m shares were issued to them)
add all these shares, it is possible to buy back these shares and retire.
OS is only 6.8m, don't know the float. good if they don't cancel the OS when coming out of BK.
0.05 today, what's happening with this stock?
probably COMPLETED already and not disclosed yet?
to complete several acquisitions to be announced in the next few weeks.
read clear, the news says...merger with a target entity established on a higher exchange.
this news is HUGE indeed...
my fidelity account shows INIX with double quantity, however my TDA account doesn't yet. may be they are short. they may update once cover the positions, which may push the pps higher little bit.
sorry, at 0.0126
1.8m at 0.0179
250k at 0.018
200k at 0.0135
it may be a mistake or a wrong doing by the company. however i am sure they did not sell into the run, so they can give appropriate explanation and escape if at all there comes any investigation.
i think this div is real. news release is different from FINRA/SEC filings. they paid the dividend as per their filing with FINRA. this is not bad. if the company issues a share buy back PR next week, then the shorts will run for cover.
i got my 0.005 dividend in my fidelity account.
we may get some sweet surprises in 3Q report due in next two weeks, like good numbers with REDUCED FLOAT etc.,
last one week total volume not even equal to holding of top 3 Monkers total holding
probably EIGH may go ahead with the filed 0.005 special dividend and declare a 3Q quarterly dividend of over 0.10 when the release the 3Q report. MM's will take this down during the in between period and may try to short again. if that happens we/Monk's Den should buy again and hold.
if EIGH changes the div amount from 0.005 to 0.10 then they have to pay a fine to change the declared/approved dividend. so they might have decided to give another dividend for 0.10 on top of 0.005. let's wait and see.
the way we trust our barber, our doctor etc, one has to trust someone at some point as our investment adviser. those who trusted Monk are being rewarded big time. go Monk, go EIGH.
the downside is, MM's will take this to 0.002-0.005 range in the short run and try to take shares out of the market. it will come back to present lever (pps around 0.01) after some time. all shares issued to SL name will be cancelled and the OS/AS will be reasonable. Paul has some dollors too which he collected by selling shares also he has connections. He will find another merger candidate.
thanks Billy and EX
Billy, what is this W-9 form? do i have to file it? if so to whom to get the dividend?
SEAB on top of the bid and the ask is above yesterday's close, meaning we are opening green.
what "dividend plus special dividend" in the last PR implies? it may be a cash dividend (say 0.02 per share) plus a share dividend at 1 share per every 10 share held on the record date. i wish i get more shares of this company than cash.
it could go either way in short time. this is a long term play. at the minimum we should wait until Q1 2011 to get great rewards.
great insight Rainmaker. You, navycmdr and Princess17 are great asset to this board. thanks for coming back to the board at the right time and giving valuable inputs.
3.2m trade at 0.0006 this morning is not real, its MM manipulation. most of the brokers yet to deliver the shares. i have INIX in TD Ameritrade, Fidelity and my friend has it with zecco. none of our accounts has the INIXD shares yet.
-38% with 2.3m vol. why?
looks like CASH+SHARES Dividend!!!!!!!!!!!!
0.40 painted
looks like day 1 of squeeze. 1.5m traded in just 30min and pps is down. i think the MM's are covering their cross sold short positions. this will pop up huge soon.
Forward Split Update news just released
Tuesday, September 14 2010 1:17 PM, EST iFinix Corp. Forward Split Update Marketwire "Press Releases "
PLAINVIEW, NY -- (MARKET WIRE) -- 09/14/10 -- iFinix Corp (PINKSHEETS: INIX), a provider of real-time financial information and services to active traders and to the securities industry, announced today that after numerous conversations with various Finra examiners, Finra was unable to give the Company a time as to when Finra would approve the Company's application for its 2 for 1 stock split.
iFinix submitted its application to Finra on August 31st 2010 and was required by industry regulation at that time to announce the submission of its application for the split and also to announce the "record date." Subsequently, the Company promptly submitted all of the additional documents requested by Finra for examination. Now the Company patiently awaits Finra's approval of its application. Finra also indicated that under certain circumstances they may invoke their right to change the "record date" at their own discretion.
CEO Benhope Munroe stated, "The Company has done everything possible to expedite this process, but now it has become a waiting game." However Mr. Munroe added, "None of this will prevent the iFinix management, officers and directors from aggressively pursuing the company's goals. We are dedicated to continue to move forward and accomplish all that we set out to do starting from my appointment to the position of CEO fifteen months ago."
About iFinix Corp. : iFinix is a diversified information technology services and solutions company with expertise systems integration, outsourcing, infrastructure and server technology. iFinix has established a product line that delivers financial and business information with streaming, real-time market data, news and analytics to professionals and active individual investors. The company's suite of products includes iFinix RealTime , iFinix Trader and eFinix. Visit http://www.iFinix.com www.ifinixforex.com www.proactivefutures.com.
Legal Notice Regarding Forward-Looking Statements: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of iFinix Corporation to be materially different from the statements made herein.
also huge buying from determined and unexpected big buyers will force NITE/others who shorted this to cover at higher pps
already pulled back today. the three new MM's buying today are not generally seen in any pinks. they buy for institutional investors. i see a huge green candle tomorrow.
i didn't say AON. try regular order with high qty, they will fill very little qty and then increase the ask.
i already tried it, you can try it yourself.