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So, is everyone still in the green on their EIGH shares? Where'd the promoters go?
Me, I'm holding for now. I've lost so much already there's not much use in selling here
That's exactly what the promoters were counting on when they told you to hold tight this past week. Tomorrow is meaningless as far as receiving any divy. Sep. 30 is the only day that mattered.
At least you'll recognize the scam next time.
Like I said, I usually just observe, but this time observing is not cutting it. Any CONSTRUCTIVE comments or enlightenment would be appreciated.
Never, EVER take the advice of someone promising to make you rich on an anonymous message board. If they honestly believed what they are telling you about buying this stock, they'd keep it to themselves and buy more themselves. Encouraging others to buy would only prevent them from buying more cheaper (in a non pump-and-dump).
IF you spend it all on EIGH, it's a free doubling of your shares. I'm down with that.
Is that going to be the mantra when it turns out to be a stock divy instead of cash? That it's OK because everyone was going to just buy EIGH stock with the cash divy anyway?
Seriously, I'm trying to figure out how a .005 or stock divy is going to be spun as a positive. Mark this post, it's coming.
P.S. Has anyone called the TA today?
LOL, a cover is a cover
LOL is right, except the short position in EIGH is negligible at best. This will turn out like the other 50 pump-and-dumps I've followed over the years who've used a phantom divy and the promise of NSS covering to con the naive.
Very expensive lesson some are learning right now. Logic shouldn't be your enemy.
Wow... my 50000 share order for .129 just filled! Un-freaking-believable! Never thought I'd be able to add more at this price!
You'll be able to add below a dime in an hour or two.
looks like they are going to short to the very last second possible, nice video game btw, looks kinda familiar
It doesn't matter how many shares were shorted (or naked shorted for that matter) after Sep 30. Only those on or before Sep 30 would be required to cover the divy.
actually it would fly because the market makers would cover their shorts.
That's why I really do hope the .005 divy is cash and not stock. When that happens and the stock craters it will destroy the NSS-cover-on-cash-divy myth used by these con-artists will be exposed once and for all.
That is not true. Why keep repeating false information?
Will you be fine with a .005 divy or if its paid in stock? You've never answered that.
I'm hoping for .12 to .15 but won't say a word if they keep it at .10.
What will you say if it's only .005 or a stock divy? I'll gladly say I was wrong if they pay .10.
How does a company pay a cash dividend, literally speaking? Who does the company write a check to and when is that bill due? In other words what path does that $$$ take from a company into shareholders accounts? I've always wondered that - seen plenty of stock divy's but not so many cash divy's actually paid in pennyland.
If you look closely the excuse for not paying the dividend has already been given:
Since you just spoke to Larry, did he mention how much time he expects to spend in prison? The first thing they'll do is bar him from ever being involved with another publicly-traded company. What are his plans for after prison?
Get ready for that .005 divi that's gonna get paid.
No, the first divy PR says that if it's below $.10/share it will be paid in stock. The only "confirmation" that it will be $.10 or higher is from a supposed email sent to message board posters by the CEO. That email, by the way, would be illegal if it were actually sent by the CEO.
Since then 6 million shares have traded with many more buys than sells.
There is a buyer and a seller for every share traded.
UCHB debt toward LW will be eliminated with his personal filing.
I'm afraid you have it backwards. Wilcox' debt would be discharged in bankruptcy. Debt owed to Wilcox will be pursued by his creditors.
Everyone knows the market is run on supply and demand, so the MM's money supply is low so they demand more!
All that matters is the never-ending supply of stock that's been for sale and the dwindling demand from the fresh sheep being conned into buying them.
I will be seeing Jerry Williams/Monk for the second time on october 22nd in my advanced Monkinar in Boston... I guess that is why he scammed everyone with these FLD plays and then set-up an advanced class so we can come and meet him ..LMAO
Did you pay for this Monkinar in advance? What's his refund policy if, say, it's canceled?
What happens if he doesn't show up?
But these people actually come here to protect us and save us from our mistakes.
It has nothing to do with you or "saving" anyone. If you invested in EIGH above .10-.20 your money is already gone.
I'm hoping to thwart the criminals stealing it from you. They've made a killing off the "Team" but it would have been more if they were allowed to continue unchallenged.
Can they report who's on the Naked Short List.......
Who has the NSS list? I thought NSS left no record or trail. Heck, if there's a list then what's the problem?
Everyone knows monk can't coment on Eigh. It would be unethical and illegal.
That didn't stop him from commenting when EIGH was in the process of buying his company...
Many posters here have also reported receiving emails from the CEO which contain non-public material information.
LOL! But 10 cents is...and that is what the CEO has confirmed to several of us by email
Does the CEO send material non-public information to selective shareholders very often? Seems like that might give some an unfair advantage...
Please post the email sent to you by the CEO.
Under NASDAQ rules applicable to cash dividends which are 25% or greater of the value of the subject security
EIGH does not trade on the NASDAQ nor is the .005 dividend 25% greater than the PPS.
The argument here is whether one needed to hold until Oct 15 in order receive the divy since it's a "Special Dividend".
My only knowledge comes from your explanations a few years ago when Lumb and Santini offered their Special Divy - that the ex-date was all that mattered in pennyland.
Still no 8K about the CEO's arrest for Securities Fraud and/or subsequent resignation. Is that on purpose too?
He did resign, right? That's what a poster said so maybe we shouldn't believe it either.
Oh, and Wilcox entered a guilty plea. Do the innocent do that very often?
Yup, 90+ people in attendance at the next Monkinar, let's do the math.
90 X $1500 = $135,000 for the Boston, MA Monkinar going into EIGH coffers.
Yes, let's do the math. Assume he holds one every week and the attendance remains at your best case scenario:
$135k * 52 = $7,020,000/yr in revenues. The dividend promised for Friday would cost twice that. You know, the dividend that must be paid from retained earnings (of which EIGH has none).
I can't wait to hear the excuse for canceling the monkinars.
Did the buy-in notices just hit.......?
Or is that some maker cheating ........?
No, that's the insiders taking the finger off the sell button so the price can creep up a bit before close. Same thing they did Friday and yesterday. It's an attempt to create some momo for them to dump into again in the morning.
It will only work as long as they can attract more new buyers - that's why the pre-lunch collapses are getting worse and worse. There's no buying interest and the clock is ticking on their window to dump.
You MUST HOLD through the 16th to receive the special divi. Anyone who sells now loses it.
That's not how it works on the Pink/OTC markets. Ex-date is the ONLY date that matters.
I hope this is not a new trend developing among penny stocks but it looks very very similar.
A new trend? Phantom dividends are one of the oldest and most overused scam methods in pennyland (along with the "buyout" hook). It's the safest "forward-looking statement may not actually happen" gimmick there is. Something "unforseen" always forces the divy to be canceled leaving bagholders zero recourse.
Heck, Stephen Lumb has been playing the same divy con for about 7 years now. Each year the names change but the scam is the same.
gee I can't believe I still get one post a day. But here it is this drop in the PPS is a joke there hasn't been enough volume for it just shows there total desperation
Volume is irrelevant. The only thing that matters is buying interest. When the number of buyers can't keep up with the number of sellers, price collapses. It will be much worse by Friday.
P.S. Volume isn't really that low - it's almost at the 10-day average and it's lunchtime. Volume is on pace to double the 10-day average.
LOL I guess you haven't been paying attention...the idea is to buy and hold...not buy and then take profits on the backs of your fellow team members. But if you want to flip it that's fine just don't come here and complain about pps.
Are you familiar with the term "pyramid scheme"? You really can't blame someone on the bottom of the pyramid from cashing out at the expense of those at the top - that's how the scam works.
Awfully convenient that they are all doing the same thing, at the same time.
Yes, the insiders know the jig us up come Friday and they are all cashing out. I'm sure Monk thanks you for contributing to his retirement plan.
all the speculation about the shorts, shareholders talking about it for months on end, and the PR uses the phrase "interesting facts"
weak very very weak
The company can only be held responsible for the content of the PR's they release, not the lies told about that content on message boards in order to lure in even bigger suckers.
Yup, and they marked it as a sell.
I think you misunderstand the "buys/sells" terminology and it's use on these boards. There is a buyer and a seller for every trade. The "buys/sells" you are referring to is actually DVOL/UVOL: the amount of shares traded on a downtick vs. an uptick, which is wholly determined by supply/demand (the number of shares available for sale vs. the number of buyers for those shares).
Again, there is a buyer and seller for every trade. Anyone who doesn't understand this is destined to lose everything in pennyland.
For example, when there are 3x as many "buys" as there are "sells" in a day yet the price drops 20%, it's a certainty that LOTS AND LOTS of shares are for sale on L3.
I think they are purposely delaying the size of the dividend to put the squeeze on the shorts just that much more.
Then why isn't it working?
There's no way a $.10 divy gets paid on Friday. I do really hope the $.005 divy is paid tho - that would destroy the NSS fantasy once and for all and make a fantastic example to use every time a divy/MOASS fantasy is used to pump another one of these scams.
SIR im pretty positive the PR says .10 div minimum and its auditing to declare the number of shorts to determine what it will pay by the Oct15th. Once again this has been mentioned before, please refer to the company website.
That doesn't make sense. The company would pay the dividend on it's OS regardless of any NSS position.
Unless they are going to use the "audit" as an excuse to not pay the divy...
Exactly... very simple, just buy eigh hold, buy more, buy more, hold. I've been buying from .05-.37 Looking forward to the rest of the week, next week and beyond :)
I thought Monk taught how to trade stocks, not take them to the grave with you.
I read that pr as them saying there is
Some people read the words that are actually written while others choose to imagine words that aren't there.
Nowhere in that PR does the phrase "naked short" appear, nor is the company looking for one (or they would have pulled a NOBO/OBO list and compared it with the TA).
So we rely on MM's to police themselves while they're here to make profits at the same time?
If the game is so rigged and the MM's have won each and every time they've ever tried to destroy a wonderful pinksheet stock such as EIGH via NSS, then why on Earth should anyone buy this or any other stock whose management believes they are the MM's next target? Who would return to the same rigged poker game expecting to win this time?
But don't take my word for it:
(Monk's iHub profile)