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"They know time is of the essence for the POOR shareholders.....it is rediculus how understaffed and underfunded the SEC is and then they even discuss cutting the SEC budget....but soon I won't be worrying about such things.......
And I know I shoudn't worry because there are only two things in life worth worrying about. Whether you're long or you're short. If you're long, then you have nothing to worry about. if you are short then there are only two things to worry about. Whether you get a buy-in notice or not. If you don't get a buy-in notice, you're ok. If you do, then there are only two things in life worth worrying about. Whether you can cover or not. If you can cover, you're ok, and if you can't, then there are only two things in life worth worrying about. Whether you go to jail or not. If you don't go to jail, then you're ok. If you do go to jail, you'll be so busy shaking the hands of others who shorted EIGH, you won't have time to worry, so stop you're worrying.....!" .............((c)Cooper 2011)
This is what I meant to say. Have a nice day and be at Peace....
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No matter how low the MM will go, I will not be sceared oughta mechares.......DUDE.....
They know time is of the essence for the POOR shareholders.....it is rediculus how understaffed and underfunded the SEC is and then they even discuss cutting the SEC budget....but soon I won't be worrying about such things.......
And I know I shoudn't worry because there are only two things in life worth worrying about. Whether you're long or you're short. If you're long, then you have nothing to worry about. if you are short then there are only two things to worry about. Whether you get a buy-in notice or not. If you don't get a buy-in notice, you're ok. If you do, then there are only two things in life worth worrying about. Whether you can cover or not. If you can cover, you're ok, and if you can't, then there are only two things in life worth worrying about. Whether you go to jail or not. If you don't go to jail, then you're ok. If you do go to jail, you'll be so busy shaking the other hands that tried to defame EIGH, you won't have time to worry, so stop you're worrying.....! .............((c)Cooper 2011)
"ILLEGALY TRADED SHARES".......does that add punitive damages to the settlement price per share payout by perpetrator.....?........tbc......
EIGH STOCK BOUNCE FROM THIS SQUEEZE MAY RESULT IN NOT HAVING TO WORRY ABOUT WHETHER THAT FRICKIN' STORE IN THE SEA EVER OPENS TO ME.......
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No matter how low the MM will go, I will not be sceared oughta mechares.......DUDE.....
Here's what EIGH is having to deal with:
The illegal practice of naked short selling (which doesn't get reported) exists when the short sellers try to overwhelm EIGH by making shares of it's stock they do not own. Legal short seller borrow stock to deliver when they make their short sales. The naked short sellers flood the market with sales and do not deliver or make some shift to get around the delivery rules.
Conventional wisdom says if EIGH is any good, it will survive a short sale attack, so how do illegal short sellers destroy companies?
If EIGH is in the development stage, it needs to raise money to survive.
Typically, this will be done with issuing and selling more stock. The lower the stock price, the more stock has to be sold and the weaker EIGH becomes. If the naked
short seller can push the price down far enough, he can kill the company by choking off
new stock sales. When the company dies, he profits 100%.
This is what has happened to EIGH.......for now.
This will be corrected soon.......
"Legal Counsel, through a second submission, will be:
~ Providing documents identifying the individuals EIGH believes is responsible for the public posting of fraudulent and false allegations made against the Company on internet investor forums and blog sites.
~ Supporting evidence to prove clear association between ALL these matters, and the individuals responsible, is also being given."
- from EIGH 2/3/11 newsletter.
Warning missed???? Sounds like 2/8 newslettter confirms action taken. Be careful........
"Legal Counsel, through a second submission, will be:
~ Providing documents identifying the individuals EIGH believes is responsible.....false allegations".....from today's company newsletter.
I hate legal council and 60 minutes at my doorstep....
_______________________________________________________________
When deep in a hole, quit digging.
"Supporting evidence to prove clear association between ALL these matters, and the individuals responsible, is also being given."
This will matter.
"public posting of fraudulent and false allegations made against the Company on internet investor forums and blog sites."
From today's company newsletter......and nobody has sold lately...
Nough said.
It is Sad, I agree.....
Can't wait to read the real NEWS.....somebody please post the update newsletter.
Thanks.
Have a nice day.
I'm right????????????
I am excited the SEC has ALLOWED THEM TO CONTINUE WITH THE MERGER.
That is the best news yet!!!
"The Board is currently assessing a proposed offer to PRIVATIZE the group and a merger with a target entity established on a higher exchange."
Already PR'd, old news, been there, done that.......
__________________________________________________________________
Sometimes real DD is only as difficult as looking up.
Haven't seen this before.......SEC settlement of shorts on a stock I own. People putting up buys and not getting filled. Merger at hand will accelerate stock price upward.....how far could be the surprise. Those that have enough warped info and don't need to know anymore will be learning alot soon.
Wonder who the NEW Company is? Could be private money?, I hope.
Could be getting cash back instead of stock on this merger. In which case, after the company gets done instructing the transfer agent what the share of the SEC negotiated settlement is they received for hedge fund or brokerage being short with your pants on the ground, he can divi it up amongst the shareHOLDERS that followed the stock transfer procedure.
I for one don't believe the $250 cost to get certs is going to happen unless someone saved TOO much money with their Brokerage "Bob's Stocks and Oil Change."
They'lll be handled by most brokerages with ease, of course. Send in your stock or street name stocks will be sent in by your brokerage and you just get a check representing your share of the settlement before privitization.
Sounds nice to me......
$$$$$$$$$$$$$$$ Cash This
Clearly soon.
"Directly associated with the SEC investigation and consistent with the Company’s beliefs, the
Company has initiated discussions to recruit experienced special counsel to review recent trading in
the Company’s common stock. This contemplated action was addressed with the SEC naming the
expected counsel, specializing in matters of this nature. Counsel will review, use its own offices and
compile a report on all trading activity and prepare a report with its conclusion for submission to the
SEC. Such special counsel is expected to be engaged in the next few weeks."
(December Newsletter)
Yes, they did......
Need more DD, apparently......
So NO Selling TODAY?......after all the warnings???????
Why do ya think?
Bingo!!!!!!........and of Course.......you kidding. Remember they hired an experienced SEC employee which should keep these mistakes from happening in the future and during the culmination of the SEC investigation. Talk about knowing you got to watch what you're doing....
________________________________________________________________
Spectacles shouldn't be attracting speculators, just ambulance chasers....
Yes......
How would they know there is no merger......they can't.
And the reverse merger to a private company idea........
If the negotiated penalty for being caught 2-300M shares short is agreed by the SEC and the hedges, say $1.50 per share, so as to protect the victims of NSS from too high a run up, then all longs and holders of this stock would have their shares retired and you would be paid $1.50 for each of you $ .03 shares today.......and it goes private. The tune will change when you get a check for those shares....because of private purchase from reverse merger.
Example: 100,000 shares would be reired and they would dispurse the millions of dollars paid before by these guys (see Nites fine chart..nothing new here) and you would get the 1.50 a share....or $150,000. That is how THIS reverse merger will benefit the longs.
SEC negotited settlement instead of short squeeze. Like I said before, SEC hates short squeezes. Check their history. Fines and settlements. This one will be a doozie!!!!
Since the principals didn't sell for a huge profit or any profit, that leaves the shorts with a minor cost of doing business. The co. made mistakes, but honest ones, may get a fine but not like one for someone Naked Short 2-300 million Shares!
All this jazz about this won't happen and that won't happen doesn't have credibilty.
Anyways, the facts will be out soon enough. Won't have to wait much longer to see reality. Be careful with that word never.......or always. This short position some have, too will be settled and it's too late to do anything about so take something to relax.......
"If NSS exists, we make a boatload. If it doesn't, we don't. It's that simple."
That's all...all else won't have same impact......so get some oxygen and chill......SEC settlement coming. $$$$$$$ from shorty.
I think it does.....imo......based on so much consternation about a little stock that shouldn't matter so much to so many.....
WOOOW!!!!!! 900,000 VOLUME just like that. Somebody wants to get back, Joe...
Oops, was that the buy button I hit?????
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Too many No One's to mention here.
Merger WILL take place because PR was first one in a long time since investigation in November and they would have cleared this action with SEC first and releasing the PR second.
This PR would have the scrutinity of the SEC as everyone knows.
I am excited that this leg is announced and the transfer agent will get back to making the transfer to the NEW and YET Un-Disclosed company as smooth as possible for him and us....
I look forward to the conclusions of the SEC......pro and con.
I expect....."Eigh pay this fine for doing this and you shorts buy the shares from the stockholders the going private negotiated price per share of $ X.XX times your 254 million shares you ain't got, Boss...See, they be going private."
Results forthcoming.......
Thanks for pulling the probation off my back, too, Dan!
From Signature Stock Transfer, Inc.
"**Until the company goes through their options and makes a decision please hold onto your shares as they currently are, as what they decide may make a difference in what actions you need to take (if any actions are needed by you at all).
Thank you
Jason M. Bogutski-President
SIGNATURE STOCK TRANSFER, INC.
2632 Coachlight Court
Plano, Texas 75093
Telephone 972.612.4120
Facsimile 972.612.4122
Email – signaturestocktransfer@msn.com "
Thanks Goingtogetrich for that note from the TA......desperation is just about to start.......if you're way short.
A lot of effort, fake websites and 24 hour work to sound the alarm about a company on the gray sheets that's supposedly a shell or scam but still has alot of interest for SOME reason....
The company has a few fronts going on. It looks like the rest of the story is to be played out. I still believe the SEC fine on the Naked Shorts will go into a private company eventually sending you over a $1 a share. The amount will be based on the SEC settlement with the money shorts have to pay that got caught. SEC doesn't like short squezzes. If this goes private, even better. I won't have to figure out when to sell, but they'll just send my share of the value of the company after they add the millions of dollars in settlement paid by Shorty for not covering, ignoring last years cover call and that's going to be good for all holders. Not good for non-holders and shorts......sorry.
Thanks to all that have done real DD like verifying in person the stores condition and that of the mall they're in as well as others that have spent the time and effort to get the real story.. Obviously, being short here would be troublesome if you got news of stock tranfer......YIKES!!!!!
*****DUDE, DUDE, DUDE..........!******
May ya'll enjoy the company NEWS!!!!!!!
Must have SEC approval, no?!!!!
So whatever short, not for long.....procrastination remedy.
And now I don't have to "get an education," "sober up" or "get real......." now I'm LOL.......
MANASSASS, VA, Jan. 31 /PRNewswire-FirstCall/ - 8000inc, a Nevada Corporation currently traded on the OTCMarkets Pink Sheets (EIGH.pk), today .......there's News in itself......pink sheet company!!!!!!!
8000inc (EIGH.pk) Announces Proposed Merger!!!!!!!
8000inc, a Nevada Corporation currently traded on the OTCMarkets Pink Sheets (EIGH.pk), today announced that they have conditionally signed an agreement in connection with the pending merger and acquisition of a currently trading, non-shell Bulletin Board Company, current in its filings. The Board of 8000inc has approved this merger under Nevada state law whereby there will be no change to the rights, ownership or conditions for all shareholders after the merger is completed.
Due to the current public shareholder concerns and speculation relating to the common stock of 8000inc, the transaction and will remain under the current signed Non-Disclosure Agreement ("NDA") until concluded. The agreement has placed a 14 day time frame, commencing today, January 31, 2011 for completion as dictated by the NDA and agreed respective due diligence over the period. The Company, because of the existing inquiry, voluntarily informs the SEC of all its substantive corporate actions.
The acquisition, if consummated as expected, is being structured as an exempt share exchange transaction between the shareholders of the two companies with 8000inc stock being exchanged for stock in the Bulletin Board Company pursuant to an opinion of third party independent counsel being provided accordingly. Due to the fact that 8000inc (EIGH.pk) is non-DTC eligible, 8000inc shareholders will be asked to request delivery of their shares in paper certificate form from their brokerage accounts. All existing shareholders will then be asked to send their certificates, and DTC delivery instructions for their brokerage accounts, to the Company's Transfer Agent, Signature Stock Transfer Inc. On receipt of the paper certificate, the Transfer Agent will verify and confirm ownership, and 8000inc certificates will be exchanged with shares in the new combined [or merged] Company via DTC. No exchange of shares will be undertaken until the TA has received the paper certificate and verified ownership by the shareholder.Detailed instructions will be made available to all shareholders within 5 days of the due diligence period outlined above.
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WE ARE ABOUT TO OPEN OUR EYES TO THE JOYOUS TRUTH.
That's DD!!!!....real verification instead of conjecture and inuendo. Wow!
Thanks for all that Bertie. Can't wait to read some retractions about bogus t-shirt shops and fake malls....
And the real clincher soon to come......reverse merger.......what if it goes private? What would happen with SEC actions...?
Settlement to "protect" poor shorts from bankruptcy for getting caught once in awhile for shorting the hell out of stock. They won't suffer. It's just the cost of doing business.......not too bad when you make billions every year shorting companies into oblivion.
So instead of short squeeze to oblivion, settlement will be made between SEC and Hedgy to determine value of price per share before privitization? So maybe $2.....$1.23 per share......from settlement money, of course.
Who knows?......the SEC knows.
And they'll clue everyone in soon, too.
Enjoy next week.....you deserve it and thanks again for putting a lot of guessing to bed for good...
Have a nice day.....
Nice Post...Hedgefund's Nightmare happens once in awhile....at a theatre near you soon....... and Geez, how about cutting down on the cliche posts......web weaving??
By the way the next post will be proven wrong, too. Take some deep breaths and watch the news, whistle blowers.........
*****Best 2 Posts of the Day you can take to the bank ********
1.
yes, I am aware of at least 3 million in buy orders ranging from 0.03 to 0.10 that have been in for days and not getting filled.
(I can confirm that one personally)
2.
EIGH has access to $40,000,000.00 cash
EIGH is going to merge with another company
EIGH will be up listing via the merger
EIGH is/will be retiring shares
EIGH Float is completely Locked Down
EIGH will be opening LimeGrove soon
EIGH has a Huge Naked Short Position held on it
I know not what horse others may ride, but as for me, give me EIGH next weeek..........should I say.....WEEEEEEEEEEEEE!!!!!!!
No joke. Don't fall for the drone, echo or chorus of "scam" The time is at hand to realize your dreams.........don't let strangerz pop your baloon! Rejoice. You've earned it after this ride. Fortunately it won't be long now to confirm THIS post! Hold your exuberant response 'til February when the ruling will be out.
Have yourselves a nice night.
"5. Similarly, the Company has included in its Subpoena response its compilation (including names, websites, relationships) a file of all public boards making false allegations and associations pertaining to the Company and its associates engaging in scam operations, pump and dump schemes or payment for services, etc.
Wonder who the company could be referring to........just glad I am not being investigated for such shinnanigans.........and corruption. Company doesn't look like one of those creampuffs that's just going to consider libel a part of doing business. Can't wait for the the people who the company refers to being brought out from their hiding place in the dark........The SEC asked if I'd testify but doesn't look like they need me.....
Having bought in at .012, I think the future looks up from here.....
Of course this is the real story......
"3. For some 6 months, the Company has been aware of illegal naked short positions and it has submitted stock audit findings and related documentation in the Company's submission to the SEC. This audit was based on the certified stock and certificate count prepared by the Company's Transfer Agent which recorded all stock positions by certificate number and by brokerage account as of September 30, 2010. This data was used as the base line and reference point for the Company's internal audit. Comparison to the certified baseline data identified discrepancies in the trading and stock positions of 8000inc stock. What is of concern to the Company is that significant numbers of shares purchased were not recorded and could not be identified in the Transfer Agents certified records. All data at the certificate and account position level, together with the identified discrepancies and Company's conclusions have been submitted to the SEC in full."
Can't wait to see that list either. I think I for one will be enjoying the Holidays, that's Thanksgiving , Christmas and New Year's while others shall be reaping their just rewards as the PR says.
Have a Thankful Thanksgiving, everybody.......
OUT.......
"The company would like to state that it is aware of the unfounded and litigious statements being made publicly. It takes this matter extremely seriously and all incidents of this nature are passed on to our legal team. The true shareholders of 8000inc should be made aware that any and all unsubstantiated defamatory claims made by individuals with vested interests are being investigated and will be dealt with accordingly and publicly." from company's PR today......
I'd have to say this sounds like a good warning........be nice.
My last post.
Here's some news, today, Dividend in my account this AM......you should check your account if you didn't bail......ends a lot of THAT speculation. Sorry no posts and no PM for me but more useful time spent. I just noticed it! Just when you think you figure it out.......curve ball....Here's Comes Divy.
Hang overs this AM? No body home........
I'd just like to sincerely appologize to anyone who bought on my posts...........
"Only the jumpers get hurt"
Paul Harvey......
No loss if you don't sell in this range and get divy, right?, siright!
And selling and then waiting for turn around.......well you know by then you will have missed that ship when it pulls out on a hydrofoil.......
Of course shorty's desperate, knows if you have .10 dividend coming, won't sell for .10, would actually lose $.20.......where is shorty to go now......ba-bye.......
Your broker may not know but come Monday probably, meanwhile the EIGH'ers know, in fact here's the latest video of the shareholders party going on right now.......
"..but I'd be a fool as a CEO if we did not pay a dividend of more than ten cents..."
Email from CEO posted here today.
Love that! and some won't......
Who posted the email with this quote in it? Please correct the verbage , thanks.......
Have ya'llselves a nice night.!
Here it is ........
Who did let the dogs out ? I'd love to know....
Can they report who's on the Naked Short List.......
You bet they can and they will because it's really criminal.........
Can't wait to find out who the Real S--- B--s are as some like to refer to people who are actualy human beings with families who love them and try to do the right thing. There out working right now for the better of their companies which is also their shareholders which they also are and have a bigger vested interest in all their goodwill, efforts and financial backing with their personal public signature. That sounds relly much more committed than committed to overall betterment of their communities and fellow man than 95% on this planet......
Always the nashing of teeth to the idle........
Who's afraid of the NSS list, I'd like to know......
They have to have the rah-rah meeting with the brokers.....you know....
"ALL WE HAVE TO SELL IS FEAR ITSELF!"
We'll see .30+ when the buy notices hit just for starters. YOU will know, you won't have to ask here.
Got to go, I'm up.........
Excelllent post....answer to all the "Daddy Why's?"
Big Belly Laffs on that one, Boss.........you do the math if you can.....
Not trying to rub anything in any broker's faces, just to let those of you who may be worried today know that the bounds of worry on those with heavy short positions, and they ARE out there, are endless....so smile, relax and know YOU"RE NOT getting a buy-in notice!