InvestorsHub Logo
Followers 32
Posts 3725
Boards Moderated 0
Alias Born 09/04/2007

Re: None

Tuesday, 04/15/2008 12:39:09 PM

Tuesday, April 15, 2008 12:39:09 PM

Post# of 111214
Conrad Wall is looking into this.

----- Original Message -----
From: Conrad Wall
To: xxxxxxxxxxxxx
Sent: Tuesday, April 15, 2008 11:56 AM
Subject: RE: EIGH cannot be traded electronically any more? Is this true?


HI Ed,



Thanks for the email,

How did you get this info at in Ameritrade?



I’ll give them a call



Thanks,



Conrad






--------------------------------------------------------------------------------

From: xxxxxxxxxxxxxxx
Sent: 15 April 2008 16:50
To: Conrad Wall
Cc: info@8000inc.com
Subject: EIGH cannot be traded electronically any more? Is this true?


Posted by: $to©k_Pi©ker™
In reply to: Rhinegold who wrote msg# 1358


Date:4/15/2008 11:40:11 AM
Post # of 1359


Here is what i found out:

It seems that for transactions of EIGH, certificates are to be physically transferred, and not electronically transferred. So, for every transaction (buy) through Ameritrade, Ameritrade has to incur a mailing charge to physically get the certificates. Since this is so costly to Ameritrade (40 bucks a transaction i beleive), they will no longer trade EIGH.

This request to physically transfer certificates for EIGH seemed to come from either the company, MM or Transfer Agent. I have emailed the company about this problem.

Per the Ameritrade rep, what needs to be done is for the company to re-enable electronic trading of stock certificates. I beleive this can simply be done by having an officer of 8000 inc. call up Ameritrade and OK the electronic trading of EIGH.