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