For the other longs in EIGH ...
Okay, let's apply some logic here and get some feedback.
As you all can see, the pps is being brought lower and lower by the MMs as these days go by toward 10/4. It would seem more logical for the MMs to offer higher bids/asks in order to entice people to forsake the dividend in exchange for more money now. However, why would I want to give up my dividend for .33 per share before Monday? It just doesn't make sense! You would think the MMs would raise the pps to cover before the announced dividend, wouldn't you? No doubt, some EIGH holders would sell now for 50, 60 or 70 cents pps, but that doesn't seem to be considered by the MMs, as of today.
As Blue Bucks has pointed out, the big day will be 10/4. If the dividend is truly .10, and especially if it is greater than .10, then the MMs are in deep shat. Maybe it is easier to conclude that the cover would have to begin after the dividend announcement. The MMs will likely have to get on the bandwagon and reverse direction to cover, because, if the dividend is .10 or more, nobody is going to sell for cheap and the MMs surely don't want to pay it, especially if another dividend is right around the corner. The critical situation involves time. Can the MMs drive the price low enough to shake us out before the 16th so that they don't have to pay the divy? At the same time, the audit process begins and shares have to be accounted for. That's the law, and that will be the "Come to Jesus moment" for our lovely friends, the MMs.
So, hang in there -- divy payday is only two weeks from Monday! Something just has to break, and it will probably be the pps heading up.
8000inc. and Monk will do their shareholders a great service by making sure that divy is .10 or higher. That's how I see it. Yes, many longs tout the fundamentals of the company and are in for the long haul. No problem. I do hope for the success of 8000inc., but banking on a significantly profitable share price is the bottom line. It's going to happen, but the perplexing questions are how and when. I just don't get the logic of the MMs at this time, though. I think they are banking on a very low divy or maybe they just consider EIGH another penny stock they will run into the ground. What say the rest of you?
GO EIGH!
Chessman
