8000 Incorporated (EIGH)

[jason_nambae]

The key information today was this:

Subsequent to the report, the company undertook a sample audit of 545 accounts, correlated to their clearing or brokerage firm. These accounts showed a current held position of 82,745,008 shares of 8000inc common stock. Further assessment identified significant short positions, (>10%), within this sample. Of the total number of retail shares that they purchased, 29,581,931 common 8000inc shares, bought and held in trading accounts, are yet to be allocated to the various market makers and or brokerages

Yet on the OTCBB site, the retail short position for EIGH (that is often quoted)is 11,500 shares.

So the preliminary audit has revealed a significant illegal naked short position. Hmmmmmmm

Yet why is attention given to the float, the dividend, education of the executive, or any other aspect of the company. Because the Market makers do not want you to focus on this fact today:

The preliminary audit has "identified significant short positions".

Keep that front and center.
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8000 INC COMMON (EIGH) OTC Type: Other-OTC

Short Interest for September 15 2010
Short
Interest Percent
Change Average Daily
Share Volume Days to
Cover
11,500 176.44 3,689,832 1.00