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Thursday, 10/07/2010 12:24:19 PM

Thursday, October 07, 2010 12:24:19 PM

Post# of 111215
8000inc EMAIL FROM CEO RE: SHARES/SHORTS

Dear xxxxx,
 
Thank you for your enquiry. The float, as has been confirmed by the Transfer agent, is and has remained at 138,824,700. This is something that the company discussed many times and included in its current information statement. This is the number of shares issued by the company and is the total number of shares available. As we stated, a known number of shares are utilized resulting in the daily available float being 77,391,150 with 5M shares restricted.
 
The simple fact is that there are no more shares in total available other than the 138,824,700 for whatever reason or purpose. The transfer Agent has identified by certificate number every share and in which account it is held through the stock audit. Every single share, certificate and issued stock is accounted for.
 
However, the audit indentified some interesting facts which we are looking into. To give you an idea, one brokerage shows through the transfer agent certificate audit that they hold 35,464,468 shares in their recorded and certified accounts, with each share recorded by individual specific certificate numbers. When we reviewed the account figures, the figure reported was in excess of 38M, with a further 30M shares within the audit still to be allocated. The results so far represent only 57% of the total number of shares available with only 65% of those allocated to individual brokerages and so the assumption would be that this figure will increase.

The audit is already revealing such findings when only 37% of the total number of shares in the float have so far been allocated and we know through the Transfer Agent where the verified number of shares are held. As you will no doubt realize, the situation needs to be reviewed in greater detail before the company makes any further official statements and we are taking all the appropriate advice.
 
I hope this clarifies the information.
 
 
Thomas Kelly
CEO 8000inc

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