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Saturday, October 09, 2010 2:19:17 PM
Before you fall for the hype about this stock read these facts:
1. EIGH IS DEEPLY INVOLVED IN ILLEGAL STOCK PRICE and STOCK VOLUME MANIPULATION SCHEMES ENGINEERED BY ONE OF ITS OWN SUBSIDIARIES.
EIGH and a group of other stocks such as CDIV, SUGO, etc. have been designated as "float lockdown plays" (otherwise known as a "FLDs") by Monk's Den, one of it's highly touted subsidiaries. "Float lockdown plays" are engineered by Jerry Williams, who "individually instructs" Monks Den members to buy the stock in concert with other members in an attempt to "lockdown the float" and jack up the volume of thinly traded penny stocks in an effort to push the stocks higher and "force a squeeze" on market makers who end up short the plays as a result of their normal market making responsibilities to provide fair and orderly markets. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55342287
It is 100% illegal to use a group to attempt to force stocks prices higher or to jack up a stock's volume and the SEC has made no bones about it. http://www.sec.gov/spotlight/keyregshoissues.htm
"a scheme to manipulate the price or availability of stock in order to cause a short squeeze is illegal. "
There is ample evidence this is exactly what Williams has been trying to do with a number of thinly traded penny stocks for the last two years. Anyone participating with him in such a scheme could find themselves in a world of trouble for engaging in stock fraud--Not just from the SEC, but from the DOJ as well which is now on the war path against stock price and stock volume manipulating promoters such as Williams.
Only yesterday it was announced that they had rounded up 20 more promoters and company heads for participating in just such schemes. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55353519
Unfortunately for Williams and those participating with him, all of his FLD plays are currently deep in the middle of stock price crashes and people are losing millions of dollars daily as the pyramid schemes he built are coming unglued at the seams.
Williams and his co-conspirators could be facing federal prison terms of up to 20 years or more if the FBI moves to stop these illegal schemes by Monks Den.
We are apt to shut our eyes against a painful truth... For my part, I am willing to know the whole truth; to know the worst; and to provide for it. --Patrick Henry, Patriot and Hero of the American Revolution
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