8000 Incorporated (EIGH)

[Ninja7]

It seems there are two options as far as Monk and his FLD’s are concerned.

The first option is that Monk is a scammer extraordinaire who preyed on both people’s greed (it’s going to $5, $10, whatever) and people’s dreams (“you can quit your day job when this squeezes”). He may have very well managed to financially ruin numerous people over the course of these FLD’s. If so, let's hope he goes to jail.

The second option is that Monk is as sincere and decent as he seems, and he genuinely wanted to help people. He actually believed the FLD concept could and would work, and he (like many people) has lost a huge amount of money in last few days. If so, let's hope he's vindicated in some way at some point.

Unfortunately, for anyone still holding EIGH or any of the other FLD’s, it just doesn’t matter. There is no way a squeeze will ever happen at this point (if it was ever even possible). Other than a very few remaining die hard FLD believers, no one will avoid profits next time they have them (nor should they). I’d love to see a miracle for those still holding this, but I really believe the FLD died today.