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Tuesday, November 02, 2010 8:14:52 AM
100% false statement. Folks, there is no reason the SEC will get involved here - at least not for anything EIGH or Monk have done. This is an amateur scare tactic. EIGH will be fine. Nice consolidation happening here. Next move up is coming regardless of what some say here!
hmm...some of this sounds familiar, except these guy actually suceeded:
http://www.sec.gov/litigation/litreleases/lr15827.txt
"The Complaint alleges that Khan orchestrated these price runs
using a variety of manipulative practices, including acquiring
substantial control of the market for each stock; restricting the
available supply of each stock; making purchases to stabilize or
raise the price of each stock; executing unauthorized trades;
parking stock in fictitious and nominee accounts and discouraging
sales in order to maintain control of the market; creating demand
by making misleading statements and touting wildly exaggerated
earnings projections; promoting a "short squeeze" scheme, i.e.,
using market control to withhold stock from short sellers and
concurrently raise stock prices to force short sellers to cover
their positions at increasing prices; and engaging in trading
collusion. "
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