8000 Incorporated (EIGH)

[loanranger]

Maybe you missed my earlier post. There is no such thing as an "SEC - condoned RECATS program" or an anybody else-condoned RECATS program for that matter.

Toss this and try again:
"Another loophole that is the repository for millions or billions of counterfeit shares is the DTC - sponsored and SEC - condoned RECATS program. The DTC, as a service to its prime broker - member/owners, notifies the broker when a position is about to become a fail-to-deliver. The broker may send the position out of DTC by transferring it overseas or doing a match trade with another party. The position may be returned to the DTC where the account is marked to market (value) and all of the time requirements of naked shorting are reset. The cycle can be repeated as often as is necessary to keep the positions naked."

Or link us to the RECATS program.