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Re: None

Thursday, 01/27/2011 2:54:56 PM

Thursday, January 27, 2011 2:54:56 PM

Post# of 111214
I assume those that say there are no NSS have read this: http://www.sonecon.com/docs/studies/Benefits_Pre-Borrow_Requirement-ShapiroPham04-22-09.pdf, yet still come up with some convoluted logic why it doesn't apply in the case of EIGH and other FLDs. Just glance at the bottom of page 20, which I show here: "Finally, we evaluated FTDs as a share of short interest for the 5,500 stocks with substantial fails, based on whether they have relatively high or low insider ownership, relative to the average insider ownership of 22.5 percent. Since companies with high percentages of insider ownership have relatively fewer shares available for the trading, we should expect relatively higher FTDs in those companies: During 2007, the FTDs as a share of short interest averaged 10
percent among the high insider-ownership companies..." A FLD is essentially the ultimate in high insider ownership and in the case of EIGH and the others we know the volume of NSS is incredibly high (see http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59231849). The protectors of the status quo (e.g. financial firms who have a tremendous amount to lose if they are forced to obey the REG SHO) are literally besides themselves with fear at what EIGH is going to do to break this criminal practice wide open. This is history in the making. Go EIGH! (My 1 post)