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8000 Inc. (EIGH.pk) Files for Planned Corporate Action to Commence the Exchange of All Issued Common for Voting Preferred and Associated Cancellation of the Common Stock PR Newswire "Press Releases US - English"
MANASSAS, VA , April 7 /PRNewswire/ - Having received approval for the Amendment to its Articles of Association to accommodate the exchange and cancellation of all issued and outstanding common for voting preferred stock, the Company has today filed with FINRA all required documents pursuant to this corporate action.
The overwhelming majority shareholder support received by 8000 Inc. , some 300 plus positive responses to date with copies of account positions and testimony, identified that these 300 accounts hold of record over 170MM shares. This is significantly greater than the number of shares issued by the Company and does not include 41 Broker-Dealers known to hold 8000 Inc. stock in their client accounts. 8000 Inc has asked respectively the SEC and FINRA to advise how 8000 Inc. should identify which shareholders actually own real shares and which do not so that the majority approved exchange can be consummated. 8000 Inc. will update the shareholders of any response and we believe that there is a mechanism in place to manage this discrepancy prior to the exchange being concluded.
www.8000inc.net
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