8000 Incorporated (EIGH)

[SevenTenEleven]

I appreciate your time today as we discussed the shares of EIGH currently held in your ShareBuilder account. As confirmed, the shares are held in ShareBuilder's street name for your benefit. As long as the shares are trading on the market, you do have the ability to enter a sale order online....

However, since EIGH is not DRS eligible, we are unable to issue a physical stock certificate for you. If you have another broker who is able to accept the transfer of the shares and issue a certificate for you, we will cover the associated transfer charge ($15 for partial transfer of all EIGH shares). - Outlaw

Trying to figure out how ShareBuilder will "partially" transfer "all" EIGH shares to another broker, when the stock is not DRS eligible? They would have to transfer the certs that are in their name, for your benefit, to someone else's street name, for your benefit. Otherwise, how would the other broker be able to issue certs to match up with those backing up the "electronic markers" in your account? If they issued certs without having the Sharebuilder certs "fully" transeferred, they would be shorting to issue a cert. Also, how could they do this but not be able to send certs to the TA to be converted into "your" name?

This is an utter and disgraceful joke!

There are not enough shares held in the street name to back up all of the "electronic markers" that have been issued, IMO.

"Intra-market maker" settling of trades is why nothing is ever reported on the FTD list or the short interest reports. A market maker uses the certs held in their street name to justify fabrication of multiple shares per actual share held. As long as those shares "IOU's" stay within their trading/clearing system, there is nothing to deliver or to report short.

They will allow you to sell on line because they would love to "close" out your "IOU/electronic marker" at a loss to you and a gain to them. Chances are, that trade would show up as short volume that day, since nothing was actually traded. But why not also show up as a "short exempt"?

The easiest way for EIGH and/or any other pink stock to prove a massive NSS would be for them to initiate a proxy vote and to have every single shareholder submit their proxy vote. This way, when a company with 5B shares issued and outstanding, gets 15B votes for the proxy, they have their proof.

I bet just prior to the "proxy" you would see a massive burst of buying/selling volume in order to close out as many "IOU's" as possible.