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Monday, April 25, 2011 4:32:21 PM
Today shareholders have been in contact with Zecco Trading. Zecco have confirmed they hold 7.9MM shares of EIGH.pk. Verified shareholder accounts at Zecco and written testimonies show that unequivocably, 8000 Inc shareholders hold 52MM shares within their Zecco trading accounts. Further updates to follow
Communications between shareholders, the Company and E*Trade, and their clearing house, have been very helpful and constructive. They have confirmed their shareholding in client accounts which reconicle closley to those of the Company's audit and conclusions, and show a short position of around 10MM shares according to shareholder brokerage accounts and testimony to date. More information is being collated.
So far E*Trade have been very helpful in beginning to address the situaiton. They have confirmed failures to deliver and receive numbers which clealry demonstrates without argument or debate that shares of EIGH were sold short. This is good news for the shareholders as brokers are now beginning to help, but worrying as it proves to those who doubted that stocks ineligible to short are in fact sold short, naked short!
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