8000 Incorporated (EIGH)

[DHANA]

An analysis of EIGH transaction volume since Aug 2007.

< 0.003 106m
0.003-0.02 65m
0.02-0.05 63m
0.05-0.10 215m
0.10-0.44 88m (pps above 0.44 during cannonball era not included)

total volume since 08/2007 538m

total volume since 08/2007-2008 65m (during Cannonball era at 0.05-0.80 pps) and this confirms to the OS/Float of 23m at that time if we consider that the shares were recycled three time during that period. this float was accumulated by the longs during the initial run from 0.001 till 0.003 and the second run from 0.003 till 0.02 and the company never changed/sold/updated their share info till then.

I am of the view (of course pretty sure) that the FLD team was milking the sellers/shorties and accumulating the shares all the way from 0.02 to 0.12 and that may be the period when the company sold most out of the 50m shares which increased the float to the current level of 72m, but i do believe most of the shares came from the shorties, including the ones that were sold during the mega run from 0.12 to 0.44 because such a huge run may not be possible if all the parties the longs, the company and the shorties all sell at the same time. IN EITHER CASE IT SURE LOOKS LIKE THERE IS HUGE NAKED SHORT IN THIS ONE. most of the trades at 0.02-0.12 were all accumulated and being held by the longs/FLD team. some new MM's who you never see in pinkiland and who usually only buy for big investors bought at 0.20-0.44 and fell victims and most of the shares might have been short sold by the shorties.