Replies to post #79791 on 8000 Incorporated (EIGH)

[Toxic Avenger]

I can understand your wanting to forget about the dividend disaster, but it remains that EIGH could have easily offered the stock dividend and supposedly flushed out the naked short position. It would have cost very little and it would have been completely in line with their first dividend announcement. They could simply have said, "We can't use the $40 million, so we must use the current retained earnings figure of $900k. Since $300k will only allow for a $.0021/share cash dividend, we are issuing the 10% stock dividend".

Now why didn't they do that?

And I hope you're not suggesting that they have important inside information about the stock and instead of disclosing that to shareholders, they are using it for their own advantage. The SEC would definitely frown on that and they probably don't want to add fuel to that fire.

[waltczyk]

now how could eigh use their data on the alarmingly large illegal short position in this stock to their advantage?

[mytigger]

That's 100% correct. The company has already stated that there is a large short position (illegal) and has released several PR's citing examples.

For anyone wondering "Why not pay the 10% share dividend?"... I'd respond "Why would the company want to issue more shares when it just announced it was going to reduce the float to 20M shares?" LOL... issue free shares to share holders so the company could turn around and have to buy them right back? LMAO that wouldn't be a very sound business decision.... and make no mistake, this is a very good business.

The company has stated very plainly that there are entities (overseas Hedge Funds) manipulating the valuation of their share price and they will not tolerate it. Reducing the float is their way of remedying any illegal short sales and price manipulation schemes. Merging with a company on an higher exchange is another way this violation of SEC regulations can be dealt with directly.

I feel quite confident that 8000inc has already contacted the SEC in regards to the manipulation of their stock by foreign investors.

Any nervous investors need to understand that there will be no halting of the stock due to a cancelled divi, particularly one that was cancelled for reasons that were clearly explained.

[Mariner*]

The divvy is all water under the bridge IMO. The PPS has suffered due to their mistake. You call it a scam, I call it a mistake. I've moved on.

Total manipulation and avocation by the company to instill more purchasing of shares by unsuspecting buyers, that were taken for a ride.

it's very possible that they've discovered an alarmingly large illegal (IMO) short position and downward manipulation of EIGH, and have changed their plans and are using their data advantageously.

Gezzzz Anyone see a reoccurring theme here with your posts?
It's also quite possible, and very probable, that the company intentionally pulled the wool over everyone's eyes in order to promote a seemingly active company, that couldn't be further from the truth.

The only thing EIGH is active in, is beguilingly the public into thinking that it is anything other than a complete and total fabrication of the truth.
And the truth is that this company is totally untruthful in their intentions to deceive the general public.

But to recap, EIGH is not a scam! The SEC will NOT be halting EIGH. The PPS of EIGH will rise once the illegal (IMO) downward manipulation and smear campaign ends!

If you say all this enough times maybe you can convince yourself in your own reality, but others are having second thoughts as to the validity and compunction of this company.