No there are not. One can easily find out there is next to no short position, there is not even a debate on the point it is a straight out fact there is no large short. This "short MMs" stuff is nothing more than outright lies promulgated by the cons behind this scam and its promotion. They belong in jail for the damage they have done to people and the capital markets. I eagerly await the DOJ/SEC litigation release that will be dropped on this fraud.
200 million short? I think - well actually I know - there is some confusion here. For some reason the "shareholders committee" (the ones reporting stuff to EIGH) gathering the shareholders count from IHUB have mistakenly ADDED those shares to the DTC count - creating a double count. to further the confusion (purposely?) the company elected to remove that Bancorp New Zealand Corporate Beneficial shareholder and replace it with something totally misleading - giving the appearance that these brokerages are separate from the IHUB shareholders. SOMEONE does not understand what STREET NAME means.
"Beneficial Owners holding more than 5% As of September 30, 2010, there are no known beneficial owners holding more than 5%, identified individually. According to the shareholder records as of September 30, 2010, there are three recorded 5% beneficial owners, identified by cleared certificate number (greater than 7.19M shares held) and 32 recorded 1% beneficial owners of the company’s common stock, identified by cleared certificate number (greater than 1 million shares held). These certificates are held by Charles Schwab, E*Trade, Legent Clearing, National Financial Services LLC, Penson Financial Services Inc, Scottrade Inc."
=================== I posted this info yesterday but it mysteriously disappeared.
Q. What is "street name"? "Street name" is the term given to securities held in the name of a brokerage on behalf of a customer, usually done to facilitate subsequent transactions. Street name refers to beneficial shareholders who maintain their ownership through a brokerage. Street name holders are the opposite of registered holders.
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What does "in street name" mean, and why are securities held this way?
In almost every instance when you buy or sell securities with a broker, your name is not actually on the stock or bond certificate. The name that appears on the certificate is that of your broker, and this is referred to as being held "in street name". In fact, the broker usually doesn't even hold the physical certificates. Rather, the broker holds them in electronic form, in many computers. This is done for many different reasons, but here are the two main ones:
Convenience - It is much more convenient for brokers to carry securities in their name as the securities can be easily and readily transferred between parties. Imagine the amount of work that would occur if your broker held stocks in your name. Every time you needed to sell stocks, the broker would have to find the exact stocks you own and deliver them to the buying party, who would then have to send the stocks back to the company to have the name on the certificates changed to the new owners' names. This would take a great deal of time and effort, not to mention the fact that you wouldn't collect payment until the stocks were physically received by the purchasing party. By holding the securities "in street name", the broker can avoid most delays associated with the transfer of ownership and quickly settle trades.
Safety - If brokers were to hold the physical securities, there would be a possibility of physical damage, loss and theft of the certificates. By holding them in street name, brokerages are able to retain the securities electronically, effectively reducing the probability of anything negative occurring. This safety is also extended to the safety of payment. By holding the securities in street name, the broker is ensuring that a security will be delivered promptly when a transaction occurs. This removes any uncertainty that would exist if the customer were responsible for delivering the security every time a transaction occurred.
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Since there were some problems early on about the DTC - one could assume they pulled those brokerage numbers from a DTC report.
Monk
Monday, June 21, 2010 6:47:34 PM Re: sjm90048 post# 39091 Post # of 72235 Exactly.. gonna be fun when the DTC issue is cleared up and we can have all brokers allowing full online access again... bet we have a volume explosion....
============== Considering these same "TRUE shareholders" reported to the company about that etrade snafu being some sort of plot by Berkshire Hathaway to pay their EIGH dividend instead of covering their shorts speaks volumes as to the accuracy of information being passed around by these same people.
"Shareholders have reported that non-associated, non-affiliated third party entities have been recorded as paying the cancelled dividend for and on behalf of 8000inc into shareholder accounts. The payments exceeded the recorded short position in the company. It is therefore clear and unequivocal that there is a non reported short position in 8000inc which we believe could be detrimental to the company and shareholder value." http://finance.yahoo.com/news/8000inc-EIGHpk-Investor-prnews-1225352674.html?x=0&.v=22
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