Replies to post #90928 on 8000 Incorporated (EIGH)

[loanranger]

Maybe you missed my earlier post. There is no such thing as an "SEC - condoned RECATS program" or an anybody else-condoned RECATS program for that matter.

Toss this and try again:
"Another loophole that is the repository for millions or billions of counterfeit shares is the DTC - sponsored and SEC - condoned RECATS program. The DTC, as a service to its prime broker - member/owners, notifies the broker when a position is about to become a fail-to-deliver. The broker may send the position out of DTC by transferring it overseas or doing a match trade with another party. The position may be returned to the DTC where the account is marked to market (value) and all of the time requirements of naked shorting are reset. The cycle can be repeated as often as is necessary to keep the positions naked."

Or link us to the RECATS program.

[Crazy Money]

The only people worried are people connected with "da company" that may have or may have not done something wrong... in whatever form that may be... not the fictitious short stuff.... lolzzz... oh wait was this not another one of those that are going after the "bashers" lolzzz ... come get me for this honest opinion ;-)

Outlaw Member Profile Outlaw Share Sunday, December 12, 2010 9:00:58 PM
Re: mytigger post# 90857 Post # of 90934
"8000inc has certainly laid out their case and it sounds like they have a very good one. I found this interesting little tid-bit..... Check out this link to the NOBO request form.... http://www.broadridge.com/nobo.pdf .... looks like under the "Additional Forms" request there is a little something called a "Security Positions listing report (Bank & Broker Breakdown)" that sounds exactly like what 8000inc submitted to it's shareholders."

Yep someone should be worried! Thanks for the info!

"Another loophole that is the repository for millions or billions of counterfeit shares is the DTC - sponsored and SEC - condoned RECATS program. The DTC, as a service to its prime broker - member/owners, notifies the broker when a position is about to become a fail-to-deliver. The broker may send the position out of DTC by transferring it overseas or doing a match trade with another party. The position may be returned to the DTC where the account is marked to market (value) and all of the time requirements of naked shorting are reset. The cycle can be repeated as often as is necessary to keep the positions naked."

Then you read this and see how they do it.....Hmmmmmmmm.....we should be very happy investors sooner or later! I think I'll just hang on to my shares and wait till the SEC gets done with the NSS situation!