Replies to post #91014 on 8000 Incorporated (EIGH)

[Virtual Drew]

Carl Duncan (EIGH's legal counsel) a FRAUD?!?

Say it isn't so!

Signing off opinion letters to have restrictive legends removed? Never thought of that idea! <sarcasm>

[loanranger]

"He is only authorized to practice in Washington and not Illinois or Ohio."
"He also lives in Maryland practices there but isn't licensed in Maryland."

The above is all I could verify. Maybe you have better resources than I do, but I wouldn't know how to determine whether:
"Carl Duncan failed to notify the Ohio, Illinois and possibly Washington D.C. Bar of his Consent Order by the Maryland Division of Securities. It also appears that Duncan lies about his authority to practice law in multiple jurisdictions."
and that
"He was at one time admitted in Ohio and Illinois but became inactive about 20 years ago."
That said, he was admitted in Ohio and Illinois in the 70's and in 1987 in DC, so I suppose the DC licensing could have been applied for to replace the others. But that is speculation on my part.

I noticed this in some previous research:
On 8/2/10 in his "Attorney Letter with Respect to Current Information - Quarter 2 2010" he said:
"Counsel is authorized to practice law in multiple jurisdictions, including at the federal level, and is a member of the bars of Ohio, Illinois and D.C." That letter was subsequently rendered "Inactive".

Two days later he issued a replacement "Attorney Letter with Respect to Current Information - Quarter 2 2010" which reflected a change in that statement and that statement only. The new, "Active" version reads:
"Counsel is authorized to practice law in the District of Columbia and at the federal level."

The two "Attorney letters" that he previously provided on behalf of EIGH, which still appear as "Active" in the Pink Sheet listing, also indicate that he was licensed in Ohio and Illinois. So, unless his license became inactive on or around 8/3/10 he has some explaining to do regarding the 3 previously filed letters.


But I have a problem that, to me at least, is more important. EIGH, until the trading suspension, was in the OTC market tier called Pink Sheets Current Information. One of the requirements of that tier is that the financials be prepared in accordance with Generally Accepted Accounting Principles and Pink Sheets requires that an attorney vouch that the submitted statements are prepared accordingly in the Attorney's Letter. He did. They aren't.