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Virtual Drew

12/20/10 3:28 PM

#91939 RE: ctrumabll #91938

This is precisely why I find this EIGH FLD play (as announced by monk himself) is now heading down the NSS rhetoric path.

What about Monk's Den involvement?

Apparently the SEC has concern over Monk's Den involvment per the SEC suspension notice/order ( http://sec.gov/litigation/suspensions/2010/34-63242.pdf )

Monk's Den and it's members were a very active participants on this message board!

Apparently, Monk's Den is directly connected to EIGH in several ways...why isn't Monk's Den a topic of discussion?

Two extremes here: NSS and Monk's Den alleged securities manipulation scheme.

EIGH's latest newletter is obvious: Distance itself from Monk's Den, even though they still have it listed on their (EIGH) website

"8000inc (EIGH.pk) announces acquisition of Monk’s Den.
http://8000inc.net/Investors-Updates/2010/announces_acquisition_of_Monks_Den.pdf
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ryanmnly

12/20/10 4:10 PM

#91954 RE: ctrumabll #91938

I don't put any stock into the SHO and FTD lists. If I did, then I most certainly would not buy into the FLD concept. I am aware that the lists are there to inform and protect us, but I simply don't think they work.

I am also aware that the market makers short as part of the process of making a market, but I firmly believe they go far beyond reasonable limits, resulting in an imbalance of supply and demand. I also do not believe there is an official record of these shorts. Plus, watching the ask get knocked out on L2 only to tick down again and again is completely baffling to me. I don't see it happen on higher exchange stocks like I do on the pink sheets.

Agreed that NSS is claimed by all sorts of companies and rarely proven to be true. However, in the past, shareholders had either jumped ship long before the point we are at now, or the company imploded on it's own. So far, neither has happened here so it's a stalemate until someone flinches. In a way, we're trailblazing because we should have bailed long ago.

If it does succeed? Anyone heavily short gets the shaft. This should be market makers and hedge funds. Perhaps the market makers could somehow eek out a profit, but then they are still vulnerable to future squeezes. If it doesn't succeed, then the shareholders get the shaft.
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ryanmnly

12/20/10 4:25 PM

#91956 RE: ctrumabll #91938

ctrumall, here is an interesting excerpt from RegSHO.com. I can not vouch for the accuracy of this site, but if it's true, it might shed some light on why Reg SHO isn't listing EIGH.

http://regsho.com/faq/investorquestions.php

Section 6: "Regulation SHO is limited to reporting companies because of the difficulty in obtaining accurate total shares outstanding data for non-reporting companies."

As far as I know, isn't EIGH a non-reporting company?