Replies to post #103286 on 8000 Incorporated (EIGH)

[deepvalue]

I'm all for transparency, truth and the rule of law. It has produced the following results.

1) EIGH was suspended from trading and then banished to the greys. Why? Because the SEC evaluated the company and determined management and promoters where misleading investors. Now you can't sell your shares if you wanted to......there is no market.

2) CDIV was suspended from trading and will be banished to the greys. Why? Because the SEC determined the company and related promoters were issuing false and incomplete information on the company. In the future these shares will also have no market.

3) Monk remains under investigation and this has caused he and his inner circle to go radio silent. Obviously because they know that continued promotion of misleading information and false theories (ie. FLDs and your "airshare" nonsense) will land them in jail

4) Monk's deposition related to the civil lawsuit against him revealed that he was dumping FLD shares while you and the rest of the team were exhorted to buy and hold

5) All publicly available information related to EIGH, CDIV, etc. reveals there is no short position. The only people flogging this claim are EIGH mgmt (who also brought you lies of the $40M windfall, the related dividend that wasn't, various untruths related to mergers, etc.), promoters and unsophisticated investors

6) The intrinsic value of the shares is the ultimate data point. You hold shares that are "valued" at a penny, but are really worthless because they no longer trade

Yep, I think that this investigation has been a great thing for investors. Not for those holding EIGH and the FLDs, but for future investors who will be properly warned to avoid this scam.

[Fire Lane]

did you bother to read what you signed? Its not an affidavit. its you giving up any rights you have to stock you own

[arvitar]

How can anyone claim to be against fraud by company management on one hand and for fraud by those selling non existant shares on the other?

That's like asking how one can be against armed bank robbery and murder on one hand, but not against hobgoblins from the land of Narnia stealing unicorns on the other hand.

EIGH has committed fraud multiple times, and this is a documented fact, as recorded in their own lies they've told to their shareholders.

The Magical Naked Shorters selling airshares sprinkled with pixie dust is a fairy tale, originally contrived by Monk and then adopted by EIGH management, meant to scam naive investors who are inclined to believe lies that aren't supported by facts or logic.

[butterfly89]

Alan, I am all for exposing fraud that has been committed and ferrating out the truth. However I don't recall Kelly or Monk ever providing us with screenshots or proof of what they hold in their accounts so I don't see any reason to provide them with mine. Everyone keeps saying that "they never sold" but there has been no proof to this assumption. If they were so worried about proving that they were the guys wearing the white hats then that would have been given up freely months ago when they started asking us to prove that we were all still loyal shareholders. What's good for the goose is good for the gander, right? Where are the Form 4's that were filed to show all of us loyal shareholders that they are still in this along side us and fighting for their company? I realize that they are not required to file these disclosures but it would have gone a long way in proving that they aren't "deceiving" anyone. The first way to show that you are legit is to take the actions to open your books and not hide behind " my lawyer said I shouldn't comment". If you have nothing to hide then proving that you never sold a share would be easy. Maybe they can't provide a screen shot from October but my broker issues monthly statements that tells me what I hold at the beginning and end of the month. Seems to me that it wouldn't be all that hard to put the matter to rest.

[EarnestDD]

The ONLY fraud committed on EIGH were done by EIGH management, consultants and promoters.

The SEC Investigation continues into the Fraud.
jmo