the_worm06

Thoughts, Comments and Research on Publicly Traded Companies and Internet Stock Message Boards

Monday, January 31, 2011

[EIGH]: Prediction by the_worm06 regarding the bogus merger press release just issued by scam company 8000, Inc.

Scam company 8000, Inc. (EIGH) just issued a bogus press release regarding a potential merger with another public company, yet fails to state the name of the other company. EIGH states that the merger is scheduled to be closed in 14 days.

the_worm06 predicts that the proposed merger

will NOT be closed by February 15, 2011
will NOT be closed by February 28, 2011
will NOT be closed by March 31, 2011
will NOT be closed by May 31, 2011
will NOT be closed by June 30, 2011

and

will NOT be closed by December 31, 2011


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here is the bogus press release:

8000inc (EIGH.pk) Announces Proposed Merger

12:44p ET January 31, 2011 (PR NewsWire)

8000inc, a Nevada Corporation currently traded on the OTCMarkets Pink Sheets (EIGH.pk), today announced that they have conditionally signed an agreement in connection with the pending merger and acquisition of a currently trading, non-shell Bulletin Board Company, current in its filings. The Board of 8000inc has approved this merger under Nevada state law whereby there will be no change to the rights, ownership or conditions for all shareholders after the merger is completed.

Due to the current public shareholder concerns and speculation relating to the common stock of 8000inc, the transaction and will remain under the current signed Non-Disclosure Agreement ("NDA") until concluded. The agreement has placed a 14 day time frame, commencing today, January 31, 2011 for completion as dictated by the NDA and agreed respective due diligence over the period. The Company, because of the existing inquiry, voluntarily informs the SEC of all its substantive corporate actions.

The acquisition, if consummated as expected, is being structured as an exempt share exchange transaction between the shareholders of the two companies with 8000inc stock being exchanged for stock in the Bulletin Board Company pursuant to an opinion of third party independent counsel being provided accordingly. Due to the fact that 8000inc (EIGH.pk) is non-DTC eligible, 8000inc shareholders will be asked to request delivery of their shares in paper certificate form from their brokerage accounts. All existing shareholders will then be asked to send their certificates, and DTC delivery instructions for their brokerage accounts, to the Company's Transfer Agent, Signature Stock Transfer Inc. On receipt of the paper certificate, the Transfer Agent will verify and confirm ownership, and 8000inc certificates will be exchanged with shares in the new combined [or merged] Company via DTC. No exchange of shares will be undertaken until the TA has received the paper certificate and verified ownership by the shareholder.Detailed instructions will be made available to all shareholders within 5 days of the due diligence period outlined above.

For more information please visit:

www.brand8000.com www.8000incgroup.com www.8000inc.net

Or contact:

investors@8000inc.net

Also keep updated on 8000inc developments on Facebook or Twitter

This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of 8000inc see published disclosure documents at OTCMarkets. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

SOURCE 8000inc




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Sunday, January 30, 2011

[SPNG]: Promoter Stephen H. Pitell (spitell1951) claims to have traded on CONFIDENTIAL INSIDE INFORMATION

regarding scam company Spongtech Delivery Systems, Inc. (SPNG)

Here you have a post that he made about a year ago on the Yahoo stock message board for SPNG with his alias "spitell1951":


http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&bn=100008&tid=94056&mid=94067&tof=2&rt=2&frt=2&off=1

"OK. I do not have a link for this DTCC data. It was passed to me in a whisper. It's been seen by someone. If police ask me for my source, I will claim a journalists exemption and if necessary go to jail to protect my source. Is it believable? Yes and no. It is not NY Times
reliable. In other words, I only have a single source, and no second source of verification. So it is more than interesting speculaton, but not enough more to take to a bank."




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Wednesday, January 26, 2011

[SPNG]: Criminally Indicted scamster Steven Moskowitz, the former COO of scam company SPNG, speaks....

and most of his statements made in the below email thread are false and misleading.....

but, again, that is why he has been criminally indicted with enough charges that he will most likely receive at least a 50 year jail sentence for the largest fraud ever to have occurred in the history of microcap stocks - $175 million - $300 million (the Spongetech Delivery Systems, Inc. (SPNG) fraud):


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59196625






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[EIGH]: Who owns "Group 8000Inc."?

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It appears that someone registered a company named "Group 8000Inc." in the country of Barbados on October 19, 2010. Here are the details from The Office of the Registrar of Corporate Affairs and Intellectual Property of Barbados:

http://www.caipo.gov.bb/search/search.php


Name GROUP 8000INC.
Number 33833
Date Registered / Inc. 2010-10-19
Category Company


SOUND FAMILIAR?

As it turns out, after issuing many fraudulent press releases and detailing in its website about 14 different businesses and subsidiaries that it claimed that it owned, the only business that scam company 8000, Inc. (trading symbol: EIGH), which is registered in the U.S., now claims that it owns is a tiny unopened T-Shirt store in the country of Barbados.

here are the details of the public company, 8000, Inc. (EIGH), that is registered in the State of Nevada:

http://theworm06.blogspot.com/2010/10/eigh-directors-and-officers-of-scam.html



Does the public company, scam company 8000, Inc. (trading symbol: EIGH) own the Barbados registered Group 8000Inc.?

or

Does someone else own this foreign entity and will eventually collect any revenues that are derived from the Barbados businesses of scam company EIGH, thereby syphoning any potential revenues away from the public stockholders of EIGH?

hint: Why does scam company EIGH avoid discussing the Barbados registered company, Group 8000Inc., in its long Q/A responses that were made public recently?:

http://theworm06.blogspot.com/2011/01/eigh-scam-company-8000-inc-responds-to.html




details to follow




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Thursday, January 20, 2011

[EIGH]: Scam company 8000 Inc. responds to stockholders by issuing dozens of FALSE AND MISLEADING STATEMENTS

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.
and proving that many statements made in previous press releases by scam company 8000, Inc. (EIGH) were false and misleading:

the copy on IHUB message board:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58974608


and the original on the Facebook website of scam company EIGH:

http://www.facebook.com/pages/8000inc/319800828743#!/notes/8000inc/8000-inc-eighpk-shareholder-questions-and-answers-january-2011/490490492843







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Tuesday, January 18, 2011

[EIGH]: Scam company 8000 Inc. issues another email update letter to stockholders

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A copy of the letter is shown at the bottom of this report. In reality, the following is what scam company 8000 Inc. (EIGH) is really saying in this email letter to stockholders:

1. The SEC fraud investigation of EIGH and related parties has taken a serious turn for the worse for EIGH et al.

2. EIGH's Directors, Officers and related parties will be receiving life-time bans as officers/directors of public companies and are forced to replace the current management with other individuals.

3. EIGH expects to be fully sanctioned by the SEC for issuing the fraudulent press releases of the last 2 years.

4. The acquistion of Southbrige Development Group was never formally closed by scam company EIGH, even though 8 million EIGH shares were issued to the owners of Southbridge as EIGH falsely announced that the acquisition was formally closed.

5. The millions of dollars of funds needed to close the acquistion of Southbridge were never raised by EIGH or related parties.

6. Although EIGH announced that it was involved actively in 14 different businesses and subsidiaries, this was all false and, in reality, the only area that EIGH is involved in is an unopened T-shirt store in Barbados.

7. EIGH never received the $40 million in windfall cash that it claimed and never intended to proceed with acquisitions with this cash that it never received.

8. EIGH is no longer claiming that the evil naked shorts have shorted EIGH substantially. This again was part of the fraudulent accusations by EIGH against the evil naked shorts as an excuse for the drop in stock price of EIGH.


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the letter:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58898696


Alejandro1989
Tuesday, January 18, 2011 11:48:48 AM
Re: None Post # of 95283

8000 Inc (EIGH.pk) to Focus on Core Business and Unwinds the Southbridge Development Group Acquisition

The Company and all subpoenaed individuals, in conjunction with the SEC’s order suspending trading, have and are complying fully with the requests by the SEC regarding its current “In re Matter of Monks Den.” Some 5Gb of data has been collated on behalf of the Company and provided to the SEC investigation team to answer all questions. Mr. Kelly has testified, Mr. Bryant is prepared to testify near-term under oath and the individuals subpoenaed are finalizing their responses to the extent not already included in the Company response. The Company will update its shareholders on this SEC matter in its monthly reports. The Company accepts that it was careless in some of its actions and that it will likely need to (i) enter into a consent order with regard to its publicly issued press releases and (ii) issue remedial correcting releases (voluntarily or as directed by the SEC). Nonetheless, the Company firmly believes that the SEC’s investigation will show no illegal, manipulative activities or wrong doing by its officer or associates in conjunction with the Company’s shares.

Subject to the findings and response from the SEC, the Company feels that it should install a new management team. Seasoned professionals have already been identified with agreement in principle to join the Company’s board. The new members of the management team will be experienced merchant and investment bankers to take the lead in terms of the Board of Directors and associated corporate fiduciary duty as well as shaping the operational activities of the 8000 Inc. and engaging needed officer(s).

At the request of the proposed in-coming new management team, and as a direct result of the SEC Investigation, the Company has decided that it needs to focus on its core business and take a less aggressive approach to its business. To that end, the Company intends to now concentrate solely on its profitable business interests in Barbados and move away from the longer term investment strategy of acquisitions, among other reasons because of the funding committed or required going forward.

In light of its advances made in Barbados and its belief that its operations there are gaining traction, the Company’s operations in Barbados, including its Brand8000, will become its focus, commencing immediately. The first action under this changed operational emphasis is, regrettably, the decision to concurrently rescind the December 2009 agreement of the acquisition of Southbridge Development Group, performance of which has been held in abeyance pending funding required to be provided. While no agreement has been reached and without prejudice to any rights they may have over the last year, Southbridge is expected to return to the Company the 8MM restricted shares issued in conjunction with the acquisition and both entities will proceed independent of one another, without hindrance and with no involvement or ownership by either in the other.

For more information please visit:
www.brand8000.com
www.8000incgroup.com
www.8000inc.net

Or contact:
investors@8000inc.net




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Wednesday, January 12, 2011

[EIGH]: Jonathan Bryant again appears as a representative of scam company 8000 Inc. in the Press

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http://www.nationnews.com/articles/view/football-camp-for-oval/


Football camp for Oval


By: Sherrylyn A Toppin

Kensington Oval will be the site of the 2011 AC Milan Junior Camp in Barbados from October 15 to 23.

An ecstatic Greg Castagne of Pro Shottas told the Nation following discussion with officials at Kensington Oval earlier today, they were able to secure the venue and it could become an annual arrangement.

The football camps are also used for scouting and securing talent for the Serie A club’s feeder programmes.

“We wanted to get the best facility. We are overjoyed to get Kensington Oval and AC Milan will get the best facility,” Castagne.

“It is a world-class facility for a world-class event,” sponsor Jonathan Bryan of 8000 Inc. added.

The event was originally scheduled to be held at the National Stadium. However, Castagne said they would be reducing the number of participants from 75 to 60 because they wouldn’t be able to use the square at the Oval.

A section of the venue, dubbed the Mecca of West Indies cricket, will be used for matches, while another part will be used for skill displays.

“We want as many kids as possible to benefit from the experience. If the camp isn’t going to suffer in terms of quality we will increase the numbers, but right now we can guarantee 60,” Castage said.

Officials at Kensington Oval have also made the media centre and conference facilities available. Members of the public will be able to come and watch the matches and skills displays which are open to local footballers between age 12 and 17. Coaching will be provided by AC Milan and Pro Shottas. (SAT)


NationNews.com © Nation Publishing Co. Limited 2011





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Wednesday, January 05, 2011

Former top associate of International scam artist Lou Pearlman sentenced to prison


Robert Fischetti sentenced to three years in prison for his role in Ponzi scheme.

http://www.orlandosentinel.com/news/local/breakingnews/os-lou-pearlman-fischetti-sentence-20110105,0,1466918.story


By Amy Pavuk, Orlando Sentinel

12:04 PM EST, January 5, 2011


A former top associate of Lou Pearlman was sentenced to three years in federal prison Wednesday for his role in the disgraced music mogul's scheme that bilked investors out of hundreds of millions of dollars.

Robert Fischetti pleaded guilty in Orlando federal court in June to one count of conspiracy and three counts of failure to file an income-tax return.

Fischetti played key roles in many of the companies Pearlman set up.

Pearlman, who founded the Backstreet Boys and 'N Sync, is serving a 25-year sentence for orchestrating one of the largest Ponzi schemes in the state.

He pleaded guilty to running a $300 million investment scam in connection with the sale of worthless stock and retirement-account investments in Trans Continental Airlines and Transcontinental Airlines Travel Services.

In Fischetti's case, federal prosecutors said Trans Continental Airlines offered people the chance to invest in what it called an Employee Investment Savings Account program.

But that program was nothing more than a Ponzi scheme, using newer investor money to pay off earlier contributors.

Fischetti managed the investor database for the EISA program from offices in Orlando at times from 1989 to 2007, his plea agreement said.

Fischetti sent statements falsely showing investors' money was earning interest.

More than 1,500 people invested over $200 million in the EISA program, the agreement said.

Fischetti also failed to file personal tax returns for three tax years while earning nearly $1 million.

Amy Pavuk can be reached at apavuk@orlandosentinel.com or 407-420-5735.


Copyright © 2011, Orlando Sentinel






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Monday, January 03, 2011

[JBII]: Yet another red flag for scam company JBI, Inc. - Notice to Cease and Desist Internet Defamation

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http://siliconinvestor.advfn.com/readmsg.aspx?msgid=27064407






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Sunday, January 02, 2011

[EIGH]: Promoter AlanC

Rarely has the_worm06 seen such a stupid moronic poster as this promoter...here he is saying that a price for the stock of scam company 8000 Inc. (EIGH) of $0.01/share is a good price.....little does he know that it is on its way to lose more tan 99% of the current stock price.


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58312622


AlanC
Saturday, January 01, 2011
9:24:51 AM
Re: Grandmasim post# 92675
Post #92676 of 92684

Grandmasim: I believe I was one of the lucky folks who was filled yesterday via the sale of some of your shares. I was filled at .01 fyi. It is my hope you sold only a small portion of your holdings and the sale was made to offset gains elswhere and that you have every intention of repurcashing those shares after 30 days has passed. Anyway wanted to say thanks. I believe 2011 will be an awesome year for the longs. Go EIGH!!!
My one allowed post for the day!





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