[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.
===============
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
_____________________________________________
.
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.
===============
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
_____________________________________________
posted by the_worm06 | 1/18/2011 04:16:00 PM
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