[EIGH]: Scam company 8000, Inc. issues yet another false and misleading Letter to Shareholders
8000 Inc (EIGH.PK) Statement to Shareholders –February 15, 2011
by 8000inc on Tuesday, February 15, 2011 at 5:45pm.
As previously announced, 8000 Inc. (EIGH.pk) is volunteering information to the SEC relating to (i) the proposed merger with a non-shell trading Bulletin Board company as well as (ii) its demonstrable evidence regarding its concern about a suspected manipulation including a naked short position, in its common stock (estimated by the Company to be an amount greater than twice the reported float).
Today, the Company volunteered additional information to the SEC Staff collated from the transfer agents transaction and certificate reports for the periods August 22, 2010 to September 30, 2010 and October 1, 2010 to December 31, 2010.
The Company has publicly stated that, due to the many issues raised, the contemplated merger (and associated share exchange) will be undertaken only through the recall and retirement of EIGH.pk certificates. This position is further reinforced by the following facts identified in the transactional statements.
- Shares were exchanged, traded or transferred by several brokerage houses during the period of the Company’s trading suspension, November 4, 2010 to November 17, 2010.
- Several brokerage firms transacted internally, same day, the sale and purchase of large numbers of shares not recorded in the trading day volume. The events so far recorded equate to over 30% of the trading days.
- Over defined periods, the number of shares purchased and recorded as such by brokerage firms was greater than the recorded trading volume
- Trading volume recorded for defined period was seen to be significantly less than the transactional volume in over 60% of the trading days.
These events are not the only identified examples raising issues of improper trading of EIGH.pk They do, however, lead the Company to the conclusion that the matters need to be investigated and the decision to recall certificates in relation to the contemplated merger, being correct. The Company has submitted all data and further findings to the SEC Staff and requested assistance with this matter to the degree provable, highlighting all questionable events. The Company is further supported by the now known issue of non-delivery of requested certificates to Shareholders, equally exampled and relayed with the SEC Staff.
EIGH will continue to keep its shareholders apprised as events unfold. Also keep updated on 8000 Inc. 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 harbor" 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 8000 Inc., see published disclosure documents at www.OTCMarkets.com. Readers are cautioned not to place undue reliance on these forwardlooking 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