8000 Inc. (EIGH.pk) SEC Confirms Receipt of Shareholder information

May 26, 2011 - PRLog -- 8000 Inc. would like to bring the shareholders up to date with the latest correspondence with the SEC. The Company can confirm that it has received confirmation from the SEC Division of Trading and Markets and the Office of the Chairman that they have received the Company’s communications, the Company’s offer to provide all shareholder account holding records and testimonies that support the significant Naked Short Position held in EIHG.pk and confirmation of receipt of shareholders communications containing like information. (Correspondence below).

In line with SEC policy, as you will see in the communications below from the SEC, they take the matter of abusive naked shorting very seriously. 450 shareholder accounts show that, when added together, they hold a total number of shares in excess of 178,000,000.  As our submission develops, this “overage”/”market imbalance” represents only 60% of the shareholders, does not include a further 300 shareholder accounts and their shareholding at an additional 42 individual brokerage firms. The Company has not issued this number of shares! The Company has offered all of this information to the SEC, to the Chairman in response to representations made in her behalf and three further SEC senior managers. What could be more simple, in our view, than a simple task of addition to resolve this matter, especially if, naked shorting is taken seriously by the SEC?
The Company will continue to update the shareholders and will continue to offer the supporting documentation that supports our belief that our stock is the subject of massive naked shorting. We will continue to ask the SEC if they will undertake the addition of the shareholder count, undertaken with written testimony.  Having admitted known shorting in EIGH.pk, a stock not eligible for short selling, what is difficult in accepting our offer to supply the information allowing the SEC to ascertain its own true figure? This is especially puzzling to us when the SEC is aware of the issue and has been offered all of the information already available in any format of their choice. We understand the SEC is not looking at all companies at all times.  

However, we submit that all the Company has been asking the SEC and/or FINRA, given their stated serious interest in Naked Short Selling, is to add up the shareholder account positions for EIGH.pk and,  we believe, such regulator(s) will arrive at a number of shares held that is significantly greater than 143,824,700 issued and available by the Company. We, of course, reiterate our availability to help reconcile this situation and request the SEC and/or FINRA to issue under existing rules a buy-in notice or other appropriate remedy to this “market imbalance,” a situation we believe beyond what any one issuer can deal with on its own!  


From: "CHAIRMANOFFICE" (CHAIRMANOFFICE@SEC.GOV)
Date: May 25, 2011 5:35:58 PM EDT

To:
Subject: U.S. Securities and Exchange Commission

Thank you for your e-mail to the Chairman's Office of the U.S. Securities and Exchange Commission.  Your comments and concerns are very important to us.  Unfortunately, because of the large volume of e-mail received, the Chairman can not personally respond to each message.  We do read and carefully consider the opinions expressed in all of the e-mails that we receive.

       If you are an investor with a complaint about a securities professional, firm or a public company, please visit our Complaint Center, at http://www.sec.gov/complaint.shtml, to file a complaint.  If you have a securities-related question, please visit our website at http://www.sec.gov/answers.shtml to find fast answers to your questions and solutions to common investment problems.  If you are a securities professional needing assistance on technical matters, please check our "information for" pages on the top right of our website, www.sec.gov.  

       We deeply appreciate your taking the time to communicate your thoughts and concerns to the Securities and Exchange Commission.
                               Sincerely,
                               Lori Schock
                               Director
                               Office of Investor Education and Advocacy
                               U.S. Securities and Exchange Commission


Show details 4:24 PM (21 hours ago)
Reference Brenda Martin, SEC Letter to Congressman and  Shareholder , Division of Trading and Markets

Dear Mr. XXXX:

Thank you for contacting the Securities and Exchange Commission regarding your concerns about 8000inc. stock and providing us information shared with you by the company.  As members of the Commission staff from various offices have expressed to you over the telephone, by email, and in the May 3, 2011, response to the letter from Representative XXXXXXX, Commission staff are taking your concerns very seriously.  The Commission is committed to protecting investors and issuers from market manipulation, including potentially abusive “naked” short selling, which can harm issuers, investors, and market integrity.  Although as a matter of policy the Commission cannot provide information as to whether or not we are conducting an investigation, your concerns and the information that you provided on this matter have been referred to the Commission’s Division of Enforcement.  Should you wish to provide additional information to the Commission on this matter, we would encourage you to submit information to the Commission’s Tips, Complaints and Referrals Portal, which you can access at http://www.sec.gov/complaint/tipscomplaint.shtml.

Sincerely,

Division of Trading and Markets


If there are any questions, please direct them to the enquiries@8000inc.net.

www.8000inc.net

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-ENDS-

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 8000 Inc., see published disclosure documents at www.OTCMarkets.com  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.

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