Shareholder Update June 20, 2011 - Broker Transactions when no trading volume....?

June 22, 2011 - PRLog -- In a June 15, 2011 presentation at an SEC open meeting, SEC Chairman Mary Schapiro stated the following:
“…As with the investment adviser rules, the proposal under consideration today grew out of the Madoff Ponzi scheme and other frauds in which investor assets were misappropriated.
The fact is that when investors hand their assets over to a broker-dealer, they trust that their broker-dealer will hold and invest the assets as directed. But when a broker-dealer violates that trust and misuses the assets, that broker not only harms the investor but also erodes confidence broadly in the financial system. This in turn undermines the ability of legitimate businesses to raise capital.
To protect investors and help maintain confidence in the market, I believe we must take strong steps to help safeguard the assets held by broker-dealers…”

In response to this statement, the Company has identified many occasions of what in its opinion is absolute proof of manipulation in the trading of EIGH.pk. To make the matter simple and easy to interpret, the Company, for the benefit of the shareholders and the SEC, has concentrated on just 2 time periods and 2 days within those time periods to demonstrate its opinion and to allow the regulators to act on information that is in the public domain, they should have and we believe is undeniable.
During the periods February 10 to February 15 and March 17 to March 23, 2011, there were zero (0) recorded trades in EIGH.pk as per the OTCBB site. (http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&S...)
During these time periods, there were 680,184 transactions recorded for February 10 to 15, 2011 and 1,481,590 transactions for the March 17 to 23, 2011 periods, respectively.
These figures were obtained from the Company’s Transfer Agent (TA), certified transactional reports for EIGH.pk provided to the TA directly by the broker-dealers outlined below.
During these 2 periods of zero trading volume, the following brokers were engaged in transactions for EIGH.pk:
1.   Scottrade
2.   E*Trade
3.   Penson
4.   Nartional Financial Services        
5.   RBC Dominion
6.   Stiefel              
7.   Investor Co.                  
8.   Pershing          
9.   Brown Brothers      
10.   Vanguard
11.   J P Morgan    
12.   Merrill Lynch                
13.   Knight            
14.   Schwab              
15.   American Enterprise  
16.   ALPCO              
17.   Legent

By way of introduction, a transaction recorded on the “transactional records” (in contrast to volume records) is a record of the change in ownership of any shares or certificates recorded by original owner and new owner or transferee.
So, if Broker X sells one million shares of EIGHG.pk to Broker Y, then the original 1 million shares represented by certificate number 1, is recorded as cancelled under the account of Broker X and a new certificate number 2 is recorded as issued under the account of broker Y.
The Company took just 2 days from these 2 periods using the least number of transactions recorded by broker, namely February 15, 2011 and March 21, 2011.
February 15, 2011 (Emphasis Added)
•   Scottrade cancelled 87,035 shares of EIGH.pk (certificate number 9226); and
•   Penson cancelled 5 shares of EIGH.pk (certificate number 9287).

Meanwhile:
•   E*TRADE, acquired those shares and issued 87,035 shares of EIGH.pk (certificate number 9367); and
•   National Financial acquired those shares and issued 5 shares of EIGH (certificate number 9368).

Note that the numbers are identical—on days when supposedly no trading occurred!?
March 21, 2011 (Emphasis Added)
•   Pershing cancelled 900 shares of EIGH.pk (certificate number 9167);
•   Pershing cancelled 500 shares of EIGH.pk (certificate number 9275); and
•   Knight cancelled 110 shares of EIGH.pk (certificate number 9286).

•   Stiefel, acquired those shares and issued 1400 shares of EIGH.pk (certificate number 9431); and
•   American Enterprise Inv. acquired those shares of EIGH.pk and issued 110 shares of EIGH (certificate number 9534).
With regard to the above:
~             All 4 of the new certificates issued (9367, 9368, 9431, 9534) were issued because the stock changed ownership recorded from one broker to another different broker;
~             All still exist on the certified shareholder and certificate list;
~             Were settled on the dates given recorded on both the transactional and certificate list on the identical dates; and
~             Were not part of an account transfer or the issuance of physical certificate(s).
Therefore, as these, in our opinion are share transactions, or trades, why do they not show up on trading volume for the dates they were transacted:
•   Why were these transactions recorded in the certificate transactional records when there was zero trading volume?
•   How can trades not be recorded?
•   We submit that the foregoing examples clearly show manipulation of brokerage records which is illegal, is contrary to the SEC’s public mission as Chairman reminds us and reiterates, as stated above, does not protect the assets of the shareholders and can only be explained, in our opinion, as the movement of stock between broker-dealers and not recorded, contrary to applicable regulations of both the SEC and FINRA.  We believe, the movement of shares willfully not recorded on the trading volume, thus deliberately hidden!  For what purpose? We believe this is absolute proof of the manipulation of EIGH.pk, part of which is (i) broker-dealers engaged in naked short selling practices and (ii) intentional non-reporting to hide such actions.

The above 16 brokers can be seen to have engaged in this practice, in two consecutive months, highlighted on documents available to the regulators and still the shareholders and customers and their assets continue to be abused and manipulated in the face of the regulators who have stated publicly they are here to protect.
The Company demands action and asks, when so many of these facts are available and known to both the SEC and to FINRA, do they continue to allow these practices? The manipulation of the stock, the shareholders and their assets is a separate issue to the on-going investigation “In re the Matter of Monks Den.”  Therefore irrespective of all else, if manipulation is shown, the SEC (per regulations and according to Chairman Shapiro, in her own words) should act:  “To protect investors and help maintain confidence in the market, I believe we must take strong steps to help safeguard the assets held by broker-dealers”.
If there are any questions, please direct them to the enquiries@8000inc.net.

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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 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.

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