MANASSAS, VA March 1
Through submission to the Company, not less than 25 shareholders have provided documented information relating to the issuance of physical stock certificates and detailed brokerage account information. In addition, 146 shareholders have provided information to the Company specifically detailing the number of shares they hold on their individual brokerage accounts by share purchase date and by individual certificate number. Those volunteering shareholders have been advised to a person by their brokerage firms that the issuance of certificates will be difficult, not possible or will take up to 8 weeks. It is only possible to conclude the merger when all shareholders and investors are given identical treatment. Therefore, the contemplated merger, in the Company’s opinion, is still the most appropriate route forward, but is some weeks off in terms of delivery, specifically due to the issues surrounding physical certificate delivery.
Due to (i) the associated uncertainty (specifically regarding when the SEC will have concluded its investigation) and (ii) costs to pursue its alternatives given these regrettable circumstances, the Company has had to postpone the opening of the flagship store at Limegrove Lifestyle Centre until further notice. Upon conclusion of the SEC investigation, at least as it relates to the Company, we will immediately open the store.
The Company, in line with its open disclosure policy, is publishing its findings and the SEC Advocacy document to the shareholders, public and markets alike outlining its beliefs and evidence supporting its opinion that its stock is being manipulated or questionable trading practices have been employed, including its conviction that a significant naked short position exists in the Company’s stock, EIGH.pk.
The Company requests its loyal, long-suffering shareholders, to evaluate the information contained in this PR and the 8000 Inc supporting Evidence Document available to the public on the Company’s Facebook page and, hopefully, to continue to maintain their support through this difficult time. The Company is evaluating and assessing all options both commercially and legally and will continue its efforts to navigate the challenges it faces through circumstances largely beyond its control. The Company is, among other possible alternatives, looking at raising funds to progress and maintain the business and will advise its shareholders of any developments accordingly.
EIGH will continue to keep its shareholders apprised as events unfold. Also keep updated on 8000inc developments on Facebook or Twitter