Eagle Worldwide Inc.(fka ELWD)

[The_Pink_Lawyer]

Thank you to all for attending the meeting and transmitting the information. I would have liked to have attended myself. I added more shares yesterday. Based on yesterday's volume, I'm guessing whomever (hmmm) is shorting PYPR has covered and will allow it go breathe a little until the next short.

I have a few observations about the meeting notes:


1. SPECIFICALLY where are Revenues and Profits coming from?

Some profits are coming through the debit cards for payroll that we provide through Pay Pro.

Revenues come from the Microforest projects.Companies and individuals receive a tax credit for “ecology friendly” contributions. We collect a percentage of these donations as an “administrative fee” by brokering and marketing the forests.

We also own E-Biz Finance, a micro-loan company in Panama. We are the ONLY finance company licensed to do micro-loans and currency exchange on line. We do micro-loans of $100-$300 per month and have our loans repaid through payroll deduction from the employer. Loans are funded through our debit cards.

Revenues from the Panama Canal Expansion?


2. Does Paypro still have plans/intentions to be listed on the OTCBB? If yes…Would you be willing to share the company's plan for moving to the OTCBB?

Yes, and as quickly as possible. See question #3.

Why? What advantage does listing on the otcbb have? Attempting to move to a higher exchange is unrealistic given the large A/S and O/S. Moving to the otcbb will only increase PYPR's administrative costs but will not, in itself, pave an easier path to a "big board" exchange. Moreover, listing on the otcbb will not increase PYPR's "credibility" as most traders unwilling to invest in pink sheet stocks also will not invest in otcbb stocks, i.e., the "big boys." The immediate concern should be reducing the A/S and O/S.


3. Audited financials for the 4th quarter would show more commitment for preparing for OTCBB listing. Any chance of this?

It will be difficult to have them for Q4 because of time. The stated goal is to have our first audited financials released for Q1 2007. We will file our first Q at that time. In order to move to the OTCBB, we need 2 years of audited financials. We will be working on getting our 2 years of audited financials by having 2005 and 2006 “back audited”. This “back audit” will begin early next year. Terrell still wants to go OTCBB “As soon as possible”.

See my comments to No. 2


4. Has the share buyback begun?

Only direct buybacks. Market buybacks will begin as soon as all compliance procedures are in place. Mike Terrell said that it IS possible to update us as the buyback progresses. He is considering as one possibility, doing this via the new website.

As I noted in an earlier post, the Press Release announcing the buyback did not say PYPR would buy exclusively on the open market. Rather, the PR stated PYPR would reduce the "O/S" most of which is restrited. Glad to see that buying of these restricted sales has begun.http://www.investorshub.com/boards/read_msg.asp?Message_id=14931452&txt2find=terrell


5. Could you clarify this footnote #2 in financials ? Its the implication that’s disturbing if the notes were called ....rate to be deterimed =how many shares and then be sold in market ect.
"The Company has received short term loans of operating funds. the notes are unsecured, non-interest bearing and due upon demand. The Company intends to repay the loans from the issuance of shares of it's common stock at a rate to be determined."

This was verbage that should not have been included in the financials . These “loans” are personal loans to the company by Mike Terrell, and will NOT be have shares sold to satisfy them.

PYPR should issue a formal PR stating this. In fact, Mike Terrell's statement is consistent with PYPR's 15c2-11(a)(15) Disclosure Statement wherein it is stated that "The Company has conducted no offerings in the past two years ended December 31, 2005, and in the period from December 31, 2005 through June 15, 2006. No stock or other options have been issued for services in the past two fiscal years and in the period December 31, 2006 through June 15, 2006."


6. Does the Company plan on opening up new Business Ventures in other regions of the World.

Company debit cards can be issued in 125 countries presently.

Is PYPR seeking joint venture partners or other "deals" to make this happen?


7. Is the Company looking into Merging with a larger company to get listed on a higher exchange? Reverse Merger.

No.

Good


8. Who holds restricted stock in the Company and when will the Stock become unrestricted.?

Mike Terrell is the major shareholder.

In the Company's 15c-211(a)(15) Disclosure Statement, Mike Terrell is listed as the owner of approximately 2.5 billion shares, comprising 32.78% of ownership, an unidentified "executive officers and directors as a group (1 person)" is listed as the owner of approximately 2.5 billion shares and 32.78% ownership, and a Jack Brown is listed as the owner of another 2.5 billion comprising 32.77% ownership. Who exactly is heretofore unidentified "executive officer and director?" Is he/she still with the Company? If not, what of the shares?

Moreover, as I noted in a previous post and above in response to Question No. 2, the most imperative action for PYPR to take is to reduce the A/S and O/S. This could be accomplished by staying true to Mike Terrell's promise, stated in writing on numerous occasions in which Mr. Terrell put his reputation and word on the line that PYPR would not reverse split, that the owners of the restricted shares (Mr. Terrell, the unidentified officer and Jack Brown) could voluntarily return some of their shares to the Company's treasury for cancellation. In return, this would greatly enhance the value of the remaining shares and would faciliate moving PYPR to a higher exchange. See http://www.investorshub.com/boards/read_msg.asp?Message_id=15053728&txt2find=terrell


9. What forms of financing will the Company use to expand?

Other than the sale of PDR’s… ”None, we don’t need any.” PDR’s are sold “project specific.”

Again, consistent with the Disclosure Statement. Nice!



10. PDR’s - What is the ratio structure? (i.e. How many shares of stock are in one receipt)? Is it the receipt that is priced at .04? When can the PDR’s be “cashed in”, and will that cause a sudden large sale of stock on the open market?
In reference to the PDRs, "never" hitting the float is a long time. I believe the last sentence quoted herein provides a clue. "A PDR can be cancelled for its underlying restricted shares at any time."

PDR holders may convert the PDRs at their option. At such time, the restricted shares would be issued as restricted stock with the restriction start date as of the date the restricted shares were issued for the PDR.
There are 10,000 shares of stock in one PDR. One of these PDR’s costs $400. (.04 per share).PDR’s are underwritten by “restricted” stock held in the
foundation. They can be “cashed in” at any time for their current value or the underlying shares. The value PDR increases as the share price increases.They can also SOLD to another party, as they are a “negotiable instrument”.

As I thought, but the question of *when* the restrictions will be lifted has still been unanswered. http://www.investorshub.com/boards/read_msg.asp?Message_id=15101252&txt2find=pdrs


11. Does the Company have a plan to deal with and counteract the parties that are shorting the Company Stock?

Yes. Several options are being discussed. Terrell said he gets the DTC’s daily and the NOBO weekly in order to stay up to date on the shorts. He plans to aggressively fight shorting.

Is Mike Terrell aware of the discussion concerning Pecunuiam on the PYPR Board? Maybe someone should make him aware.


12. What kind of commission % are they getting. How much commission would Paypro earn on a $1 sale? 5%? 10%? At 10% commission, the principal would have to be 56 million in sales. Where is the explanation of how Paypro sells these microforests or whatever it is they are doing???

The commissions are all based on the individual “deal” See question #1.

See my comment to No. 1


13. Through which brokerage is the company buying back shares?

TBA

Will the company issue quarterly update PRs to summarize the number of shares bought-back for each period? (This is very important to the destiny of our pps and, if they're serious about doing following-thru, it will do nothing but bolster investor confidence.)

See question # 4

14. When is it expected that the revenues listed in accounts receivable will be converted to cash?

Quote: “Who said they haven’t already? The financials are a snapshot taken on Sept. 30th”

NICE! Take that bashers!!!!!!!!!!!


15. Could you describe the company’s organizational structure/hierarchy?

PANAMERSA is the parent “holding” company. Paypro and the Foundations,as well as E-Biz are subsidaries.

1 Chaiman
1 President and CEO
4 V.P.’s
1 Secretary
1 Treasurer

16. How many current employees, how many projected in the future?

We have 10-12 on our direct payroll at any one time. We outsource a lot of our work, such as the operation of call centers, etc.

Are these employees located in America or Panama? Were they issued stock options as part of their employment?


17. What specific plans does PANAMERSA Corporation have for operating region AMERICA II (United States, Canada, & Mexico)?

Debit cards and marketing of micro-forests and tax credits.

Panama Canal Expansion?