Eagle Worldwide Inc.(fka ELWD)

[nuketheshorts]

I really wish the company would explain to us what it's doing.

If the game is to have the company or arbitragers buy up all the valid shares on the pink sheets; get certificates for them; and then redeem them on the new panamersa exchange... then all of us holding shares in IRA accounts are screwed!! Either we withdraw our shares now and pay taxes on the funds or we have our shares declared invalid later on.

As to non-ira shares, we can now do as suggested and get certificates for them... but this suggests that we intend to place them in the new panamersa exchange.

I'm not convinced that's a good idea. Do I then have to declare that I have an offshore account or risk lying to the us government?

I'd rather sell them from my current account for a legitimite amount... but this may not be possible. Whoever is shorting certainly doesn't seem threatened by the recent announcements or financials. They just keep selling as many shares as we're willing to buy.