Eagle Worldwide Inc.(fka ELWD)

[wallymac]

Not even going to touch the tax issue that is always best left up to a tax professional.

This isn't rocket science or anything new. I have in the past borrowed money against a savings account. It's a secured loan. I posted earlier from a quick search that there are institutions right here in the U.S. that loan money using your stock as collateral.

The difference we have here is that at this time the shares in the PDR exchange are being guaranteed for 1 or 2 years at a specific price and those PDR's will be backed up by Gold.

Since the company is looking for long term investors what better way than to allow you to use your money while holding the PDR's.

It's a win win situation. The less shares available for sale the higher the PPS will grow. Everyone benefits. The exchange can charge a fee for the transaction so the Fundacion also makes money increasing shareholder value.


Of course this is just my opinion and each individual needs make their own decisions based on their circumstances. Do Not Listen to anyone on this board when it comes to TAXES. They are not putting their name on the dotted line. Consult a profession.

Wally