Eagle Worldwide Inc.(fka ELWD)

[was StockSniper]

As usual I agree with you 100%...
When MT first told me he felt we were greedy for selling PDRs to flip...I also didn't agree. I felt he created this opportunity....of course we would take advantage of it.
I have, as time has past...come to see MTs point of view....however...as you said...if we were given clear information as to what was expected of us....we may have acted differently. Also...if he expected us to hold for a minimum period of time...he should have put a restriction on the shares. To the contrary we were told we would have the ability to sell and wire our money out at any time. This situation gives a lot of credibility to what Midas has been saying about free trading PDRs and wire transfers used as a lure to get us to convert our shares to PDRs. I'm not saying that was MTs intention....but appearance's of impropriety are wisely avoided...even if you have the best intentions. Anyway..he is no longer CEO.....I'll always believe the wire transfer issue is the reason.
I also agree....we need absolute transparency and clear communication going forward.
I do understand why they don't want to give a firm date for money cards/PDR ex. update etc.....as the inevitable delays are what caused so much trouble in the past.....however, they need to get these things done soon and they need to get it right this time.
I may not have said it publicly.....but I have always believed they will do everything they can to prevent us from selling PDRs and buying up cheap shares. Right or wrong... they do not want that to happen ....(it's their game...if we want to play...we play by their rules)
IMO we will get money cards with an initial per day limit...however confidence will be restored and the remaining float will quickly disappear. We may get a cash divvy as an incentive to convert. The company will buy up what ever float is left....and then go after any brokers holding phantom shares.
I also believe in this company and even though mistakes were made and perhaps even ethical breaches occurred? This still does not eliminate the fact that they have greatly increasing earnings for an extended period of time. It also does not change the fact that this company has a large amount of cash on hand.....and it does not change the fact that the current sp is grossly undervalued!
I do believe we need to have access to our money...however I have no intention of selling any PDRs. I believe we will see huge increases in PDR value in the next 6 months beginning as soon as the current issues are resolved. I also do not want to sell my PDRs only to loose a large chunk of my gains by paying capital gains tax.
I believe anyone who sells now to buy up cheap shares will find very few shares available. I also believe those who sell as soon as they can will miss out on some huge gains coming our way because of brokers being forced to buy shares to cover the phantom shares on their books. They will also miss out on gains from a reduction in OS from the over due share buy back. We may also see a cash divvy for those currently holding certs if they convert.
IMO we will see the PDR price out pace the 1 and 2 year guarantees within 6 months.
Yes.....we need to the ability to access our money....but IMO we should not even think about selling our PDRs for at least 6 months.