Eagle Worldwide Inc.(fka ELWD)

[was StockSniper]

Hello cidd,
With all due respect.....I have to disagree with you on this.
Even 1b shares is only $300K @ .0003 ....just not a huge amount of money.
Besides.....1b is total vol.... correct?
so the buying vol. is roughly half that.....or $150K
Very well could be retail buying IMO.
I agree...if the MMs are doing anything...it's selling shares accumulated from all the selling over the past several months...no chance they are buying.
The even mil. share and increasing size blocks is just a function of the falling sp. As the price drops.....it takes less money to buy more shares....simple as that.
No chance the company is buying...they have no reason to do that. They want the sp in the dirt so longs can buy up the float and so they can then determine the extent of the phantom share issue.
Forgive me if I'm wrong about this.....but that's how I see it.
SS