Replies to post #69793 on Eagle Worldwide Inc.(fka ELWD)

[DeepBlue1]

Personally, I'm still hoping that something can be arranged myself.

I was thinking that if some people were to pull their certs and keep them in the US in their IRA accounts if that wouldn't be sufficient.

It seemed to me that that would take all legitimate shares off the US market and prevent any further corrupt manipulations too, and as long as there was no deadline to deposit them in the foundation's main account at HSBC, (allowing them to be deposited at a later date), that we could accomplish the same goal.

But then I came up against the problem that if someone were take them out of their IRAs and turn them back in to their broker/cash them in here, well than there they go right back on this market.

It's a complex problem, and I haven't figured out yet how they could do it, but MT did say that they were working on a way to do it.

??????

[DeepBlue1]

Not sure if I'm totally up to speed on the IRA thing, but I seem to remember MT saying something like...(paraphrasing)"Need to get your bank/holder of your IRAs to join the foundation too". So I think essentially that would mean that you'd have an IRA account(with your personal institution) 'WITHIN' the HSBC main foundation account>???

I think that may happen in time, especially since HSBC is the bank handling this stuff down south, and they're a perfectly reputable and capable institution.

So, maybe it can still be worked out somehow that you'll be able to keep them in your IRA...I don't know, but I wouldn't give up on it yet.

I've heard that our moderator 4Godnwv holds some if not all of his PNMS shares in an IRA too, although he'll have to confirm that himself of course. But, if he does, and even if he doesn't, you can be sure that he's watching to see what comes of that situation and I'd recommend talking to him directly about it as things progress. He'll undoubtedly be one of the very first to know if something happens.

[Shamantiks]

I converted 5 million shares to certs on Friday, and am going full force into PDRs.

One of my reasonings was what you said Nuke, "My other choice seems to be waiting for the company to declare my domestic shares null and void."

I'm just starting to understand the value of PDRs, and will try to post some numbers later with an update. It's gonna be huge IMO.

[Howyadoing]

"My other choice seems to be waiting for the company to declare my domestic shares null and void. "
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I wouldn't be to worried about this choice ,for awhile,
1) As the exchange comes on line and people see and begin to trust the new exchange , there will be such a surge of certs being requested that the PPS in the US will increase significantly and give you plenty of time to sell for a huge profit.
Just don't get to greedy , because eventually the real shares will dry up!

2) It is still possible that if the PPS in the US will rise to a level close to what they are selling for on the PDR exchange, that many will never convert over and the market in the US will finally establish itself at a fair market value.