Replies to post #88495 on Eagle Worldwide Inc.(fka ELWD)

[Qone0]

So you are also saying that Panamersa does not have an office.

Do you have an office and a sign for your 401(k) or your IRA? Not the company that is holding them, but for the investment tools themselves. No, you do not. In the same fashion, there is no office or sign necessary for the foundation. It is a tool to protect assets. It is not an operating company.

So where are the operating companies that PNMS has on its books, ya know the 50 million in profits.

[Qone0]

The foundation seems to me to be an operating company.

The foundation, is not a public company, but a PRIVATE INTEREST FOUNDATION.

Is the foundation not taking in shares of PNMS (a public company) and then issuing a PDR for those shares to the PUBLIC?

That makes foundation a PUBLIC company as any mutual fund that your 401k in invested in IS a public company. It is operating as a mutual fund. And as such is required to provide audited financials. IMO.

Where is the foundations audited financials?

I guess that's hard to do with no office or auditor.