I have a Thomas & Thomas 9' 5wt 2pc. At the ferrule there are several very fine cracks in the flex coat. They are very hard to see, you have to look at it with a lamp on and very close maybe a foot away. The cracks are near the hole of the ferral. I sent an Elkhorn rod back that had one crack in it at the ferrule and it was sent back to me stating there was nothing wrong with it, just a cosmetic thing. What do you think?