PowerLinx Inc (PWNX)

[TAfirehawk]

Anybody know about all this stock moving around? Sounds like a lawyer wrote this!!

http://www.freeedgar.com/search/ViewFilings.asp?CIK=894536&Directory=1108017&Year=01&SEC...

6. STOCK ISSUANCE

During the first quarter 2001, the Company issued 25,000 shares of restricted common stock to employees under an employee bonus arrangement. Compensation expense of $21,051 was recognized in connection with the issuance.

Under an employment agreement effective February 01, 2001, 100,000 shares of restricted common stock with a value of $83,125 were issued to a key employee. Upon issuance of stock under the plan, unearned compensation equivalent to the market value of the stock at the date of grant is charged to stockholders' equity and subsequently amortized over the period of the agreement, two years. Amortization expense of $6,927 was recognized during the quarter ended March 31, 2001.

During the year ended December 31, 2000, the Company issued 397,600 shares of common stock with a fair value of $271,255 as payment for services based on the fair value of the services provided during 2000. Additional professional fees of $36,581 were recognized during the quarter ended March 31,2001 for services provided during this period related to these shares. The remaining unearned compensation associated with these services is $89,504 at March 31, 2001.

JMHO, TAfirehawk