PowerLinx Inc (PWNX)

[gotinearly]

MH, question for you, what would it take for you to leave a large publically traded company that you have been with for years and is paying you a hardy salary as well as benefits, etc to come to a cash strapped company under SEC investigation and with a class action suit against it? Add to that, that you have no hope of being paid until you turn it around and deal with those issues as well as more than likely having to put all your financial resources into the company to get it to the next level. Also, any shares you receive under any PP will be restricted for a year.

Is the company better now than it was 18 months ago? you bet your azz. Are there more outstanding shares? yes. If you lost money, those are the breaks, but present management did not cause that. They are here to bring this company back.

Based on the class action being settled, the apparent stoppage of the SEC, significant distribution contracts, offshore manufacturing, many successes with HSN and actually getting into costco for a test run, I believe the current management has been doing quite well.

If you are so worried about dilution, then increase your position (while the price is low) and make up for it.

IMO