PowerLinx Inc (PWNX)

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Recent QTR IS WORSE > LOSS = $(1,617,682)
Revenues = $ 287,832 (about 50% loss in revs Q06/Q05)
Salary Wages thru the roof = $ 424,903.00 for Qtr

Here is the real ugliness:
CASH ON CASH EQ. = $ 627,310.00
PAYABLES TO BE PAID = $ 609,029.00

TIME TO SELL MORE SHARES - CASH IS ALL ACCOUNTED FOR
OOOPS - WHAT ABOUT Salary & Wages?????
ooops what about Consulting fees?
oops what about R&D ??????
Looking BAD as always ay PWNX

Operating expenses:
Salaries and wages 424,903
Professional and consulting fees 556,292
Depreciation and amortization 52,838
Research and development 222,528
Advertising and promotions 30,004
Rent and utilities 63,567
Travel and entertainment 32,458
Other expenses 72,413
Restructuring expense
http://www.sec.gov/Archives/edgar/data/894536/000101376206001717/june30200610qfinal.txt