PowerLinx Inc (PWNX)

[Golfnut]

Chris, I did not come away from the meeting with that impression at all (the SecureViews not selling like hotcakes). On the contrary, I got the feeling that management was in no hurry to fill the backorders, and was confirming these old orders selectively, starting with the credit card orders and any others that offered immediate payment. The large bulk of the $9mil backorders are with 30-60 day terms, and that would put us back 2 months on the cash flow. More importantly, orders are about to come in from SkyMall, Supercircuits, Costco, Smarthome, etc. and management needs to apportion a percentage of their production to fill these new orders, otherwise they lose credibility re: being able to fill orders in a timely fashion. (I'll bet they already have a little stash of Secureviews salted away for these new orders.)

I was impressed with our new team. I think they know their jobs, and that came across, even though it appeared that public speaking is not their favorite thing.

JMHO, Golfnut