PowerLinx Inc (PWNX)

[shamus]

Based on the only evidence the public has ever seen -- Videocom's 10/2000 144 filing -- SeaView, the company, essentially paid nothing for the Videocom license. Instead, the shareholders paid for the license in the form of stock dilution.

An equally important question that the company has apparently refused to answer is how much money and/or SEVU stock RL McBride and Associates has received for "public relations services." These related party transactions arguably should have been reported in SEC filings, but as usual SeaView management has been mum on that issue. (Ambiguous verbal comments made in a shareholder meeting or elsewhere do not constitute formal disclosure.)