PowerLinx Inc (PWNX)

[gotinearly]

According to the transfer agent...

there is a total of 18,434,909 shares outstanding at the close of business 8/14/01.

My question as is everyone else's is how can this be given the 17 mil share PP. From my
read of the 10Q I gather that the PP is on a "SUBSCRIPTION" basis and when all
subscriptions are paid then the shares will be issued.

Therefore, when the remaining $1.3 million is paid the shares will be issued by the
transfer agent.

That is the only explanation I can come up with for the transfer agent's share count. Also
the 10Q states in no uncertain terms at the very beginnig the share count which is
18+million.

JMHO