PowerLinx Inc (PWNX)

[ub43]

Problems with the first Private Placement:

First the $1.1 million dollar loan was probably illegal unless it was disclosed to private placement investors prior to the investment. (I have a case in point on this that I can post.)

Second, it was probably an illegal ommission of material fact unless private placement investors were informed that RLM was serving probation in the State of Florida for Felony Fraud.

I have no doubt there are many other technical problems with the private placement since SEC rules for a Registration Exemption are difficult to follow.

All in IMHO+++