PowerLinx Inc (PWNX)

[ub43]

Recent Private Placement yet no SEC form 8-K was filed.

This one is a no brainer. SEVU should have filed a SEC form 8-k for the last private placement. It resulted in massive dilution to shareholders and the huge discount to the current SEVU market price was material information as well.

A press release on the private placement was issued month ago but SEVU waited until yesterday to disclose the terms.

"8-K: A report of unscheduled material events or corporate changes which could be of importance to the shareholders or to the SEC. Examples include acquisition, bankruptcy, resignation of directors, or a change in the fiscal year."

http://www.edgar-online.com/formdef.asp

Francios you may want to have your lawyers look into this.

oh yeah IMHO+++