PowerLinx Inc (PWNX)

[ub43]

The epitome of GREED.

That describes "the terms" of the 2001 PP. IMHO+++

For further details read from the 10K:

"During the six months ended June 30, 2001, 17,042,000 shares of the Company's restricted common stock were offered for sale through a private placement under Rule 506 of Regulation D.
The placement was open to select, officers, employees, and representatives, of the Company for the purchase of common stock. During the six months ended June 30, 2001 $318,750 was received under stock subscription agreements. A receivable for subscriptions of the remaining shares of $1,385,450 was recorded as a reduction of equity as of June 30, 2001."

emphasis added