PowerLinx Inc (PWNX)

[Francois+Goelo]

¶ Some Tricksters' Tricks with RESTRICTED stock...

I bet McBride knows about this Trick...

Restriction for Insiders/Affiliates is 2 years and 1 year for non Insiders... However, Insiders often DISCOUNT (50%) their RESTRICTED shares to specialized Brokerages in Canada for CASH... These Brokerages in turn short the stock, using the Restricted Certs as collateral for cover...

Here is another trick: Pledge your restricted shares as collateral for a Cash Loan, then default on the Loan... The Creditor can then easily obtain a Court Order to have the Restriction lifted and sell the previously UNSALEABLE RESTRICTED shares... Proceeds get divided by Agreement...

But, there is no teaching Tricks to an Old Monkey...

JMHO, F. Goelo + + +