PowerLinx Inc (PWNX)

[CaseyOne]

By: BRMC $$$
Reply To: None Monday, 20 Aug 2001 at 7:05 AM EDT
Post # of 41548


Looks to me like the party is over. Anyone reading the financials in the latest Q filing will soon realize that the revenues reported for the qtr ($500,000+) probably included the proceeds of the PP ($318,000+)and actual revenues for marine products are down substantially and revenues for SecureView are practically non-existant.

Rich McBride takes interest free loans of company cash and repays them with soon to be worthless restricted stock.

No reference to the ongoing SEC investigation.

No reference to the 9 million backlog on SecureView.

No Form 3-4 filings for insider trades.

No 8k filing for PP.

George lied at the Annual Meeting about the PP by stating that the lawyers were still working on the paperwork and he didn't have details on price etc., meanwhile insiders had allready purchased stock through the PP.

McBride lied once again stating that he would not vote his shares at the annual meeting.

McBrides family members, company insiders and pets exposed as posters on the various SEVU threads.

IMO, 10 cent PP shares may soon turn out to be fairly priced when all factors are figured into the SEVU share price.