PowerLinx Inc (PWNX)

[Francois+Goelo]

TA, the PP has a good chance of being stopped....

because it's a clear case of self-serving and dereliction of fiduciary Duties by Board Members, in my view...

Nothing will happen, provided your father pays all the cash that he owes, the $277,000 he appropriated and around $80,000 in compounded Interests for the average cash balance of some $550,000 he kept from SEVU for 5 Quarters...

Sell, or borrow against the Mineral Springs holdings and, if necessary, do a smaller PP, opened to all qualified shareholders, at a higher price... Don't panic, if the Board doesn't feel up to it, a Receiver may take care of it...

Some of the ideas have already been outlined in the Link below, except that figures will be slightly different, as there was actually no McBride borrowing in the June 2001 Quarter, as mistakenly shown earlier...

http://www.investorshub.com/boards/read_msg.asp?message_id=164868

Just my Personal Opinion, F. Goelo + + +