PowerLinx Inc (PWNX)

[srsnetworker]

dk76, I think your conclusion about the restriction is wrong, and the person at SEVU was telling it like it is (assuming your debenture agreement is the same as mine.)

On the cover letter I received with the stock certificate is states: It will be necessary for you to hold the certificate for 12 months from the date of issue. The key word here is "certificate" not "debenture".

There was also a disclaimer that needed my signature. It stated: It is understood that the debenture can be converted to stock immediately upon SeaView's 506 offering becoming available. It is totally understood that the 506 shares, when converted will be restricted for 12 months, during this period you will not be able to sell your shares.

You might want to take another look at your paperwork. Of course, perhaps they issued various types of debentures with different terms, but I doubt it because the 506 offerings are highly regulated by SEC. Good luck.