PowerLinx Inc (PWNX)

[Francois+Goelo]

¶ MH, DTC holds the shares on behalf of the customers...

and all the free trading shares that are NOT in Certificate Form are currently in DTC... The shorters can borrow from DTC in order to short SEVU, but a fair amount of shorting is done "naked", without a Borrow by certain MM's, pro-shorters using Friendly MM's Accounts (illegal) and through Canadian Brokerages that are essentially unregulated by SEC...

I estimate the size of the current short position at about 500,000 shares or about 15% of the Float... A sizeable portion of this Float is held by Management and shareholders friendly to Management... To dry-up the DTC holding of SEVU shares, all they have to do is convert their "Street Name" (DTC) stock into Certificates and I believe this process has already began in earnest...

This should eventually force a buy-in when the DTC runs out of shares and the shares borrowed are compulsorily recalled... There is NO WAY Shorters can buy back 500,000 shares in the open market, without creating a very large price increase... This is likely to be compounded when SEVU lists on AMEX and the change in Symbol and Cusip # should Trigger wholesale covering of Short positions...

Regardless of AMEX, I encourage all LONG TERM holders to convert their shares into Certificates... You will discover that your Broker will be reluctant to do so because he probably agreed to have your shares loaned to some shorters... You'll probably have to threaten your Broker with filing a complaint to NASD and SEC before you'll get some action and the sooner you do it, the better: at one point the DTC will run DRY of SEVU shares and you don't want to be last... Even if you act NOW, it'll take 1 to 3 weeks before you see your Certificates....

Here is some good reading on DTC and why you should have your shares in Cert Form...

http://www.investorshub.com/beta/read_msg.asp?message_id=19015

http://www.investorshub.com/beta/read_msg.asp?message_id=19017

Here is also a Thread specially created to exchange ideas on how to fight and defeat Shorters and Crooked MM's....

http://www.investorshub.com/beta/board.asp?board_id=194

JMHO, F. Goelo + + +