PowerLinx Inc (PWNX)

[Moron]

I've heard the same, although not first hand. It's my understanding that the company can't solicit to sell, but we can go to them if we want. They are obviously under no obligation to let us participate, but if the goal is to raise money and the requesting party meets the legal criteria, there should be no problem.

I have also heard of instances where companies refused to allow selected people to participate. The reason may be as simple as the ex-CEO believes the requesting party is a jerk. The result may very well be that those excluded suddenly "change their mind" about the company. Hmmmmmm