PowerLinx Inc (PWNX)

[Seahag]

Bill, there are a lot of people that "loaned" money to the company via a convertible debenture. The debentures were converted in my case at between .50 and 2.00 per share. The certificates were issued over a period of time so as not to have them all maturing at the same time (they had to be held for one year before they could be sold). The process then involves filing a form 144 and another form from an attorney confirming that you are not an insider in the company. When my certs mature I will file and depending on what the company looks like will make my decision as to sell just enough to make back my investment or sell all. Hope this clarifies things a bit for you. SH
P.S. I believe that the last of the debentures were issued some time @ FEB 2000. I don't know when they were all converted, but as I said you had to hold the certs for a year so the last of them will probably mature some time this summer, 2001.