PowerLinx Inc (PWNX)

[srsnetworker]

For those of you who don't read RB, you have to read what DK76 posted there. (Dave, won't you please come back? This board needs you too.)

http://www.ragingbull.altavista.com/mboard/boards.cgi?board=SEVU&read=20452


It's clear why so many people here spend their entire days (and evenings?) on internet message boards discussing issues they know nothing about. IMO, it's because many of them probably aren't smart enough to get a real job! You people debate the same issues for weeks, but never seem to figure out a few basic realities of business.

A few random thoughts:

McBride has a demonstrated history of announcing things before they are final. Tell us something we don't know. Personally, I believe he also grossly underestimates how long it takes to develop, test, produce, and ship products. He may also underestimate the time required to negotiate and close large contracts, as well as how to announce and treat them appropriately. He expected to have SecureView in the channel by last spring/summer. The fact that it didn't happen (and still hasn't) doesn't necessarily make him a liar. It may just mean he was wrong. He may have held discussions with numerous customers such as Radio Shack, JCP, Gov't agencies, Taiwan, and others. Why doesn't SecureView appear in retail stores or catalogs today? Because SEVU isn't producing them yet. DUH! How hard is this to figure out? Obviously harder for some here than others.

If SecureView cameras are ever going to be eligible for retail or large scale distribution, the company must first ensure a quality product, then order enough raw and component materials to enable economies of scale. This takes time. Probably more time than McBride expected.

The whole topic about breaking into a security company is really getting old. For starters, SEVU manufactures a product which may be used for security purposes, but that does not make them a "security company" any more than Firestone is an "automaker". McBride may have used the term "security company", but I think we all know better.

It's also interesting that some believe the company should publish their vendor/supplier list. It's not only none of our business, but in some cases may even be prohibited by contractual agreement (NDAs).

Another comical area if people would stop to think about it is the whole question of legal proceedings against A@P, Ken Cook, certain posters, or whomever. Do you really think that even the dumbest attorney would telegraph their case or legal strategy on an internet message board? Legal proceedings take place within the judicial system; not on the internet.

Sales reported in PR do not have to equate to sales reported on a 10Q. In fact, unless the company ships everything as soon as the order is received, there will most likely be discrepancies. Particularly when we know that the company is accepting orders, but don't appear to have been shipping product for months.

Even things like proposed stock repurchases aren't likely to happen if production is delayed. For all we know, McBride planned to be rolling in SecureView money early in 2000, at which time they could have been buying stock. In retrospect, it's pretty clear that they don't have enough cash on hand to maintain business throughout the delays AND buy back stock.

I'm not saying that all is well in Terra Verde. The company clearly has to endure many more growing pains, and they have a severe credibility problem, but I have watched them critically and closely for about fifteen months now, and I don't see them as being deceitful. Just naive.

As far as I'm concerned, the future looks promising. McBride will either wake up and run the company in a more professional, crisp manner, or the company will likely be bought out by someone who can. Either way, the products should carry the company.

I have a hunch there are others out there who feel the same way, or they wouldn't waste so much time trying to invent ways to bring the stock price down to either acquire more or cover short positions. Either that or they're stupid enough to continue to short a $3 stock whose primary product is about to begin shipping.

Okay kids. Take your best shot. I won't respond, although I look forward to seeing the attempts to taunt me. Most of the people here simply aren't worth the discussion.