PowerLinx Inc (PWNX)

[BillBranum]

Still Seeking Answers

In response to Rich’s open letter posted on IHUB today at 9:16AM, I sent Rich an email at 12:40 quoting from SEC filings stating the information that I posted. I asked him to please tell me how the information I posted was incorrect, and if in fact it were incorrect, I would post an immediate retraction on both IHUB and RB. I am awaiting a response.

In his open letter, he made the following statement “ I have not sold a single share and I have not received a single additional share. You will have the simple answer in today’s PR about the Springs.” I assume that means a second PR will be issued today about the Springs. However, that statement also reopens an issue of where did the shares come from to pay for the Springs. At the Open house, he stated that he had acquired additional shares, and those were used to pay for the Springs. Now he states otherwise.

Maybe I’m missing something here. Where did the shares Rich used to pay for the Springs come from?

Bill Branum