PowerLinx Inc (PWNX)

[n4wqh]

Repost...Since the subject has come up again.


For a while, several messages have been posted concerning the 144 filings of insiders. The bashers make a big deal of this occasionally. A 144 only enables the holder of the restricted shares to execute a sell order at some time prior to the expiration of the 144. (90 days?) If you look on YAHOO at the insider information, the forms indicate a PROPOSED SALE. If the individual actually sells shares, another filing (form 4)is required to confirm that they have sold. Look at RHAT and the sale confirmation on Dec. 19, 2000. It clearly indicates that a sale of shares transpired. At no time have I ever seen anything confirming that shares have actually been sold by any insider of SEVU.

Personally, I don't blame insiders for taking steps to be able to profit from a dramatic rise in share price. Who knows...Maybe soon?

Mike