PowerLinx Inc (PWNX)

[srsnetworker]

FCB, I believe in this case the word "transfer" means that the actual restricted share certificates are being reissued (transferred) to free-trading share certificates. A new certificate(s) is generated to replace the old restricted one. The company (SEVU) must give permission before a particular certificate can have this legend removed.

I don't know anything specific about Archie's shares, only guessing which is always dangerous. But as an employee Archie's shares may have different restrictions than those from the convertible debenture offering. If he did not meet all the conditions associated with these restrictions the company can block the transfer.