PowerLinx Inc (PWNX)

[BillBranum]

SEVU investors,

This appears to be a PONZI scheme. The initial investors were investing via convertible debentures, at .50 a share. They made out OK. The next series of convertible debentures were in at convertible rates between $1 and $4. The company declared a 2 for 1 split on the convertibles. This is not allowed. All common stock must be split equally. You cannot split one class of common stock without splitting all other classes of common stock.