PowerLinx Inc (PWNX)

[Francois+Goelo]

Bill I used the AUDITED Figures...

and I'm not going to get involved in your guess work (except that I agree that the tax credit is included in the Shareholder's Equity), as I'd rather rely on a professional Auditor to do that...

Suffice to say that the 10K is worse than I expected but I am not really interested to know how many theatrical shoes you plan to see "dropping"...

You always Jump to conclusions: why would the "automobiles" worth $92,607, include the Jaguar?... We know there are several newish trucks and probably a SUV, as a company car...

However, the most disturbing aspect are the advertising costs, twice as high as sales... I had recommended in early January that SEVU divorce itself of its PR/IR ties because of potential conflict of interest...

http://www.investorshub.com/beta/read_msg.asp?message_id=32240

I questionned McBride on that a good while back and he claimed that the Agency refunded SEVU its 10% (or so) Fee, earned when placing Ads and only made a yearly fee in line with or lower than other Agencies... It certainly bears making some enquiries on the subject, as I find the expense completely out of proportion...

JMHO, F. Goelo + + +