PowerLinx Inc (PWNX)

[KendrickCook]

This guy is GOOD. what about the PP?
This post 21/2 months old.

BigBizz, I tried to discuss the companies cash position but nobody seemed interested...... care to comment?

http://ragingbull.lycos.com/mboard/boards.cgi?board=SEVU&read=26089



By: onewhoknows $$$$
Reply To: 26081 by UncleFred $$$$
Monday, 26 Feb 2001 at 10:26 PM EST
Post # of 26580


Damn it Fred thought you would have got some smarts by now. Lets think about this for a while shall we and see what we can come up with.

Is there any evidence that Rich has paid back any loans still outstanding to him from the company? In the November filed 10Q there was cash of $519K and loans to officers of $542K. Trade receivables were high but I do think there are just a couple of questions regarding that figure or has that slipped your mind. there was also 15.5 million shares on issue.

Salaries and wages were $220K for the quarter and lets assume that may just have gone up a bit based on the new people hired ..... I mean they dont have huge share positions so they do need to be compensated. If you then look at the cash flow I think you start to see the problem.

Now lets consider that Rich got another million shares for patents or whatever. What do we then have?

A product that is not being produced in sufficient quantities to finance the operation of the company and little cash.

Assuming the company has viable products I see a private placement coming ..... if it has not already as I have been away. What price will that be Fred?

Then there is Rich ...... are all his shares restricted?...... i assume not so as he seems to be unemployed or under employed and needs to live I imagine selling some shares may be an option.

An interesting problem Fred but thank God you have looked through all that and are happy to be long. I think I might just wait until the next filing ..... if you dont mind!

At least the expected reduction in advertising and promotion expenditure should pay some of the new staff .......if not all!

JMHO

me