Replies to post #5888 on PowerLinx Inc (PWNX)

[printmail01]

Valid Post BillBranum!

I had read that the other day. Of course no SEVU supporter could answer it, well, I do believe one of the longs had something to say about the guys mother. LOL!

I think you need to start with the voted in board with no proxy. Is it a legal recognized board in the first place?

I beleive they can resign the from the board, but not be removed without shareholder majority vote?

Now, the new board was appointed by who? I dont recall a shareholder vote to appoint the new board? They were appointed by the board that was removed that was in place without shareholder approval in the first place!

My belief is that allot of things have been doen by SEVU that does not fit SEC protocol in regard to the board.

WOW!


Opinions Please!

[Francois+Goelo]

Bill, I believe that the appointment of Directors...

is more critical than their resignation... The appointment is usually done by a vote of shareholders, while the Directors are free to resign, should they feel it's appropriate...

I don't know if this is considered a material event requiring an 8K Filing, like in the case of a change of Auditors... My guess is that it probably depends on the circumstances of the resignation and the number of Directors resigning at the same time...

BTW, an 8K was filed today concerning the resignation of McBride as CEO and Chairman of the Board of Directors...

JMHO, F. Goelo + + +