Allstocks.com's Bulletin Board Post New Topic  New Poll  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » PWLX=$4.375 Million Financing Agreement

 - UBBFriend: Email this page to someone!    
Author Topic: PWLX=$4.375 Million Financing Agreement
matto
Member


Member Rated:
4
Icon 10 posted      Profile for matto         Edit/Delete Post   Reply With Quote 
PowerLinx, Inc. Enters Into a $4.375 Million Financing Agreement
3/16/2006

ST. PETERSBURG, Fla., Mar 16, 2006 (BUSINESS WIRE) --
PowerLinx, Inc. (OTCBB:PWLX), a developer, manufacturer, and seller of powerline communication products today announced that it has entered into a $4.375M financing agreement in the form of convertible debentures, from various accredited and institutional investors. The financing includes $3.0M in new funding and the conversion of up to $1.375M of existing debt into the convertible debentures. The 8% debentures have a two year term and are convertible into common stock at a fixed price equivalent to a 35% discount to the 10 day VWAP ending March 6, 2006, subject to adjustment, and includes warrants exercisable into an aggregate of 180.77M shares, priced at 125% of the 10 VWAP ending March 6, 2006, also subject to adjustment.

Mike Tomlinson, Chief Executive Officer stated, "We are extremely pleased that our leading institutional investor has increased its investment in the Company and has also facilitated the participation of several other institutional investors; significantly increasing the Company's institutional shareholder base. In addition, this new financing will now allow the Company's management to focus entirely upon the implementation of its business plan; including the completion, marketing, and sales of its new products scheduled for release during the 3rd and 4th quarters of this fiscal year ending December 31, 2006."

About PowerLinx, Inc.: PowerLinx, Inc., http://www.power-linx.com, develops, manufactures, and markets products and applications that transmit voice, video, audio and data either individually or in any and all combinations over power lines, twisted-pair wires and coax in AC and DC power environments, on any and all power grids. The Company has also developed, manufactured, and marketed different kinds of underwater video cameras, lights and accessories for the marine, commercial and consumer retail markets.

--------------------
Trading is a blast!!

Posts: 4921 | From: Rhode Island | Registered: May 2005  |  IP: Logged | Report this post to a Moderator
matto
Member


Member Rated:
4
Icon 1 posted      Profile for matto         Edit/Delete Post   Reply With Quote 
http://stockcharts.com/h-sc/ui?s=pwlx&p=D&yr=0&mn=6&dy=0&id=p53062547168

--------------------
Trading is a blast!!

Posts: 4921 | From: Rhode Island | Registered: May 2005  |  IP: Logged | Report this post to a Moderator
matto
Member


Member Rated:
4
Icon 1 posted      Profile for matto         Edit/Delete Post   Reply With Quote 
go man go

--------------------
Trading is a blast!!

Posts: 4921 | From: Rhode Island | Registered: May 2005  |  IP: Logged | Report this post to a Moderator
TheCreator
Member


Rate Member
Icon 1 posted      Profile for TheCreator     Send New Private Message       Edit/Delete Post   Reply With Quote 
gonna move on this news you think?
Posts: 730 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
hurricanematt
Member


Rate Member
Icon 1 posted      Profile for hurricanematt     Send New Private Message       Edit/Delete Post   Reply With Quote 
I think this may go down a little lower. (better entry point)
Posts: 722 | From: Asheville, NC | Registered: Dec 2005  |  IP: Logged | Report this post to a Moderator
matto
Member


Member Rated:
4
Icon 1 posted      Profile for matto         Edit/Delete Post   Reply With Quote 
ok good luck

--------------------
Trading is a blast!!

Posts: 4921 | From: Rhode Island | Registered: May 2005  |  IP: Logged | Report this post to a Moderator
hurricanematt
Member


Rate Member
Icon 1 posted      Profile for hurricanematt     Send New Private Message       Edit/Delete Post   Reply With Quote 
May be not!
Posts: 722 | From: Asheville, NC | Registered: Dec 2005  |  IP: Logged | Report this post to a Moderator
matto
Member


Member Rated:
4
Icon 1 posted      Profile for matto         Edit/Delete Post   Reply With Quote 
FLYING!!!!!

--------------------
Trading is a blast!!

Posts: 4921 | From: Rhode Island | Registered: May 2005  |  IP: Logged | Report this post to a Moderator
TheCreator
Member


Rate Member
Icon 1 posted      Profile for TheCreator     Send New Private Message       Edit/Delete Post   Reply With Quote 
I only got filled for 5k out of 12k * .045
Posts: 730 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
matto
Member


Member Rated:
4
Icon 1 posted      Profile for matto         Edit/Delete Post   Reply With Quote 
yes!!!!!!! flying

--------------------
Trading is a blast!!

Posts: 4921 | From: Rhode Island | Registered: May 2005  |  IP: Logged | Report this post to a Moderator
Chris4205
Member


Member Rated:
4
Icon 1 posted      Profile for Chris4205     Send New Private Message       Edit/Delete Post   Reply With Quote 
Damn!

Missed this one.

Congrats all.

Posts: 711 | Registered: Feb 2006  |  IP: Logged | Report this post to a Moderator
matto
Member


Member Rated:
4
Icon 1 posted      Profile for matto         Edit/Delete Post   Reply With Quote 
only 44% now its early!

--------------------
Trading is a blast!!

Posts: 4921 | From: Rhode Island | Registered: May 2005  |  IP: Logged | Report this post to a Moderator
hurricanematt
Member


Rate Member
Icon 1 posted      Profile for hurricanematt     Send New Private Message       Edit/Delete Post   Reply With Quote 
I bought a few at .05
Posts: 722 | From: Asheville, NC | Registered: Dec 2005  |  IP: Logged | Report this post to a Moderator
matto
Member


Member Rated:
4
Icon 1 posted      Profile for matto         Edit/Delete Post   Reply With Quote 
rolling now!!!

--------------------
Trading is a blast!!

Posts: 4921 | From: Rhode Island | Registered: May 2005  |  IP: Logged | Report this post to a Moderator
matto
Member


Member Rated:
4
Icon 1 posted      Profile for matto         Edit/Delete Post   Reply With Quote 
http://stockcharts.com/h-sc/ui?s=pwlx&p=D&yr=0&mn=6&dy=0&id=p53062547168

--------------------
Trading is a blast!!

Posts: 4921 | From: Rhode Island | Registered: May 2005  |  IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is not enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  New Poll  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share