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To: Glenn Zagoren who wrote (39816)	4/4/2001 7:05:25 PM
From: Ice Cube	Read Replies (2) of 40688

Glenn, you have signed an "equity line". Correct me if I am wrong. So, isn't this how it basically works...... You "put" stock to the funder, they get it at a slight discount to the lowest bid price over a period of time and then they sell it into the market? They don't have to sell it, but isn't that what they do to protect their profit? I know of many of these equity lines, swartzllc.com Swartz LLc being the big one right now. The funder needs certain volume minimums in order to sell their stock into the market and not degrade the price. The bottom line of all this would be that the company is using a methoid to raise money by having someone else sell the stock into the market and PNLK gets most of the proceeds. As long as there are people who will buy the stock that your funding source is selling, you can raise money. If the volume is not there, no money. Many BB stocks have resorted to this type of funding. Look around and you will come up with a list, they all put out PR's announcing $5, 10 or even 30 million financings. The trick here is that you need to PUMP the stock and get a bunch of volume going in order to raise any substantial amount of money.

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