Need help to fix this script? Phpbb, kinda confused:P

as seen on my website:

http://www.pengushare.info/viewtopic.php?f=2&t=2

I've posted a few links, using this new script I've been trying out.

Now what has happened, when the links are posted it goes:

http://www.pengushare.info/<font color=

http://rapidshare.com/files/134066111/ds.part01.rar">http://rapidshare.com/files/134066111/ds.part01.rar

			'<img src="http://www.pengushare.info/images/117vk1e.png"> <font color="green"><span title="Link is valid as of ' . ceil($ages[$id] / 60) . ' minutes ago">' . $text . ' </span></font>',
				$page_content);
				
		}
		
	}
	
	// Replace dead links
	if (count($dead_links) > 0) {

		foreach ($dead_links as $id) {
			
			// Determine which text to use
			if (isset($GLOBALS['anchor_text'][$id])) {
				
				$text = $GLOBALS['anchor_text'][$id];
				
			} else {
				
				$text = $GLOBALS['links_to_check'][$id];
				
			}
			
			$page_content = str_replace('testRsComLink{' . $id . '}',
				'<img src="http://www.pengushare.info/images/24xh1dk.png"><font color="red" STYLE="text-decoration: line-through"><span title="Link is dead">' . $text . '</span></font>',
				$page_content);
				
		}
	

Code (markup):

I think the error may be there, however I can't understand how it is?