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Gold/Mining/Energy : PYNG Technologies

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To: Patrick who wrote (1440)3/24/1998 2:46:00 PM
From: Geoff Krone   of 8117
 
Patrick, your Post #1440 was among the best and most constructive contributions I've seen on many a thread. I have been following Pyng since last Summer, finally bought a few shares at just under $3.00 (Cdn.), and am extremely positive about the company. (I confess to being a "30-Day Wonder" on SI, but I trust that won't be held against me, as I'm not here for the purpose of attempting to influence the market.)

Others have talked about production as a potential bottleneck, and you focused your comments on distribution as a potential bottleneck. Some folks have presented interesting counterarguments: production may not be that difficult, and distribution may not be a problem if the world is literally beating a path to your door. I am wondering whether the most significant bottleneck might be neither production nor distribution, but training.

Clearly, it does not take extensive training to use the F.A.S.T.1, but in this field the potential liability is far too great to take any risk whatsoever that a completely unexpected event might occur. If someone dies because the caregiver was not properly trained to use the device, it's all she wrote. It will be essential to define what constitutes adequate training, and if that means more than just watching a videotape, then certification of proper training will (IMO) be the tightest bottleneck. Consequently, the most important contribution that an ally could make to Pyng may be by providing a network of qualified trainers.

Will Mr. Jacobs decide to cut anyone in on the pie? I personally don't think he would have to, because Pyng could gradually ramp up production and build distribution channels of their own. I think it would just take an extra year or two. But even though he wouldn't have to, I believe that he will, because he appears to be an ethical person. Because this truly is a lifesaving device, people will die unnecessarily, if its availability is unnecessarily delayed. I think Mr. Jacobs will be more than willing to sacrifice a few percent of the fortune he stands to make, in order to save a few hundred more lives by getting it into the hands of EMS personnel a year or two quicker.

An intermediate solution might be to enter into a contractual arrangement with a company whose role would be limited to the provision of training. With that bottleneck removed, then Pyng could consider whether they need help with production and/or distribution.

Best regards, and thanks to all who have made the SI Pyng thread such a great place to lurk!

Geoff
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