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Gold/Mining/Energy : MYT - Mytec Technologies
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To: Just G who wrote (1154)1/14/1999 9:31:00 AM
From: antonio doria  Read Replies (1) of 1535
 
Spoke to V and could not get much from him. He does not know me and claimed he did not have much to say. They have about 3 million MYT shares. In his opinion the biometrics market need a couple of years to open-up and develop. This is MYT official position, which I do not share. Other companies are trading at much higher levels and generate sales and profits! I am of the opinion that MYT has a serious management problem: they do not know how to market what they have and they are unable to close deals, in addition to very limited "vision".
In addition they have no respect for shareholders and keep us totally in the dark, depriving us from any type of information; they are also very shy with the media. They only know how to "pump and dump" shares with their friends at RBC!

Since you have a relative working at RBC, why don't you use him/her to get first hand information on what is going-on at MYT?

MYT Board had a day-long meeting beginning of January to focus on a new business strategy: your relative may know something about it.

How come that nobody has volunteered to keep personal regular contacts with MYT management? We must put some pressure on MYT management if we want their attitude to improve towards us.

I am still hopeful that someone of this group decides to step out and help. Otherwise this group is totally useless and can be dissolved.

Look forward to hearing if your "relative" can help.

Thanks, regards and best wishes.
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