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Gold/Mining/Energy : PYNG Technologies
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To: Pierre J. LeBel who wrote (2174)5/11/1998 10:11:00 PM
From: sPD   of 8117
 
Perspective on Mr. Jacob's sales

Pierre, I took your advice and re-checked Pyng's annual report.

I note that Mr. Jacob's annual compensation for 1995 was "Nil", for 1996 it was "Nil", and for 1997 it was "Nil".

His only compensation for building this company is the 3.55M shares in escrow, which he cannot use until Pyng is in a positive cash flow situation as a result of operations. He can, however, make some money buying and selling shares in the open market.

Hope this adds to the picture.
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