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Gold/Mining/Energy : PYNG Technologies

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To: AriKirA who wrote (4203)	7/25/1999 10:20:00 PM
From: Jack Rayfield	of 8117

Ari I am glad to see that you guys have kept the thread humming. I just got back from the annual family Myrtle Beach SC beach trip. I will spare you the bloody details of the total pummeling I endured from family members who followed my advice and invested in Pyng. But I will have to say they did give me some credit for my recent admission to "small hardcore of (negative) posters". I think that your idea of having an independent board member to represent the shareholders on the BoD would be tremendously valuable. I think that Ed Richmond would be a great choice but I am sure there are other large shareholders that would be interested. Maybe we should start a draft/write in Ed campaign on the proxy statement for the Sept 99 annual meeting. This effort would obviously fail if Mr. Jacobs decided to kill it but it would at least demonstrate the number of shares that the "hardcore minority" controls. I am sorry that the thread did not pick up on this idea. I think it has incredible merit. As the purpose of the BoD is serve in an advisory capacity to management and Pyng could sure use some advise in fulfilling their fiduciary duty to shareholders.

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