Am grateful for the support I have received. I have been debating
for quite some time about posting again to this thread. Alot
of threads are getting really ugly and personal when people
are positive about the future of a stock whose share price has
been hurting and things look bleak(check out the AOL thread...
OUCH...its ugly!!).
I am just a amateur investor without any real knowledge of how up and coming companies work. If I knew how to do it, I would be president of my own public company. It is obvious things are not going according to original Pyng plans, but I think things rarely do.
Since Mr Jacobs apparently owns 43% of the stock, which works out
to 3.87 million shares(9m outstanding according to Pyng website).
He has lost at least 14 million dollars since the high of the
stock last year till today. If I were him, I would be sitting at home crying non-stop. Mr Jacobs receives no salary that I am aware of
and his rather larger financial stake rests on the success of
the FAST-1 and the company. Unless he is a very wealthy man, I
think he is concerned every day about the progress of FAST-1
design, orders and production as well as the the share price and how each delayed month erodes shareholder confidence, the share price and perhaps maybe even the future of the company(?).
However, I feel that we should let things go till christmas/spring and if no significant progress has been made, THEN consider our options. Do we have any power as shareholders? Of course. Should we
flex that muscle? I am not ready to do that yet. I bought Pyng stock knowing that most new products never make it successfully to market.
For those who think the company is headed down the toilet, I urge
you to step up and save us from losing all our money. This does
not mean nagging Mr Jacobs on this thread for answers. It makes
it seem like you are either shorting the stock or are just too
lazy to do something constructive and save your own(and my) bacon.
Of course we can follow the same path(which hasn't been getting
us the answers we want) and continue to harass Mr Jacobs until he says what we want to hear..or failing that maybe we can form a lynch mob and go to company HQ's(which isn't very fair from my residence) and rough him up and test out the FAST-1 on him and see how really simple and effective it is!! I have some twizzlers we can beat him with! Okay Okay Okay its a JOKE...HUMOUR FOLKS! WE NEED IT DESPERATELY!
For those who disagree, I respect your right to do so and hope you
will respect the rights of others who value this thread as a source
of information that otherwise would not be available to me and others. For those who have lost hope, SHORT this stock! You have just as much a chance of making money as those who hold onto their shares. Or perhaps invest it in some INET stocks...they are looking pretty cheap now. Easy money to be made by xmas.
To Mr Jacobs and his crew, thank you for all the hard work. I
hope to be reading a PR in the near future with lots of great
news. In the meantime I look forward to reading your progress
updates on this thread.
To the rest of the gang on this thread. Management's interests are fundamentally are best interests, which is success of the FAST-1, the company and ultimately a high share price. If you don't have the confidence in management, bail while you can or do something to fix what you see is wrong. I am going to hang on till the bitter end. And I am more than happy to buy your shares at a buck or fifty cents a share. :) If you want a secure investment, buy a GIC, preferred shares or a REIT.
Good luck to All!
Garry
PS Lets have another cyber beer contest to ESTIMATE what the
potential share price for each year for the next 5 years. Zero is
an acceptable guess. Lets make this reasonably, whoever submits
a estimate must back it up with the numbers to back it up.
I think this is a useful exercise in that it will allow people
to see how the order estimates will be reflected in share price
and allow folks to make a educated decision about the future of
there investment in this company. I would be ecstatic to hear
what Mr Jacob's estimates are on this(of course, within the
protection of security and other "forward looking" laws and reg's).
Any takers?
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