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Gold/Mining/Energy : PYNG Technologies

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To: Jack Rayfield who wrote (4014)	6/19/1999 8:23:00 PM
From: Brad	Read Replies (1) of 8117

Jack, I don't claim to be smart, just one of the few right moves on taking the quick profit last spring. One thing I don't agree with you on, though. I don't think we can take the recent history as a guide for the cash burn rate. The design should supposedly be finalized now, so, this company is quickly going to change into a producer (since it is still unclear as to how they are handling the production -- total outsource would be smart, IMHO). Getting ready for production and building an inventory is going to take a lot of cash, I think. And if sales don't immediately take off, Pyng's cash will quickly "burn". That's why I think they have a problem, in addition to the Walter Reed lack of unequivocal approval. Brad

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