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Gold/Mining/Energy : PYNG Technologies

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To: Jack Rayfield who wrote (4151)7/13/1999 12:35:00 PM
From: Grant MacMillan  Read Replies (1) of 8117
 
Misplaced loyalties, I think we have all been guilty of that to some degree when it comes to PYNG. Michael Jacobs is clearly prepared to wait with respect to the market capitalization of PYNG, but I'm sure we will see this one hyped again, it is just a question of when. One thing we should all take stock in is that Mr. Jacobs owns a lot of shares and has put a lot of time into this company. He will want his payday at the end. I suspect he thought that end was reached 18 months ago, as he was actively promoting the stock at that time, then came the realization that the product wasn't perfect, and that the trials were taking longer, and that they needed distribution, marketing, PR, product adjustments, etc etc etc. It could be that Mr. Jacobs knows his credibility is zero with current investors, so rather than go through another false start and risk further angering investors, he is making sure all of his ducks are in order before getting this puppy going. Thankfully I can also take stock in the fact that I am younger than Mr. Jacobs, so if he is hoping to outlast me, his chances are not very good.

GM
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