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Gold/Mining/Energy : PYNG Technologies

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To: David L. Johnson who wrote (4157)	7/14/1999 12:18:00 AM
From: Jack Rayfield	Read Replies (2) of 8117

Dr. Johnson I have to admit that I have never worked for a medical startup company or been involved with bringing a medical device to market. I am just a mid level Divisional Controller with Fortune 100 company responsible for Financial Reporting and Planning. In my position I am charged with providing timely, accurate, useful financial data and analysis of that data. The cardinal rules are never promise more than you can deliver and when you make a mistake own up to it and correct it immediately. I review the plan for our division each month and since it is my job when my division does not make the plan I have the privelge of explaining why. I mistakenly thought that these basic business principals applied to all companys (especially public ones) even medical device startups. I do not think anyone here expects infallible data or proprietary information, I certainly do not. But I do expect explanations when statements made publicly or in company produced materials prove false. I have reread all your posts to this forum and there was some very good information communicated in them, which I think was duly recognized and appreciated by the thread members. As a member of the "hardcore minority" I apologize for depriving the thread of your participation. I will publicly post my apologies to any member who feels my posts are unduly harsh except for Stubbs (I w will wait until all the realistic people post so as not to take up valuable thread space). But, I think that you are grossly overestimating the number of "those of you who ARE taking a realistic view of our progress." The reason that the thread has turned so negative is because the members you consider to be realistic I think are just sheep too timid to post/question or just do not care. I am sorry that your response is to quit posting rather than provide clarification and realism to the realistic members. Now I guess all the posts will be made by the "hardcore" segment which is unfortunate because believe it or not most investors check SI before investing I really hate for them to get such a onesided view of things. The real shame is that it has come to this name calling stage, when all this "hardcore" poster wanted was for management to take responsibility for their own statements. I for one would be willing to promise not to post on this main thread if management would step up and correct past statements, explain the delays and provide some guidance for the future. This seems fair to me as I would gain from reading the clarification and realism you provide and Pyng would gain by having one less "hardcore negative poster". I have always considered the main purpose of my posts to be to further the discussion and call it like I see it, but I can certainly see why you would regard them as negative as I certainly do not like what I have seen lately.

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