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Gold/Mining/Energy : PYNG Technologies
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To: Grant MacMillan who wrote (4184)7/15/1999 11:35:00 AM
From: Bernard Elbaum  Read Replies (3) of 8117
 
The problem strikes me as one of perception. The company management feels it is guilty of no more than mistaken over-optimism in its public projections. Critics seem to be implying that the company could or should have known enough, to modify its projections sooner than was publicly acknowledged. This may seem a small matter to a busy CEO who is handling IR as a sideline, for a small company that need not meet big co. reporting standards, but a large matter to those investing their money. There is also a certain context here where companies on the Vancouver exchange have a bad reputation for hype. Which is your view of reality here is a matter of shading, emphasis, and interpretation--all of which can be influenced by standpoint--not a matter of black and white.

As I've said before, the company could do much to clear up the problem by seeking more professional treatment of the investor relations/public communications function. My own perception is that the company has tried to demonstrate good will, but is too over-extended and absorbed with internal company objectives to have a good handle on managing external investor relations with present staffing arrangements.

If critics focused on this point, and other practical measures that might be implemented in the near term, I believe the company might offer a more accomodating response.
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