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Gold/Mining/Energy : PYNG Technologies
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To: HotShot1 who wrote (4192)7/19/1999 6:47:00 PM
From: Edward W. Richmond  Read Replies (1) of 8117
 
HotShot1, I am a little confused by you post. You are asking whether there is an audited balance sheet this year and then you raise a number of questions if we haven't seen one and some 'what ifs'.
Are you referring to the annual report for the year ending September 1998? Are you asking if the quarterly reports have been audited? Are you referring to other audited financial documents?
As you are likely aware, the Annual Report was audited by Jung & Lee Chartered Accountants. I certainly don't see a potential cash crunch given their cash/cash equivalents position as of September 30th. The quarterly reports are not audited. I know of no company that goes to the expense of an audit for quarterly reports. I would be 'steamed' if Pyng management incurred the expense of auditing the quarterly numbers.
For someone who is so knowledgeable, I am surprised at your questions and the 'what ifs' that follow.
Regards, Ed
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