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Gold/Mining/Energy : PYNG Technologies

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To: LOR who wrote (4275)	8/7/1999 2:07:00 AM
From: Jack Rayfield	Read Replies (3) of 8117

LOR Is it just me or am I the only one that heard that sucking sound of $500,000 flying out of Pyng Shareholders pockets. I am happy for you LOR that you have had a catharsis but I think that your dream of news announcing anything is not realistic given this announcement. I would think that VSE regulations regarding repricing of stock options would not allow this type of action immediately before announcing any positive news. On the other had maybe the VSE encourages management in their listed companys to pee all over the shareholders. Why is it that these announcements are not posted on US based news services i.e. Yahoo.com as normal news releases are? I think that all the employees/directors/affiliates should send the "hardcore minority" some gratitude for providing them with this windfall opportunity by driving the share price down so the options could be repriced. Garry R and Wilhelm it is funny to me that you two seem to have posted only once in the last 4 months to this forum before the last week and you are carrying the Pyng flag while the majority of the people that have actively posted to the thread are considered negative posters just because they call it like they see it. I would be interested to hear from you which of the negative statements made, you consider erroneous or unsubstantiated. As that is the only criteria that would qualify a post as management "bashing" in my opinion. Do you not want to hear the truth or is it that you think that managment does not have a reponsibility to answer legitimate questions when they have actively posted what many would consider "promotional facts" in better times. Does anyone know how to contact the VSE? I would like to know what the regulations on the issuance of stock options by "closely held companys" (when there is no chance of vetoing a controlling interest's motion that is clearly detrimental to the independent shareholders interest) is so I can evaluate whether the worse case scenario I mention in my earlier post is possible. If no one knows the what the regulations are on this subject, I am sure there is a contact number on their site. I am with you Grant if I could get my money out of my Pyng stock I would also consider getting out as we can only expect Jacobs to continue to making decisions based on his own personal interest which will seldom align with mine. I wonder if the lack of news lately despite the continuing statements that progress is being made (as late as the March quarterly report issued in May) can be attributed to the realization, why issue news when Jacobs benefits from the lack of news and a stock price decline. To answer your concern Wilhelm I can assure you that I control about 72,000 shares of Pyng (I only own 18,000 but my family would sale immediately if I did, as they call me regularly to check on developments). I would be delight to contribute to any shareholder action that could stop this maddness. I have nothing to gain from decline in the stock price unlike the Pyng directors/employees/affiliates but I do want to hear the truth regardless of the effect on my investment as if I could not afford to lose the money I would not have invested in this type of speculative stock.

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