Hi Jack,
Let me echo Ari and thank you for your work as "auditor" of the current
FIRST FAST-1 MASS PRODUCTION ORDER CONTEST.
I have had a bit of time to reflect on the current situation now that Oct. 20,
1999 has slipped away [ the last date where yours truly had a ghost of a
chance to win the current contest ]. After talking to my medical / investment
advisor, I have taken her suggestion and have reduced by valium dose and
placed by rose coloured glasses on the coffee table beside my rosary
beads and lucky rabbit's foot.
Side effects of this new "approach" to my investments in general and
S.P.E.C.U.L.A.T.I.V.E. investments like PYNG in particular have led to the
following conclusions:
a) although things are truly improving [ ie. real progress has been made on
the road to mass production ] we must still afford PYNG some "margin for
error {MFE}" in PR statements about real mass production "commercial"
sales forecasts,
b) back in late 1994, forecasts [ for "real" commercial sales ] might have
had a MFE of say 5 years [ I'm trying to be nice here and a tad hopeful as
this would mean a "real" order by 99/12/31],
c) here, still barely in the "olde" millennium I'd say the MFE has shrunk to 8
months which of course means August 2000.
Now, I know that many of us hope for better then that but in the great
scheme of things "S_it Happens" and delays do and will continue to occur.
Timeframes are always bothersome to investors but I have come to the
conclusion that Mike Jacob's has probably sufferred more then many [ but
not all ] of PYNG investors .... unless of course he also has rose coloured
glasses and a good supply of mind control substances to insure that
"reality" is always acceptable. And, I'm sure PYNG will consider the FAST-1
a complete success even if it takes to 2005 to establish the product.
As they say, "everything's relative". Your comment that PYNG's PR's seem
to come in waves with long spaces in between is true by comparrisson to
say AIR CANADA who seem to be putting out anywhere from 1 to 4 PR's
daily ........ but compared to other stocks in the same class as PYNG, PYNG
may have quite a respectable level of PR communications......for such a tiny
company.
LOR
P.S.- "DOC" says it may take some time before I'm back to "normal" so if I
appear to be "sweet on PYNG" in the above ..... just wait awhile if you are
pining for the old << LOR >>.
WARNING:
The author relies upon litigation protection for "forward-looking"
statements in addition to various substances. This message is intended
only for the amusement of the individuals or entities to which it is
addressed and may or may not contain information which is privileged,
confidential or subject to copyright.
While the author believes all statements to be reliable based upon available
facts and research, the reader must be aware that the author in no way
represents or guarantees the accuracy thereof. The reader should always
assume that LOR may hold a position in mentioned securities and may
be an active buyer/seller at any given time assuming he can remember who
his broker is and can be coherent enough to place orders.
P.P.S. - Please take all of the above with a grain of PYNG .... [ er make that
salt. ] |
