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Gold/Mining/Energy : PYNG Technologies

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To: esxtarus who wrote (4736)	11/1/1999 10:02:00 PM
From: Jack Rayfield	Read Replies (2) of 8117

LOR I wish I could figure out how to make Mr. Jacobs understand the importance of regular routine update on the company's progress. It is just good business to take the time once a month at least to update the investing public on the progress made in key areas. I do not understand why this point is so hard for him to grasp. We were led to believe that Pyng was in the home stretch of mass production i.e. had their plan together just had to execute it. That was back in Sept 9, 1999, which was the last substantive PR that has been released. Oct was the first month since April, 1997 that Pyng did not have a news release in a calendar month (several times they went over 30 days but never in this 18 month period had a 0 PR month). I think it is ashame to piss away all the momentum built up over the last couple of months. The stock has held up surprisingly well but I would imagine that a routine update would provide further upward momentum even if Pyng is falling behind schedule surely some progress has been made. Any news is better than no news because people tend to assume the worst when you have a company that has issued as many as 18 PRs in a 58 day period (Feb-Mar 98 when PYT had the run from C$1.25 to C$6.70)and you all of a sudden go 52 days with no real news. JMHO, but I can not see why most of you are staying silent on the subject. It seems like we have to have a revolution to get management's attention. The Sept 27 PR seems to be a good move but brings back memories of the "Mr. Gerry Lenoski- Corporate Communications Manager" or "Malcolm Chaddock- Production Manager" as the effect of the hiring of Mr. Paul Mathias will have to be judged by the distribution contracts he reels in which is 0 so far. Let's get fired up guys/gals and let Mr. Jacobs hear our collective voice. We want an update on production now.

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