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Gold/Mining/Energy : PYNG Technologies
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To: Stang who wrote (6710)4/18/2002 12:28:09 PM
From: Bernard Elbaum  Read Replies (1) of 8117
 
$106K for March. If Pyng can simply sustain this level of monthly sales on average, I believe it should be able to break even for 2002. At least I recall the target breakeven point being close to $1 m/year--can someone verify that.

If sales continue to grow, then of course Pyng could go into the black modestly for 2002.

On the other hand, it's still not clear where Pyng is going to get the finances it needs to get through the year. And month to month sales can be quite volatile. We need to see sales for a couple of quarters at above $600K before we celebrate Pyng's attaining enough sales to survive.
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