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Gold/Mining/Energy : PYNG Technologies

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To: naturalperson who wrote (7435)	7/24/2005 9:57:02 PM
From: Jack Rayfield	Read Replies (1) of 8117

You are correct amortization of the defered research does not effect cashflow and Pyng is already showing positive cashflow which is really more important for company survival than Net Profit. But unfortunately most investors are not CPAs or sophisticated accountants and so only read Earnings Per Share figures which are based on Net Profit after taxes and all expenses to determine whether a company is a good investment and in most investors minds a company that is showing a loss is a loser investment. That is just the facts. I am a CPA and fully understand that companies can show a Net Profit but be generating negative cashflow and go bankrupt or be showing a Net Loss and yet be in reasonably solid finanacial shape due to the fact they have items that cause the Net Loss that are non Cash using like Deferred Research. Pyng does not have to worry about tax planning at this point as they have a large Net Loss carryforward that will be used when they begin to owe taxes. Pyng had better not show a Net Loss for Q3 FY05 or it will be trading for C$.25 again.

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