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Gold/Mining/Energy : PYNG Technologies

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To: lemuel who wrote (7499)	7/28/2005 11:04:40 PM
From: Jack Rayfield	Read Replies (1) of 8117

Given the fact that 1MM IV attempts fail each year worldwide 10% of all attempts. The ultimate maximum potential market is at least this big with the biggest limiting factors being the cost per use and protocol/device approval. My guess is at least 500K of these are in US and countries that Pyng is approved in or actively working to gain approval (Europe, Scandanavia and Asia) I can not see Pyng ever selling more than 250K units which would be over C$30MM in revenues but in the best of circumstances this could take 5 to 10 years. But the stock price at this level of sales is C$40+. Obviously this is probably not realistic but a sales of C$10MM in the next 3 to 5 years is very possible maybe even probable. I personally hope that Pyng is not taken over as I think that the takeover price in the next couple years would not include a significant premium and be much less than C$10.00 which is the price that I would be satisfied with ultimately. Although I would probably sell enough to get money back at around C$5.00 just because I have been in PYT so long I would not want to continue to feel like a fool unnecessarily if things fell apart again. To get to the C$10.00 level earnings would have to be no more than C$.40 which I think is doable in the next several (3 to 5) years maybe sooner. The latest sales reports have convinced me that the FAST1 really is catching on in the civilian markets which is the larger market in the US. As far as I know there is no analyst that covers Pyng but if they would make a Net profit in Q3 and Q4 of C$.06 I think that someone will pick them up due to small # of outstanding shares and tremendous potential upside. This is element that PYT is missing credibility and the main reason the share price always lags what a reasonably informed investor would expect. I think a Q3 profit as long as it is at least C$.02 will be the infection point. As most investors can extrapolate a C$.02 Q3 Net Profit times 4 is C$.08 for the next 12 months and at a 30 PE the stock should be trading for at least C$2.40. And if Q4 profit is C$.04 you get the idea. The Q3 sales figure did not include significant sales from the June 6 announced US military standardization on the FAST 1 with its inclusion in the Tactical Combat Casualty Care training course and manuals. This is potentially huge and shortterm as there are 60K medics that are effected by this standardization announcement. I can not believe that a FAST 1 will not be included in 25% of the 60K Medical Kits in the next year that would yield sales of almost US$2MM. Also I know that Pyng is working on a multi use version of the FAST1 which will reduce the cost per use in the civilian environment which I personally think is the biggest barrier to widespread adoption and adoption of more lenient protocols regarding the FAST 1 use as a first line option in time critical situation of cardiac arrest, drug overdose, stroke other emergency situations. These are just my opinion and are mostly based on my own research.

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