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Gold/Mining/Energy : PYNG Technologies

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To: naturalperson who wrote (7547)8/5/2005 6:23:53 PM
From: Edward W. Richmond  Read Replies (1) of 8117
 
Hi, Natural.
I am a long time holder who is very cautious about management, not the product. The stock is moving well. However, I believe Pyng must firmly establish our market share for our current product and, if possible, improve upon it with a multi-use version. Beyond that, I hope to see no significant funding of research projects for the next 2 or 3 years.
I am guardedly optimistic about the future of the company. However, the selection of the new CEO is critical. There is an adage, "as management goes, so goes the company". If we get a FOM (friend of Mike) as CEO, I and my family will look for a suitable exit when the price is right.
Best regards to all,
Ed
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