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Gold/Mining/Energy : PYNG Technologies

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To: Jack Rayfield who wrote (7603)	8/13/2005 6:52:15 PM
From: kimball93	Read Replies (1) of 8117

Yep the big question Mike needs to answer is how is it possible that they earned 137k in april and broke even the rest of the quarter. I refuse to believe consulting fees were backloaded to the last month. Royalties may have been expensed at the end of the quarter but backloading like that is to say the least deceptive. He also needs to explain the salary expense increase. It doesn't seem possible that these expenses were incurred in april which leaves the question of who did he hire? why did he hire them? How will those hires enrich the shareholders? If the nearly 70% increase in salary turns out to be increased salary for existing employees I will unload every single share. Other than that nice quarter unfortunately it should have been at least 3 cents

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