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Gold/Mining/Energy : PYNG Technologies
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To: naturalperson who wrote (7610)8/14/2005 8:40:31 PM
From: Jack Rayfield   of 8117
 
I stay in because Mike is the only thing wrong with Pyng and it should succeed despite him. The product is great, production is now honed to a fine edge, the only thing holding Pyng back is Mike's pride and careless statements.

If Mike had not come out in June and announced the April profit then this report would not have been half as bad. He recklessly builds expectations through factually true statements then because he has no integrity he feels no responsibility to the shareholders to provide updated information when he changes his mind and decides to take action that are in direct conflict with his statements. t

A competent CEO would have announce the decision to pay out more salaries and spend the extra consulting to avoid the earnings surprise but Mike leads like he doesn't owe anyone an explanation. He is an idiot of a leader and we all know it but I am not selling because there are so many good things happening and potential is out of site. Where else can you find a stock that very probably will pop 800% in the next few year. I have never seen a stock with a better chance at this feat.

There is no way that Mike can be force out the FOM owe too many shares. I tried a couple years ago to stop Mike from extending the escrow shares by building a database of 80 shareholders that held more than 1.5MM shares but I found many more friends of Mike would not entertain the though of voting against him. All we can hope is that he will step aside for his own good as he could not give a crap about the shareholders. The sooner the better as far as I am concerned.

Best Regards
Jack

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