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Gold/Mining/Energy : PYNG Technologies
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To: LOR who wrote (7793)8/28/2005 9:53:41 PM
From: Jack Rayfield  Read Replies (1) of 8117
 
Welcome back LOR!

We did have a "postive" source report that Mike said the USAINFO.com report was crap and who are we to challenge Mike as a source. Although Mike did not offer the YTD military sales for FY05 or any additional NSNs that may be in use but I am sure the source did not ask because the information he expects from the CEO of a Venture Exchange gamble is so limited. Moreno did offer that the FY04 military sales released by Pyng in the FY04 yearend MD&A is 6K units or approximately US750K in sales.

Part of the explanation given for the discrepancies by the "positive " source is that all military medics are issued a MasterCard/Visa and authorized to purchase FAST1 in the field but only in boxes of 10 (US1,659.00). No wonder a hammer costs the military US500.00. This certainly explains it for me I hope for you also because if you question this information you run the risk of being called auditor material. I am a former auditor and accountant so these attempted barbs do not really hurt my feelings as there are worst things you could make your living at. I don't think any of the new posters have indicated what their profession is so they must not be as proud although I think one did say they were a gambler that is something to be proud of.

Anyway welcome back the "positives" were beating Ed, Moreno and me down with all the chest beating over the stunning info that Mike denies the validity of the USAINFO.com report and the brilliant revelation on the direct to medics FAST1 distribution channel.

Best Regards
Jack
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