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Gold/Mining/Energy : PYNG Technologies
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To: esxtarus who wrote (8081)9/10/2007 2:12:03 PM
From: Jack Rayfield  Read Replies (1) of 8117
 
Esxtarus

I am still around and check the forum once in awhile. I started to get interested when the sales seemed to pick up over last 2 quarters but I looked at the SEDAR Income statatement report for the quarter ended June 30th and filed Pyng away again as there can not be any positive movement in the stock when the quarterly Return on Sales of 3% compared to 23% last June for he quarter. I do not understand why the Operating expenses were 200% higher on 150% Revenue increase. This demonstrates very poor management from the new CEO David Christie. Why would he allow the expense to grow at that rate. I think Pyng still has a long way to go before the share price moves significantly sustainable profitability ( not the $48K of Q3) will have to be demonstrated.

Thanks
Jack Rayfield
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