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Gold/Mining/Energy : PYNG Technologies
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To: m. jacobs who wrote (421)12/21/1997 10:56:00 PM
From: Chris L.  Read Replies (1) of 8117
 
Mr. Jacobs:

Thank you for addressing my concerns - I think it is appriciated that the lines of communication have been kept so open.

My calculation of $187500 was done as follows:
$250000 was paid for 283500 (approx) shares and warrants
Assuming that these warrants could be exercized now (which isint the case with the one year period, but I didint know that at the time). Assuming they were exercised or sold on the open market now they would have a value of AT LEAST $0.22 each ($1.10 market price - $0.88 exercise price) * 283500 warrants = $62500.
$250000 - 62500 = $187500 , or $0.66 / share.

Anyway, it is encouraging that the what is currently is the war chest will get the job done, and I agree that very little dilution has occured.

What about gross profit figures? With my limited knowledge of your marketplace, it appears that such devices command large markups (i.e. 60% GP figures). Is this a realistic goal?

Thanks again for your responses.

Chris
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