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Gold/Mining/Energy : PYNG Technologies

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To: Mark S. Schroeder who wrote (432)	12/30/1997 2:25:00 PM
From: Chris L.	Read Replies (2) of 8117

Exactly the reasons I have been quietly watching the progress - This looks like the real deal and the company should have a montrous 1998...BUT.... " A small private placement recently completed to put the product into production was significantly oversubscribed and we're hoping to see considerable news from the company in Jan/Feb." Of course it was oversubscribed! I wasnt the only one to see the huge discount / arbitrage oppurtunity (assuming perfectly liquid markets)! (see prior posts) Follow up questions: Is the $400,000 PP enough to get the FAST1 to market? What happened to $250,000 being enough? Revenue / Gross Profit / Profit Forecasts for '98? Is 1998 the turn around year?? The Pyng Bull (just a cautious bull!:) Chris

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