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Gold/Mining/Energy : PYNG Technologies
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To: Patrick who wrote (611)3/2/1998 9:10:00 AM
From: sPD  Read Replies (1) of 8117
 
All Mr. Jacobs did in message 597, was to encourage shareholders to register their shares in order to receive shareholder information from Pyng.

If you invest via a discount broker, your shares are held in the broker's name, not yours. The company doesn't know anything about you. Furthermore you will information about annual reports etc. retransmitted to you by your broker - you may not receive quarterly updates from the company itself unless you ask the company to add you to their mailing list for updates etc.

I don't believe Mr Jacobs is concerned about shorters - as someone in for the long run, he is confident that the facts will prevail. Keep in mind that as noted in the annual report the vast majority of his own shares are being held in escrow until the company makes sales and is profitable, irrespective of the stock price in the short term. Therefore, Mr. Jacobs has a very, very major incentive (i.e. 3.5 million shares) to ensure that Pyng is profitable, which is of course to the benefit of all investors.
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