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Gold/Mining/Energy : PYNG Technologies
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To: Andre Bain who wrote (1325)3/21/1998 5:19:00 PM
From: sPD  Read Replies (2) of 8117
 
Release of the escrowed shares requires $2.66 in cash flow.

Here is the exact wording from the Annual Report dated September 30, 1997

"The Escrow shares cannot be transferred or sold without the consent of the VSE until they have been released from escrow. The Escrow agreement provides that for each $2.66 in cash flow, one share will be released from escrow."
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