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Gold/Mining/Energy : MYT - Mytec Technologies

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To: Investor 007 who wrote (1004)6/24/1998 8:37:00 AM
From: Glen Abbey  Read Replies (1) of 1535
 
We can debate whether the statement was taken out of context. I saw nothing wrong in what was said. Biometrics are still ahead of the acceptance curve and today's market is innovators. They are an essential penetration target but not a very profitable market. Profits are made when the product gets into the mainstream. The mainstream will also allow the lower pricing that has wider appeal. I would certainly be happy if we get there within two years. I read Grecco's comments as a move to show institutional investors that Mytec is a real company with a realistic business plan.

IMHO, we are not victims but in on the ground floor. The wait may be longer than anticipated but I am willing to wait. If we keep getting news of market acceptance, I will be able to sleep nights.
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