Frankly, I think the way some of you folks kiss up to PYNG is deplorable. I for one think they will EVENTUALLY have a MASS PRODUCTION F.A.S.T.-1 product ready for market and, if they have any "sales" talent it will fly. However, their news releases over the past year have left much to be desired and their WEBSITE implications of "1998 orders" - still showing as of 1/27/99 is in my opinion a "JOKE"!!! Following is my opinion of Mike's latest attempt to "update" the faithful.....and in case anyone is wondering....YES, I am a long term shareholder as many of you already know from other forums.....so go ahead and flame away....and rest assured I WILL respond
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WHAT CAN THE POOR GUY [JACOB'S ] SAY ????
Regarding PYNG's latest "same old - same old" news release. I believe "mass production" orders will arrive in early 1999 but obviously HAVEN'T YET. Jacob's is caught by his 1998 "predictions" which turned out to be overly optimistic but as many people have pointed out that doesn't mean the F.A.S.T.-1 isn't a heck of a product and should succeed. For the record, I find PYNG's news releases continue to be on the "low end" when it comes to "updating" investors.
For example, they state that the F.A.S.T.-1 is the only device FDA approved for use at the sternum. VERY NICE but SO WHAT ??? they ....and many of us...know full well that the other devices that were tested at Walter Reed are NOT for use at the sternum. DO the Sur Fast and Jam Shidi have FDA approval as well ????? I also notice that Jacob's has NOT indicated "in writing...where it counts" that the F.A.S.T.-1 was found to be the "device of choice" as a finding of the WR tests. Fortunately, for reasons already well spelled out ON OTHER FORUMS that should not matter at all as regards the F.A.S.T.-1's "EVENTUAL" success. Nonetheless, many people ( including myself ) have been told by Mike that he was verbally advised during his December/98 trip to the states that the F.A.S.T.-1 was the device of choice in the WR tests. If he can't make that statement "in print" [ and I doubt that he can ] then he should explain why not to maintain credibility with investors. Of course, what is of prime importance now is whether or not Jacob's and /or his salesperson can "SELL" and manufacture a "mass market" ready product in the NEAR future. As most people realize, "imagination" is an important part of the "salespersons" tools. Some folks say imagination and BS are very closely linked. In that PYNG news releases over the past year have clearly indicated NO LACK of one of these commodities I have every reason to believe that "sales" of "mass production" F.A.S.T.-1's are very possible in the short term. HERES HOPING !!!! Until then, investors will keep on saying "MIKE olde boy....WHERE'S THE BEEF ???"
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