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Gold/Mining/Energy : PYNG Technologies
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To: Jack Rayfield who wrote (3558)3/24/1999 11:14:00 PM
From: stubbs  Read Replies (2) of 8117
 
I hope I haven't burned my bridges with some of you but believe me I'm busting my butt
for this company(all of us).My point of the Dow and the To was it wa s a very bad day in the markets and not that Pyng is tied to either exchange.I have posted with some regret to posts about repricing of
warrants(in my opinion just) and the latest with comments about management(maybe a
little harsh but with open input).I do apologize for those that were offended but I'm nothing less then
defensive when it comes to Pyng.So you all know that I'm on the helping end I have set up meetings
in Calgary for Mike with Nesbitt,Yorkton and Canaccord.I'm trying for the same April
8th trip to meet with Stars Ambulance and Calgary EMS.Now to the meat of this post
which is I had a call from a broker that it looks official that there is a short position of
our stock trying to be covered.They had received a call looking for a substantial amount
of stock.I and many others have suspected this by the strange trading pattern of
Pyng.Evertime we get on a run the bids get hit and several trades barely cover the
commissions.I believe our price will stay down at these levels until we get true
buyers(larger trades or short concerns)and the price will reflect our near term potential. Just watch when the
bid-ask spread becomes large and someone comes in with 100 shares just above the
bid.The problem is what is our potential in the near to medium term.Gone are the days
that potential will create buying on a company that has been around awhile(OK maybe
I-net stocks)but I truly believe it is around the corner.Sales are here now(not yet
profitably though) and larger sales orders are around the corner.The catch is if we get
large orders requested immediately our profits are very low however if large orders are
placed and can wait until mass production starts(back ordered )the cost per unit will be a quarter of
todays costs.Still the more units out will result in free exposure and more future sales.Ive
been a very active poster on CBI and NNS in the past and if you take the time you will see I dont
post bull.The reason I mention this is I dont want someone asking me who the broker or
how much stock as you'll just have to take my word.So having said that I guess thats what
we all have to do with each others input until proven unreliable.
Sorry for the format but had problems copy and paste to fit besides Jack now I'm inconsistent.I hope you took that as a joke.
Stubbs
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