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Gold/Mining/Energy : PYNG Technologies

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To: David L. Johnson who wrote (3578)	3/27/1999 11:48:00 PM
From: Jack Rayfield	Read Replies (1) of 8117

Always nice to hear from you Dr. Johnson Your choice is an easy one for me. My personal opinion is I like the double the profit scenario. I am as caring as the next guy but I invested in PYT to make money. But now that the design is final I do not understand the steps necessary to convert the current low volume production manufacturing set up to one that is able to mass produce the product. I share LOR's main concern, I would like to know what steps are involved in the conversion to mass production and a projected timeframe. At this point any estimate should not hurt the stock price as it is already depressed and would probably react favorably to any information in this regard as uncertainty has probably been a major factor in its decline. As a finance person I understand the importance of maximizing gross margin by minimizing product cost. I would rather see Pyng take time to get the cost down as low as possible and sale the product at a huge profit. The huge gross profit potential is what drew me to PYT in the first place. I do not want the product sold at breakeven or worse a loss. I just can not see why it should take more than a month or so to fabricate the metal injection molds to allow high speed production (I know the conversion is not that simple). Understand that I for one admit my ignorance of the process. The lack of any information in this regard is what is frustrating. If the firm that is currently producing the FAST 1 field test units will handle its mass production surely they can estimate the conversion time frame as it is their business. I genuinely admire the job that the Pyng staff has done in getting the product tested and finalizing the design. I know it has taken a Herculean effort on all of your parts. I hope you will be so kind as to enlighten us on the next steps. I am very patient and like esxtarus I am willing to wait as long as it takes within reason but the wait would certainly be easier if some benchmarks were known. An update on the Fort Bragg training would be much appreciated also. Best Regards Jack

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