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Gold/Mining/Energy : PYNG Technologies

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To: David L. Johnson who wrote (3578)	3/30/1999 1:32:00 PM
From: LOR	Read Replies (1) of 8117

To: David Johnson -- Ref: PYNG's Slow Progress Thanks for your response to my message to Mike Jacobs. Unfortunately, your reply has some sad implications. If PYNG has not after all these years being able to line up suitable sub- contractors for the "mass production" of the FAST-1 then something is terribly wrong. Investors have been led to believe that significant commercial orders would be achieved in 1998 in a multi-million dollar market. If you like I can e-mail or perhaps paste PYNG's 1998 website material into a forum message to help refresh memories. Further, it was implied that the hold up in "mass production" of the FAST- 1 was related to final modest design changes as opposed to having competent sub contractors. I recall discussing whether or not sub- contractors could be a problem with Mike last fall and being told that there are countless sub contractors out there who could take over from PYNG's in-house modest prototype manufacture and boost production "through the roof". Although he didn't say "sub contractors are a dime a dozen" that sure was the impression. This is NOT a subject that a competent organisation would just now be getting around to tackle. As to profit, it seems to me that unless PYNG recognizes having a significant competitor for the IO market then PYNG should be able to command a reasonable price [ including manufacturing costs and margins ] for the FAST-1. Our CEO has gone out of his way to say that there is no comparisson between the FAST-1 and most of the other devices on the IO market and that the FAST-1 is THE ONLY device for sternal use. If his views are shared by PYNG's potential "mass volume" customers then there should be no problem in staying in the black. Therefore, TO ANSWER YOUR QUESTION .......lets get the FAST-1 on the market while covering our costs and then [ as all competent companies should ] work towards the reduction in production costs which will permit both enhanced value to shareholders and possibly reduced cost to the "mass volume" end users as well. AND AS AN ADDITIONAL BENEFIT .... thousands of folks who might die because the product continues to be held up will be eternally gratEful. WIN --WIN you might say. Of course, I realize that this may not be possible if those "mass volume" users do not accept PYNG's view that the FAST-1 is worth paying a premium for .... in which case PYNG may have real problems !!!! As regards "orchestrating groups", I'm sorry but I don't think that as a shareholder that is within my objectives. My day to day work has already reduced my capability to monitor my investments [ especially speculative ones like PYNG ] to a minimum. I therefore look to the SI PYNG forum for information about PYNG's current status and for information coming from PYNG management and try to limit my "input" to cases where that information appears to be inconsistEnt with other information I have obtained. This in turn should permit PYNG management to clear up any misunderstandings ...... Like they say, "What doesn't kill you [ including the occasional critic ] makes you stronger". However, your message has certainly sparked some interesting comments from forum members. May I suggest that in the interests of the shareholders it might be far more productive if someone at PYNG reviews all the unanswered questions put to yourself and Mike Jacob's on the SI forum say "AT LEAST" on a weekly basis and then attempts to answer same?? ..... Perhaps then we would seeing a growing confidence in PYNG's future which might even start to be reflected in the share price. It is evident that although some PYNG shareholders are prepared to sit tight with limited input "until PYNG "gets it right" that many other shareholders [ and the entire market ] would much prefer to have a more accurate picture of PYNG's progress. LOR

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