Warning....to all Potential PYNG Share Buyers !!!
To ALL .... but especially to M. Jacobs and some of the more gullible posters to this forum
Our illustrious PYNG CEO has once again graced this forum with a rare
post. At first I thought he was responding to my recent polite query to him (
Post# 3688 ). However, seeing as how that particular post could hardly be
called a rant I gather Mike was also referring to my totally unrelated
message to none other then Mike's distant cousin AH ( ie. my Post# 3702 ).
I guess Mike failed [ as usual ] to read the title and end of that message
which indicated "humorous response
[ ie. to AH as opposed to M.Jacobs ]".
Nonetheless, we must congratulate Mike for at long last finding his voice
on this forum and providing at least a partial response to some
unanswered questions.
Now, for those of you
********* "who actually have an interest in LOR's comments" *****
let me [ ie. LOR ] review what Mike did [ and did NOT ] say in his most
recent gem:
1) FAST-1 will be in the BTLS issue believed to be available in August,
2) the FAST-1 will be in the "Optional" section of the BTLS as it will be
considered as ONE OF the CHOICES that can be made when vascular
access is not available by conventional I.V.,
3) FAST-1 units have been shipped and sold at a price of US $ 98.50 to
S.O.C. Rangers and the University of Uniformed Services and potential
distributors have been quoted this price.
Now, for what Mike Jacob's did << NOT >> say in his most recent
attempt to update this forum:
A) Mike does NOT say that All orders received to date have been for modest
quantities and primarily for purposes of evaluation. However, there is no
evidence of PYNG having received other then small orders as nothing
substantial has been announced and PYNG is NOT currently ready for "mass
production" anyway. Therefore the price of US $98.50 achieved for these
small orders is hardly an indication of what the market will bear for "mass
production" large quantity orders. Of course Mike has given out this price
to everybody and his brother. However, you don't have to be a rocket
scientist to realize that "big volume" buyers will expect a lower or
discounted price, potentially MUCH lower then Mike's pipe dream price,
B) Mike does NOT say that PYNG will have to show flexibility on the price
when it comes time to "negociate" real "mass production" orders in order
to be competitive with other IO devices also currently available and FDA
approved and which have been deemed "suitable" by Walter Reed
investigators. Although Mike himself is convinced of the superiority of the
FAST-1 it is unfortunate that it will not be Mike Jacobs who will be doing
the "buying" of IO devices,
C) Mike does NOT say that either he has received a "mass production"
order or is expecting to receive one in the very near future but regardless of that fact he still plans to be
in production by 4'th quarter ...... presumably because he is so confident
that PYNG will have such order(s) before that time. ( Mike was also
confident about PYNG receiving significant commercial orders in 1998 and
we all know how those hopes evaporated into thin air ),
D) Mike does NOT say why PYNG can not report winning any "mass
production" orders to date. Seeing has how Mike insists on implying that he
sees no problem obtaining "mass production" orders at the "pie in the sky"
price of US $ 98.50 and seeing as how PYNG has had 7 years to work out
design and mass production details it would seem that PYNG should
provide some plausible explanation for NOT having received that ever
ellusive first "mass production" order.. so Mike, what is your answer ????
LOR
P.S.- I must thank you for indicating that I have "indeed lost it". That was
very intuitive on your part and I guess what you meant by "IT" was the
word "confidence" ......... that is "confidence that PYNG will soon:
** announce receipt of a major "mass production" order of the FAST-1 at
US $ 98.50 each ***
Yes Mike, you are right, I have lost confidence ..... as have many others
which of course helps to explain why PYNG's share price has remained for
so long back in the far recesses of the DOG house.
Good luck anyway ......... even dreams ( $ US 98.50 ) might come true .... but
don't stop buying those lottery tickets as it seems the odds are about as
good of picking the winning number as of making a solid return from
PYNG's share price.
LOR |
