LOR, you are quite correct, "PYNG's SI Forum is for EVERYONE."
Thanks for your comprehensive response to my concerns. I am pleased that you are not a shorter with the motivation to undermine the stock and then benefit from stock price erosion. Your strategy of selling PYT at higher prices and buying as the price dropped has obviously been successful in reducing your adjusted cost base. Nice play! I have added as the price has dropped without any selling.
I am as anxious as most shareholders to see the stock appreciate as I won't be doing much more buying.
Yes, the goal posts do seem to move as time goes by. Just over a month ago, I was told that mass production could be expected in 60-90 days. At the Vancouver Technology Investment Forum Judy and Dr.J had an overhead that gave 4 months for the final volume production design and 6 months to volume production or a strategic partnership. Pyng now is producing the dies and molds that will be used in mass production. Remember, MJ has 35 years in manufacturing. This decision may be inefficient from a time perspective, but it does give management total quality control. Yes, it appears the 60-90 day prediction will not be met. I would much prefer to see mass production within 90 days of my telephone call to the company. However, as long as we are not running out of $$$, I don't have too much problem with missed deadlines as long as I am convinced there is significant progress being made to get the product to market.
I may be naive, but I am impressed with FAST1, a medical break through. The delays in getting to market, from my experience, are not unusual for a micro-cap company.
I would like my profits showing NOW. However, my JDS Fitel, Ballard Power, QLT Phototherapeutics and BCE Emergis were disappointing for considerable periods of time. I expect PYT to be added to this group of very successful stocks.
I look forward to your congratulations when we reach the 10,000 units by August 2nd, my 41st wedding anniversary.
Frank, rational debate on the merits and demerits of Pyng can certainly useful in evaluating the company and its prospects.
Best regards,
ED
|
