Tour of Pyng's Operation - Press Releases and Public Relations
Press releases seem to come out consistently on Fridays. I learned that this is by design. Apparently the news release must have four hours of exposure while the market is open. If a release is made at noon Pacific Time, the VSE is only open for a further 90 minutes. Therefore, the release is carried forward to Monday for another 150 minutes. This keeps the information released in front of the investing public later on the Friday, Saturday, Sunday and Monday morning. This provides maximum exposure for good news. This perception seems to be contrary to conventional wisdom, but there is some clear logic behind it. For me, the jury is still out, although it does seem somewhat clever.
I have a major concern about Investor Relations function within the company. Having toured the operation, I think it would be insane for any of the present staff to fill that role. They are full speed ahead getting the product finalized, produced and to market.
I had expected some reasonably aggressive IR action from Gerry Lenowski. This company has, in my opinion, a great deal to share with the investing public. I don't know what others expected from Gerry, but so far I am a litttle puzzled. Other than meeting him at the Vancouver Technology Investment Forum, I have not heard anything from or about him except questions about what he is currently doing. What knowledge or experience do other posters have that might enlighten us as to how he is assisting the company with IR?
More later…
Regards, Ed
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