Dear GWD
It was Mr. Richmonds suggestion that an overview of this company be undertaken by an investor. The need to know is obvious when your money is on the line. I believe that Ed has done a fine job in reporting on this company and I believe that he makes several major points that are relevant. I only make two observations that were not fully covered, (1) all the people on staff (9) are in fact full time and are paid accordingly,all professionals, and all understand what are goals are.I am the only unpaid employee.(2)Ed was not apprised, and rightfully so, of all negotiations that are now underway for distribution and as such he is reporting only on his own understanding.
We understand the concerns but we also are very aware of the potential of the product and the need to be fully considerate of the requirement to be diligent in not only the approach to mass production, but the regulatory requirements also,in making this approach we are also being responsive to the marketplace.
Ed Richmond is a shareholder. As such he and his family have taken the time to consider all the facts and report accordingly. I may not agree with everything that the Richmond family has stated,but that is their right, and I agree with that.It is also very commendable that they would take the time to not only to attempt to fully understand what is going on at Pyng, but to report to you, in a very unbiased way, as a shareholder.They communicated, to you, their opinion based on facts. There is not much more to say.
Your next quarterly statement will be out tomorrow, you are well financed for production and are in the thick of being there.
It does in fact take time to be correct in introduction of a medical product, I believe we have the very best team doing this job. Time will tell all, and I'm betting on the FAST1.
Thank you. Michael |
