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Gold/Mining/Energy : PYNG Technologies

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To: David L. Johnson who wrote (3961)	6/2/1999 9:12:00 AM
From: Jack Rayfield	Read Replies (2) of 8117

Thank you Dr. Johnson for your timely response Your explanation was very informative. Thanks for taking the time to respond so fully. I just have a couple of questions based on your response. "This is fortunate for us, as it lets us begin volume production on a manageable scale and ramp it up as demand builds. Doing this was always our intention ... our business plan and all presentations we have given on the projected market (latest a few weeks ago at SFU downtown campus) have been based on a five year ramp up to final figures on market penetration." Is SFU- San Fransico University? Could I call Diane and get a copy of the materials presented at SFU? I am particularly interested in projected five year market penetration. The latest projected data I have was issued by Pyng dated 4/30/98 which projected sales of 29,000 units in the period May 1998-April 99 and 152,000 units in the same fiscal period ending April 00. I would really like to see the updated projections. Thanks again for your response. I really appreciate your efforts to clarify these issues which are important to me and I think probably most investors on this board.

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