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Gold/Mining/Energy : PYNG Technologies -- Ignore unavailable to you. Want to Upgrade?

To: LOR who wrote (4061)	6/27/1999 10:18:00 AM
From: HotShot1	Respond to of 8117

It makes sense at this stage! I cannot blame Mr. Jacobs for the lack of interest from the institutional side. He is certainly making an effort. However, it is difficult to market a company to a fund manager when there isn't a dime in sales to speak of. At this point, no respectable broker or manager will put capital into the stock as it would still be considered a highly speculative investment. As Mr. Rayfield pointed out, it is uncertain as to whether there is a market at $98.50/unit. This stock won't go anywhere without sales, and I can't foresee anything substantial before next year. 50 units here and there will not attract fund managers. This company will have to produce at least 1000 units a month consistently ($100,000 revenue/month or $1.2M rev./year) before anyone with respectability would even consider it for their portfolio. I'm hoping they can reach that level by the end of 2000, but I'd say 2001-2002 would be more realistic. So keep in mind when telling your friends about the stock that it is still highly speculative at this stage, and that if they decide to invest, then they must be willing to lose everything in a worst case scenario. However, let's hope for the best. I wish Pyng management good luck.