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


To: esxtarus who wrote (4103)7/7/1999 11:12:00 AM
From: Grant MacMillan  Read Replies (1) | Respond to of 8117
 
Good, and I should say it's about time. Still, I think from an investor standpoint some damage has been done. No-one likes to invest in a company that demonstrates a lack of concern for investors, and in not dealing with this particular issue for over 3 months, I believe PYNG management has sent that signal to current shareholders in the US.

I think these are fire-sale prices, and I bought more at $1.65, but I am reluctant to purchase anymore. My losses on PYNG have wiped 40% off of my RRSP, so I don't want to get even more heavily weighted towards this stock. I've sold other stocks to cover some expenses in the last three months, only to see those stocks double, while PYNG has dropped a further 35%. The word isn't getting out, or I should say PYNG isn't getting the word out. I can only hope that they realize they have hit the floor and are hoarding all of the positive news releases for one great push (a la 18 months ago). Still, I have to agree with Hotshot (or whatever the name was), unless they start addressing the needs of their investors pretty soon, this stock will head lower.

GM