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

To: HotShot1 who wrote (4141)	7/11/1999 12:18:00 PM
From: LOR	Respond to of 8117

WHY ISN'T PYNG MANAGEMENT POSTING TO THIS FORUM ???? Perhaps it is a bit premature to suggest that PYNG Management are lax in posting to this forum in response to a request by many including myself for a firm commitment to what I think should be "MINIMUM" sales levels for the "NEXT" fiscal year. Is PYNG management dragging it's collective heels in order to fully analyze their position before coming to us with a block buster post? Are they trying to make sure that this time they won't be blushing [ as with previous sales forecast blunders ] when reminded of their response 12 to 18 months from today? Or are they just not confident enough to make such commitments due to the fact that to many hurdles remain to be able to commit to a lousy 1.2% of what has been touted as a $ 250,000,000 "PER YEAR" annual market? Only time will tell ..... but as to short-term "expectations" I personally have very few regarding PYNG ....... however, short-term "possibilities" are an entirely different kettle of fish. Good luck to all, LOR

To: HotShot1 who wrote (4141)	7/11/1999 3:57:00 PM
From: Jack Rayfield	Read Replies (1) \| Respond to of 8117

HotShot1 I thought I was pretty clear on the source in my post but here it is again. The April FY 99 and 00 figures were produced by Pyng in house as a revision to an older promotional piece that they contracted Frontline (outside investor relations group) to produce. Give me a fax number and I will fax the piece to you. The only value it has is that it I hope still represents Pyng thoughts on the volume that will be ordered in their first full year of sales. The choice of the April yearend for the projection, leads me to believe that when it was produced Pyng thought they would have sales starting in the April 98 quarter. As their true fiscal yearend is Sept there seems to be no other explanation of the off fiscal year choice but to provide a full year of sales/financial data. You may also notice that the numbers are in Canada $ and the sales price C$67.24 used is less than US$44 which is less than half of the stated price of US98.50. On the positive side the cost of sales figure used is C$37 which translates to about US$24.05. I would be very happy with the gross margin of 72% {(98.50-24.05)/98.50)}produced at stated price. The translation rate I used is .65 US to 1 Canadian could be off but you get the idea.