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

To: LOR who wrote (4200)	7/20/1999 1:25:00 AM
From: Edward W. Richmond	Read Replies (2) \| Respond to of 8117

LOR, if I were management and I found that, in spite of my best efforts, I missed projections by a mile, I would be very reluctant to produce more specific projections that could come back to haunt me. I would be inclined to try to move the production date up as much as possible, work myself and staff like crazy and keep my head down. That's only my what I would be inclined to do. It may be right, wrong, good or bad, but I wouldn't set myself up as a target in case I run into further unexpected surprises. Regards, Ed P.S. I don't know of any company management, certainly not in the approximately 30 stocks that we hold, that would accept what you term meaningful commitment to realistic projections. The don't think any management team or CEO would accept your definition of 'meaningful' when it includes a resignation. Why would any member of management accept such a proposition? Would it be good for the company and in getting to market? I doubt it. The transition period, the quality of candidates willing to take on the management responsibilities and the cost are major issues in my mind. In fact, I don't believe that the company would be better served if management resigned if a specific target were not reached. I am of the opinion that the company is making major progress, albeit, not at the rate we, including management, would like. I do think that Michael, David and Judy make a good team. I have no axe to grind and no association with management other than as a shareholder. I guess I do fall into your classification of "wishful thinking" optimist. Prett long P.S. I guess:-):-)