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

To: LOR who wrote (4217)	7/24/1999 3:46:00 PM
From: HotShot1	Respond to of 8117

Just to clarify my position regarding future sales, I've never said they won't be able to sell the product, I just think they're years away from demand that would garner "mass" production. For instance, my expectations for next year are much smaller than the other posters on this thread. You have to be realistic folks, this is a tiny company! The fact that the stock is trading over $1.00 is only because there were promoters who took the stock through the roof. From that high level, this price appears cheap. Yet the stock should never have gotten were it did to begin with. At the current stock price, the company is valued at over $12 million, which is absolutely ridiculous considering they haven't made a dime. Mind you, look at the valuations going on in the internet sector, now that's ridiculous! Either way, provided the company doesn't go broke, they should eventually make money. But that doesn't mean I'd tell anyone to buy the stock at this price. We'll see by the end of next year.