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

To: CycloneTech who wrote (4271)	8/6/1999 8:04:00 PM
From: Barry Moss	Read Replies (1) \| Respond to of 8117

Now if Pyng would be willing to buy back all my stock at purchase price and reissue it at $1.30.... I understand that Mr. Jacobs and perhaps some others do not receive any compensation except for stock options, but what this is saying is management doesn't expect the stock price to get appreciably above $2.09 in the next year. So the question is, what aren't they telling us? Barry Moss (Now I'm upset....)

To: CycloneTech who wrote (4271)	8/7/1999 12:05:00 AM
From: Jack Rayfield	Read Replies (1) \| Respond to of 8117

Repricing of Options Does this really surprise anyone? It certainly does not surprise me. It just further demonstrates that Pyng management does not consider for one minute what impact their actions will have on shareholders. Let's face it guys we are just along for the ride. What is there to keep Jacobs, if the product ever does get to market from issuing unlimited options to his employees/cronies he certainly has the votes to pass the necessary motions? As the options he issues increases this company becomes more and more a closely held company that the only role the shareholders play is we provided the initial funding for Jacobs company. Maybe the reason for these repricings are that Jacobs has now come to the realization that Pyng will never produce the needed cashflow to get his restricted shares out of escrow and should he get something for devoting 10 years of his life to a company. Is there no recourse for this type of manipulation? I am interested to hear the comments of those posters that supported the last repricing. Maybe Jacobs can drive the stock to 0 and just give the stock options away that would at least put us out of our misery and we could take a worthless stock writeoff chalking it up to education. Never invest in a company in which the independent shareholders do not maintain veto power. If you do you are just begging to be used in this manner. Barry Moss you have a significant although sad point. Why is it that a seemingly promising company just throws in the towel and reprices the options rather than doing something like getting the product to market that would make the previously issued options worth something. I thought that the purpose of stock options was to reward people for accomplishing something not provide base line compensation. I will be the first to admit that Pyng has done a good job of controlling cost but at what price, incredible dilution that just keeps getting worse. I wish that Pyng would pay their employees a living wage and get them off the dole. This is kind of like Welfare, your get rewarded for failure. I think this tells us volumes about the company and their perception of their medium term prospects. I was very hopeful that big things were right around the corner (I am not sure why given the last 15 months), but now there can't be any significant news release for some period of time (what 2-3 months). If they release anything significant would this move not be seen as blatant fraud, to reprice options when Pyng knew that news would move the stock. Come on supporters please post the positive spin. Tell me how much Pyng considers the shareholders interest but they have to use stock options to supplement the salaries paid to keep the exceptional talent they have and how this will be a positive in the long run.