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

To: Kevin Garnier who wrote (4352)	8/16/1999 6:30:00 PM
From: Edward W. Richmond	Respond to of 8117

Kevin, thanks for the information. I expect that, given the concern over target dates, management will meet the August 31st date. If they do, in my opinion, that is a major milestone. The actually making of the molds and dies, I understand, is not a major issue and should not take more than 2 months. If the molds and dies are in place by the end of October,(I'll try to verify this while on vacation in Eastern Canada) we could be ready for mass production well before December 31st. It may well be that my 2 month development period is a little optimistic, but my source is credible. The next major milestone will then be the signing of distribution contracts. These will be key to the success of the launch of the device. I do believe management has a very clear idea of what they need and want in these contracts to protect the integrity of the launch. We don't want and, in my opinion, will not permit a fiasco like the Xillix Technologies/Olympus Optical distribution agreement. From my perspective, we are making good progress toward the distribution of FAST1 and a significant revenue stream. Best regards, Ed

To: Kevin Garnier who wrote (4352)	8/16/1999 7:58:00 PM
From: HotShot1	Read Replies (1) \| Respond to of 8117

Big Deal. No surprise there. They should have had a producer and distributors identified ages ago. Weren't they supposed to have sales and production in the 4th quarter this year? Just another prediction down by the waste side. I could care less about the distribution/production announcements, as that just means they're pulling the fundamentals together as all companies have to eventually do. What I want to know is, when are they going to make an announcement about any meaningful sales orders for there precious device? My gut feeling is that they still don't have anything worth reporting, and won't have anything with impressive substance until next summer at the earliest. I'm going on record as saying that this company won't even crack 1000 units next year. What's that, $100,000 in revenue? Wow, break out the champagne. This company isn't worth the $12 million that the stock price dictates. That re-negotiated option price of $1.30 is still higher than it's true value. Ladies and gentleman, I'm about ready to take my capital elsewhere.

To: Kevin Garnier who wrote (4352)	8/16/1999 8:20:00 PM
From: AriKirA	Read Replies (1) \| Respond to of 8117

Isn't the timing of this release kind of odd? Aren't we supposed to get PR's on Friday so we can benefit from the increased exposure? How come we get a PR the business day after we decide to take some positive action? Do we have to threaten the company to get some information? If we lay back and wait when will the next release be? Don't know about you guys, but this release is just a bunch of hooplah trying to win over some investors. Weren't we already aware that Pyng had several folders of contacts just waiting for Pyng to get in touch with them? Not quite certain, but this PR is very questionable.... the timing as well as the content. A last feeble attempt? AK