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

To: Jack Rayfield who wrote (4412)	8/19/1999 10:34:00 PM
From: AriKirA	Read Replies (2) \| Respond to of 8117

Protest letter addressed to the VSE and BCSC Re: cancellation and subsequent re-granting of stock options You can voice your opinion by sending me an e-mail at AriKirA@hotmail.com As a side note: I just want everyone to know that such a letter will have absolutely no effect on the trading. The only effect it can have is the non approval of the mentioned options. No suspensions, no halts, nothing.... 44 for 3 against FOR AriKirA Jack Rayfield Carolyn Rayfield Walter Rayfield Barry C. (to be confirmed) Sammie S. (to be confirmed) Nelson L. (to be confirmed) Rick Thomas Marilyn Thomas Ron B. Dennis M. Samantha M. Grant MacMillan Mrs MacMillan Stang LOR Michael Pogor Gary H Edward W. Richmond mf160 oldargus harbin2 Sapper Mrs Sapper Stephen Krupa Mrs Kupra Paul Loucks Tom Eland Bob L.* Jim T.* Louis-Phil G.* Gilles G.* Olivier G.* Jan C.* Scott D.* Pino A.* Don * Jan C. * Lou* Terry M.* Becky M.* Danny P.* Donna P.* Richard M.* AGAINST Flo Norm S.* Michael H.* *I will only use the first name + first letter of the last name of the people that contacted me via e-mail As mentioned in one of my earlier posts I will be sending in the letters unless 1/3+ of the votes are against it... The information I need to send in can be summarized as follows: Full Name / Address (preferably full address save postal code) / contact information (you can give a phone number or e-mail) / number of shares (preferably) Most of the individuals for the protest have sent me the number of shares held. The only person against the protest that has forwarded their interest in Norm. Hopefully, the individuals who have not already forwarded the required information will take the time to send me said info. If you're not comfortable with sending all the required info please send what you can... I promise all the information will be kept confidential. Moreover, section 11 of the BCSA obliges the Commission to keep such information confidential unless there is a request from the Ombudsman. I will include a reminder of said excerpt in the letter just to make sure... It is great to see that so many individuals are taking the time to voice their opinion be it for the protest or against it. Hopefully, we will be hearing some more from additional sources! Thanks AK

To: Jack Rayfield who wrote (4412)	8/19/1999 10:59:00 PM
From: AriKirA	Respond to of 8117

Employee stock options 10,000 $ 2.20 Aug 1/1999 - expired Employee stock options 17,000 $ 1.33 Aug 1/1999 - expired or exercised Employee stock options 26,900 $ 1.39 Feb 10/2001 Employee stock options 599,000 $ 2.09 Apr 14/2000* - 350,000 to Directors/Officers - 180,000 to Directors - 70,000 Unknown * (the bulk of these options were repriced on October 20, 1998 from 4.97$ to 2.09$) This initial repricing cost the company a potential of $ 1 728 000 of additional financing. The second proposed repricing will cost the company at least $ 475 000 652,900 out of the 683,400 shares to be cancelled 20,000 options were granted to Mr Bence on April 26, 1999 at an exercise price of 1.96$ Anyone have any additional info to add? Thanks AK