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

To: m. jacobs who wrote (6968)	2/17/2003 2:03:56 PM
From: LOR	Read Replies (2) \| Respond to of 8117

Michael Jacob's....Please Clarify In Message# 6968 dated today Feb. 17, 2003 you quoted a statement from PYNG's Board of Directors made last year which in part reads: " Subsequent to the meeting, Mr. Michael Jacobs, Pyng’s President and Chief Executive Officer and the holder of 3,550,000 escrow shares, determined, through consultation with the Board members, Pyng Medical executives, and a representative from minority shareholders that the preference was to maintain performance based escrow. Mr. Jacobs cannot vote on escrow issues but he has clearly indicated to Board members and representatives of minority shareholders that he would accept performance share continuance Accordingly he requested the Board that the matter be withdrawn entirely." Are you now saying that PYNG and your position has not changed since then and that there are no plans to change the existing escrow share agreement? LOR

To: m. jacobs who wrote (6968)	2/17/2003 2:44:45 PM
From: Jack Rayfield	Read Replies (2) \| Respond to of 8117

Mike I am not sure what question this PR is meant to answer. I already knew the meeting was closed and the Escrow issue tabled but my point was that delay of escrow question worked in your favor as the shareholder registry became stale with time. I apologize for misleading the group making them think that the issue was still open from the last AGM. But I would still need for Ed to see the 1/27/98 formal Escrow amendment signed by you, Pyng and CIBC Mellon to see what expiry date was included if any. And also find out why the you have suddenly changed you mind on the expiry date from the twice published date of 1/27/2003 in the FY 2000/2001 Annual Reports. Thanks for responding to the forum. Jack