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

To: grounded who wrote (7465)	7/26/2005 11:35:10 AM
From: mf160	Read Replies (1) \| Respond to of 8117

What I meant was selling current PYT shares to exercise the options not just selling to take money off the table. No matter who the individual is they will have a set amount of money they will tie up in PYT. One thing is they only have to sell 1 share to pay for 2 new shares. Like I said I will be more comfortable after next quarter numbers or when Nov is gone.

To: grounded who wrote (7465)	7/26/2005 11:39:29 AM
From: Jack Rayfield	Respond to of 8117

I agree I do not think that insider selling will be an issue as anyone that received the options directors and inside employees will hopefully be aware that Pyng will show an actual positive EPS for the very first time this quarter of between C$.02 and .04 which could conservatively push the stock over C$1.00. Why would they sell when the story seems to be getting better. In reading the proxy for the Feb annual meeting I came across something I thought was interesting. It stated that Mike had agree to transfer 1MM escrow shares to Judy and David but Mike retains voting rights until the shares are earned out of escrow. Why did Mike not just transfer the escrow shares outright. I guess he could not take the chance that David and Judy would side with the minority shareholders on some controversial issue.