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

To: Gary H who wrote (7531)	8/4/2005 9:35:04 AM
From: Jack Rayfield	Respond to of 8117

Well Gary I too approach all the good news with a wary eye. In my model to get to C$6 it would take around C$9.2MM in sales calculating taxes at 36.12% and a PE of 30. To achieve this level of sales could take 3 to 5 years if ever. I am optimistic but we both know the history. But as you know when Pyng moves it really moves it has loss carryforwards of C$5.2MM (expiring between 2005 and 2011) that will be used to offset taxes on income for the next couple years anyway maximum benefit is the C$5.2MM but some of that will expire unused. That said without taxes revenues of C$7MM should legitimately get us to the C$6 level. Also as you know if an analyst picks up on Pyng like a Danny Deadlock we could get to this level with just the promise of revenues. Personally if your ultimate goal is just to get out at C$6 I think your odds are very good in the next 3 years. All of the news releases lately have promise like the US Army standardization and establishing distributors in Europe but we have heard it all before and been disappointed as the hype was never fully realized. I am hopeful this time Mike's hype is for real and recent revenue increases seem to bear that out. Although we have not seen any big jump in sales from the US Army due to the standardization announced in June they could come in Q4. I think the future is bright and I will not be selling the first time it hits C$6.