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


To: grounded who wrote (7589)8/12/2005 12:32:15 PM
From: Jack Rayfield  Read Replies (2) | Respond to of 8117
 
grounded

Mike Jacobs should come back on the forum and answer some of the questions that have been raised here and I would feel alittle more confident.

I share your view that the PRs related to Pyng have been very impressive. I have read each one with great interest and anticipation. I have read every PR from Pyng for the past 7 years with the same anticipation. And from these PRs you would think that Pyng is selling FAST1s like crazy. In fact their biggest sales month ever April C$342K or 2,571 units this less than 10 boxes of ten a day). After 3.5 years of sales this number does not comport with the PRs over this period. The PRs sound great but Mike Jacob's idea of expanding sales, strong military support, strong response to our efforts do not match up with a reasonable person's expectation. That is why the stock does not respond to PR in the same way it did in 1998. These terms would lead a normal person to believe that sales should be growing exponentially and they have never shown this type of grow.

I am cautiously optimistic that good things are happening at Pyng and the military will start rolling out the FAST1 to all medics but the reality so far does not indicate that this is eminent.