Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mf160 who wrote (7615)	8/14/2005 11:36:55 AM
From: kimball93	Respond to of 8117

To put a bit of perspective on this the company did earn .015 this quarter. For a company that has never been profitable thats a big step. I think the expenses demand a reasonable answer without a doubt. The 100k in salary increase is point one but there are potentially reasonable explanations for that increase. Given their volume inncrease it is possible they anticipate bigger sales numbers and are hiring for that. Mike was looking for a manufacturing engineer recently. Maybe he hired some new headcount and that is responsible for much of the 100k. There are realities of running a company that demand if you want sales tomorrow you need to put out money today knowing the effects will not be immediate. I'm not saying the expenses are appropriate but they may be and they may be an indicator of positive rather than negative developments. If for example they start operating at 450k a month and keep expenses in line with what they are at now you would start seeing bottom lines of .04+. Lets not forget that sales have been increasing at a sequential rate large enough to make those sales rates seem plausible for this quarter. From my perspective if he provides a good explanation for the cost increases and announces july numbers of 400k plus I would probably continue to be a buyer at this level.

To: mf160 who wrote (7615)	8/14/2005 2:43:37 PM
From: lemuel	Respond to of 8117

I am ofcourse in favour of objective posting. I take issue with posts that imply, as an example, that MJ may lining his pockets etc.i.e. The issue of salaries increasing may be due to hiring additional employees due to ramping up manufacturing of fast1. Why imply rumours that can seriously hurt the company and shareholders without some sort of coorboration. It just amazes me how some shareholders can post stuff like this and then be surprised when the share price falls (and then blame it on mgt.) I have seen many shady companies trading on the venture exchange and in comparison, PYNG is far from fitting in the category of these companies. What I do see in some of the past posts is bitterness from past years during the hey day of Pyng...those days are gone. There are many of us who took a beating when the market bubble burst not only Pyng shareholders. Hundreds of companies were trading at un realistic multiples and now are trading significantly lower...going forward I believe that PYNG really has the potential of being successful. I certainly don't want to ruffle any feathers here but like others am just posting my opinion.