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

To: LOR who wrote (8051)	9/28/2006 6:46:56 PM
From: Edward W. Richmond	Read Replies (1) \| Respond to of 8117

Hi, LOR. Yes, we are enjoying our 20 grandchildren. However, it appears that production is halted and 20 will be the final count. :-):-) With birthdays and Christmas gifts we keep the economies of B.C. and Washington State buoyant. What a pleasure!!! The Pyng thing? Well, I broke the cardinal rule of investing with Pyng. I was too close to the operation - seeing the facility in operation, having access to management... I held the stock in spite of major concerns about management. My rationale was that the quality of the product would compensate for the other deficiencies in the company. Alas, I, my family and friends have paid a steep price. Fortunately the South Surrey Investment Club, which I chair, did not take a major position in any of the private placements offered by the company. We well could have lost a large amount of money had we participated. I expect to see the stock price decouple from any success the company may have for a fair time. Eventually the market forgives and forgets if a company produces results. Pyng, in my view, has a lot to have forgiven and forgotten. I await the announcement of the CEO appointment. Who, with stature in management, would consider a Pyng-like operation. Another FOM????????????? Possibly David?? Best regards, LOR Ed P.S. Fortunately our energy and real estate investments have done very well so Pyng is a minor blunder of the past.