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

To: m. jacobs who wrote (421)	12/21/1997 10:56:00 PM
From: Chris L.	Read Replies (1) \| Respond to of 8117

Mr. Jacobs: Thank you for addressing my concerns - I think it is appriciated that the lines of communication have been kept so open. My calculation of $187500 was done as follows: $250000 was paid for 283500 (approx) shares and warrants Assuming that these warrants could be exercized now (which isint the case with the one year period, but I didint know that at the time). Assuming they were exercised or sold on the open market now they would have a value of AT LEAST $0.22 each ($1.10 market price - $0.88 exercise price) * 283500 warrants = $62500. $250000 - 62500 = $187500 , or $0.66 / share. Anyway, it is encouraging that the what is currently is the war chest will get the job done, and I agree that very little dilution has occured. What about gross profit figures? With my limited knowledge of your marketplace, it appears that such devices command large markups (i.e. 60% GP figures). Is this a realistic goal? Thanks again for your responses. Chris

To: m. jacobs who wrote (421)	12/24/1997 11:11:00 AM
From: Coho	Read Replies (3) \| Respond to of 8117

Mr. Jacobs, in response to your comment, "With tax loss selling going on in this market we have simply taken advantage of the opportunity to do a private placement at this time" I have some concerns. The privileged insiders may have been able to "taken advantage" of the weak share price but it certainly is not advantageous for the rest of the shareholders! Many shareholders would love to pay sub dollar prices for their shares. How can doing a financing at this extremely low price be of any advantage to anyone except for you and the other insiders? A shrewder strategy would have been, promote the company to get the share price up before a financing. This would minimize dilution. A financing at this time would be an excellent opportunity to bring a brokerage house on side. Thus bringing new and desperately needed buyers into the company. This latest PP appears from the outside to be a little self-serving opportunism. Also, please tell me the company hasn't been tanking(selling) their own paper to do the deal. Just a little buying would have moved the stock up thereby eliminating your opportunity. I'd appreciate your explanation.