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

To: Patrick who wrote (611)	3/1/1998 11:41:00 PM
From: GWD	Respond to of 8117

To Patrick From Jery de Boo Selling a stock short is a way for investors to profit if a stock falls in price.In a short sale an investor BORROWS shares,and then SELLS them,hoping the price will decline.If it does(and in this case I don't think it will)the investor can BUY BACK the shares at the lower price and return them to the lender,and pocketing the difference Hope this will help you out regarding shorting.

To: Patrick who wrote (611)	3/2/1998 9:10:00 AM
From: sPD	Read Replies (1) \| Respond to of 8117

All Mr. Jacobs did in message 597, was to encourage shareholders to register their shares in order to receive shareholder information from Pyng. If you invest via a discount broker, your shares are held in the broker's name, not yours. The company doesn't know anything about you. Furthermore you will information about annual reports etc. retransmitted to you by your broker - you may not receive quarterly updates from the company itself unless you ask the company to add you to their mailing list for updates etc. I don't believe Mr Jacobs is concerned about shorters - as someone in for the long run, he is confident that the facts will prevail. Keep in mind that as noted in the annual report the vast majority of his own shares are being held in escrow until the company makes sales and is profitable, irrespective of the stock price in the short term. Therefore, Mr. Jacobs has a very, very major incentive (i.e. 3.5 million shares) to ensure that Pyng is profitable, which is of course to the benefit of all investors.