To: Coho who wrote (730 ) 3/13/1998 1:06:00 AM From: Justin Read Replies (3) | Respond to of 8117
FAST 1 successfully worked on a trauma victim. Rumour confirmed. This much I know for sure from my broker who has contacts at the convention (she also was buzzing about it). Don't know for sure if the rate of infusion is greater than expected, but given that the "rumour" about its successful use is true, it would make sense that this would also be true. Bloomberg will be doing a piece on PYNG. Rumour confirmed. Again, my broker confirmed that they indeed spent a couple of hours interviewing Pyng two weeks ago today. Where exactly will it appear? Well, not on their web site as that site only caters to US listed securities (I confirmed that with a well targeted email). They do have a hardcopy publication (subscription only) that my broker gets - makes sense that it would appear there. When will it appear? Given the fact that there will be a lot of news to write about coming from the current/upcoming conventions, what would you request Bloomberg do if you were president? NBC will be doing a piece on Pyng. Unconfirmed... but given everything else, seems very plausible. Anyway, a confirmed 2 out of 4 rumours (with a strong possibility for 3 out of 4) ain't bad. Additional news. I know from my same source that a newsletter from London (England, not Ontario) will be doing a piece on them as well. Is the procedure painful? Yeah, but so is a root canal, not to mention childbirth - both of which endure a lot longer than what would be experienced with the FAST 1. Given the setting under which this device will be used (remember, the operative word is trauma), it doesn't really matter. Use it and you live - in most cases, the individual is under such trauma that the application of this device will seem like a pin prick (if he/she is at all concious)... this question is moot. Something you may already know. Pyng has completed the necessary paperwork for a Nasdaq listing - what remains is for them to maintain 5 consecutive day closings at the $US 3 or higher (almost there) and for Mr. Jacobs to close with a suitable market maker. Seems to me that with the current buzz, they'll be beating a path to his door... success breeds success. Reality check. There's no way that Pyng would let themselves be bought out at this time. However, it is definitely in the cards - again, this I know for a fact. But, what would you do given the current level of dilution and the gobs of good news to come? List on Nasdaq and let the suitors come to you... build it and they will come. By the way, we all know what happens when companies not nearly as successful as Pyng are listed on Nasdaq - as Jackie Gleason would say, "To the moon, Alice!". Final note. Given all this, which is still filtering through (apparent by the "cautious" volume seen today), look for a surge towards the end of today (Friday) in anticipation of the good news to come on Monday - check out the recent trading patterns. Really final note. Everybody, if not already, should be pretty horny at this point. However, remember that it took a lot of blood/sweat/tears to get here. In all likelyhood, Pyng won't hit $100 tomorrow as some may have suggested. But, couple press coverage with a sale with Nasdaq and you're talking $US 30 easy... this year.