To: The Warrior who wrote (1234 ) 3/19/1998 9:53:00 PM From: Justin Curran Respond to of 8117
<sigh> Another new member, first day on S.I., first post ever and he is slagging Pyng. Are we noticing a trend here? I welcome debate on Pyng, but I've never seen this many hostile newbies pop up on one thread, whose very purpose for joining S.I. seems to be to attack this stock. I have no idea why this is happening. Anyone care to speculate on the cause, or perhaps you guys could fill us in? Anyway, to the counterpoints.... The main complaint of the anti-PYT group seems to be the absence of sales. ProTrader, you have stated this many times. And the fact is you and the others are correct, as of this time their are no sales. What you must consider though is the ordering numbers that have been approved by NATO and the U.S. ARMY. Do you think they would set up the mechanism for ordering the FAST1 if they had no intention of placing any orders? These ordering numbers show a clear intention, by both these organizations, to place orders once field trials have been completed to their satisfaction. The fact is this stock has gone up in anticipation of sales. If this upsets some of you I am sorry, but that is the way the market works now. Look at Amazon.com, they took a loss last year but their current market cap is 1.8 Billion and the stock continues to move upward. How about Yahoo? or Ballard Power?(began life on the VSE by the way) P/E's of 4193 and 1870 respectively. What do these companies have in common, (besides some would say being overvalued <g>) people are driving the share price up in anticipation of what they will accomplish in the future. I'm not comparing Pyng to these companies(or MSFT for that matter, nobody should be compared to MSFT) but most people on this thread, myself included, belive in Pyng and belive that great things are in store for them. We are buying the share according to the potential of Pyng and it's product. O.K. next, your point about some "smart entrepeneurs coming up with a competitive product" The fact is people have been working on devices to achieve intraosseous infusion for many, many years. Only Pyng has developed a product that works. Their are only two other devices that have been tested by other companies. One takes a doctor 20 minutes to use, the other resembles a giant metal corkscrew. Pyng literally has no competition, and a 17 year patent to insure things stay that way. Bottom line, this device will save lives. If your veins have resessed due to shock from an injury(in accident or combat), it will enable the paramedics to give you blood. In most countries Hospitals are required by law to provide the best possible medical devices for patient care. To do otherwise would open themselves up for potential lawsuits. If this device is accepted by the U.S. Army and is proven to save lives, then it will become standard issue in every Ambulance and E.R. in Canada, America and Europe. How that for a potential market? As always, good fortune to PYT shareholders. Justin Curran