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

To: Allan F. who wrote (1287)	3/20/1998 5:25:00 PM
From: Andre Bain	Read Replies (2) \| Respond to of 8117

You say Pyng ran up on a promotion? Do you call the factual news releases issued by the company promtion? I don't. Do you call the company's web site promotion. In a limited way I guess it is. Lack of promotion is this companys ONLY problem. Scotty Grubb and Peter Shandro had the job until last year. They did an ok job considering that the company was in a more developmental stage. The reason Jacob's gave for firing them was "stock manipulation". (They were paid in share options). The next outfit, Frontline Communications only lasted a month. The firm now in charge of PR is called Raventures out of Toronto (416 860 1371). Mary Webster and Keith Bullen are in charge of the account, but seem to have a limited mandate. (Logo creation, attending the odd industry conference and helping get a TSE listing). I called them during the halt and they didn't know what was going on. Keith puts out something called the Bullen Report. Haven't heard of it either? My point exactly. Don't expect anything to change. I was the only shareholder at Pyng's annual meeting and chastised Jacobs for lack of promotion. He said that preserving cash was more important. Know why? Because he knows that no matter what happens short term that he is going to wind up being a very rich man and so are shareholders who loaded up early and held on. I have been a shareholder since mid 1996. (33,000 shares) The fact that Pyng trades on the screwy VSE is a gift. On any larger exchange their shares would be a lot dearer. Pyng is a very well run company and there is tremendous interest behind the scenes in their product. I can't fault people for taking profit,, but I believe that the sidelines are a riskier place right now because WHEN a contract is announced it will blow through 6.70 so fast there will be few sellers.