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

To: coyote who wrote (2034)4/18/1998 12:47:00 PM
From: esxtarus  Read Replies (1) | Respond to of 8117
 
i thought there was 7.6 million shares out. i found this on the V.S.E------Securities for Pyng Technologies Corp.

------------------------------------------------------------------------

Pyng Technologies Corp.

General Information

Symbol: PYT

Status: Trading
Section: Advanced
List Date: May 19, 1988
First Suspension Date:
Second Suspension Date:
Reinstatement Date:
Exempt: No
Index Eligible: Yes

Capitalization

Issued: 8,916,151
Authorized: 100,000,000
Escrow: 3,750,000

Pricing Information

Last Price: $4.45
Traded on: Apr 17, 1998
Change: down $0.30
Current Bid: $4.40
Current Ask: $4.50
Volume: 40,375

Apr 17, 1998Last YearThis YearThis MonthHigh:$4.85$4.00$6.70$5.50Low:$4.45$1.05$1.20$4.45Close:



To: coyote who wrote (2034)4/19/1998 2:44:00 PM
From: Grant MacMillan  Respond to of 8117
 
IF a share offering was only to insiders, then a low price is desirable to the purchasers, but not the company or the other shareholders, as the lower the price, the more shares there would need to be issued to raise funds (200,000 @ $5 vs. 1,000,000 at $1 to raise the same amount of money). If insiders had the resources to make this product fly, then it would be a private company, not public. I think the funds they require will have to be found on the open market, meaning that, if the insiders want to minimize the eventual dilution of shares, then a higher price is in their best interest.

GM


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