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

To: Edward W. Richmond who wrote (3209)	1/28/1999 1:08:00 PM
From: AriKirA	Read Replies (3) \| Respond to of 8117

Stang, low teens, as anticipated ... On a more serious note, Michael, with all due respect, Pyng Technologies and Pyng Medical are at a stage where IR becomes not only an option but a necessity. As mentioned earlier by Edward, there are numerous defunct companys out there with great products. The main reason why these companies became defunct in the first place is assuredly the lack of promotion (of the product as well as of the company). I am not saying that this is the case with Pyng, however, one must realize that, without us, the investors, the F.A.S.T. 1 would still probably be in the development stage, thus, a prototype. Management has, until now, done a great job in establishing quite a network of business relationships (J&J, Acute Care, Smith & Nephew, and so on). However, one must seriously put in doubt Pyng's ability to accomplish both aspects of being a public company: bringing a product to the market and informing the shareholders of the company's progress as well as promoting the product and the company. I personally think that with the individuals that PYT now has on it's board of directors, IR would be best left to an organization that has some experience in said field. I am confident that the directors would be better off concentrating on their own particular fields, thus, maximazing their talents. I noticed that someone decided to sell their holding (which accounts to 15,000 shares) today which caused a decline in share price. Let's presume that this individual decided to sell these shares at market. Looking at market depth, the stock price would be around $1.50. It is psychologically very frustrating for an investor. $1.50 because of 15,000 shares. Now let's presume that a couple major shareholders (and by the latter, I am referring to the individuals that have bought their shares on the open market, or in other words, those who can be considered as a 'free float major shareholder') decided to bail out right now, I can assure you that it wouldn't be a pretty sight. To be very honest, we need some new blood. Most of the investors that have been with the company since the get go, are getting very impatient. In other words, they are losing their patience (not their patients). I just hope that you realize what is best for the company. I recognize that you are very talented when it comes to establishing business relationships, however, I must underline that most of the PYT shareholders that I have had the chance to interrelate with, have shared my disappointment when it came to IR. After all, you will be the biggest benefactor of said actions. From a concerned shareholder AK