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

To: Sapper who wrote (3382)	3/8/1999 12:01:00 PM
From: Jack Rayfield	Read Replies (1) \| Respond to of 8117

Shhhh Sapper All we need now is the issue of some more stock options with a strike price this low and then we will get to see how much interest there is at C$1.50 or maybe C$1.25 which is were I started following this stock last January. I understand the need for the use of stock options as a supplement to compensation at Pyng but to issue them or reprice existing options at this level, I think would be taken very negatively by the investment community which already appears to be incredibly reluctant to give Pyng any credit for incremental progress toward stated goals. JMHO

To: Sapper who wrote (3382)	3/9/1999 6:23:00 PM
From: AriKirA	Read Replies (1) \| Respond to of 8117

Hi Sapper, Rereading the 100 or so last posts, I noticed that no one had answered your question regarding the PP. Here is the PR that should provide an answer: Monday Sep 28 1998 Mr. Michael Jacobs reports The company has agreed to issue, on a private placement basis, up to 400,000 units at $1.96 for $784,000. Each unit consists of one share and one warrant to acquire an additional share for two years from the date of closing at $1.96 per share in the first year and at $2.26 per share in the second year. The proceeds will be used for manufacturing and marketing the F.A.S.T. 1 intraosseous infusion