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

To: GWD who wrote (3386)	3/9/1999 7:40:00 AM
From: Grant MacMillan	Respond to of 8117

Personally, I think the market is waiting to determine if there is a market for the Fast1. On paper it looks great, but it has been over a year and the company hasn't even achieved 150 trials. I know a company with supposedly great products, which has only been able to generate sales of about $500,000 a year, while operating costs are about $1,500,000. So, until Pyng releases news about orders, including how much, my guess is that we're stuck here. Certainly not what I expected a year ago. GM

To: GWD who wrote (3386)	3/9/1999 1:02:00 PM
From: AriKirA	Read Replies (2) \| Respond to of 8117

"Stocks do not sell for what they are worth, but what people think they are worth". A stock is only worth what the next buyer is willing to pay. Just take a look at EBAY. After the 3-1 split at the $300 mark (last Monday), it is now trading at $175. Who would of thought ... Analysts were saying that the stock was overvalued at $50. As to your question, yes I do think that Pyng would still trade at these levels even if we don't get any orders from the army. The civilian market has a much greater growth factor. However, some military orders would more than accelerate the civilian process. Moreover, Friday's announcement should also facilitate Pyng's ability to pierce the civilian market. Kind Regards AK