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

To: m. jacobs who wrote (3414)	3/10/1999 1:58:00 PM
From: Barry Moss	Respond to of 8117

Michael, There seems to be a growing sense of frustration on this thread, not from PYNG bashers, but rather from long term shareholders. We believe in your product otherwise we wouldn't have bought PYT or held on this long. I recently bought additional shares since I believe that the price is too low. On the other hand, you must be able to understand that on the basis of your earlier comments and press releases, we expected that the FAST1 would be finished field trials and be in volume production by now. Perhaps you expected this as well and are just as frustrated. As an engineer I understand how projects don't always stick to the schedules we had hoped for. Or perhaps the FAST1 is tracking along just as you had always planned and in our enthusiasm we read more into your comments than we should have. In any case, I'd like to make sure I have a clear picture of where PYNG is heading and when it should reasonably get there. So here are my two simple questions: 1. Based on a linear interpolation of field trial usage to date, when will the 150 usages be completed? 2. Assuming no more than minor design changes are required as a results of these trials, how long will it take to put the FAST1 into volume production after the completion of the 150th use? If you can give us reasonable answers to these two questions (feel free to give a range of dates), I would be tempted to even further increase my Pyng holdings. I don't think its unreasonable for you to set some conservative goals that investors can use to measure Pyng performance. But if you cannot provide this level of information, I may need to start selling at least a portion of my shares to take advantage of other more immediate opportunities. I've been a big fan of Pyng and the FAST1. This is one of the first stocks I invested in when I started moving away from mutual funds a couple of years ago. But the time has come to ask some quantitative questions and I don't think its unreasonable to get answers after waiting this long. I know I wouldn't last long in my job if I couldn't answer these questions and we wouldn't have many customers unless we could provide reasonable delivery schedules. Regards, Barry Moss