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

To: Grant MacMillan who wrote (3696)	4/24/1999 10:52:00 AM
From: Lola	Read Replies (1) \| Respond to of 8117

Hi Grant, I'm stalking you! LOL I made some serious money on Pyng in years past. I traded it a year ago for a 40% gain in 2 weeks (that's pretty exciting for a Canadian stock). I didn't even need the money, it was a real bonus. I sent my profits to my crazy brother-in-law who was working as an undercover missionary in Pakistan. Imagine that, it's the only place in the world where it is illegal to be a missionary. He insists that it's God's will! He got into some hot water over there when he blew his cover. He was broke and they drove him to the airport and said get the hell out of town Christian dude! It was either that or the jail cell in Pakistan (YUK YUK). It would not have been pleasant for his wife and small child who were with him as well. I think Pyng management purposely doesn't want to hype the stock. Most of the stock is owned by insiders anyway. The stock is good and has a great future but it sucks as a good trading stock. You can't trade it for a profit no matter how hard you try. The only thing you can count on these days is that it might go down some more (below $1Cdn would be nice). They have a great future though. I would keep a close eye on them. Some smart newsletter writers are going to pick this one up one of these days. Being on the VSE doesn't win Pyng any points though. When the Canadian markets turn around, Pyng will be an awesome play. But for now , the stock continues to slip into oblivion. We'll play this one again soon I hope. Lola)

To: Grant MacMillan who wrote (3696)	4/24/1999 12:22:00 PM
From: Edward W. Richmond	Read Replies (1) \| Respond to of 8117

Grant, I also would like to PYNG appreciate in price now that I have most of my purchases in place. Yes, I would like to see stated time targets met. However, I am not in panic or terribly negative about Pyng's operation or management. Some points to consider. 1. We have a potential block buster product. Even the FDA agrees. 2. As the holder of perhaps too many micro-caps, for me it is almost a given that targets will be missed, especially when you are developing a product that has to be almost perfect when volume production begins. 3. Communication from most companies, even smaller companies is often minimal. My experience is that it is very unusual for a company to comment on a thread. Indeed, it can consume a great deal of time that could be used for other purposes. Management's answer to one question can easily generate several new questions. 4. Time lines are dangerous because there are too many unknown factors, particularly when you are starting a product/market from scratch. I think Pyng management should provide no guidance on time targets. They are too risky and can cause contention. 5. It is easy to be negative about perceived failures of management, particularly when the stock languishes. However, beating up on management, in my opinion, is not too likely to accomplish much except to have the company cut off all but official communication with shareholders. We may already have that situation. In my opinion the company, under the present management, has brought the company a long way in getting a product ready for market and in the planning for going to market. I have no doubt that it will get to market this year and that we will have received orders totaling 10,000 units by August 2nd this year. Orders before volume production, in my opinion. I attended the Vancouver Technology Investment Forum where Pyng was a presenter as well as an exhibitor. In my opinion, the presentation was credible in spite of getting 7 minutes less than the scheduled 30 minutes. For me there was not a lot of new information. However, the message reached another segment of the investing public. As I stated in an earlier post, orders are the necessary condition for any significant stock price appreciation. I am confident enough to sit on my current position and perhaps add a little if the stock drops significantly. I hope Pyng management will choose to continue to post on this thread and that they will be accorded respect as they do so, whether or not we like the message. This ramble is too long already so I'll try to find some information from the Forum in another post. Best regards, Ed PS. I take a great deal of comfort that Pyng management is a significant net buyer of the stock.