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

To: Edward W. Richmond who wrote (3710)	4/27/1999 11:12:00 PM
From: LOR	Read Replies (1) \| Respond to of 8117

PYNG's SI Forum is for EVERYONE Hi Ed, I consider your response to be polite and expresses genuine concerns. Let me address your concerns on a point by point basis: 1) " My concern is that the tone of your post is not necessarily constructive in that it certainly, in my opinion, does not promote further communication from Pyng management. " Response: Ed, I have long since given up on "PYNG management for anything other then a "fantasy" view of where the company is now and where the company will be in the "near" future. If PYNG decides NOT to post further information to this site because of me then I guess PYNG doesn't think very highly of the other members of this forum who just purr with contentment at any of the comments made by Mike, Doc Johnson or whoever bothers to post next. Smarter members of this forum should be able to draw the appropriate conclusions if PYNG walks away from this forum because of a few folks with more critical viewpoints. Personally, I shall continue to monitor PYNG's dismal performance from "independent" sources and suggest that your financial well being might improve if you did the same. 2) " It is unusual that management of any company post messages on any internet forum. I would prefer to see this communication continue. Although I didn't post my appreciation to Michael Jacobs for the latest posting, I do agree with those who did." Response: Although it is still a bit unusual for company's to post to internet forums it is becoming more popular as CEO's and managers realize just how many people out there are tuning into such forums. After all, as another means of communicationg with potential investors it is hard to think of a more cost effective way of drumming up interest in a company's products. However, it cuts both ways. You can have a "love fest" with public forums only for as long as the information that you have provided is reasonably accurate and/or the forum members are willing to accept your explanations of why targets have not been met. Once you try to fluff off poor performance you open yourself to the forum members who don't take kindly to BS predictions and/or implications. I definitely am in this last category of PYNG investors even though I think the FAST-1 is a great product and should "some day" make it to market. In the meantime I don't think M.Jacobs and company deserves to have their cake and eat it in view of the very poor performance to date in bringing this product to market. " I don't know why management doesn't ignore this forum and spend their time on other pressing issues. Why face the hassle of ongoing questions that arise out of questions that have been answered or that would be considered insider information? " Response: I suspect that PYNG management appreciates this forum more then you may think both for the chance to expose the FAST-1 to internet users around the world and to get feed back [ both positive & negative ] about the way the company is perceived by potential investors. However, I would be personally much happier if they did ignore this forum PROVIDED [as you say] they "spend their time on other pressing issues" and got the damm product to market .... something that they have not yet done in any real way .... a fact which unfortunately continues to be reflected in their dismal share price. 3) I am not an apologist for Pyng management. They have incurred their share of screw-ups along the way. However, I am convinced that the we are not far from orders and I stand by my August 2nd date for 10,000 units ordered. I don't take your comments about gullibility personally. However, I do have a question that you may deem to be personal and inappropriate. Please feel free to ignore it if you find it insensitive. Have you ever shorted Pyng's common stock? All the best in your investments. Response: Although I obviously can not prove it to you, the answer is NO, I have never shorted PYNG's common stock. When I originally invested in PYNG some time ago I established a maximum amount that I would be comfortable leaving in PYNG for an approximate 3 year period. I do this for all speculative stocks in my portfolio. I then invested 50% of that maximum in PYNG stock and evaluated the company's performance on a continuous basis with the idea that if I like what I saw I would invest the balance of the 50% over time during price dips and/or when I became aware of news which I felt would have a positive impact on share price. In this case I was concerned enough about the lack of accuracy of PYNG's information that I never invested the balance of the 50% I had earmarked for "potential" investment in PYNG. Frankly, I wouldn't consider buying more shares unless the share price were to fall to the $ 1.00/1.20 level at which point I would be prepared to invest another 25% of the above max knowing full well that I might have to hold for 2 to 3 years before seeing a respectable return. In the meantime, I have increased my position in PYNG by selling part of my original PYNG portfolio and then buying back more shares for the same money when the price dropped. I have tried to answer your post honestly and regret that you feel my candor will negatively affect this forum ..... However, accepting the right to express differences of opinion is one of the corner stones of western society and are in my opinion essential to arrive at the truth. Best regards, LOR ...... PS Nothing could make me happier then to discover that I am all wrong and Mike is right with his wet dreams of achieving US $ 98.50 for the FAST-1 on "soon to be received" FAST-1 "mass production" orders. You will pardon me if I do NOT hold my breath !!!!