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

To: Edward W. Richmond who wrote (3826)	5/22/1999 2:05:00 PM
From: AriKirA	Read Replies (2) \| Respond to of 8117

Hi Ed, I think you know how I feel about you sharing all this knowledge with the thread. I greatly appreciate you taking the time to post all this great info. Once again, many thanks.... I noticed in your last message you posted To management's knowledge, no competitor has made a major sale of a competing device for use by the military in Kosovo. I am kind of uneasy with said statement. There seems to be 2 disclaimers here. Does it mean that management is aware of orders comprised of smaller quantities? What level of knowledge are they referring to? Have they seriously looked into this aspect? It is obvious that the army will not tell Pyng's management that they have decided to order XXXX quantities of the Jamshidi or the SurFast... But if as you state, management is not anxious to receive specific orders at this time due to finalization of the design, I wouldn't be surprised to see the army contact one of Pyng's competitors for an order. Now, IF the army had approached Pyng for an order of a few thousand units and Pyng couldn't or decided not to provide said number of units (maybe due to their inability to manufacture that many number of Units in such a short time frame) wouldn't you be worried that the army would think twice about contacting Pyng once they are in a position to mass produce. Kind of like a MM - brokerage relationship. If the MM cannot provide the number of shares that the house is looking for, you can rest assured that that house will initially contact another MM from that day on. If the MM delivers, they will keep doing business with the latter. Now about the AB Korelin & Associates situation, might I suggest to management to change firms... I know if my firm ever forgot to file a quarterly report forwarded to us by our clients, I would definitely consider that as being totally UNACCEPTABLE. As professionals, things like that should never be overlooked! AK

To: Edward W. Richmond who wrote (3826)	5/23/1999 2:20:00 AM
From: Edward W. Richmond	Read Replies (2) \| Respond to of 8117

Tour of Pyng's Operation - More Miscellaneous Questions 1. Management is planning on sales in situations where IV failures have occurred. However, they are aware that there is now more use of the device in emergency rooms. In some cases, FAST1 is the device of choice. 2. The new training Video/CD/DVD (I didn't ask about format.) is in process. 3. Management does not see being first to market as a big deal. If a competitor goes to market with an inferior product and this creates more awareness of intraosseous infusion, their perception is that this will help FAST1 when it goes to market. I have difficulty accepting that it will be easy to dislodge a competitor who gets to market first. Example: Pure Energy or Renewal rechargeable batteries, which most of you have probably never used, are, in my experience, far superior to competing brands. However, the company, Battery Technologies, is finding it almost impossible to penetrate the market. The company, as reflected in stock price, is in trouble. While this may be an extreme example, I want to be first to market. If we can't be first, I don't want a competitor developing relationships with many of our potential customers before you have our product available. 4. There appears little likelihood that there will be a takeover bid by Johnson and Johnson. I suspect that there may have been some approaches, but I don't believe Pyng is in play at the present time. I expect that the valuation of the company in a year or two would make the decision to sell now a negative for shareholders. 5. There are three or four others products awaitingdevelopment. However, they will wait until FAST1 goes to market. 6. The current staff has the expertise necessary to oversee the management of the volume production of FAST1. I don't see another production manager being hired. I have address directly or alluded to all the questions I received. Some answers may have been a little vague when one answer addressed several related questions. If you need clarification, I'll share the information that I do have. I'll share some personal perceptions and decisions and then address issues from recent posts later. Regards, Ed