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

To: Edward W. Richmond who wrote (3834)	5/23/1999 8:59:00 PM
From: Edward W. Richmond	Read Replies (1) \| Respond to of 8117

Tour of Pyng's Operation - Some Personal Observations and Decisions We went on the tour with the full knowledge that there have been major disappointments and frustrations with target dates, stock price etc. We understand some of these frustrations first hand. Our purpose was to evaluate the company and its current operation and to make a decision about our future involvement in the stock. If we didn't like what we saw and heard, we planned to politely leave and begin unwinding our positions in the stock. We would consider it tax-loss selling. However, based on our observations, we will hold and possibly add to our current stock position. Our conclusion is that the risk/reward ratio is in our favour. This stock is not a slam-dunk. We will continue to monitor developments very carefully. We have been adding to our position recently and feel comfortable with our decision. (Mind you, for seniors, our risk tolerance is fairly high.) More later… Regards, Ed