Pyng and BPI Industries
For those of you who are not already aware Pyng
Medical Corp is 10% owned by BPI Industries (BPR/V). BPR is a producing oil/gas company currently trading near 52 week lows. The volume has been very low but today a cross of 60,000 shares went through at $2.15. BPR has about 10 million shares out and own approximately 800,000 shares of Pyng Medical. I'm not sure but it may be possible for them to have additional options on Pyng. Nevertheless, If Pyng becomes as successful as I think it will we can see BPR move with it. In
the February 27th news release from Pyng, "Pyng
Technologies: F.A.S.T. Accessed through NATO
Cataloguing System" the company declares, "Pyng
Medical Corp. is 90% owned by Senior Board Listed
Pyng Technologies Corp. (PYT.V) and 10 percent
by B.P.I. Industries (BPR.V) both listed on the
VSE. As of today BPI's investment has already
increased by $3 million since January/98. The
company may have struck oil yet again!