TRCPA - Add to your list the zeolite project with Canandian Mining (soon to be renamed to Canadian Zeolite).
My earlier post was to point out the issues with conducting business and to put a more realistic revenue number out there. Several posters are under the mistaken belief there are millions of dollars being made by FASC that have found their way into insiders pockets. That's just sill, of course. FASC is currently operating bare bones and may be making a small profit. There are several opportunities they are working today. Several of those have been ongoing for years. The overall problem has been getting these opportunities converted to actual sales. That does not always translate into poor action on the part of BN or Adam, but more about how the market works. Unfortunately it is a very slow market.
Take for instance your reference to QL Resources. We know they are currently using 4 KDS's in their palm pellet operation. Many years back now they indicated they would be buying up to 20 machines. Well that hasn't happened (yet) and it is easy to see why anyone looking at the facts would come away less than inspired. The real world does impact sales and in this case QL's Indonesian palm plantation is just now maturing, which will lead to a huge amount of waste material. For those interested, their plantation was first planted 5 years ago.
Will this lead to QL buying more KDS's? It would seem so especially given the expense and time they invested in getting CDM certified. While selling machines through FASC/M would be good news for FASC, more direct sales elsewhere would have a much larger impact. CEA for one.
So the next steps that I recommended to BN is to consolidate shares (1:10), reduce the authorized (30 million), and swap equity for debt in order to clean up the balance sheet. Next up and always the bigger issue for FASC is to increase revenues. The zeolite project would be a game changer for FASC since it would bring in steady revenue. Other revenue streams would be beneficial, as well. If BN followed my recommendations FASC would be able fund some of those projects by issuing new shares once re-listed. All of this is moot though if he is not able to get orders for several machines over the next few months: CEA, TRoy, others?
A few unknowns for now, but BN may be able to jump start the revenue picture and the company become public again and in a much better place.
