First American Scientific Corp. (fka FASC)

[Net-Man]

Sam - I don't have any cost numbers associated with the stock merge. In the scheme of things it probably isn't an impairment to getting it done though. Brian and Cal made loans to FASC and also left wages due on the table. Those were converted to loans, as well. The last reported in 2012 was a total of approximately $1.7 million.

My thought is to convert whatever is due to equity. So a 1:10 RS would bring the outstanding down to <20 million shares. If the authorized is brought down to 30 million, there would be sufficient shares for the equity for debt swap along with shares available for future business expansion. And I have some very specific revenue projects the shares would need to be targeted towards before I could vote for any of this.