First American Scientific Corp. (fka FASC)

[TRCPA]

troutkinglives........Selling 1 1/2 KDS per month should conservatively yield $5.5 million in sales (@$300K+ each), with about half of that going for manufacturing/cost of sales.......leaving $2.75 gross profit.

Current G&A costs including salaries are probably about $300K, add depreciation/non-cash expenses, and you probably have $500K total expenses at the very maximum.

$2,750,000 (Gross Profit) - $500,000 (G&A Expenses) = $2,250,000 profit. (No taxes due to loss carryforwards).

It would probably take another $150K to get SEC-related expenses paid, including attorneys and auditors, which would, subtracted from the above, leave us $2,100,000 profit.

I think 20 would be a more than reasonable and conservative p/e in this instance, which would then calculate out as follows.....

$2,100,000 X 20 p/e = $42 million market cap

$42 million market cap/200 million shares = pps of 21 cents/share.