Last week I followed up with Brian on many issues. While he provided some insights into what the company is working on, he also cautioned that anything we spoke about would be unofficial and incomplete. With that as a backdrop, my first question was to confirm the St-Malo sale to the eqq producer in Quebec. He has received a "small deposit" for a machine. Interestingly, FASC is currently working with a large US egg producer that may be close to a purchase. Brian was also aware of the 2 sawmills that Lakson is working with that may lead to additional sales. The Mexican company that purchased a machine a few years ago has indicated they are expanding and will be looking to add an additional machine.
Summary
Quebec egg producer - deposit
2 Canadian sawmills - machine demo required. Plan to visit US operation before final decisions
US egg producer - unknown (by me) timing and quantity
Mexico - 1 machine
St-Malo - 1 machine
1 machine sold
5 possible
There is nothing new to report on QL at this time. (Look for more specificity from QL's financial reports next month)
I did not follow up on SCA.
Brian is working with the auditors to get the financials completed and filed.
As is often said, nothing happens until it happens. However, My first observation is there is more activity today than in the recent past. FASC appears close to receiving multiple orders from several purchasers. The timing of these orders, if they do take place, will likely be spread over 3-6 months. One area that was of particular interest is the financials being worked on. I see this as a very encouraging sign given the expense of getting them done. If Brian is willing to spend the money to do this, he must have a high level of confidence in the potential sales. This will be a very positive signal once the financials are filed.
fwiw,
Net-Man
