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I haven't had any problems calling them. The line may be busy at times, but I get through eventually.
Ask for a copy of what? The the last 7 years of financials that was to be filed with the SEC; which hasn’t been submitted because 1) They couldn’t “afford” to pay an accountant to put it together and 2) They couldn’t “afford” the filling fees to submit ?? At this point I don’t need to hear about how things are in the pipeline and good times are just around the corner. I don’t need to read anymore how they are sacrificing/donating their time and talents just to keep the lights on. Nor do I need to hear about how they have everything to gain to get relished because of all the shares that they had issued themselves over the years. From my perspective, and it is only a gut instinct, they are probably personally profiting more from running an unlisted company than they ever would trying to sell all those diluted shares.
That's if they ever answer the phone.
Or...you could just ask to get a copy.
I think the only way we will ever know is if they are investigated by the sec or some sort of class action lawsuit is filed.
Looks like they have a lot of respect for their "legal responsibility" as I believe that their last annual report was filed in June 2011.
There is lies the conundrum. FASC is registered (or at least it was) in Nevada. They have a legal responsibility to report to shareholders.
Since they are not obligated to report anything, we may never know.
reclaimer - I would be doubtful of that on all accounts. While I still believe that FASC can make it, they are very much in need of the big sales that are in the pipeline. I doubt there are "big" salaries getting paid. More likely they are just limping along for now.
Why would they? From the reports of others here, they are still selling machines and bringing in money. Probably paying themselves a hefty salary. Seems like they have a pretty good thing going.
Netman, but there must be a few minutes
during the days at the office for them
to feed the owners (us) a few bones
of information.
And hope.
Ya think.
Still holding.. 20 years later..
Hard to say. They are still in the office every day and have optimism that sales are about to take place. Human nature would be to run away if there was no hope. The fact they are still there does say something. Assuming they aren't crazy, just maybe...
I would seem the only people still profiting are the few running the show.
It has looked that way for a long time.
Hope is a strange thing.
I am sorry for the lost hope here. I think that we all have lost many $$$$
Come on guys. Somebody say something. Its been days.
Yes! I sure would like to have a report
and video of what is going on with regards
to this new super contract that was forecast
to generate lots of KDS sales several months
ago.
An update with some names pictures dates...
I hope that my fears are unfounded in regards to China. It is time for something good to happen for FASC and it's shareholders.
You have a point. It has been discussed
long ago. Question is whether to spend
money and effort stealing the technology..
or just buy the KDSs already built?
OR... Buy the company.
China has a nasty reputation of just stealing technology . There is a chance they would just build their own machines and leave FASC holding the bag.
Lake Chad? Video of KDS. The 6th video down the
screen.. talking about the Lake Chad project
shows the KDS in operation. Is it really
part of this huge undertaking? Who know
but there it is.. looks like about year
and 1/2 ago.
It seems like this is stuff that should be on
Micronex FaceBook page.
Here's the video:
http://www.biodeposit.lv/
Lake Chad - Can we assume (HOPE!) that the 7 huge "factories"
talked about [at 3:10] contain KDSs to help create
the millions of tons of profitable "BioDeposit"
fertilizer?
WOW! Maybe China will buy FASC! Be sure to
watch the 2nd video (It's about the KDS -
(
This project is right up the alley of what
China is trying to do to improve the
world.
Maybe they will see the massive potential
of the KDS.
The only thing now is the fact if fasc is joining the project because up till now it is mainly China and Italy.
Save Lake Chad? Source?
Save Lake Chad' meeting opens in Nigeria
February 26, 2018
Yup! There it is fixed: https...
https://www.facebook.com/MicronexSystems/
Micronex Systems was nice enough to send me a message on FB saying that they've corrected the URL and thanked me in the process. Best of luck to them!
Thanks Charlie. EOM
Sad Pepe, I believe you'll see that corrected very soon. <eom>
I think we have hope. I am holding forever.
What kind of ignore? eom
I guess no one on this board has the "willingness" to get any answers to machine sales in 2017. I just get ignored by the company.
I am less concerned about the page's functionality and more concerned that a prospective client will look at the page and think to themselves that the people running the show are bumbling fools.
Ahah! Nobody ever types all that in anyway. Just type
in Micronex (or Miconex) when open FB and goes right to
proper FB page.
When my FASC stock gets to $1, I will take
some of the money and change that.
Ya think.
Test:
https://www.facebook.com/MiconexSystems/
It's in the URL. EOM
It's Micronex on my FB. Do not know what
you are talking about.
FYI - Brian Nichol's daughter has a FB page.
https://www.facebook.com/jodi.n.rempel?lst=100001009879685%3A659485637%3A1519556219
I've message them and posted on their page about the FB site being facebook.com/MiconexSystems. My PM did not get a response and my post was deleted.
I sort of would have assumed it included
KDSs.. or why even tell us about it.
I watched it last night and was disappointed. It was more about biomass to biogas using digesters - no pulverizer needed (or at least not shown).
PS - New video on FB site - https://micronexsystems.com/biofuel/
PSS
I did not specifically see our KDS though.
BIOMASS - It looks like they mean business. I can't wait to
start trading our stock FASC again!
New video on FB site - https://micronexsystems.com/biofuel/
Relist? If/when things are going good enough
to re-list the stock, it should open trading
at at least $dollar.
Thanks Netman. Sure seems like a lot of
things happening across America and the
world that could use a bunch of KDSs..
of all sizes.
Sam - I believe your assessment of sales being announced at any moment is real enough. My guess is it will be some time before the shares are relisted. In the most optimistic view I have, it would take a minimum of 6 months to relist once Brian decides to move that forward. Can it happen? I believe so, however I would think several machines will need to be sold before he makes the move.
I expected something to have happened last fall. Since then I have also discovered the reason for the various delays. All straight up business issues that needed to be resolved, which apparently have been. Still no word on when orders will be made (paid for) with FASC. Some unknowns at this point.
At any given moment FASC could
announce completion of these massive
new KDS Project sales deals.
And we would all be overnight
millionaires. ("will")
Ya think....
All,
Would someone who Brian and Company will answer the phone, please call and asked them how many units they sold last year and what do they make in gross profit on each machine by S-Type.
This "FBI Game" we are playing is just crazy. We put good money into this company and they have travelled the world looking for the "fountain of youth". Time to come clean.
How long does it take to delete 2016 data and add 2017 data?
Or is all this "big project news" just "Fake News" as President Trump would say.
With 17 dead people in Florida because the FBI does not have the time to properly do their job and the "big over blown deal" of 13 Russians trying to mess with your elections, this world is going to "hell in a hand basket". The Russians have been messing with free world elections since 1917. Ask the Germans, Poles, Brits, and the rest of the free world.
Give me the old days where men were men and sheep ran scared!
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First American Scientific Corp.
Innovators in Grinding and Drying Industrial Feedstocks
First American Scientific Corporation manufactures and sells the KDS (Kinetic Disintegration System) Micronex
The KDS Micronex grinder-dryer employs intense kinetic energy to simultaneously pulverize and dewater a wide variety of virgin and recovered materials into fine dry powders. The innovative vertical shaft impact mill design incorporates high rotational speed and high velocity air flows to achieve superior grinding and drying results without requiring supplemental heat.
Addition of supplemental or waste heat may be used to increase machine throughput. The energy used for drying can be as low as one-third the energy used by a drum dryer and no secondary grinding process is required. An internal classifier in the unit controls the output particle size to between 100-2,000 microns.
The production rate ranges between 1-4 tonnes per hour depending on the raw material characteristics and moisture removal required. While many conventional grinding or milling systems require dried feed material, the KDS Micronex can process materials containing up to 70% moisture and can reduce them to less than 10% moisture.
The KDS disintegration technology is patented in the USA, Canada, UK, Europe, Mexico, Australia, New Zealand, Japan, Malaysia, Korea and China.
The KDS Micronex system is marketed in various sizes and each model is customized to the buyer's requirements. The basic models are the S4, S6 and S8, plus there is a table top model designated the S2 and possibly an S3. FASC's licensees may use different names (e.g. MF-777 in Malaysia).
The acquisition cost of the model S8 varies from $300,000 to $400,000 depending on the application, auxiliary equipment, and the version chosen.
State of Incorporation: Nevada
Current A/S: 200,000,000 (Increased from 100,000,000 - March 7, 2000)
Current O/S: 199,952,195
Company officers information compiled from SEC filings:
John Brian Nichols, 77
- President, Treasurer, Chief Executive Officer and Sole Member of the Board of Directors
- Shares owned: 4,981,700
Cal Kantonen: DECEASED (February 1, 2011)
- Was Chairman of the Board of Directors, Chief Financial Officer, and Treasurer
- Owned 8,580,000 shares at time of death. Current status of estate unknown
Kelly Niavis, 39
- Replaced Cal Kantonen as Chief Financial Officer on January 26, 2012
Companies marketing the KDS (click on logo to visit its site)
Videos
FASC videos
BioDeposit videos
Wikipedia
FASC
KDS Micronex
Media
FASC's Home page
FASC's pictures of KDS installations around the world
Micronex Systems Inc. Home https://micronexsystems.com/
Micronex Systems Inc. Twitter https://twitter.com/micronexsystems?lang=en
Micronex Systems Inc. Facebook https://www.facebook.com/MiconexSystems
Companies involved with the KDS include:
Japan
JP Steel Plantech Co. / Kitagawa Iron Works Co., Ltd.
October 2005 JP Steel Plantech Co. named exclusive licensee in Japan
Certification (#0856) of the KDS Micronex as a waste water treatment device
KDS in use at Biomass Recycling Center Inc. in Okinawa Prefecture. The recycled wood waste will be co-combusted with coal.
From April 2012 Kitagawa Iron Works Co., Ltd. will be producing and selling such equipment.
Malaysia
QL Resources
June 2004, 50/50 joint venture established, Noel Wambeck named as engineer to implement palm biomass projects
July 2008 Neo Tek Siong (President of FASCM) and Brian Nichols (President of FASC) announce the joint venture is granted 5 year tax exemption by Government of Malaysia
July 2008 QL Resources enters into Cooperation and Reseller Agreement with First American Scientific Corp. (M) Sdn. Bhd. ("FASCM") to be their authorised reseller of KDS MicronexTM ("KDS"), a patented grinder-dryer in Malaysia, Thailand, Singapore and Indonesia.
"QLPP also entered into a Technical Collaboration Agreement with Ulimec Sdn. Bhd. ("Ulimec") through its designated specialists in attendance, Neo Teck Siong ("Neo") and Noel Wambeck @ Nurehsan bin Abdullah ("Noel") (collectively referred to as "Consultants") to engage their services to develop and market the "Palm Pelletising System" in Malaysia, Thailand, Singapore and Indonesia."
November 2009 Managing Director of QL Resources confident they can commercialize the palm biomass pellet system in FY2011 (ending March 31)
December 17, 2012 UN CDM Validation Report for QLTawau Palm Pellet Sdn Bhd, which includes 3 Kinetic Disintegration Systems as part of the registered system
May 9, 2013 QL’s Stabilised Biomass (EFB Pellet) Project Registered!
Joint Venture and License Agreements
Malaysia 50/50 joint venture - FASC Malaysia Sdn Bhd
June 7, 2004
First American Scientific Corp. finalizes joint venture agreement for the sale of KDS equipment in Malaysia
C.L. Kantonen, Chairman of First American Scientific Corp., is pleased to announce that the Company has reached an agreement with Ulimec Sdn. Bhd. to establish a joint venture company (First American Scientific Corp. [Malaysia] Sdn. Bhd.) to operate a KDS palm waste processing plant in Kluang, Malaysia and to market the KDS equipment to the palm oil industry.
In addition to earning royalties for all KDS equipment sold in Malaysia, FASC will share equally in the operating profits of the joint venture and retain a 50 % ownership in FASC (Malaysia) Sdn. Bhd.
Ulimec and its affiliate, Sawipac Sdn. Bhd., are major suppliers of equipment and expertise to the palm industry in Malaysia and to other countries in Southeast Asia.
Japan licensee - JP Steel Plantech Co / Japan Sub-licensee - Kitigawa Iron Works Co., Ltd.
October 25, 2005
First American Scientific Corp (FASC - OTCBB) announces signing of exclusive agreement to license KDS technology in Japan
Vancouver, BC: Brian Nichols, President of First American Scientific Corp. (FASC) is pleased to announce the signing of an exclusive license agreement for manufacturing and marketing the KDS System in Japan with JP Steel Plantech Co.(SPCO) of Yokohama, Japan.
JP Steel Plantech Co. is a well established engineering company formed in 2001 by four Japanese steel industry giants ; Kawasaki Heavy Industries (KHI), Hitachi Zosen (Hitz), JFE Engineering (JFE) and Sumitomo Heavy Industries (SHI).
The alliance was created by consolidating the resources of these four major Japanese integrated iron and steel plant equipment manufacturers to lead the world in production technology and product quality. Their corporate mission is to contribute to the development of the world's steel industries, as well as the protection of the global environment. As the exclusive KDS licensee in Japan, they will marshall world-class iron and steel engineering
resources and state-of-the art environmental technologies to ensure the successful launch of our marketing efforts in Japan.
Mexico licensee - Sodif S.A. de C.V. (developer of Naturelo® earth-friendly nixtamalized corn four)
In June 2007 we signed an exclusive marketing agreement with Sodif S.A. de C.V. in Mexico. One condition of exclusivity was that they purchase a demonstration machine and adapt it to the local market conditions. The machine has been delivered and is operational.
Naturelo website
Eastern USA licensee - Cover Technologies Inc.
In October 2008, we signed an exclusive marketing license with Cover Technologies Inc for the states of New York, New Jersey, Massachusetts, Connecticut, Rhode Island, Vermont, New Hampshire, Maine and Florida. One condition of exclusivity was that they purchase a demonstration machine and adapt it to the local market conditions. The machine has now been set up and is operational. The customer is now developing applications for the paper and biomass industries on the eastern seaboard of the USA. No other KDS machines have been sold so far under this agreement.
CTI Micro-Reduction Technologies, LLC website
South Korea licensee and 50/50 joint venture - JP FASC Co., Ltd.
June 16, 2009
First American Scientific Corp. (OTCBB: FASC) is pleased to announce it has acquired a 50 % interest in JP FASC Korea Co. and signed a new exclusive license agreement to manufacture and market the KDS technology in South Korea. Operating under the name "JP FASC Co., Ltd", we will jointly, in conjunction with our Korean partner, setup a fully operational KDS processing facility in South Korea to showcase our technology.
Brazil licensee - FASC Brazil Ltda.
On November 11, 2008, the Company singed an agreement letter of intent to form a joint venture to be named First American Scientific Brazil Ltda. for the manufacture, marketing, and operation of KDS equipment in Brazil. This agreement, if formalized, will result in our ownership of 50% of a newly formed Brazilian joint venture corporation named FAS Brazil Ltda.
Latvia licensee - SIA EHT Engineering (developer of BioDeposit® organic fertilizer)
In October 2009, we signed an exclusive marketing agreement with SIA EHT Engineering for Latvia, Lithuania, and Estonia. One condition of exclusivity was that they purchase a demonstration machine and adapt it to the local market conditions. The customer has developed a unique algae-based fertilizer which it sells in Northern Africa. The first demonstration machine was delivered in 2009 and is operational.
EHT Engineering website
BioDeposit website
Patent Information
North America
Device and Method for Comminution - US Patent # 6,024,307 and Canadian patent # 2,218,429
A patent was issued for the KDS as for a "device for comminution" on November 24, 1998, and its U.S. patent number is 6,024,307 with additional patent applications filed in Australia, Canada, Europe (EEC), Finland, France, Germany, Ireland, Italy, Mexico, New Zealand, Spain, Sweden, Switzerland, and the United Kingdom.
Cryogenic Comminution of Rubber - US Patent # 6,655,167
On April 20, 2001, the Company filed a patent application in the United States to protect its research into developing a process for cryogenically freezing non-tire scrap rubber and processing in into a micro-fine powder using the KDS equipment. This patent has now been issued.
Method of Recovery of Precious Metal and Heavy Minerals - US Patent # 6,682,005
On May 4, 2001, the Company filed a patent application in the United States to protect its research into developing a process for disintegrating and separating precious metal from hard rock without the use of chemicals. This patent has now been issued.
February 25, 2009
Recovery of Fuel and Clay from a Biomass - US Patent # 7,481,385
Japan
February 15, 2010
Recovery of fuel from biomass
June 13, 2010
A Comminuting and Drying Method and its Process
Other Countries
Additionally, FASC holds patents in the UK, Europe, Mexico, Australia, New Zealand, Japan, Malaysia and Korea.
Research and Development
Hong Kong - JCL Engineering Ltd.
May 26, 2010
First American Scientific Corp (FASC - OTCBB) signs agreement with Hong Kong engineering firm to build KDS pilot project at Beiqu Wastewater Treatment Plant in Zhuhai, China
"The Zhuhai project will include First American's patented KDS pulverizing equipment coupled with JCL's proprietary dewatering filter system to be designed for the treatment of sewage sludge and other related applications in China. Upon successful completion of the trials, the pilot plant will be used as a show-case in promoting the technology in the China market. JCL will provide all personnel and resources in China to construct and operate the plant."
10-K update for fiscal year ending 06/30/11: The Company has reached an agreement with a Hong Kong engineering firm to run demonstration trials processing sludge from a waste water treatment site in Mainland China. Formal plans and documentation have been finalized and the machine has been shipped. The project, if successful, will result in the sale of one KDS machine, and could expand to include further multiple sales.
JCL Engineering Ltd. website
Prince George, B.C. wastewater treatment [PROJECT DEAD]
October 31, 2005
First American Scientific Corp (FASC - OTCBB) signs agreement with the City of Prince George to install KDS Micronex equipment for processing sewage sludge at their wastewater treatment facility
Brian Nichols, President of First American Scientific Corp. (FASC) announced today the signing of an MOU with the city of Prince George, BC, Canada to assist in solving its environmental cleanup problems with sewage sludge using the KDS Micronex system. "This will be the first operation of its kind in the world, says David Dungate, FASC's VP of marketing, where the strictly regulated Class B municipal sludge can now be cleaned, bagged and profitably sold to the public as a soil amendment." The initial runs will be monitored for three months, and if satisfactory, the city plans to establish a permanent facility utilizing up to 4 micronizers.
According to Dayton & Knight, the city's consulting engineers, "the series of tests undertaken this summer 2005 at FASC's Vancouver demonstration site confirmed the ability of the KDS Micronex to consistently convert Class "B" biosolids to Class "A" biosolids and achieved an effective pathogen destruction rate of 99.9 % in all test samples"
FASC believes the KDS Micronex could become the preferred universal solution for handling Class B sludge by converting municipal waste into a valuable resource. With the successful showcase of our system's ability in Prince George, Canada, we could see our system in use all across the developing world.
There are approximately 15,000 municipal wastewater treatment plants in North America alone that process almost 34 billion gallons of domestic sewage and other wastewater each day. In Asia and Europe the markets are even larger, and FASC is well poised to service those markets through its established network of licensees and affiliates in the U.K., Poland, the USA, Canada, Malaysia, and Japan.
Pilot Testing of the Micronex™ System to Produce a Class A Biosolids - A report by Dayton & Knight Ltd., Vancouver, B.C.
10-Q update for quarter ending 03/31/09: Phase II is underway at our Abbotsford site where some design changes and modifications are being made to handle the much wetter municipal sewage. Results will be announced as they materialize.
Update: This project was not listed in the subsequent 10-K (period ending 6/30/2009) or any filings thereafter.
WRAP Project Explores New Projects and Markets for Paper Mill Sludge [PROJECT FINISHED]
March 2007
A New Approach to Paper Mill Sludge
As part of its programme to encourage the economic use of recycled fibre, WRAP identified a novel process in Canada - the KDS Micronex, which uses relatively low energy input to treat paper mill sludge through centrifugal action to produce a commercially dry material which can be separated through vibrating screening into a fibre fraction and a filler fraction.
10-K/A-1 update for fiscal year ending 06/30/08: In December 2004, a KDS Model S-4 was shipped to Aylesford Newsprint in London, England for trial runs and evaluation. The testing is now complete and a final report was issued in April 2007.
The KDS machine has been relocated to a new mill in Northern England where it awaits new funding to continue the research.
Research in conjunction with Oak Ridge National Laboratory [PROJECT FINISHED]
U.S. Department of Energy Small Business Technology Transfer - Phase 1 Award
Combined Drying and Grinding of Biomass in One Operation
June 12, 2003
First American Scientific Corp (FASC - OTCBB) wins competition for research grant awarded by United States Department of Energy
First American Scientific Corp. ("FASC") is pleased to announce that the Company has been selected for a Small Business Technology Transfer (STTR) Phase I Award ($ 100,000 USD) by The United States Department of Energy. The grant will provide funding to continue research to enhance and improve the KDS Micronex biomass drying and grinding capabilities. Working with FASC on the project will be Oak Ridge National Laboratory (ORNL) of Tennessee,
represented by Dr. Shahab Sokhansani, PhD, P. Eng, a world renowned and published expert in Bio-energy systems.
U.S. Department of Agriculture Biomass Research Initiative grant
July 26, 2004
First American Scientific Corp. selected to participate with the University of Tennessee in USDA Biomass Research Initiative
First American Scientific Corp. (FASC.OB) announced today that the United States Department of Agriculture has awarded a grant of $717,399 USD for research to be conducted by the University of Tennessee, Oakridge National Research Laboratory and First American Scientific Corp.
University of Tennessee/Oak Ridge National Laboratory/FASC slide presentation
University of Tennessee website for USDA-DOE biomass project
FASC SEC Suspension for Financials / Filings delinquencies and Revocation:
Order:
http://www.sec.gov/litigation/suspensions/2015/34-74778-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2015/34-74779.pdf
Warning post on Feb 22,2015:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111051970
Revocation by SEC:
http://www.sec.gov/litigation/admin/2015/34-75419.pdf
This ticker will never trade again.
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