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TR,
Kieth is out till this afternoon. By the way my phone conversation is not savy or charming. I just ask the questions and try to be polite.
......Now Mr. WaiteDG.. he is the charming one!
RJ
TR,
Is that a hint for me to call them(MnVap) or are you going to do it?
RJ
TR,
Note board rules: "No" to'da' moon pumping
I would hate to have to delete your messages!!!!!!
RJ
PS. By the way, I have my first few shares at a .47 PPS sell again! The rest are over a dollar.
Net,
From previous readings,conversations with Kieth Poier and others, Electric Generation is one of MnVaps long term goals.
RJ
Yukon,
Share holders rights offerings can also be set up as selling for a designated offering price to the public lets say $ 1.00 and given rights discount to the existing shareholders for a specified period of time with the limitation of 1 new share for each old share.
This should be done in sequence with new news being PR'd for example confirmation of sales to South Korea. The income projections would also need to be in the same PR. (substance for the offering price)
The offering would be to help finance the growth. The new profits hopefuly to finance expansion and careful diversification.
Just thoughts,
RJ
Net and others,
In trying to read between the lines....
My email in part sent to Brian;
Hi Brian,
From the Ministry of the Enviorment South Korea.
Do we have a part in the project below?
TIA
Waste to EnergyWaste to Energy Policy
etc. etc. you already read the rest I assume...
Brians response;
I cannot comment on this at this time, Thanks for sending
Brian
Brian Nichols, President
First American Scientific Corp.
Mobile: (702) 596-6369
Office: (604) 850-8959
Fax: (604) 850-8904
bnichols@fasc.net
Note: I am no brain, but I am assuming that if the materials from S. Korea enviorment did not apply he would have said so.
Brian said "he can not comment at this time" which is the response I expected. He is not able to say anything.
We are in the dark and should remain cautious, but I like to at least look at the potential and if we can have any influence in benefiting or improving the opportunity for success ...why not.
Other opinions are as valid as mine.
....by the way.. 200 KDS with Rodths Grill tool as a bonus in the Box!
In S. Korea they will be grilling Steaks with a strange new fuel providing the heat!!!!!
RJ
PS. I think it is time to call it a night.
Netman,
I do agree, re-read my posts.
"We have low PPS due to "current performance" and lack of ability to PR anything of real value. How-ever at the end of 2011 the situation changes and the need for cash flow will probably be needed to help finance growth.
I agree dilution at this time is a bad idea. How-ever shares being issued at a time when obvious growth needs financing would change things. It would increase our $ value even while dilluting % ownership.
We would need to be in a "real" position that would support a truthful and real content for a PR blitz. That is what I am beginnning to see for 2012. "
Note: The Cash flow would be from new investment with PPS issued based on what would be existing sales at that time.(late 2011 or 2012) The reason for Shareholder rights would be to benefit existing shareholders that desired to hold some position long or add investment.
It could not happen now. But in business you plan ahead and are ready!!!! ... and if things do not go as planned, "adjust"!
The only reason for comment this way is if the 2006 PR is still true projections delayed to 2012 thru 2016.
...of course, all this would be up to Brian and Cal subject to vote by shareholders. I do think with Company communication with Shareholders something could be developed that would look out for all.
RJ
Beischens,
I like your idea, how-ever the PPS numbers you use are way to low.
We have low PPS due to current performance and lack of ability to PR anything of real value. How-ever at the end of 2011 the situation changes and the need for cash flow will probably be needed to help finance growth.
I agree dilution at this time is a bad idea. How-ever shares being issued at a time when obvious growth needs financing would change things. It would increase our $ value even while dilluting % ownership.
We would need to be in a "real" position that would support a truthful and real content for a PR blitz. That is what I am beginnning to see for 2012.
A shareholder rights offering would give longs that want to remain with the company the ability to purchase shares at a discount and protect ownership. And I think you are correct that 1 right per current share is typical?
Lets communicate our ideas with respect, patience and assistance to Brian.
I also would like to see the authorized shares doubled subject to
being done in conjuction with shareholders rights and timed after or at the end of 2011 when there is performance to support a $ 1.00 per share retail issue.
TIA,
RJ
Fasctrack,
I agree, it would not work right now with the low PPS and lack of ability for PR's. But if timed at the end of 2011 with a "PR blitz" it should be a snap. That is if S Korea, Hong Kong, QL go as planned. The offering would need to be marketed over-seas as well as here. It also would need to be PR'd what the funding is for and why.
I would like to see a more agressive move toward marketing to coops with a specialized unit. Corp Farms in Michigan have a huge waste disposal problem. They are poluting the rivers and streams with over use of fertilizing crops.
Having the Coops own the machines and rented to the Corp farms would be less expensive than individual ownership. More KDS would sell due to cost savings.
My opinion,
RJ
Net,
Brian said that South Korea is stronger than the 2006 coalition.
He also has been meeting with them at the airport since the visit to S. Korea.
We are just going to have to wait. I do not want to press Brian to much, he can not talk about anything that was not already in the 2006 PR.
We need to get Cash flow for designing and engineering smaller portable KDS Machines that Coops could transport and use to and from various area Corporate farms.
Mini KDS Machines with Baggers!!! Market as Pathegen free fertilizer. Then we could mix sludge waste with wood waste and/or coal for boilers?
just dreamin'
RJ
To all,
How many here are interested in a shareholders rights offering in lieu of a buy out?
Buy out for? - $
or
Shareholder rights offering? -
(appropiately timed)
and offering for how many shares? -
My opinion? - I would like at the end of 2011 see a PR blitz and a shareholders rights offering. Set issue price at $ 1.00 per share with 200 mil shares approved. ????
If you are going to dream, may as well dream big!
Email Brian with your opinion, .. and for fun post here!
bnichols@fasc.net
...by the way, my buddies are now looking due to the S. Korea potential. Just waiting for some sort of confirmation of old 2006 PR.
I personaly hope those that are waiting end up paying a $ 1.00 plus !!!!!!!!!!!!!!
RJ
Hi Net,
Things that sound familiar......
"Above all, faced with the imminent ban of ocean dumping of organic waste starting 2012"
"to allow coal power plants to use sewage sludge as fuel. "To that end, by 2013, the ministry plans to offer 203.4 billion won of government subsidies to the relevant research and development."
"By 2012, when the construction of most waste to energy facilities will be complete,"
We need to understand that the KDS is only one part of the program, They are working with many types of programs and Ideas just like Hong Kong is. but just being a part is GREAT!!!!!!!!!!!
If you note the dates it helps understand where FASC is saying late 2011 or early 2012.
I asked if we were making the units or if JP Plantech was. Brian said he could not share that information with me. My bet is JP Plantech. I do not believe we could fill the order ourselves.
The part I do know is that S. Korea is a Sludge to Energy project and it will last for approx. 5 years.
FASC needs to last that long. We are in a Cash flow situation?
RJ
To All,
Brians response to my email:
Rodney
Thank you for you and your groups input. I have forwarded this to Cal for
discussion.
Brian
My email:
Cal and Brian,
I appreciate the conversations I have had with you and presenting us
shareholders with the opportunity to be a part of something as
transforming as
FASC's KDS Micronex. I am impressed with what it could do for waste as
well as its energy potentials.
In talking with Brian yesterday he refered to Cal as his partner. I think
that is admirable. I do feel it should not be discounted that there are
long shareholders that are equably partners not only holding shares for 5
-11 years but some doing email and fax promotions to area farms,
industries etc.
With the above being said I am more than positive that it would be
advantageous for you both to recognize that you have shareholders that are
more than just traders and even many that are not traders. These
shareholders see themselves as "partners". If you are interested in new
shares being issued please consider a "shareholders rights offering" I
will
try to find out who from our group would be interested. Please also
consider
a shareholders group discussion as to ideas on ways to address value,
funding etc. We can be a cash flow asset.
Thanks for your hard work and efforts we see this as our future also,
(RJ)
TR,
I am believing that once FASC is able to PR about Hong Kong and South Korea in more detail with realistic projections and add that to QL, MnVap and other updates share price should increase greatly. That would be a good time for a shareholders rights offering of ? $ 1.00 per share ? It would be wasted right now
with the low PPS and limited news to PR. This would give FASC the dollars to diversify in lieu of being a one Machine (KDS) entity.
There are other ways to finance also. If compensation was changed (not in how much but how it was done) , it would be easy for per project financing. Cash flow would be a non issue.
Our small company does it all the time when we want to take on a large project. "easy"
Just thinking,
RJ
Net,
I am sure that there are sales we are not aware of that will fill those projections?
I hope we can get as much loyalty from Brian and Cal as we have given them.
Here is a copy of my email to Cal and Brian;
Cal and Brian,
I appreciate the conversations I have had with you and presenting us
shareholders with the opportunity to be a part of something as
transforming as
FASC's KDS Micronex. I am impressed with what it could do for waste as
well as its energy potentials.
In talking with Brian yesterday he refered to Cal as his partner. I think
that is admirable. I do feel it should not be discounted that there are
long shareholders that are equably partners not only holding shares for 5
-11 years but some doing email and fax promotions to area farms,
industries etc.
With the above being said I am more than positive that it would be
advantageous for you both to recognize that you have shareholders that are
more than just traders and even many that are not traders. These
shareholders see themselves as "partners". If you are interested in new
shares being issued please consider a "shareholders rights offering" I
will
try to find out who from our group would be interested. Please also consider
a shareholders group discussion as to ideas on ways to address value,
funding etc. We can be a cash flow asset.
Thanks for your hard work and efforts we see this as our future also,
Rodney J. Conlon (RJ)
Net and others,
Brian is really working hard trying to do his job, balance finances and deal with Cal's situations. He can not afford right now to hire more help that is needed. Fortunately he is able to
send much of the leads to his dealers/sales partners.
Sarge once mentioned a Shareholders rights offering. I am going to try to learn a little more about it. Also if we here are interested in such happening I would be happy to visit with Brian and discuss it. Maybe get a shareholders group conversation of some sort going with him so he can see some of us longs as "partners" (not discounting the rest who want to cash in).
I would most certainly not like seeing us colapse just before the storm. I am starting to see why Brian says that sales will pay the back salaries.
RJ
Sorry Fasctrack,
Year end 2011
RJ
Waite and others,
I hope you re-read the 2006 PR to South Korea. I just talked to Brian and he again told me he can not share anything. How-ever
He did say he can comment on the PR itself. I asked If all projections are still expected. Brian said that those projections are from the Koreans and nothing has changed other than delays. He said things are better now than they were back then.
There will be a PR about Hong Kong toward the end of the year.
Cal is doing better but did not come in for the meetings. Brian went to him. Brian is seeking help from Cal on the Feb 15 dedline for the quarterly report.
Lets pray for good health for Cal and thank God for Brian and his hard work.
RJ
TR,
The only answer I could get from Brian about the South Korea
Pilot program was that it is still alive. He could not and would not share any more.
Even Adam that I get a chuckle out of when I "gently" press says I must talk to Brian about it!!!!
Lets just hope.
....and yes, I will ask Brian again sometime when I am talking to him. I will call sometime next week.
RJ
Charlie,
Remember that there were issues at St. George. When I talked to the person in charge of the project in St. George they were successful as far as product was concerned but could not afford the continued effort to answer to through-put and the dust issues. They just plain ran out of funds.
It is possible that the S. Korea effort has been still in research all this time? They do own a S-6 and FASC trips have been made this last year.
From my reading about Hong Kong sludge/waste the water gets separated, purified and returned to the ocean. The solids get hauled to landfills. The KDS being used would cause the solids waste to become a product for burning for energy or a fertilizer.
With their Landfills reaching capacity I am sure they are scrambling for alternatives. Hopefully they also look at the Okinawa site as an example of what they could do for recycling their other waste also.
Just thinking,
RJ
TR,
An interesting read involving Hong Kong and running out of space and what to do with various waste products.
Le
This section aims to provide detailed information on waste generation, reduction and management in Hong Kong. An overview is given below for the quick reference. Detailed information is organised into various categories, namely,Problems & Solutions, Data & Statistics, Public Consultation, Study Reports, Guidelines & References, Waste Reduction Programmes, Waste Collectors & Recyclers and Waste Management Facilities which can be accessed through the menu.
AN OVERVIEW ON CHALLENGES FOR WASTE REDUCTION AND MANAGEMENT IN HONG KONG
WASTE BY TYPE
Hong Kong generates several different types of waste, and each has its own requirements for handling. The EPD keeps regular statistics on each waste type, such as composition, quantity sent for disposal and quantity recycled.
Municipal Solid Waste (MSW) comprises solid waste from households, commercial and industrial sources. This excludes construction and demolition waste, chemical waste and other special waste. MSW is disposed of at landfills.
Construction waste includes waste arising from such activities as construction, renovation, demolition, land excavation and road works. Ideally, the waste is separated and inert material is used as fill in reclamation sites, when available. However, a significant portion of the waste still goes to landfills.
Chemical waste comprises substances specified under the Waste Disposal (Chemical Waste) (General) Regulation as posing a possible risk to health and/or the environment.
Special wastes include clinical waste, animal carcasses, livestock waste, radioactive waste, grease trap waste and waterworks/sewage sludges. These wastes need to be treated separately. Some livestock waste is treated at the Sha Ling Composting Plant. Arrangements are being developed for the proper treatment and disposal of the other wastes, but more time is needed to address community concerns about such facilities.
Other solid waste comprises dredged mud and excavated materials disposed of at marine disposal sites.
THE CHALLENGES
Waste is a common problem of affluent societies. Especially when people can afford greater convenience and more purchases tend to throw away more rubbish. Hong Kong is no exception to this.
Growing Wasteloads
Hong Kong, like many developed places, has seen its wasteloads grow as its economy has grown. Municipal wasteloads have in general been increasing since 1986 - when the EPD was formed - mirroring Hong Kong's rapid economic expansion over the same period. At the same time, the population has grown by more than one million people and each person is throwing away more waste. In 2008, the per capita disposal rate of municipal solid waste was 1.35 kilogrammes per day.
Municipal solid waste includes waste from households, industry and commercial operations, but landfills are also under tremendous pressure from construction waste.In 2006, the Government introduced the construction waste disposal charging scheme and the quantity of construction waste disposed of at landfills deceased from 6,560 tonnes per day in 2005 to 2,660 tonnes per day in 2008. This figure fluctuates depending on the economic situation and the number of construction projects underway.
Outlook
The continued growth in wasteloads means Hong Kong is running out of landfill space far earlier than expected, and the existing landfills will be filled up, one by one, in mid to late 2010s if waste levels continue to increase at current levels. Unless solutions are identified immediately, we could face a crisis in the next decade of having nowhere to put the thousands of tonnes of waste thrown away each day.
New landfill sites must be identified. However, the community has become more resistant to having waste facilities near their neighbourhoods. The government have already started to consult the public on the options.
Landfill space should also be conserved by state-of-the-art technologies that reduce the bulk volume of waste requiring disposal. After extensive review, the EPD is now planning to develop the Integrated Waste Management Facilities that would adopt advanced incineration as core technology to reduce bulk waste volume and to recover energy. Organic Waste Treatment Facilities are also being planned to recycle source-separated organic waste to useful products.
Cost is always a consideration. It has cost nearly $6 billion to build our three strategic landfills, and the operating cost of the three landfills is around $400 million per year. Some 4.9 million tonnes of waste were landfilled in 2008.
For detailed information on waste generation, please refer to Data & Statistics.
Waste recycling in housing estate
WASTE REDUCTION
Waste reduction is often associated with recycling, but it is more complex than that. Avoiding the generation of waste in the first place and minimising waste are also crucial measures in any waste reduction strategy.
In 1998, the Government unveiled the Waste Reduction Framework Plan (WRFP), which sets out the various initiatives for waste reduction. The progress of the Plan was reviewed in 2001. It is found that although we have made some progress in the overall waste recovery rate, there is still room for improvement in different aspects in waste reduction and domestic waste recovery. The review recommends a series of measures to facilitate domestic waste separation and recovery in Hong Kong. The review also sets the following targets: (i) to raise the overall MSW waste recovery rate from 34% to 36% in 2004 and 40% in 2007; and (ii) to raise the domestic waste recovery rate from 8% to 14% in 2004 and 20% in 2007. The construction industry is also a major target and the aim is to reduce construction and demolition waste going to landfills by 25 per cent between 1999 and 2004.
The Government has been working towards delivery of the targets set out in the WRFP. We are committed to reviewing the WRFP, and since we are approaching the end of the planning horizon of the WRFP, the Government has to formulate a new strategy. We recognise that the growing waste management problem requires continued effort both by the Government and the community at large. Separately, the Council for Sustainable Development (SDC) conducted an engagement process on three pilot areas, one of which is solid waste management, and published its report with recommendations on the engagement process in February 2005. In response to the SDC's recommendations, the Government published a first sustainable development strategy in May 2005. The Environmental Affairs Panel of the Legislative Council (LegCo) discussed in depth the waste management strategy on 28 February 2005 and 23 May 2005. On 5 July 2005, the EAP passed a motion to urge the Administration to include a holistic and comprehensive plan, targets and timeframes for measures in the upcoming strategy document on MSW management.
Taking into account the recommendations of the SDC's report and the views expressed by the EAP of the LegCo, the EPD published "A Policy Framework for the Management of Municipal Solid Waste in Hong Kong (2005-2014)" (the Policy Framework) in December 2005. The Policy Framework sets out the strategy and measures to address the MSW problem in Hong Kong in the next decade. The main vein of the strategy is to implement the polluter-pays principle through MSW charging and producer responsibility schemes (PRSs). The Policy Framework proposes simple, yet effective, economic tools that would create incentives for the community to recycle more and discard less. The public is sincerely invited to support the measures and milestones set out in the Policy Framework.
In May 2007, the EPD announced a proposal on an environmental levy on plastic shopping bags to reduce their indiscriminate use. For details, please click here.
The Environment and Conservation Fund (ECF) has allocated $10 million to support a public education programme under the Policy Framework. Interested parties may refer to relevant webpage for more details.
WASTE MANAGEMENT AND DISPOSAL
The EPD manages facilities for collecting, transferring, treating and disposing of a variety of waste types. Since 1989, the department has overseen the establishment of a Chemical Waste Treatment Centre, three strategic landfills and a network of refuse transfer stations. It has also phased out older, environmentally-unacceptable landfills, restored them to a safe condition and is in the process of developing them for different recreational uses, such as football pitches and golf courses.
These waste facilities were built under the Waste Disposal Plan and cost more than $10 billion in total to build. The landfills initially were intended to last until 2020, but they could be full several years earlier if nothing is done to reduce wasteloads.
Waste is also managed through legislations. The Waste Disposal Ordinance is used to enforce controls on waste disposal, including collection and disposal and the import and export of waste. The Dumping at Sea Ordinance is enforced to control disposal of dredged mud and excavated materials at designated marine disposal sites. Livestock Waste Control Scheme has been fully implemented in the management and disposal of livestock waste.
The details of different types of waste management facilities are listed as follows :
Three strategic landfills are located in the New Territories (Nim Wan, Tseung Kwan O and Ta Kwu Ling). Liners, leachate collection and treatment systems, landfill gas management systems, and surface and ground water management systems are in place to control air and water impacts.
Thirteen closed landfills in Hong Kong are being restored to minimise potential safety and health risks. They are landscaped to provide green zones and can be developed into different public recreational uses such as golf driving ranges and courses, multi-purpose grass pitches, recreational parks and ecological park.
Seven refuse transfer stations are located in different areas in Hong Kong. These are centralised collection points for the transfer of waste to the strategic landfills. The waste from smaller refuse collection trucks is compacted and transferred into containers, which are loaded onto lorries or barges for shipment to landfills. The wastewater, odours and emissions from the stations are all controlled.
The Chemical Waste Treatment Centre on Tsing Yi Island opened in 1993 and accepts a variety of chemical wastes. It has extensive controls on its emissions which are regularly monitored by the EPD.
The Sha Ling Composting Plant in the northern New Territories opened in 1991 and accepts livestock waste. The waste is composted into soil conditioner for use in Hong Kong.
For further information on the impacts of these operations, see the EPD's Environmental Performance Report.
For detailed information on waste management and disposal, please refer to Problems & Solution.
WHAT YOU CAN DO
Individuals can reduce their waste by buying items with less packaging, using reusable bags for shopping, and separating waste paper, metals and plastics from our daily waste for recycling. For more tips on environmental protection, please refer to Tips to Save the Earth.
Businesses can refer to the Hong Kong Awards for Environmental Excellence which encourages the private sector to organise their own waste reduction activities. The EPD also offers industry-specific information on waste reduction and outlets for recyclable materials. Please refer to Waste Reduction under Problems & Solutions for details.
Factories, trades, farmers and others also can refer to Guidelines & References for information on the legal requirements for disposing of waste.
Additionally, the EPD launched a territory-wide Programme on Source Separation of Domestic Waste in Januray 2005 which encourages housing estates/buildings to set up waste separation facilities on building floors and broaden the types of recyclables to be recovered, so as to increase domestic waste recovery and reduce waste requiring disposal. For more details, please click here or dial the Recycling Helpline (2838 3111).
ts hope KDS will be to the rescue. "afordable"?
TR,
Just posting the below as a reminder from 2006 PR South Korean Pilot project. ...and remember we have just started a similiar in Hong Kong.
I hope this is what is being worked on as a continuation. Cal and Brian have been spending time in South Korea and that is where Cal was when he got sick. Brian will not comment but I reread the PR and find it encouraging?
Read careful and be hopeful.
I am wondering if JP Plantech is involved?
Home KDS Micronexâ„¢ Applications Recent News Investor Info Ethanol White Papers FAQ's About Us Contact
News Releases < Go Back to News Releases
Nov 06, 2006
First American Scientific Corp Announces Commencement of Pilot Project at Municipal Waste Treatment Facility in the City of Anyang, South Korea
SEOUL, SOUTH KOREA--(MARKET WIRE)--Nov 7, 2006 -- Mr. T.K. Kwon, B. Eng, Vice President - Foreign Operations of First American Scientific Corp. (FASC) (OTC BB:FASC.OB - News) is pleased to announce the completion of the installation of one KDS Model S-6 equipment ready for processing secondary sewage sludge in preparation for burning at the Anyang City Waste Water Treatment site located near Seoul, S. Korea.
When operated in series with recycled heat from the facility, the system can reduce moisture content of the input sludge from 76% to 5%, at a rate of 20 tons per day, making it extremely suitable for efficient, emission free burning and recycling back into the operation. We are confident the addition of the KDS system at this size of facility will significantly reduce both plant energy costs and environmental costs.
According to Mr. H. Chang, M. Eng, President of FAS (Korea) Ltd., "This is the first of many systems we hope to install and operate in South Korea. There are 453 similar waste treatment sites in S. Korea alone and if the pilot project is successful, we expect to install 200 similar KDS systems over the next five years."
According to Brian Nichols, "We are very confident that our equipment can handle the job in Korea. In addition, trial runs at our pilot project in Canada are showing 99.9% pathogen kill during processing, indicating that the end product is also suitable for use as a high nutrient fertilizer. Both applications are suitable for thousands of municipalities around the world. Tomorrow, Mr. Kantonen and I will be in Yokohama, for a demonstration and update on the pilot project from our licensee in Japan."
Please refer to our web site for further details.
Certain information and statements included in this release constitute forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act.
ON BEHALF OF THE BOARD OF DIRECTORS
C. Kantonen, Chairman
Contact:
Contact:
Corporate Communications
Web Site: http://www.fasc.net
Toll Free: 1-800-561-8656
Download this news in doc format
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© Copyright 1999/2009 | First American Scientific Corporation | Toll Free 1-800-561-8656 (USA and Canada)
Overseas Tel: +1-604-940-6220 E-Mail: help@fasc.net Web: www.fasc.net
Fasctrack,
The Research by China (Hong Kong) just began this last year. My understanding is that this research and testing is to build on and add to what they previously have learned about sludge waste processing.
"But what do I know"?....I am not even a big Gorilla!
We are all anxious,
RJ
Net,
I did not ask about China this week, but from other conversations it takes time for trials and research.
RJ
Peach did this before,
....the biggest looser claim. I do not know what he is.
RJ
beischens,
After re-reading my post I can see I did not do a good job. You did understand it correctly and explain it well.
RJ
Charlie,
Re-read my post. I talked to Adam not Brian about Malaysia yesterday. How-ever I just got off the Phone with Brian and the following;
Cal is improving and in Therapy. On monday Cal will have his first business meeting with the group.
TR, Brian said the speculation for net profits to begin if all
falls as scheduled is end of year 2011. (not fiscal) "speculation" if things do not go as scheduled it may be a little later.
Brian has been handling the S.Korean Meetings for Cal as I mentioned yesterday. It is the same on going program as PR'd a few years ago soon to come into realtity.
I know nothing about the Norway delivery other than that there is one. Brian would not discuss it I got that information from someone else.
Brian does say he is in good health and looking for the Company to exist with or with out Cal and Brian. There choice is obviously with.
I got Brians permission to share this information but he can not share anymore at this time. "Norway" was not from Brian and a no comment until PR'd.
RJ
Net,
It is my understanding that we will be come profitable at the end of 2011.
RJ
TR,
I just talked to Adam. He said Cal is progressing and in treatment. Things are hopeful!
Brian is taking over the South Korean project. How-ever he can not tell me anything about it. Malaysia is doing things but they are handled in Malaysia so he does not know any details.
The Machine for Norway is built and the paper work is being completed for shipment.
It sounds pretty slow right now for FASC on the Manufacturing side of things. It sounds like most of the things going on are from the JV's etc. I hope to find out more when I talk to Brian later.
Adam says that Brian is quite upbeat right now, lets hope that is
sign of our future?
RJ
To all,
A very merry Christmas and Happy new year! I pray that Christ may be with you all.
A prayer of healing for Cal and extra strength for Brians broad shoulders.
RJ
PS. I almost forgot....have a great FASC year!!!!!!!!!
Tr,
Nothing today. Lastweek I was told 6 weeks recovery, but that he
would not be back to work 100% for a while.
RJ
Net,
You may be right. Norway could be the Latvia sale I was hearing about previously?
RJ
Waite,
Depending on how many shares held I might think "Millionare" is optimistic. I do believe we will still be in business as sales are progressing. My concern is who, how and when Cal and Brians
back salaries are going to be paid. Brian say's in future sales!
Lets hope!
RJ
PS. I was going to say don't quit your day job yet..but then I remembered you do not have one!!!!
TR,
OK, here's what I found out.
Machine #1 - The demonstration machine shipped to New York
in October
#2 - The New Machine that was to ship to Norway in
November has not shipped yet. It will ship very
soon.
No third machine as a direct sale (I am not sure where I got that)
I thought for sure something was going to Latvia, but maybe that is comming yet this winter?
Malaysia is making some Machines. (How many?)
That is the present update for this fall 2010.
RJ
PS. Not from Brian or Cal
Fmontilla,
Frustrated long millioniares!!!!!!!!!!?
RJ
TR,
The 10Q was for month ending? September 30? There were three deliveries this fall that you and I have previously talked about here. October -2 ea. November -1 ea. ?
I forget where with out going back and reading... Latvia? Norway?
RJ
Netman,
South Korea and China are area's being worked on very hard now.
Can you immagine a deal with China! Hopefully both come on board with deal this next year.
I anticipate FASC being in a good position for a Sale or Merger in a year or so unless Cal figures he still wants to take it all they way himself.
RJ
TR,
Brian did not say salaries will be paid back by end of year, but that he is still hoping for sales to pay the back salaries.
He also told me don't worry about the way the books look right now. I do not know what to read into that other than there are things cooking he cannot share right now.
I believe Brian is working hard to build a business. I also know that business is tough. There are no guarantee's.
"At least FASC builds something"
TR, not meaning you but;
I love it (not) when people who have never run a Company other than maybe a small shop or something think that if anticipated success's are delayed or difficult, act or post like there is a moral issue to display. Economy, lack of cooperation by others,
enviormental agency's, availability of technology, funding and wrong decisions are a few of the things that can throw off one's anticipated goals. I differ in stradegy than FASC Management, how-ever that does not make me right and them wrong.
I guess I will join the ranks of Sam and wait to hear more. Its not like I have any choice. Selling for any of us just would cause a land slide in PPS so why not look for hope going forward.
Seems Brian gave us a little in the 10Q mentioning the possibility of a net profit next year. Cal also told me a few months ago and I shared here that he is anticipating being profitable by the end of 2011.
RJ
Sun,
I still do not know your point. You seem to beat the same old drum. We know the bad news and are also noticing some good news.
Its just reading and sharing.
It will still be slow growth for FASC, but at least we make something and have Machines being Manufactured.
After all, FASC is not Cisco? It's our business anyway.
RJ
beischens,
You are correct. And there are deliveries going on right now.
They should show up in the next 10Q. We discussed those here last month and they would not be on this one due to being October and November deliveries.
RJ