Retired teacher/counselor and speculative investor
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A 50% spread between the bid and ask. No sellers at this bid price. And who wants to pay .0194 with a spread like this. Hard to say which way we will move. Depends, I believe, on whether we become reporting during March. If not, we could easily start moving back toward .01.
To say the price is up such and such a percentage this year is in one sense meaningless. Board members cannot take the place of management responsibility and expect anything permanent. I think we can say this. If the word "soon" keeps dragging on, we will start to see an erosion in the price again. Let's hope that predictions and reality come together shortly. - Dave
Al - I think you said at onetime your average cost was in the area of .02. What is your own exit point strategy? How much above a "get even" price will you want to exit? I have 200,000 shares that I may need to sell to help pay for increased home health aide costs. My plan is to sell only as I need to. It is nice to know that I can now easily get $3000, whereas in November I would have received $1300 to $1500.
My own belief is that my 200,000 shares I will depart with may easily be worth $8000 or more within 90 days. That is why I will sell shares as slowly as I can. This is a very inelastic, illiquid stock that has in the past worked decidedly against the shareholder. I believe it will work decidedly in favor of the shareholder. What is encouraging is that now that a shareholder can get .015 on say a 50K sale, the price is going up. The vast majority of shares are held in hands that will not unload upon the announcement of initial good news.
FASC had a very early history (back over 10 years ago) of getting quite oversold on encouraging announcements. I think the same will likely be true now-- the price will take off like a rocket, and a good trader might sell and buy back. I love trading, but with FASC my advice to my sons is that 90% should be tightly held for at least 2 years after compliance occurs. -Dave
A bid of .015 compared to those .0065's of last November is certainly a tremendous change. Same as a 6.50 to $7 stock going to 15. I picked up quite a few shares at the sub penny price--my best buy having been at.0065.
We also have a much narrower spread between the bid and ask which is healthier for the stock. Dave
Observations --with a big "If"--
If I were 40 years younger--with the present situation--and my present knowledge:
1. I would be buying up shares of FASC "until the cows come home".
2. All my instincts, and from my previous conversation with Brian, lead me to the belief that it is about a 90% certainly to me that the financials will soon be updated, and we are looking right now at a stock that will soon be worth a nickel or more.
3. A wise accumulator of shares would do so by buying in not too big quantities--maybe 50 to 60K at a time. Otherwise the price could escalate before many shares were purchased.
4. This is now the reverse of last year's situation where if you tried to sell a big block you could see the sale price halved or better.
Right now I am very glad that my two sons and I have 2.7 million shares. I have a hunch that there will be few sellers--and they will want a premium for their shares. - Dave
Feature article in the Grand Rapids Press this Valentine's Day deals with "Fifty Shades of Skunk Love". Did you all know that this is the official skunk mating season. And these little near-sighted creatures are completely misunderstood. They really are nice and friendly. So if I were to call a fellow board member "a dirty skunk" it should not necessarily be construed as grounds for deleting my message. It could actually be a complement. It all depends on how you look on skunks.
So--to keep this message on topic, I must find a way to connect skunks with FASC. Does anyone find anything stinky about my message? I sense a very sweet aroma coming when FASC breaks through .025. Dave
Al - Thanks for the very nice private message you sent me. Appreciate it a great deal. I do not have a way to return mail privately.
It is encouraging to see the bid/ask moving up even if with no volume to speak of. The ask is getting close to my cost basis. This penny stock world is a crazy one. Have taken my share of beatings in years past, but one time put my son into a stock around .40 that shot up to somewhere close to $22. Feel FASC has the possibility still.
Again appreciate your encouragement to me in your message. - Dave
RJ - Remember Roddick. Someone is adding at the ask. Interesting. Dave
RJ - I don't know who I like better--your daughter or your wife. You must have done something right in your life to have such a blessing.
To answer your question: "Why don't you just hang around a while with us?"
Oddly enough, RJ, I feel like I "get my cake and eat it too" when I graduate. There comes a time when passing on begins to look very inviting. As my blind "adopted" daughter, Robin says, "David, I think you are "getting homesick for Heaven".
A few of us have a lot of years and history together here. There has been enough time so I recognize that each of you has a personality style of your own from Charlie and Sambeaux to TR and Net-Man. I hope you guys all stick together after FASC makes it--rather than take your money and run. I really have enjoyed this FASC board. My values have changed a great deal. Initially I was in it "to make a killing". When those dreams got crushed over and over again, I began to start to like the people on the board--and saw so many of them depart. Still a few have held on with Caviet Empter (sp) and all. I still think I will be meeting a few of you in the next world. I hope so. Dave
I think it is very important to point out that since early December the bid has risen from frequently .0065 to .015, and the ask has risen to just a shade under my cost basis of .0188. Still not much volume, but an announcement of financial compliance, some sales, etc. and it will be interesting to see what happens to this stock. Anyone else get the thought of "rocket propulsion"!
Wonder what proportion of investors will want to exit with available liquidity, as compared to those like me who still see FASC as a longer term hold.
A matter of real importance as far as DD is concerned will be getting a sense of model programs being set up that will lead to "side liners" placing orders. Increasingly am feeling we are going to make it. Why else would I be defying hospice guidelines of less than six months to live--as I start on my 11 month of hospice. I have to be declining every sixty days, but would like to hold on for at least a nickel a share. Then I can pass on with a big smile on my face. Dave
TD Ameritrade points out that my average cost per share on FASC is .018826.It will be quite interesting if and when the price exceeds my cost basis. Picked up quite a few shares between .01 and .0065--although I believe the majority of the sub .01 shares went to Net-Man with his patient bottom fishing.
RJ - your wife should get a new dress at .04, and you should start the planing for the Caribbean cruise at .07. --Dave
Sunspotter
Brian, in my opinion (which is based on my personal conversation as well as conversations with RJ and his contact) plays his cards very carefully for a man in his position. He was talking with me about his son, who he brought into FASC 8 years ago. One could feel his care for Adam, his deep belief in the technology, and his hope FASC would make it. He talked about the French situation as one possibility. He certainly was not in any way hyping it--simply pointing out that if it materialized it would help FASC's total situation in a major way.
My reason for calling prioritized wanting to find out my own self-evaluation of his integrity, what type of person he is, and where i might stand as a shareholder. In this regard I give him an A. As to whether FASC can and will make it. It remains a considerable risk situation. My own opinion is that the risk reward situation is exceptional with the stock at its present price. If I owned none I would be buying. Still, I would not be bellyaching if it went down the tube. If we go down the tube I lose a penny +. IF we make it, I see a quick five cents--and likely much higher. Dave
Sam - in my 15 minute conversation with Brian, a good part of it was on Adam and the French matter. I understood quite clearly from Brian that Adam's first purpose was to go over and set up one demonstration machine. If, after they had an opportunity to evaluate it, he might then go back and there was the potential of a very large order. I believe Brian indicated in the areas of 15 to 20 units. He then indicated that the financials and every other non-reporting concern would be cleared up quickly. In fact, he stated that it could be done "almost instantly" if I recall correctly.
We definitely have a good risk/reward situation here now. - Dave
TR - I make very few phone calls now. I sense I need to wait until I call Brian. But someone in better health than I am might want to follow up.Perhaps today's good news is the start of better things to come. Or it may be just a one day happening. Dave
In my conversation with Brian, he implied that it would take a large multi-unit sale--like the one Adam was working on in France--to get our financials up and running it. There are no "exact words" with Brian as he is careful to talk in protective generalities. But I definitely drew this implication from our conversation.
I think we are going to make it--but I think if this does not occur by the end of February, our board should tone down the optimism a bit.
I think someone who has already talked with Brian could ask the simple question: "Do you think it will take a large multi-unit sale to get us back to a reporting company, or will a couple of units per quarter also do the trick." Dave
Net-Man - In my previous 15 minute conversation with Brian,he quite clearly stated that the reporting and financials could be completed very quickly. My understanding from him is that once the money is there, it will be quick order to get the SEC satisfied. Dave
Cpac -I agree with your post. I expect I will be posting much less frequently. I expect to phone Brian myself in the near future, and will post any new information. I believe what he says may be no more important than how he says it. Dave
Net-Man -
A few comments on your post:
"TRCPA - I suppose some simply are not willing to accept the DD along with any sort of verification. It MUST be supported by financials. That is all that is acceptable. I for one believe that buying something ahead of the herd is a better strategy."
You may have "bought ahead of the herd", but neither you nor TR or anyone else is buying in any substantive quantities now. Your beliefs may be bullish, but your pocketbook has pretty much dried up like everyone else. That is because 3 or 4 people can't do much to affect a market direction.
"My thought though is anyone that hyper averse to DD and identifying potential might find big board stocks more to their liking."
I see no one here hyper averse to DD and identifying potential. Waiting for management confirmation and updated financials can still get a board member in here pretty close to the floor. The slight loss might be well worth avoiding the risk of your DD and management's confirmations not being on the same page as well worth it. Or do you still think you are going to go in here now and keep adding substantial purchases before we hear from Brian? Dave
What RJ failed to point out is that I was Wii bowling from my motorized chair on a good day. Also I was motivated by wanting to impress his very charming daughter whom he brought with him.
There are some half-truths in his statements. I appear to be on the same pathway as General Douglas MacArthur who stated "Old soldiers don't die. They just fade away". And damned slowly I might add. FASC and I may have something in common. We keep holding on.
I am asking fellow board members to see that when FASC makes it, I want you to see that he not only buys his wife a new dress, but takes the entire family on a Caribbean cruise. RJ has a very special gift in surrounding himself with very charming women. There is only one way to describe his daughter - worth much more than two million shares of FASC at fifty cents a share!
When I put all the pieces together - my previous phone call with Brian, Charlie's recent Email, RJ and my review today, plus all the info dug up by Net-Man, TR, Charlie and a couple others--I think the risk/reward has turned decidedly bullish as a speculative buy at these prices. If I had younger age,health,etc. with my own personal analysis, I would be buying strongly at anything under .0125.
RJ - it was so good to see you today, and meet your daughter. Thanks so much, my friend, for stopping by to visit with me. God bless you and your family. - Dave
Charlie - Your post is the most important and encouraging of the day. And we closed at .0124. Sure beats all those .0065 and .007 trades of November and December. And the bid is inching up--which is important.
I Wii bowled a 243 game from my motorized chair--on a good day last week. Who knows, another good day and I might get out my Duncan yo-yo and do tricks to impress some of the old ladies here.
Back to your post. Can you be a bit more specific as to what Brian stated that "hinted that we might be hearing something". The fact that he Emailed you back is important as is his thanking you for hanging in there during this "tough journey"
I see Brian as a "straight shooter". RJ confirmed in much earlier conversations that he thought Brian would not short change the shareholders if FASC makes it. Bits of encouragement. - Dave
Don't post so often now--but still ticking! Have been thinking I may make another phone call to Brian in the next couple of weeks. Two basic questions. Do you think we have a chance of getting our financials updated and reported this quarter? If not, how close do you thinking we are to that happening?
And secondly, When we do get back in compliance, will it be your nature to send out periodic news releases, or will you just rely mostly on the quarterly reports?
I will try to point out that the Ihub Board would much appreciate some news releases--as it has been such a long time since we have had one. But, I will be very careful to "walk on eggs" and make sure I am leaving ground for building a relationship--one in which a future call will be welcomed. - Dave
PR - New Release - Waitedg made it into 2015! My financials are updated, and I am fully reporting--in full compliance with Hospice, Medicare and now possibly seeking a Medicaid bed in a nursing home as plan B if my needs, with hospice, transition into requiring 24/7 care.
My simplistic assessment of FASC: Wont drop below .006 and likely wont rise above .011 all other factors remaining the same. Charlie pointed out that 3 persons have 5.5 million shares. That's $55,000 of increase per penny if "good things happen". This board in quite polarized now. My own assessment. FASC is going to make it, get its financials in place and become fully compliant. may be after i depart though. Hard to fold the cards at a penny with the possibilities still there.
I've been missing Sambo's posts the last few days. Hope he hasn't gone off on a tequila binge. YUP! - Dave
What's relevant to me is that someone is in there buying FASC in rather substantial order sizes--and willing to pay .011. That is encouraging. Hope there is some follow through next week.
Sam - All regular limit orders take precedence over a good until cancelled order. For me, on your order size, I would remove the designation, and take the risk of just entering it as a limit order. - Dave
TR - Have never met a person with so much continuing, long term positive hope and encouragement. For what it is worth--and only an intangible--my impression of Brian as a person was positive. Dave
TR - You posted: "The reality is that FASC has been increasing it's sales this year without the updated SEC reports, which indicates to me that the true value of the KDS stands on its own."
The concern is it remains about as clear as mud if and when FASC can (will) become compliant. What gives me more hope is that Adam is still in there "plugging away". Nothing other than compliance and news releases will change things as far as stock price--which continues to inch lower as time progresses.
Your and Net-Man's posts on zeolite are promising. But we have had so much that has fallen through. Most disappointing has been St. Malo's inability to get funding. Appreciate the DD we do get here. All we can do is sit and wait and hope. At least the door is still open. Dave
TR - Not very good with the figures, but it would appear to me that this would certainly be very good for the morale of the company, investors, etc. I am hoping down the road that Brian or Adam might give some indication of the relevance of this new development toward their becoming compliant and reporting. Dave
Net-Man - In an earlier post you projected the potential revenue to FASC for the fiscal year ending 6/30/15 and again for the full year ending 6/30/16. How much of this gets to the bottom line--and what effect might it have from "keeping the wolf from the door".
I am assuming FASC and Mainland Machinery will have to put up capital to get this three-partner arrangement going. Where will FASC's outlay of capital expenditure come from?
In other words, can you give me your interpretation of how this all might affect FASC--as regards to "keeping the door open" and ongoing as a viable business. Thanks - Dave
Thanks Sam, for your kind words and keeping me in your prayers. You know, at times this "transitioning" isn't half bad. I am blessed by having such a caring person to help me, and there are others also. I hope I might leave you and others with the thought that there truly is a "Man Upstairs" who comforts us, and brings together experiences and people that help our faith. A battle goes on. As my Mother once said, "Old age is hell". It does appear to be partly that way at times when there are bad days. Also "Old age is not for sissies" is another common expression with quite a bit of truth in it.
But, at best those sayings are only half true. It is more difficult to express the good side. But, it contains love, assurance, preparation and yes, even angels, who start to make the "other side" both more desirable, but also a growing assurance that it really is there.
If ever there was a "misfit" for a penny stock board, I am it. How I ever landed with FASC 16 plus years ago, and stayed, is partly a mystery to me. Maybe my obituary will include: "David had an unusual interest in the stock market, and has been especially involved in a Canadian, alternative energy, developmental company for many years".
i am now stating the second half of my 88th year--heading toward 89. I still hope I will meet a few of you in the world to come. And you, Sam, if they serve tequila there, I will join you in a toast. Dave
Interesting development today. I have a former aide who told me today that if my money runs out before I pass on, she wants to continue to take care of me for free. She is quite a beautiful young lady who is getting married next June.
I was so moved by her offer that I told her that if she did this for me I wanted to leave her with 500,000 shares of FASC. I said it might be worth nothing, but there was still the chance it could take her and her future husband on a nice second honeymoon. That someone of limited means would want to provide some ongoing care for me in my final days is a blessing hard to measure. It gives me a strong, new motivation to hope that FASC does make it. I would like to see her blessed with a very special reward for her kindness. Dave
Reading the past 20 or so posts one can see the growing frustration over sitting and waiting. We certainly need the DD that TR and Net-Man and a few others dig up. This, or they, should not be discouraged, for it is our only source of what is ongoing. We may disagree or agree with their interpretations, but still they are doing the work of digging it up and sharing it with us.
I think the continuing non-compliance is getting some to the near breaking point. What also bothers me is the continuing dropping off, or dropping away of previous posters such as RJ who hasn't responded nor posted for some time. He had a pretty good relationship with Brian. And others, such as James, etc. make very infrequent posts now.
I personalty see the MM's doing their best to keep the ask up over one cent--with most trading recently down in the sub .007 level, a 2k order will usually follow to bring usback up to the higher level by end of day.
I can only restate the main things that stood out and stand out from my 15 minute conversation with Brian last month:
1. My impression was (is) his genuine belief in the technology.
2. His genuine concern in bringing his son, Adam, into the business some 8 years ago. I felt his sense of responsibility, as a father for a son, in wanting to see FASC make it so that Adam's efforts will not have been in vain.
3. The belief we need a large multi-unit order to get things where he would like them. (I am not sure whether Brian meant that we need this to get us back in compliance. I tended to think so, but could be wrong here. I do think the next person who talks personally with him should ask him that question). We don't seem to know how much Adam is getting paid, but he is the only one paid. And also his expenses on trips to France, etc add up.
Not much else to say. I am getting frustrated like some of the others of you. I am also frustrating the hospice people. One is supposed to "pass on" within 6 months to be on hospice, and I have lingered on for 8 already. I am being almost told that I have to start dieing more quickly, if I am to keep the services. Now, if that's not a pickle! I really want to "graduate", but like FASC and Timex watches, " I take a licking, but keep on ticking". It would be nice if FASC could "come alive", and then I could pass on with a smile on my face. - Dave
To me it just boils down to if or when FASC will become compliant and reporting. We don't get to see a very clear picture from Brian or Adam on if/when this may happen--or the odds on it happening. Dave
Here is one explanation of why DRYS keeps falling:
http://seekingalpha.com/article/2719725-avoid-dryships-the-related-party-transactions-will-blow-your-mind
James - In response to: "We'll lose it all or we'll make it in a big way. James."
I can just add an Amen to that. It summarizes my thoughts. If I were an outsider--and a prospective new investor with my present knowledge, I would likely buy some shares here with your statement in mind. What we might lose as compared "to making it in a big way", weigh it as a good speculative investment at present price.
TR's and I assume, Met-Man's middle ground thinking--is a possibility also. Do not discount it. It's just that so many years of rosy scenarios being painted--yet not achieved-- leaves one sort of a natural skeptic.
I think the most important thing is for us to keep cordial, informal contact with Adam and Brian--and try to glean from them their thoughts on making it or not. Nice to have you post again. Now if we could just hear from RJ. - Dave
Net-Man -
In response to: "I see that as more along the lines of no one wanting to sell. Fortunately the larger block owners are working behind the scenes uncovering publicly available information and having direct conversations with the company, which is solidifying their conviction in FASC."
I see a half-truth in your statement:
The "no one wanting to sell" is likely a mixed bag. It is true, but the reason also includes that to sell would take such a huge percentage discount from current ask price, that holders are trapped in a stock they cannot sell other than at a a huge loss. This does not negate the last part of your statement.
My thought remains something like this:
1. If we do get sufficient business to get us reporting again, there will be a huge initial sale of stock of those wanting to unload stock they simply want to get their money back on, or at least part of it.
2. Once this clears things up, there will be an interesting market in the stock. For, a few (especially larger holders) will want to hold a good percentage of this stock as a longer term hold. I know my advice remains to hold most of the shares for the long term--several years. I still believe, if we make it, FASC remains a long term hold for the wisest of investors. All of this leads me to believe we cold possibly have a very inelastic demand/supply situation--very favorable to the current holders of the stock.
3. The above comments--also keep in context my previous post in response to TR--we have a very high risk stock that may or may not make it.
Just my opinion - Dave
TR - In response to your post:
"When you look at the whole, what we have been seeing is the combination of a bottomed out pps coupled with a lack of information coming from HQ......as the tiny staff is hunkered down in sales mode. This is proven out by the sales that have been uncovered, along with the continuing and consistent expressed interest found from parties all over the world, regarding the KDS.
When you throw in tightly held shares of a fixed number going on five years, you have set the stage for sharp pps increases as the sales and sales"
I think this aptly describes one side of the equation--the side we longs hope will play out. But--to me it is incomplete. For it needs to be balanced with the very high risk that what you project will never happen--and age, finances, and other problems may equate to a stock that is at a very close point to having to "fold the cards" and foreclose. The rewards are still there if we make it. The loss of our investment dollars, or most of them, is also a high risk factor, if we don't. And new investors need to be able to weigh both sides of the equation.
I could certainly use some extra money for personal care that even a rise to .025 might afford. Brian told me it was going to take a fairly large multi-unit sale to get FASC back on its feet financially and reporting. I have no reason to disbelieve him. Dave
If you want to sell at .0063 or less, there is still a market. There are over 400,000 shares offered at the .011 level. These or this seller(s) can only dispose of the shares if he is willing to take a nearly 50% cut in his offer price. No substantial sales have occurred above .0064 for some time now.
There is no volume because who wants to go in and buy at. 011, and lose nearly half his money if he decides to sell. I think we are at a market bottom also--if the bottom is considered to be about .006.
Our main focus as a board should be to see just how close or how far Brian is to being able to get our financials up and running and get us back to being a reporting company again. Until that happens, or unless that happens, we are pretty much stuck here. Just my opinion. Dave
I hired (started) today a new aide who will help me an additional 9 hours (three 3 hour shifts) per week. I have enough money to pay her thru to about the end of March or first of April.
So--I need FASC to go up in price by income tax time, or I may have to sell my shares off at .006 to keep funding per weekly pay. Of course that presupposes I will be still ticking around here, rather than sipping on a soda from above.
Don't know why--but I am thinking very positive about FASC again. Dave
Have a message in to St. Malo and a phone call into RJ. So far have not heard back from either. I keep on ticking, and am facing into another winter which I never thought I would make. Am having to hire more private duty aide time.
Sure would be nice if the financials finally appeared, and our stock hit .03 at least. I could pay for a few things I need, Sam would stop having the "FASC Jitters", and I would be ready to pass on with a smile on my face.
We are a small remaining group. Sure hope things happen while I am still here to see it start to occur. Dave.
We appear to be stuck now in a 70+ percent spread between the bid and ask. I received no response back from my Email to St. Malo. It would be nice to know whether he is still in the ball game, but just held up with further funding blocks.
Guess we all pretty much feel the same. We badly need news out of FASC headquarters. Nothing else makes much difference. Dave James and RJ now appear to be two others who have faded into the background
One thing Brian said that was a positive was that he could have the financials completed very quickly, if not almost immediately. The impression I got was that it was just a money issue. Once the money is available, the financials will be completed very quickly with little holdup.
I found St. Malo's Email address as he had contacted me in the past. I sent the following Email to him just now:
Hi Jean-Francois -
I am one of the fellow FASC board members. We have not heard from you in some time. Wonder if you might please update your current status with the KDS--and where you stand with funding roadblocks that appeared to have been a past problem with you. Hope we hear form you soon.
Thanks - David Waite