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FASC,
I agree. That type of a shareholder statement would be helpful. I have asked Brian about that and he said they have got in lots of trouble in the past announcing things that were supposed to happen and then did not.
Brian told me last week that several verbal commitments from customers have not transpired. If he was to share potential and then it does not happen, he would find himself in hotter water with shareholders than to just be quiet until something is completed.
Brian is interested in the company as an entity. He is not a PR type of person. He tells me he will not give up. They will have to carry him out.
Brian says he is as disappointed as we are.
That is all I can share.
RJ
Sun,
Brian owes us the 10Q's, He can update us there. He does not owe us PR's. Would I like him to do PR's? Yes, of course I would.
Like I have shared before, I would do things different than Brian but I am not in charge nor does that make me right.
Most of the things I would do different have to do with the way the business is run, not anything much about shareholders.
I can differ from Brian and still see him as honest and respectable.
I have been on a couple of boards of small business. You must get used to not getting your way. Being a contribution of thoughts sometimes is all that is needed. Here I am not even on a board. I am merely a shareholder. When I invest in a company, I am investing in management. That is the bottom line.
If you do not like or trust the management, do not invest.
RJ
PS. Brian cannot share what is not. When there is something in his mind to share, he will.
Fasc,
When Christmas is here and you have limited dollars. You have the choice of paying the heat bill or buying Christmas presents. Which do you do?
Just perspective?
RJ
Net,
",because the balance would now be recorded as sales and the difference as a receivable. "
If I remember from the 10Q's. FASC does not book sales until delivered and paid for. Due to the fact that they are not paid for they would still be considered inventory for Bookkeeping purposes?
"Did the party giving you that piece of information indicate how or when the balance would be paid? "
I asked Brian about it a year ago when I quized him on the 10Q's. I am just speaking from memory. How-ever I have asked him since if we have been paid yet, and he answers he is still working on it. I have shared that here previously.
Brian will discuss things stated in the 10Q, but nothing else. He is very tight lipped.
When you talk to him, have one of the PR's or 10Q's in front of you and say..I am reading from.. then ask a question. Answers will be vague, but I try to fill in the blanks.
I find that if you are respectful he will talk a little. He does not owe us anything but 10Q information. Anything else he is not obligated to. At least that is my understanding.
Just my thoughts to share,
RJ
Hi Net,
I also tried to pick up some cheap shares. How ever I use a credible and responsible broker that will not let me purchase FASC at this time!!! When FASC gets its financials up to date I probably will be able to purchase shares again.
I will have to be content with my current Gambling debt!!!!!!
St. Malo needs another 250K investor, any takers!!!!???
RJ
Net,
The two machines in inventory are sold but not paid for. As far as I know they are delivered. That is way different than FASC has operated in the past, insisting on full payment before delivery.
Lets hope that they get paid for.
Lets also hope that some of these many quotes FASC is doing turn into sales soon.
RJ
Al,
This has been answered before, if there is not money in the check book, all the laws in the world can not enforce it.
When the money owed is paid, we will get caught up. (my opinion)
no guarantees,
RJ
Al,
" Don't seem much to back up your "don't worry ' claims."
Claims or opinions? I think we are all entitled to; each to our own.
As far as I know, TR does not work for FASC so he is not in the position to make claims, just opinions.
Mine have differed from TR's also, just trying to be respectful.
RJ
fmontilla,
With what money? FASC is short funds until he gets paid for some
already sold machines. Per the 10Q's
Try to be calm. I think we will get rewarded. Probably not as good as if I could buy some shares right now!!!!
RJ
TR,
I am not sure why you are waiting until next month to buy shares. Tax loss selling is happening in now before the end of year.
FASC is not going anywhere. Selling at these prices is bad timing.
!!!Sell the kids before college age!!!! Try the wifes car?
Just kidding,
RJ
Mr. Rooster,
Are you implying that your Christmas present was the low purchase price of FASC today?
I tried to buy a few shares, but my broker will not allow it at this time. Due to FASC not filing.
RJ
TR,
I am most positive the volume is end of year dumping. If all these trades were buys, the PPS would be moving in an upward direction.
On the other hand, this is not the time to be selling. If a couple of sales close combined with the collection of money due from existing sales that FASC already has deposits, you may say the Tax loss benefit may not be worth the loss of gains.
on the other hand, if sales do not come through.....?
RJ
St Malo,
Thank you for your response, you did not have to do it. It will take folks like yourself to help us get FASC on the road. Brian has a few up and coming sales in the same position as your are. "almost there"
Thanks again,
RJ
TR,
The 10Q's give me quite a bit of information that I construct questions from. These questions I ask FASC.
Yes, PR's would be nice, on the other hand they may make the PPS even lower?
As St. Malo has shared. It is all about financing and it is not FASC but the several potential projects that would like to use the KDS. The KDS is one spoke in the tire of a process. If the process can not get its feet off the ground, neither will the KDS.
With the Government money having been made available to St Malo, I am not sure why FASC has not received their deposit?
RJ
TR,
You would know better than I. My thoughts are a calculated guess
based on human behavior!!!!!!!!
I am also thinking that if they were buys PPS would be at the .024 that you had mentioned?
RJ
Sam,
I am guessing but... I think it was a sell off of the majority of shares at a lower price, then the price was propped up by a few hundred shares purchased at a high price, then back to the sell off
resulting in the last 20K shown.
Just my thinking,
RJ
gwho13,
On the business side of me I would have to agree with you. On the personal/emotional side I would like to see Adam have a chance.
I guess that makes you correct.
RJ
gwho13,
I agree with you. However I believe Brian was hoping to have
a couple of multiple sales successes by now, then request new shares and surround Kelly and Adam with a solid engineering team.
Things do not always go as planned, but even though we are walking
the line, I do not believe we are dead yet. If we can get paid for the two machines (reported in 10Q's) and pick up St.Malo as well as a couple sales from other projects that are behind due to funding stalls, we can be back in the game.
This is not meant as a pump or to squash hopes.
As Doc has said, it is what it is...and I say it will be if it can!
I trust that Brian will not let the doors close if there are sales looming in the near term. The problem is the two machines that we need to be paid for.
My take and thanks for your post,
RJ
Net,
Basicly, In my opinion FASC like many other companies are fighting
for their lives in this business climate. People in business know that the only Bank money available at this time is lines of credit that are subject to 90 day calls. Those that venture risk getting a call due to tight leverage regulations. Those that don't shrink unless they have their own capital. I personally know several
business owners with this dilemma. I also know a couple of my friends companies that are trying to get below 50 employees. If I say why here with a business truth I will get blown off the board for being political!! It is not.
Many projects are in peril and FASC is not the only company walking the line.
QL resources is 4 months behind and having problems of their own.
Just to repeat again for those who care to listen. FASC is in cash trouble. They are not the only ones.
RJ
Net,
I talked to Brian earlier today. His time is being spent on
collections right now. Several projects are being held up due
to financing.
St. Malo is just one of the projects that he is told is a definite go, but.....financing ? FASC needs something to break through.
RJ
Hi St Malo,
I am inquiring as to how your new investor appointment worked out? How is the financing going? Has the time line changed?
It would be exciting to visit your facility when ready, could you please inform the board at that time.
Thanks for anything you can share.
RJ
Waite,
Sparring with you is meant as persuasive argument! Nothing
physical allowed.
Hey, young man, I had a 97 year old client last night that was
pretty strong and had a great attitude. His claim as his greatest
accomplishment in life was being married 67 years. His second was farming for 80 years.
By the way, thanks for the lead earlier, but I am pretty vested at this time. I will watch and follow though in case some $$$ clears up.
Cast your bets folks, a few FASC shares still available!!!!
RJ
Waite,
You were put on earth to inspire people! Just say "go FASC!"
You sound like you must be feeling well. I am glad my predictions
are better than yours. It gives me the opportunity to spar with you
here and there.
Have a great evening,
RJ
Net,
We all have agreed with this for a very very very long time.
What more can we say, other than to continue with DD and hopes.
Once the butter gets hard, why keep churning.
Use the butter, (I do not know if this works but...)
RJ
Al,
You are to funny, I give up.
RJ
Al,
Once again, I do not know how to make it more clear. It has nothing to do with "acceptable" We have no choice. We already agree with wanting news. What more is there to say or do, but to do our own DD.
Repeat, rinse, wash conversation about news or PR's outside the 10Q is not going to do us any good.
Your opinion is ok, we just have our own.
RJ
Peter,
"apologetic"? Not hardly. Brian is a man and can speak for himself. I differ in opinion from Brian, but liking him hardly me or others apologetic for him.
I talk straight to Brian and he talks straight back!!! I think he could stand up to you or anyone else quite well. His being a straight shooter and my being a small business person is why I like him. I tire of pretty talk real fast!
I have lobbied hard for information for us. I do not know what more I can do. Others are welcome to join the battle. It beats a lot of whining.
I do value your being a Gentleman in sharing your thoughts, that beats whining also.
Thanks for posting,
RJ
PS. Brian accepts straight tough talk, but does not tolerate rudeness should you decide to contact him.
Al,
"No more lectures, or advice...if this goes on it will be a moot point anyhow... "
I am not sure, but do you mean you are done lecturing us?
For my part, it is an attempt at civil FASC conversation/dialogue.
We all have thoughts that I believe are welcome here. And yours certainly are also. But your conversation does seem to be a repeat of same again and again that everyone already is in agreement with, and has moved on.
RJ
PS. I do not see anything real soon from FASC, but I do not believe it to be dead.
Al,
The problem is this; even though many of us agree with you in that we deserve news. We can not do anything about it. Thus we go hunting. Maybe it is that anything Brian could share with us now would scare us away and he knows what possible potential there is? (an example/guess, not a statement)
I do understand your stress. I am stressed also. but, I am not in charge. Brian will run the show the way he feels is right. I respect him even if I disagree with him.
I also very highly respect Net and TR in spite of my being more cautious than they when it comes to projections.
My experience in business has shown me that good new and bad news are not evenly spaced. You can go through a dry spell just to be thrown quickly into more work than you can handle. I am not sure what is around the corner for FASC. However we do have lots of hints.
Thus, FASC is a "Gamble." That is why I have a hard time understanding Sun, when we should all know the risks of where
we are playing the Game. when you go to Vegas and you walk out with less than what you came in with, you expect it. Some one walks out with a boat load. The one who has the boat load is the minority.
It is the same here with all stocks. Especially in penny land.
Much of it is because most CEO's and Shareholder boards do not really care about you. They are interested in their own gain regardless of the responsibility that is supposed to be written in stone. It usually is written in Jello.
Brian is different. He realizes his responsibility. He does not go with the dishonesty that is prevalent in this business. That is why he is not willing to give up.
By the way, I have owned Ford, GM, Sears and Calpine energy in their hey days. I also owned them when they took a dive.
Believe it or not... GM and Chrysler are not saved. Anyone who knows a little about book keeping is aware of this. The term is "kicked the can down the road" Nothing is structurally fixed. These companies survive due to political correctness. If they had
been allowed to go through a legal Bankruptcy they would have had
multiple of "debtor in possession financing", the first terr Bondholders would not have been wiped out (the retirement accounts of many) and an appropriate restructuring would have taken place. (Shareholders and other Bond holders would have lost out)But the companies would be on solid ground compared to now.
Thus risk where ever you turn,
RJ
Net,
This board is about FASC, how-ever I do believe it has become
a place for a combination of FASC social interaction and venting
while we wait. Business is tough and I believe FASC is a niche product and the price reflects that. I believe that it should be
made more competitively, others do not see it selling more at a more competitive price due to being a niche item. (Cals' thoughts)
Either way, I believe Brian is doing all he can based on his
beliefs, and he knows better than I.
We have a tough road here, and as I have said before, I am gambling on Brians backing his business plan with determination. He has said they will have to carry him out.
RJ
Al,
I do not expect anything soon, but I definitely would
welcome it. I do have hopes and do not believe this is
the end.
Rj
Pat,
I think we would all like confirmations of good news. That is why many here go hunting.
Share with us what you can.
RJ
TR,
I do not know how many palm plants, but I do know they have three operational KDS machines. In one of the pictures I believe it shows them. They were confirmed by FASC a while back. Brian has told me and I believe you at one time shared here about a project they were working on that would have the demand for more machines.
I have not researched anything for quite some time. But the three KDS machines are old news.
RJ
Pat,
QL uses 3 KDS machines in their process. I do know that they are trying to get more online. They have the KDS patent pending in their system. How-ever I do not see their incentive to resell and create competitors?
RJ
Waite,
"I have one waiting for me up in Heaven--and "I am just dieing to get there to be with her."Waitedg
It is my understanding that you have a few of them waiting for you. Just remember that Mrs. Waite makes the priority appearance. You may need her to put in a good word for you?
Lunatizing just helps us pass the time of day. So I will get back to work! FASC is not paying the bills yet.
RJ
Net,
"So the only relevant question for me is whether this is achievable?"
Not currently with FASC in the form of direct sales. How-ever if you include Sales and MFG by JP Plantech, Malaysia and/or others I see it easily happening.
I do believe FASC could "grow up" into such a scinareo, lets see what the market place delivers.
I am beleiving that the KDS needs to be more automated and price efficient to compete in volume areas. A couple years ago when I did more reasearch,(I now do none) My conversation with potentials
was that the KDS final product was better, but the pellot market did not need that quality. Also, the KDS did not do the volume needed and was way more expensive for initial purchase.
As you have stated in the past, the KDS is a niche item. I believe that due to costs.
If powder burners catches on, I do not think we have any competition in that arena?
My thoughts,
RJ
Net,
"Have you ever calculated what sales would be needed for the pps to get to $1?"
No, I have not, but TR has. That would be fundamental, and I am believing that if, and when FASC takes off, assuming a couple events I have in mind, euphoria would take over and drive us the PPS before settling back down to fundamentals? Just thinking.
RJ
Sun,
"Perseveration of thought indicates an inability to switch ideas or responses."
You are correct!!! You won the jackpot!!!!
"The belief that FASC is ever going to run to a buck is the triumph of hope over (fifteen years' worth of) experience, I'm afraid."
Correct again!!! you are on a roll. Much better than normal!
How-ever, in Vegas the thought is this, I would rather be lucky than good at anytime!!!!!!!!!!!!!!!! To be good is card counting, and ...
Card counting is illegal or should I say against the rules.
Once again, Tables open! Cast your bets! I bet on Brian!!!!!
He does not want to loose. For FASC to fail is far worse than loosing money to Brian.
I would do things different, but Brian runs the game.
RJ
Hi Net,
My opinionated opinion (for your ears only) is that sometime in the next year (2013) we will see either a "Buck or 0.00" PPS FASC.
Cast your bets folks! tables open!!!!
RJ
Waite,
You got me! Perseverating is a word I learned at School recently.
I may as well not even try to get anything past you. It was fun using it!!!!!!
Lets see,.... if I perseverate "FASC is going to run to a buck per share", will I be a pumper?
RJ