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i keep seeing this phrase in the filing that people post wrt fasc being deregistered:
or, through their failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letters.
is this what happened?
there is one scenario in which this situation could benefit some of us. while unlikely, it is something to be hoped for given what looks like the imminent de-registration of the company.
if the company becomes private and subsequently enjoys some large scale sales it would prevent anyone from selling their shares (and leaving money on the table) until the company was successful enough to get re-registered.
i think most of us on this board would not trade much unless the company becomes a success so not being able to trade in the short term won't hurt us. (maybe sam might have problems extracting his government required withdrawls from his 401k).
i myself, while daydreaming of a wildly successful FASC, have wondered what my exit strategy would be if the price began to rise. being de-listed take that out of my hands until they can at least become successful enough to become re-registered.
i know that these thoughts are crumbs from a meager feast ... but something to hope for.
cheers
i find all the sniping from the cheap seats HILARIOUS!!!
this is the OTCBB for crying out loud. this is a mom and pop shop trying to make it in the big bad world of business. It's not a scam and it's not an evil empire of liars and thieves. they are people with not enough sales for any wiggle room or mistakes and they are making mistakes.
Of course they are a little inept...what would you expect??? if they were top flight CEOs they would be working for Apple of GM or GE.... or any company on the NASDAQ or DOW.
this is the risk you take when you trade on the OTCBB. this is what we all signed up for.
I'm in as deep as any and more than most on this stock and I for one still think they might make it work.... but it's still a crap shoot JUST LIKE IT ALWAYS WAS.
to get all indignant about it seems a little foolish to me because we all knew this was a risky play from day one.
cheers
it seems to me that brian/adam may be more focused on reducing debt than on driving up share price. or perhaps more focused on it that those of us here on this board.
can't say as i can blame them. SEC reporting/share price does not really drive sales and if they have no intention of selling shares in the next couple years, then it could be more important (to them) to pay down debt first. especially since most of that debt is owed to brian/cal's estate. not sure what all the considerations might be, but share price is not always the only one.
or maybe they are balancing the debt payment heavier than some here would like.
just some ruminations based solely on info read from this board.
cheers
charlie,
just got back from 5 days up at the grand canyon and sedona. it's an amazing experience. btw my number jumped from 2M to 3M in fasc shares if you want to update your numbers.
if you want any info or recommendations about sedona, you have my email address. i'd be glad to share what i know.
cheers
charlie,
i am of the opinion that nothing will happen to price share until the books have been updated to bring us into compliance...period.
i'm a gambler... anyone out west try Luna Malvada Tequila, which is another of my gambles. rated as the best tequila brand on the planet
i can wait six months or a year more to see how this plays out...since it's been almost 15 so far.
It will be interesting to see which play (tequila or fasc) pays out first (if either).
cheers
waitedg,
i'm guessing your hunch was wrong. the 450k was my buy.
cheers
i don't think a buyback is possible.
if fasc has sales to provide enough cash to start a buyback, the very fact of the sales will drive the stock price up, making a buyback less cost effective. also, the stock is held so tightly that a buyback itself would drive the price up fairly quickly which would (again) make the cost prohibitive.
the only thing that will raise the price of this stock is profits. the long history of mediocre sales will hang on fasc like a bad smell until they can prove profitability on a consistent basis.
as a 1% owner of the company, i hope they pull it off. but i'm one of the ones that needs a dime to start seeing green.
i am hopeful but jaded.
remember, warren buffet is 81 and still going strong.
brian may still have 7+ great years at the helm left in him.
fwiw
last week i sold the last 100,000 at 2.5 cents and used the proceeds to buy fasc at 2cents
it's been bouncing all over the place
charlie, i've been at 1.8M shares for awhile, so this will push me up past 1% ownership in the company.
yes, the recent DD has re-stoked my interest. fasc is one of 3-4 investments that could put put me into retirement in short order.
i'm pushing 50 and my birthday is next spring. i figure by then i'll know if fasc has really gotten some legs.
...back to lurking
the price burst is probably just me. i put in a limit order for 250,000 shares.
it was half filled then they moved up the price.
it still turned out to be a better investment than GM.
now that is really stretching to find a silver lining.
fwiw i'm one of those lurkers from long past.
bought my first shares in jan 2000 @ $0.08 and watched the run up to $0.75. traded some in the 20s so i made some money off of FASC...
shoulda, woulda coulda, oughta..... sold near the high and i could have cleared a quarter mil.....but i didn't. instead i bought more on the down slide... most recently at $0.05 in 2003 i think.
so now i'm sitting on 1,800,000 shares, cost averaged at $0.11
mostly i've been amazed (and very glad) that cal and brian have kept it going for so long. this is the first year in a long time that i have entertained thoughts of re-couping my investment.
bag-holder? maybe...optimistic? certainly...
gambler? ... what do you think
BTW waite & rj i'm a mich man myself. born and raised in kalamazoo, attended UofM and have since bounced all over the country (even spent a summer in vancouver and yes... i did meet brian and visit the facility back in 2002). currently loving life in scottsdale AZ. not rich enough to be this old but maybe FASC can help that.
also dipped my financial toes into EESTOR via ZNNMF for 10,000 shares.....cheers
Sam,
looks like you and i are holding the similar pile of shares (at least order of magnitude). i'm still a couple cents in the red, but i sure liked todays movement (i made back about $90grand in losses today). i'm in for the long haul...6 years since my first buy.....
sure hope it continues.... this is my motherload
cheers
must be more news coming....
i can't imagine all this action due to that last PR.
i hope it's a doozie
i imagine that the japan deal and this s. korean deal are the two sales mentioned booked for 2006 in the 10Q. if they get the 4 from prince george then that makes 6 of the 8-9 they plan on for 2006 in the 10Q.
i'd like to see 12 direct sales and 10-20 license deal sales a year. that probably won't be in 2006. my prediction is 5-10 license sales deals (most probably in 3-4th quarter), and say 8-10 direct sales IMO. which would keep them afloat.....and afloat is a very good thing.
still moving in the right direction, steadily albeit slowly.
now we only have to double instead of triple for me to be in the black. progress non-the-less.
every penny brings an $18,000 smile to my face.
cheers
now this is some really good news.....
more waiting, to be sure... but this is what i have been hoping for. if this works, every city is a potential customer.....all it will take is a very small slice of that pie.
now let's hear about some of that paper industry stuff....
this is nice, but i find it hard to get too excited about 4 cents....better'n 2 cents though.
let's hope is really good news (.)(.)
i don't hear any longs whining....you're the only one venting your frustration....sucks to be you
must be very frustrating when you try to drive a company into the ground and it won't die.... gosh and the investors won't sell any shares.... very frustrating indeed
and yet you stay here posting...nice to see your true colors jag.
raffy, enough of you..bye.
when i stay in hawaii, i pick my own places to stay. but i've never been a huge fan of hawaii... the fam likes it though
when i stay in hawaii, i pick my own places to stay. but i've never been a huge fan of hawaii... the fam likes it though
they never mention the front end loader they use either, or the dump trucks or the brand of computer etc....
KDS is just a piece of machinery...doing it's job...as designed. it is a tesiment to it's maturity that it has reached that level.
is it a revolutionary product for them ... probably not but it's a better choice than any other method of processing and i'll take that any day, as will anyone else who needs that job done.
the fact you are trying to paint a done deal as no good because we don't hear about it is laughable.
try another tactic .... basher boy.
once i double,(or so) i'll divest half and sit on the rest. then let's see how high this goes.
of course my fondest desire is that when we get close to my doubling this thing blasts past that so quick i can't react and i get a nice bonus..... and if wishes were horse then beggers would ride and if wishes were wing then pigs would fly..... as my mom always said
HAHAHAHAHAHAHAHA
i am currently relieved and no longer worried over my investment... when we hit the teens i'll get excited....and when we hit the twenties i'll start celebrating...
but i do love days like this... upward ... upward
you are misinformed again raffy,
the iron in the clay is most likely if a feric or ferrous oxide form which means it does not have a sufficient weight differential to be separated from clay by a purely mechanical means such as the kds. the types of precious metals that the kds was geared towards were found in particulate form which allowed them to gather at the bottom of the device while lighter materials were blown away.
the tactic of bringing up a 5 yr old failed project and trying to tie it to a currently successful one by mirepresenting the comparison is weak.....but typical of someone trying to divert the discussion with red herrings.
raffy that is an incorrect assertion, the KDS is processing the clay as expected and needed. the cleaning of the iron from the clay is an additional bit of processing that was never intended to be part of the kds's job.
i doubt if they are looking for a replacement, they are looking for additional methods to scrub the iron stained clay.
don't try to impose the view that since the kds can't do everything for everyone it doesn't do what it's designed to do.
anyone get a timeline for the 3000 development?
time will tell,
since i'm not currently buying or selling it's striclty an academic matter for me.
one possiblity is that what fasc brought to the table for the JV was the %50 of exclusive marketing rights in the area. in exchange for which they got a piece of the company.
of course if they are a part owner of the purchaing company and they are also the supplier of the KDS the fee srtucture/ discounts on equip and distribution of profits can take on any number of possible permutations, some of which are likely quite complex. since we are not privvy to those JV and purchase aggreements it is unlikely we'll be able to come up with a definative picture of the relationship.
it does seem quite clear that the parties are fully in bed with each other.....let's hope the honeymoon is a long and profitable one.
cheers
hmm, from that PR it looks like you could be right... i certainly hope so....mo-money is definatley better.
the big payoff in this deal are machines operating in the feild, which translates to credibility for marketing on other fronts.
the extra revenues also help keep the doors open that much longer to allow market penetration.
and that's what its all about. don't expect the overnight spike of some stocks, more likely a slow uphill struggle as they climb to sustainable profitability (like almost all companies go through).
fasc is NOT a partner in the power plant, just in the manuf/dist of the KDS. so the numbers are more like: for each KDS if sold at $140k might give a 60-90k profit of which fasc gets %50 after expenses.
so probably around $40,000 per machine. and it looks like they are selling an additional 5 machines short term.
$200,000 in revenues give or take. that 200k more than i knew about a week ago but not "the motherload".
this development should stop the bleeding. subsequent announcements if they should occur in a timely manner might allow us some gains.
but stopping the bleeding is a MAJOR change in situation.
that is a kick in the head for waitedg.... but since i'm still cost averaged at around a dime...i'm still hoping for me and mine..... with any luck his new investment will pay off handsomely as well.
sam,
wouldn't mind a celebration party.....someday
TR, i welcome anything that keeps the doors open. as i've always said, this company will ultimately succeed or fail and i will make a lot of money or lose a lot of money. those are the only two endpoints for me. i would prefer that success comes (or had come) sooner, but i believe if they can just keep the doors open long enough they will ultimately prevail.
i have fought the good fight, i have run the good race, i have kept the faith......
let's hope i am right.