RJ - I second your post. And on a related note, I am afraid "the fat lady has finally sung". And if, as you say, you can be right in a wrong way, then, I think also we can be wrong in a wrong or right way. To your $80K loss, add my current $50K loss. And, to be honest, in an earlier in and out situation of years earlier I would guess I might add an approximate additional 40k loss to likely match or possibly surpass your total. Always liked to beat you at something!!

One thing we have not lost RJ--is our friendship. That's worth approximately 50K and a piece of frozen strawberry pie.

My thoughts on how to accept the FASC loss. Its okay to "mourn" a bit. It hurts to lose a lot of money. And like any other type of "grief", its good to get a bit of consolation from others. We are humans. We make mistakes. But, after a bit, we pick up the pieces and move on. One door closes, another opens.

Regarding FASC stock: Still wouldn't wallpaper the bathroom with it. Would "stick it in drawer" mentally--consider it as gone--the loss will fade. Character is being formed in the process also--either for good or bad.

As for this Board: Feel interest may fade rather quickly. I Hub, I believe, leaves inactive boards up for a considerable time. I hope occasional posts will occur.

Finally, RJ, I consider my years here as not a totally wasted experience. I like to study people, their character and motivation. Where else could we have learned more about the politics of Reno,Nevada as we shared FASC investment information. Good luck and fortune, my friend. It was so nice meeting you, your wife and lovely daughter.- Dave

Renee - Have read your informational links. I think they are very helpful and well presented. Thank you for helping to clarify for us our alternatives. - Dave


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=112980990

Sunspotter--

Although you are one of the Moderators, I think your posting in the Ibox (link below) should be redrafted. I have been past critical of board moderators who discouraged the kind of DD we are now getting, by not responding, ignoring or discouraging it. I believe in a balanced board that keeps all possible outcomes in consideration even though the odds may tilt very strongly in one direction.

Might I suggest, as just one investor with a contrary view, that still a positive outcome should not be ruled out. Janice provides this. Might you consider also doing so--even though you believe it is entirely unlikely? I hope this post does not get deleted. Even so, it is a statement of my investment philosophy. Dave

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113006067

Janice - I hope you stay with this board until we have a clarification of how Brian handles this situation one way or another.
Your input and postings are helpful in our transitional situation. As you said, it should not be too long before the answer is clear cut. Thanks for your help. - Dave

RJ - It is good that you are back.- Dave

The following Email was just sent to Brian and Adam.


Brian and Adam -

The following links may be helpful to you in facing hoped for reinstatement of FASC. Hope it is helpful. - Dave

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113142978

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113132951

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113136682

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113136319

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113138380

Sam - For your information. Adam's last name is Powell--not Nichols.

Thanks, Janice.- You have clarified things well. I will take my understanding and pass it on to Brian and Adam--both for support as well as possibly adding a little new information they did not already have. Going before an Administrative Law Judge can be a tense situation. Being as well prepared as possible helps. - David

Janice - I was a Vocational Expert in Social Security hearings--at times working for and representing the Soc.Sec. Adm., and at other times employed by law firms to represent their clients--but at all times in hearings before Administrative Law Judges in appeals in disability hearings cases. So this part of your response I can relate to well.

But please clarify for me: " The company needs to talk to Hughes before then." Just who is Hughes and how does he figure in the mix. Will appreciate your answer.. - Dave

Sam - Offering to donate FASC shares to them would not, in my opinion, be a wise move. First of all they are now virtually worthless in the Gray Market. Secondly, we need to be supporters, but not enablers, at this point. There is considerable difference. Brian and Adam nay have some motivation to scrape together, sacrifice, etc. to get this present elephant off their back. Particularly if they want something compatible withe their updated web site, and the ongoing sales or sales possibilities that TR and Net-Man allude to. - Dave

Let's start thinking of a possible positive scenario out of the "ashes" of this stock. Brian and Adam need $100,000+ to pay auditors, and get financials approved. (Brian told me in our phone call he had the financials pretty much "ready to go"--could act quickly. The money and the large multilevel order to achieve it--was needed). Janice tells us it will be somewhere in the area of 30 days that the meeting with Chip Welch will take place. I think the necessary financials preparation for this date can be achieved.

Now, Adam, I understand, is the one paid employee right now. Perhaps a serious father-son conversation occurs or is occurring. Perhaps Adam has to sacrifice his salary, and together they figure out they are very close to a turnaround situation--and together they can find a way to come up with the $100,000 plus needed for auditors. A part of their thinking might include the fact they have recently updated the web site. This would indicate they are closer than we think to turning around. (Of course, there could be self-centered motivations for improving the web site, but did not have the shareholders welfare in consideration.

Now finally, Janice has pointed out that no one in FASC's situation has proceeded with the Form 10--and still chose to keep shareholders welfare in their very impoverished and/or greedy but new situation. I see why the odds are very poor. Little money to go around and/or corruption.. Still people have to live with themselves and their consciences. Rough world and the odds are not good. I once won a 20 to 1 odds bet at the races in my earlier years. I would still buy a $2 ticket on FASC. - Dave

Janice - I think also we will know in the fairly near future. Subjective information is not valued too much on a bulletin board such as this. Administrators want factual data relating just to the stock. This is understandable.

Character is hard to evaluate. But as a Licensed Professional Christian Counselor much of my life--and one who trained and supervised teachers, etc. I have a fairly good gift of judgment of character.

A fairly recent conversation with Brian, as well as information picked up here and there over the years, gives, in my opinion, much greater odds than others as to FASC being the rare exception to the rule.

The reality and objectivity you and your associates bring to this board is welcome and long needed. I ask only that we don't close the door totally until we see if and how Brian responds to the present situation. - Dave

Thanks, Janice. I guess I believe in long shots--or else I would not have been in penny land in the first place. Before we nail the final nail in the coffin, let's remain open to see how Brian handles this. David

Janice -

Thanks for your response and clarification. i sent it on to Brian and Adam:

To: Brian and Adam,

The following link was provided on the Investor Hub FASC Board in response to my question as to what options may be open to you. I thought it might be helpful. It may clarify the options and pathway open to you. As mentioned in previous Emails, I remain open to help in any way I can.

Best Wishes - David Waite

I am forwarding a copy to my son, John, who is also a shareholder in FASC

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113105116

Janice -

You, and the other new faces here, are providing a calming influence with realistic answers. The kind of DD you are providing has been long needed on this board, yet discouraged. I find your assistance here helpful, and to most posters--a likely transitional service to us as we face what is statistically very likely--the demise and worthlessness of our investment.

But I want to ask you several contranion scenario questions. Assuming the very long shot situation occurs:

(1)Brian Nichols comes up with the money to get his fiancials up to date and proceeds, and

(2) Assume that he is the rare exception who is not out to chisel the shareholders.

What are the possible scenarios of a Grey Market company working with investors? Could the hurdle of getting reinstated be at all possible? Or does the present situation likely totally limit FASC's current options to only existing as a private company? If so, what are the restrictions on privacy and confidentiality of management toward private investors--as compared to a listed company?

Will you kindly respond to this for me? We are fortunate to have someone with your expertise helping us. Thank you - Dave

Hello Adam,

I sent the attached Email to your Dad two days ago. Several months ago I had a very pleasant conversation with him. You might want to read the attachment below before continuing.

https://mail.google.com/mail/u/0/?tab=wm#sent/14ce81991b1b70b9?compose=14cf1e6d371b1cc4


Your response to an Email from Charlie was an interesting and insightful one. You told him that we should be helping you at a time like this. After reflecting on this comment of yours, I agree with you. I, for one, want to offer what help and support I can. Several others I am sure will agree with me. Our Investor Hub FASC Board can be an ongoing instrument of communication, contact and information for present investors and those of potential interest for you while in the Grey Market status.

Please feel free to share with we how we can be helpful. My Email is Waitedg@gmail .com, and my phone is listed in my Email to your Dad.

Your Dad thinks highly of you, Adam. I picked this up clearly from my earlier conversation with him. And he feels concerned about bringing you into FASC 8 to 9 years ago--and wants very much to see FASC become successful for your sake as well as other reasons.

I read his statement to shareholders. Let's see how we can still make it happen.I will gather support on our Investor Hub Board--and we will do anything we can to help you keep us going.. Best wishes - David Waite

PS - Please feel free to contact me via Email or phone at any time.

This previous post got screwed up (Refer to previous post). The ending which got deleted should have read "Faith hope and charity (love put into action), but the greatest of these is love or charity. I then made reference to the fact that I hope to do that--referring to my letter to Adam. This also got screwed up because a link within a link doesn't work here. So I will copy and paste as best I can in next post which is letter to Adam. Dave

Below is my letter to Adam.


https://mail.google.com/mail/u/0/?tab=wm#sent/14cf1f897d26104a

Charlie - or Someone - Can you please re-post Adam's Email address. I know you posted it, along with Brian's, several hundred posts earlier, but I failed to make note of it at the time. Thanks - Dave

The earlier post below appears to summarize the consensus opinion of our current status:

"Excellent points, Janice. Everything points to FASC is and has been just trying to run the clock out on shareholders so they can pilfer the technology and leave shareholders holding the bag."

Today's posts, in addition, seem to objectively drive the final nail in the coffin. AS I have carefully read the huge number of posts over the last couple of days, FASC has dug its own hole, and is now "sinking in a quicksand" to which there is no possible solution.

Let me at least post one ray of hope. I still believe in the possibility of a miracle here. It is okay to stand alone at times, and I guess, as far as FASC is concerned, I am. All objective information proves to the contrary of my opinion the demise of FASC, with little more than wallpaper worth left. I will be the extreme contrarian, and disagree with this consensus. It's okay to look foolish and stand alone at times. - Dave

Message revised on next post. Dave

Thanks lucky,mydog for taking the personal info out of my message. Here it is again reposted with correction. (Can't help but comment on your screen name. I had a favorite dog a few years back--and his name was Lucky)

Below is my Email to Brian -


Hello Brian,

Yesterday was a difficult day for all of us--and I imagine especially for you. In our previous conversation you told me that it would take a large, multiple order to make us compliant with the SEC--such as 15 to 20 units from France. You may recall my telling you that I have been with FASC from near the start, being a nearly 89 year old man on hospice, and having 2.7 million family shares.

I remember three specific impressions--things I recall from our previous conversation:

1. Your concern about Adam as you had brought him into FASC 8 or 9 years ago.

2. Your commitment and belief in the technology.

3. Finally, my impression as to your honesty--and commitment to stand by us FASC investors.

There was much upset on the Investor Hub Board as we digested the news of the delisting. I am aware that one of our board members, Charlie, sent you an Email questioning your integrity. It appeared the SEC had sent you a warning notice of the delinquency, and this appeared to be in conflict with what you had told him. Perhaps you could explain.

Now that things are quieting down, I am going to ask a pointed question. Adam indicates it would take a series of multiple orders to have sufficient funds to handle the $100,000 needed for costs related to bring us to compliance. Is this still a realistic goal even with delisting? And if FASC becomes private, should shareholders hold out hope that their shares may in time retain value?

I know you care about Adam. I hope you still care about us also. In a sense we are quite unique--like a large family. I believe in resurrection as I have three times in nine years been on hospice care. I was supposed to have passed on six months ago, but am still here. I care about my two sons, also--my oldest particularly--who could use the help in his old age that a restored FASC could make possible.

My thoughts and prayers are with you Brian. It has been tough for all of us. My phone is xxx-xxx-xxxx. My Email is Waitedg@gmail.com

Respectfully,

David Waite




I

Thanks, Charlie. Will start typing up my Email to Brian--and post it after it is sent. Dave

Charlie - I am still waiting to hear from you on best Email address for Brian. I have an Email prepared to send--as stated in earlier post--and will share it with Board, after I send it. Dave

Or whether there is $100,000, as Adam stated to Charlie, as necessary to complete things - Dave

Charlie -Thanks for your response. I think Adam and Brian must both have had a rough day also. Perhaps calling his Dad a liar is why he lashed back so strongly. A lot of frustration on his part--some quite understandable.

Your Email shows something that Brian told me, and TR and Net-Man would not accept. "We need multiple sales in a row to start paying this debt." Exactly what Brian told me, yet no one took my comment on this seriously, and posted other explanations that incorrectly assumed we were just a step away from compliance. We have needed Al and Sunspotter on this board--but as soon as they posted few if anyone would respond. The overly one-sided optimism was and is not accurate in this assessment. And TR and Net-Man need to face this. It shows a leadership board problem that is still hard for them to face. Sorry, TR and Net-Man, but these are my true feelings--even though I am very fond of both of you and your contributions. And I know the financial loss at this point to each of you is very great.

Charlie, I would like you to send me (or post) Brian's Email address. I am going to try something. It is better than a phone call--for it can be saved for reference. I am going to use a strategy or approach, that I will share (post) after sending, and it will relate to your Email, Charlie. Nothing to lose. - Dave

Anyone want to buy FASC on the grey market? Don't think so, as they didn't want to otherwise. Some of us have been saying for a long time that a part of research and DD is researching the motives, intentions, and character of the head man.

If Brian thinks there really is a good chance of us "making it"--and we really are "just a step away" --or things will happen "soon", he has a chance to show his character. I miscalculated my loss as listed on an earlier post --it is actually just about $50,000.

I guess I will still have to stand beside TRCPA. I will not give up the miracle happening here until it is proven to me by the facts and what happens. I wish RJ would make a post here. Maybe he has nothing to add.

In my conversation with Brian, my impression was that it would take a large multi-unit order to get FASC on its feet. We haven't had that. As stated before, I will await Charlie's post, and see what he has to say about Brian's apparent lie to him. If it was that, then I think we are, for all practical purposes, dead. On or before May 5th there will be more clarification--but it doesn't look good no matter what it is. Dave

After reading the "ton of messages" today, my conclusion boils down to Charlie's earlier day message in which he stated that Brian had lied to him about having had no SEC warning from the SEC--and then providing proof that he had. I am waiting Brian's response to Charlie. If no reasonable explanation, and if Brian does not take action within the next 10 days, this my thought.

Kiss goodbye to my, and also now my family's $40,185 loss. (2.7 million shares at a cost basis of .0185 per share).

I think I will then have an aide fix me a frozen margarita--and likely down it quite rapidly. Finally, I will admit to myself that I made a bad investment over 15 plus years--but at least make a few good friends and relationships.

Bitterness is a cancer. Life is full of mistakes, and we pick up our marbles and move on. Brian remains the one remote hope. I think we should have maintained a little more respect for Al on our board. I apologize for that Al. And I think Sunspotter is in the same category.

Having said all this I will add, "It ain't over till the fat lady sings". Or as Yogi Berra used to say, "It ain't over till its over".
I believe in resurrection, but in FASC at this point my remaining faith is being mightily stretched. - Dave

Charlie - you suggest maybe buying shares. Do you realize that with April half over only one order has gone through over $300. YOu can't buy any substantial shares except at a high premium.And the same goes for the sales side. If a person is willing to buy 10,000 to 15,000 at a time ($100 plus dollars at a time) I guess buying could be achieved. For some the commission could approach 10%. FASC is indeed extremely illiquid in both directions now. Dave

What is quite amazing Cpac is that FASC as well as myself are still even here. I am a year now on hospice. It is starting to get a bit embarrassing to go on ticking when I was not supposed to have made it 6 months.

FASC has "died" in the eyes of a lot of former followers. Yet a handful of us hold on. I have to be declining every 60 day re-certification or I would lose hospice. Yet, I think I am going to be a good "takeover candidate" at the proper time--and soon--and under tremendously improved and closer supervised management. Here is a unique Daily Inspiration I received today: " After the death of the body all revive as to their spirit, usually about three days after the heart has stopped beating." From: True Christian Religion 281 - Emanuel Swedenborg.

As I get ready to depart this world or to "graduate", I increasingly see FASC, just like my life, in God's hands. And I still believe FASC is going to make it. But I would add--in God's timing. His timetable and ours can be quite different. So hang in there. Everything, including FASC, is under His control.- Dave

Beischens - In regard to your earlier post: "HMMMMM Zero volume. It must be Wednesday."

What did you think of today's volume of 32,000? Of course it was Monday, and the accumulating, over-the-weekend demand was building to account for the high volume. Things will likely quiet down again as we approach Wednesday. - Dave

My hope (although fading at times) is based on certain considerations:

1.Brian hopefully would not have updated the FASC web site unless he had expectations of our moving back into compliance.

2. Brian has a genuine belief in the value of the FASC technology.

3. Brian brought his son, Adam, into the business between 8 and 9 years ago. My take is that he is deeply concerned that these have not been wasted years for Adam.

Where I question TR's and Net-Man's observations is that I believe it may take more that they are calculating to get us into compliance. I still think we may make it. But I do not have enough confidence in my belief to add more shares. (Shares can be bought after the proof is in the pudding--if that is how things turn out).

Well -- the one thing that appears to be true is that unless management can bring us back into compliance, we are headed back to a one cent or sub-penny stock again shortly.

I have no questions personally to ask Brian so am not moved to call him. The only question I might ask about compliance possibilities, I do not believe he can or would answer.- Dave

Patrik - Few sellers for two reasons: 1. Take a bath if one tried to sell a substantial quantity--although current bid/ask has narrowed. Also few sellers because the possible reward is very great if the DD dug up, plus the investment in an updated web site, etc. are precursors of better things to come.

On the buy side, few know of this stock, and who would want to buy a new stock that has been delinquent in its financials for this long a period. I think also that some who have interest might not want to buy until "after the proof is in the pudding". Good news could be explosive for FASC in my opinion--if you see .015 to .04 as explosive (Same as a $15 stock suddenly going to $40).

Just my thoughts. The waiting is maddening, but the options above explain to me why volume is virtually dried up for now. Dave

My take on FASC: I still believe FASC is going to make it. And I sense it will make it while I am still living. This is quite a positive statement as I am starting my 11th month on Grace Hospice. I take the recent updates and improvements in the web site as one criteria. You don't sink money and improvements into a dieing fish. Add to this my own conversation with Brian along with what I pick up from DD dug up here.

But, along with objective, evaluative factors, there is with me also a very high subjective, spiritual factor. Why am I, at the end of my life, holding onto a stock I have followed since near its inception? One thing very important to me is what happens to all the shares upon my passing? How will they be used? I sense in my spirit that a blessing of a spiritual nature is coming and I will see the start of it. Really if FASC stays at .01 or goes to 20 cents, it makes little difference to me personally. They are God's shares now, and I think He has a good plan for them with my son. Subjective? Indeed. But I weigh this heavenly in balance with the objective, measurable criteria. - Dave

I have a different take on things. If no financials in next 3 to 4 weeks, there will be shares being bought at .007 again Dave

Cpac - I agree with you. We are back to .01 again and a trade below it. Brian complies or we are headed down. Anyone here want to pay .0194 for shares now? I don't think so--and likely not .015 as well. Dave

The following is a copy of letter I sent to Tom bishop. Tom has had a leading investment newsletter for over 30 years. I was a former subscriber. Tom's readership could help give FASC a substantial rise if it becomes worthy of his recommendation.


March 16, 2015

Tom Bishop, Editor
B I Research

Tom -

I received your offer for a subscription to your investment newsletter. As I am now on end-of-life hospice care, am not a prospect for renewal to your newsletter which I enjoyed way back in the 1980's. I am, however, going to send you a “lead” on a company I have been involved with for 15 years that sells for about one and a half cents. It has not been compliant for several years with its financials, and there is little information on it other than the Investor Hub Board. The company is First American Scientific Corp (FASC).

Before saying more I must add that my family and I hold 2.7 million shares (average cost .0185). Three holders have 5.5 million shares each, and between management and our Investor Hub Board we control about 40 % of the 200,000,000 million shares.

You like “digging” and this will take some on your part. The CEO of the skeleton staff is Brian Nichols. I think the potential here is much greater than the InVivo Therapeutics. The risk is high but the reward could also be very large. Suggest you get involved first with out FASC Board, then contact the CEO. You could use my name if you wish. Think this just may be the “breakout year”. Ihub posters such as TRCPA, Net-Man, Charlie and others would be helpful to you.

Suggest you give it a look/see. It could be a very big winner for you and your readers.

Best wishes,

Dave Waite

Net Man - No, I haven't recontacted Brian. See no point to do so right now.
Dave

Perhaps my two cents worth will clarify things. As you recall, I talked with Brian for a good 15 minutes. My understanding was that it would take a good size order--like a 15 to 20 unit order from France--to get everything up and running with FASC.

This perhaps is a more accurate analysis of things. Those who talk with Brian seem to get no clarification as to just how close we are to getting compliant. Perhaps this should be expected as it might violate Brian's role to indicate specifics.

I appreciate the continuing DD that is dug up here, for without it this board would dry up in short order. But I also take it with a grain of salt, as the "soon" just does not come and the frustration grows. As far as the price being better than last November, it is true that we had trades back then as low as the mid .06's to .07. Now we are starting to get them again at .012 and the short term trend is down again. I think this will continue if the status quo continues much longer--as it appears to be doing. The updating of the web site is a positive--that should give investors more hope--and likely is related to the recent improvement in bid ask. But this will fade sooner than later without compliance. -Dave

Having a 73+% spread between bid and ask shows the continuing dilemma we are in. No one wants to buy a stock that has virtually no market, and in which he will take a73% hit if he wants to get out of it.

The bottom line is that nothing will do us any good until/unless we come back into compliance and start getting FASC directed news releases. If March does not become the answer to "soon", I think we will start heading back to late 2014 prices--in spite of anymore promising DD dug up and shown here. Reality is that it does not have any appreciable effect on stock price. - Dave