TR - I certainly hope you are right. I understand France quite clearly. What is your opinion between CTI, Sawipac @ JCL as to which one might offer us the best and/or most immediate possibilities?

Also, what is the current status on St.Malo? Shouldn't we have been hearing back from him one way or another by now? Dave

Interesting and realistic article on DRYS:

http://seekingalpha.com/article/2648415-update-dryships-earnings-continue-to-confuse-by-playing-the-game

Charlie - A mere 73% more desired on the offer side than anyone is willing to pay on the bid side. About the widest bid/ask spread we've seen. Who gives in? Without news, and with tax loss season, etc, I believe it will be the ask side. But we may continue to have quite a few days like today.

Brian certainly cares about FASC and its technology. And we sure wants FASC to make it for many reasons--but I think most important to him is that he brought his son, Adam, into the company eight years ago. Adam sure is trying.

I am disappointed that we are not been hearing from St.Malo for quite a spell. Must have run into more roadblocks. His silence is certainly not encouraging. - Dave

TR - Do you have any good links, info etc on IQM and its relationship with FASC? Thanks - Dave

Net-Man -

To condense your statement:

"My thought is the difference between Brian and Adam is more about retiring versus growth over time. A large sale would certainly clean up the balance sheet and allow Brian to retire. That, however, cannot be a primary goal of the business."

I differ with you here, Net-Man. I believe in this situation it is not only the primary goal of this business but the primary need. A status quo, with just financials updated, would be but a band-aid here.

Brian really needs to phase out. FASC, in my opinion, with Adam, but no Brian, is not a realistic concept. I think Brian must have a replacement soon, and move into a semi-retirement consultant role. I think this need has been there for the last couple of years, and is growing more critical rapidly.

I further believe that unless we get the big order, we are going to flounder around in the sub-penny world until we either get the big order or close shop. That's how I'm figuring my investment here. Dave.

Charlie - Interesting and informative update. Perhaps the difference between the 15 to 20 number and the 2 to 4 number relates to a differing degree of what turn around means.

The 2 to 4 number might be a number that gets the financials reinstated, and gives a limited amount of breathing room to keep things ongoing.

I doubt that Adam's figures included the full picture--Brian's situation, etc.--and the transition to new management. I still think the figure Brian gave me is correct if we are seeking more than just a band-aid solution that keeps us more than just temporarily afloat, and reflects what is needed for a true turnaround to occur. We will see. Dave

Sam - I would take what Adam said to you as likely being the most accurate--for he is the one who has been doing it. Before anyone buys a large quantity of the amount of dollars involved here,however, the company will likely want to make sure that they have all the kinks out of it, and that it is operating smoothly and profitably.

Perhaps the timetable is somewhat shorter than I had been thinking, but it still can take time for all that has to happen to actually happen--assuming the most positive scenario we can. Let's hope that is the case. Dave

Sam - You are exactly right: "Netman, I think the French situation(as reported unofficially) is that they just got a KDS. And IF they are
happy with it, they MIGHT buy 15 - 20 more KDSs. PSI wish they "were planning an order of 10 - 15 more"!

My impression from Brian is that this one installation just occurred, and IF other orders followed they could be well down the pike in terms of time.

I differ with other posters who believe small unit sales will get us "out of the woods". Adam is paid and his travel and other expenses have to be covered. My investment decision is based on the belief, as I got from Brian, is that only a large multi-unit order would get us out of the woods. My previous post expresses my beliefs. And so I still think we may well hit .005. Dave

I should point out that I have another 300,000 share buy order in--but at a low price. My reasoning is this. In talking with Brian, I don't think that bankruptcy is imminent in the next few months. I do feel there is a time limit, however, on just how much longer Brian can support this effort--both in terms of age and health as well as finances.

I figure if Adam has gone to France, and they are still thinking of the possibility of a large order, they will keep the doors open until this either happens or fails. This, I think involves time. I think when we start getting down around a half cent a share, we will form a base, a market where people will want to buy on speculation.

The term "lottery ticket" has been used here. So, say a person buys 10,000 shares at .006, he has spent $60. A lottery tick expires in a week. The FASC keeps its value at least, and maybe increases slightly. If FASC went to .20 the $60 would turn into $2000--a 30 bagger.

I like this kind of risk/reward--a very muted risk with a potentially high reward. I think there is strong possibility we will hit the .005 level. At what level will anyone start buying in 100K or 200K quantities besides a couple of us "bottom fishers"? Don't know. But not much interest until we get down to the .006 level. And I think we still have to hit a bottom here. Dave

TR - Why anyone would want to fill a sell order at .016 when most all of the day's transactions today were at nearly 1/3rd of that price at .0062 to .0065 defies my understanding.

I have accepted the fact that the market is now putting a .006 plus price on the stock, and I don't see much interest in people buying even here. I think we are going lower.

I think the time has come when the price of FASC's non-compliance and non-communication with the investment public is going to give us a next to bankruptcy price. Only FASC itself can change this. Just my opinion. Dave

It is my belief that the trading in the stock may now head down toward the .005 area. Too many shares offered at the ask (over 400K)--and maybe more behind these. And most of the trading down in the .0062 plus area today.I further believe the ask may soon be moved down to reflect the real bid/ask situation. I see no change until or unless something comes out of FASC itself to change this. To be honest I have a standing order in below the current .0063 bid. I think our trading short term will all be sub-penny. Dave

Below is link to today's trades:

http://quotes.freerealtime.com/rt/frt/M?IM=quotes&symbol=FASC&type=Time%26Sales

TR - Believe you me this is not MM adjusting their books. As I earlier posted, I had a standing order in at my earlier projected price area. That got filled (120 K at .0065).

Because I believe in being open, I have a larger order in, but in at a lower price than the current.0063 bid. I imagine Net-Man or some other bottom fisher(s) picked up the balance of the trades this morning. We still have over 400,000 shares wanting to be sold at .011. I don't think we will see buyers for the short term at much higher than this morning's price. And I absolutely do not believe it is MM filling up their books. Many MM may well be wondering whether FASC is going to keep on existing much longer which is a legitimate question when we start trading down in the .006 area. Dave

Sam - I, for one, think your report is encouraging -- 20,000employee! When you can talk that long with Adam that, in itself, is encouraging. Encouraging enough to keep my "hat in the ring" If you were like me with Brian, he probably left you in neutral as to the odds of making it.

Glad you "invited him to the FASCeestacelebration party. Soon!" If he came up with a 15 unit French order, I imagine the drinks would be on Sam. - Dave

Cpac - Lottery tickets in Michigan pay out 45 cents on the dollar. Indeed a foolish place to put money--and a way that tends to trap the poorest element of our society.

I weigh another factor very high. That is my impression of Brain after talking with him for 15 minutes. That swings the scales more to the positive side for me more than any other factor, and takes it a little out of the lottery ticket comparison.. But the high risk is there.

I like the man. As he said to me, "I'm not that much behind you in age". A man my age, and my condition should be sipping margaritas with Sam, and not be running a company. Any further comment is simply rehash. Let each investor make his own call. Dave

Sunspotter

I have in the past been involved with a stock which had the "CAVEAT EMPTOR!" designation. And saw it delisted by SEC and literally fall to next to nothing in value. So the risk, along with Brian's age financial status and skeleton crew are all legitimate high risk factors.

This has to be weighed against what positives remaining investors may feel--in which I believe there is a definite time clock ticking. High risk, in my opinion, as stated before. If we make it, also high reward.

I think anyone going in should not invest unless willing to lose his or her money. Those in are basically stuck, for there is not enough demand to suck up many shares above .005. Having said all this, for those willing to have a very high risk situation, the reward could be great.

For me, I am prepared to write this off as a total loss of $50,000 plus (including family shares I bought)--or provide a nice nest egg for my family members. Either occurrence may happen. Dave

Net-Man and TR - We will have to agree to disagree. I think the referee in all this is going to be the stock price. Dave

TR - I do see it as an either/or situation. Either the big order or we are headed lower in price--which I believe is what will happen. I still think .006 is coming. I do not rule out a big order down the pike--but I think it may be considerably down the pike. Just my opinion.

Regardless of the DD you and Net-Man and others dig up, until FASC is able to take on its management and communication responsibilities toward investors, the stock is going nowhere.

A real question is just how much longer Brian and Adam can hang on if there continue to be disappointments and delays. I would say not too much longer. FASC, in my opinion, is a very high risk, speculative investment, and anyone tossing any dollars on the table at this point had best know there is a fair chance they will be lost. Dave

Net-Man

In response to your post: "Let me pose the question, how is FASC or shareholders served by using the entire proceeds from any one sale to pay off all of the debt? What is left to grow the business and further create shareholder value? While doing so may benefit insiders, I fail to see a good business plan coming from that strategy."

I think you are not taking into consideration a CEO approaching 80, with a skeleton staff--a son who earlier was reported to be good at the technical, installation side of FASC, but not much interested or gifted in administration (RJ). And a bookkeeper/accountant, although available, who now is in another business for her survival.

Your commentary still, in my opinion, ignores these factors. Brian's words to me led me to believe that to get FASC transitioned, a big order is necessary. He has worked without pay for a considerable time and deserves to get cleared up financially--as part of top priority with company--as well as to start the process of the company's obligations to Cal's estate. This is going to require hiring a replacement for Brian, keeping Brian in a phase out consultant role for several years, etc.

I still think we are headed toward .006. The proof will be in what happens to the stock price between now and year's end. Dave

Net-Man -

In regard to your comment: " The second thing about Brian is that his desire for a large deal is driven more by his personal timeline and legacy." I would agree in the sense that at his age he naturally would be thinking of a scenario which would make it possible for him to start to phase out. A sale here or a sale there is not going to accomplish this. And at Brian's age, just keeping FASC existing is not much of a goal.

In response to your second statement: "While none of us would be disappointed when a multiple machine sale happens, deals with 1 or 2 machines would be accepted too.

I disagree with you here. This will not solve anything really for the company--as Brian's time clock is running out. Might make you and TR "happy"--in that it would provide a short term band-aid toward averting bankruptcy. But it leaves Brian, and therefore Adam, between a rock and an hard place.

FASC and Brian need the transitional capacity and money to effect the changes I previously mentioned. Without this, in my opinion, we are just stirring the pot a bit. FASC is a very high risk investment. With a price approaching sub-penny, it accurately reflects this. Beyond the French situation, the proof for me will be in the pudding, and the pudding looks pretty much one-flavored to me--if it is going to occur at all.

Your belief in "new revenue stream" and "other irons Brian is not revealing" I will believe only if they become real. Sorry to differ. I still think we are heading toward .006, and the French situation is my basic hope for getting my money back. We differ here, Net-Man.- Dave

Sam - You ask: "WAITMAN, I don't know what they are putting
in your hospice "juice".. but it sure makes
you erudite."

Actually, Sam, My three children bundled me up and took me to Applebees last night where I had, "A double margarita with crushed ice, hold the salt" Beats tequila 10 to 1 and makes me short term very erudite.

It's a funny thing about we FASC investors. We are very much like the old Timex watch commercial:"We take a licking, but we keep on ticking".

I learn to adjust to those around me. Have a new Korean hospice volunteer, so I am developing a "Korean personality." Will share a couple of jokes as well as a little of my new Asian personality:

Q: What do you call a Chinese Billionaire? A: Cha Ching!

Q: What has 2 wings and a halo? A: A Chinese telephone, Wing-wing, halo? :

Q: How do you know if a China man robbed your house? A: Your homework is done and your computer is upgraded.

Q: What do you call a Chinese woman with an opinion? A: Wong

Q: What do you call a Chinese dwarf? A: Tai Nee.

Q: What do you call a Chinese woman on fire? A: Mel Ting.

Q: What did this Chinese father (David) tell his new daughter(Cathy)? A: You allergic to bees.....Good! Get A's or C your way out of my house.

Serious question for Cathy. If I were to spin you around would you become disoriented.

Now for good, final Asian joke:

An airplane takes off from the airport. The captain is Jewish and the first officer is Chinese. It's the first time they've flown together and it's obvious by the silence that they don't get along. After thirty minutes, the Jewish Captain speaks, "I don't like Chinese." The First Officer replies, " Ooooh, no like Chinese? Why ees that?" The Captain says, "You bombed Pearl Harbor. That's why I don't like Chinese." The F.O. says, "Nooooo, noooo... Chinese not bomb Pearl Harbah. That Japanese, not Chinese." And the Captain answers, "Chinese, Japanese, Vietnamese... it doesn't matter, they're all alike."

Another thirty minutes of silence. Finally the F.O. says, "No like Jew." The Captain replies, "Why not? Why don't you like Jews?" F.O. says, "Jews sink Titanic." The Captain tries to correct him, "No, no. The Jews didn't sink the Titanic. It was an iceberg." The F.O. replies," Iceberg, Goldberg, Rosenberg, no mattah. All same."


Honorable but humble Waitedg must now enjoy sip, sip of margarita. Soooo Long

Net-Man - I did not get the impression from Brian that there were any other irons in the fire that would solve FASC's immediate needs. But, I did get the impression that if followup orders came from this French installation, they would solve many problems.

A big order would help straighten out indebtedness to officers, get a new person to replace Brian and put him transitionally into a consultant type of role, get Aadm set up in a stable way , and in effect, prepare FASC for a much needed, immediate turn-around situation.

Brian does love the FASC technology, and he feels responsible for bringing Adam into the picture some eight years ago. It would make me happy for his sake, as well as we fellow investors, if he made it. A nice way, in your late 70's, would be to have the means to turn around your company and set it up for a new transitional role. A nice way for him to phase out his years with FASC, and enjoy some fruits for his efforts. Perhaps a long shot. Bu that's what penny land is all about. Dave

Net-Man - Your statement: "Something that should be pointed out is that FASC worked with the French buyer for 18 months to conclude the sale." --I did not know. An 18 month investment developed quite a relationship I would imagine. This gives FASC a little more speculative appeal in my thinking. I think keeping in the loop with Adam is very important. Do you know what this French company is and what makes it a potential for so many placements? Dave

To be honest Cpac I believe that is the opinion of the majority of investors- Dave

cpac - You (collectively) don't want to buy, and few want to sell at these prices. Last significant stable ask was .009. Don't see much action short term, unless Sam cashes in a few shares to buy a little more tequila. - Dave

Net-Man - Brian said words to the effect that a sale here and a sale there were not going to make it. What is needed is a large multi-unit sale. Then he stated that the installation that Adam had made in France represented a large company with the potential of a large multi-unit sale. There was hope that if the initial installation was well liked, after a trial run with that then there was the potential of multi-unit sales here in the neighborhood of 15 to 20 units. But, in my mind,Brian was careful not to get me "too excited" about this--only that it was a possibility.

I think more than Charlie's Email, it might be good if someone who knows Adam (do you hear me RJ?) might call and talk personally with him. - Dave

Al - I have been a micro investor for 45 plus years. You find Brian at the top in non-communication. I had an excellent, lengthy communication with him and found a very pleasant man to talk with.

You find him also at the top in ineptness. Yet you still choose to stick around in a minor role. This is not a board where totally honest feelings can be expressed. But one wonders when you so totally disrespect a CEO, what is your motivation to stick around and keep reporting on that fact.

I have become involved in some truly dishonest penny stocks in past years. I simply exited and moved on where my spirits and beliefs were in harmony with the other investors, and I liked the risk/reward of an investment.

In honesty, I have to ask myself why I am putting in the effort to write this post. I guess it would be the hope that we might end up "on the same page". I guess I have hoped that we might come into more harmony and friendship. That is my nature. And I feel like I am failing badly with you. Dave

Al - sometimes we may have to consider how we ourselves address another person. He was extremely cordial and friendly with me. I very much enjoyed talking with him. He handled himself very well within the restrictions that any CEO is placed in talking with a private investor.

If one goes in with just a critical, negative spirit, I imagine he might be curt and abrupt. He loves the technology, and he also loves his son, and wants to see Adam succeed. He also is very realistic. I found a friend.

I personally think we have further downside short term. Just my opinion. If I didn't care for and respect a man I would leave. You seem to have so much difficulty with a response you got a couple of years ago, you might want to try again. I learned many years ago that the first step in a relationship is respect. Mutual respect is what I give, and what I believe Brian offers. Hope that helps. Dave

Snspotter -

Since this is your concern, why don't you make the call? I think you will find no calls have been made. If you are cordial, Brian will keep the door open to further communication. Dave

From my conversation with Brian the other day, I think the next logical step would be for someone in the next few days to call Adam. Ask him:

1. How things went with the French installation.

2.. Say David Waite, one of our Ihub board members, spoke recently with your Dad, and he seemed to feel there was the possibility of some larger, multi-unit orders if the first installation works well. Ask Adam what his take is on the French situation.

Then ask if any other situations look increasingly promising.

It might be nice to add that Dave had a very pleasant conversation with your Dad, and is very proud of his son.


My thoughts for anyone who wants to carry the ball. Dave

Sam - I assure you I am not getting used to new meds. With nearly 2.6 million family shares, I certainly would want the stock to go up. I don't think so after 15 minutes of conversation with Brian. My report is honest. As one investor, my call is for lower prices heading toward .0006. Maybe everyone will hold, and we will stay where we are at. But human nature, discouragement, further tax loss selling, and disappointment lead me to believe that further "getting out" is a more likely shorter term scenario. Short term, from talking with Brian, I see nothing in the works to cause a stock rise. - Dave

TR - You can take all your calculations, and can Net-Man and project as you wish. As for me, and after my phone call with Brian, I am setting my goals now for the .0006 area--and for some time. Board members can make their own calls.

I can simply say I had a good, honest conversation with Brian, and my translation is into lower prices for FASC for foreseeable future.It is good to have differing opinions. Mine is to lower our sights, and expect more exiting. Dave

Charlie - Brian did say it. The impression was that his hope was that Adam's trip to France would be like a very positive demonstration installation for the company to evaluate. He then stated this was a large company, and what FASC needed was something like 15 to 20 sales--large multi-unit order. He indicated clearly to me that a sale here and a sale there would not do it. On a more positive vein he said the financials could be in compliance almost immediately with the cash.

With no "padding" to his words, one might say, "Here is a stock selling at sub-penny now. If you lose, that's the maximum you can lose. If, on the other hand, you win, it could still be substantial." But it appears to be long range. It will take time for the French sale to test and evaluate. A large order takes a lot of money. I would assume thorough testing might be involved.

Someone who knows Adam, might like to call him in a week or two and get his feel on the "prognosis" for future orders here.

Take a few intangibles as well as "between the lines" facts: Adam must have some hope or he would not have gone to France. I think more investors might exit. but, I believe enough, that I have a low ball large buy order, but considerably below present trade of today (.0084 to .0085) If somebody wants to dump, I will pick up a fairly large order. This is to be honest. Dave

I had a very pleasant call back from Brian. We talked ten to fifteen minutes. These are my impressions. I find him a very fine person and man. I also found him to be very honest. I like him very much.

Some impresions:

1. His whole life is FASC. When I told him I was 88 he laughed and said he wasn't that far behind me.

2. He told me he spends a full day at FASC. That Adam just came back from Europe. Counter to TR's and perhaps Net-man's thinking, it is my impression that it is going to take a large, multi-order--maybe 15 to 20 units for FASC to get on its feet.

3. He said Adam had just returned from France where one unit was installed. He said this is a large company and his hope is that it might lead into a large multi-unit order. Sort of the feeling that they are trying out one unit--and if they like it--it could possibly develop into a large order. The large order is what FASC needs to get on its feet.

4. Don't take the previous post too positively. It is only a possibility. If they get adequate money, however, "the books are ready to go" (my quote, not Brian's). In other words FASC could get reinstated with financials in short order, but it will take a larger order to make it.

5. Brian cares deeply for his son, Adam, who is on salary. Brian is not (as everyone knows). He "invited" Adam to come into FASC some 8 years ago, and is very proud of his son. Probably that is his biggest motivation, although he loves the FASC technology. He also cared a great dear about Cal. They were good friends, and it went back 20 years.

6. I talked briefly about our Ihub Board, and Rodney(RJ) who he knows. His complementary response was something to the effect that if there are nice people like myself and Rodney, it must be a very nice board.

7. I do not believe we can expect any immediate return. My impression is that there really are not any "hot irons in the fire". If so, this was not reported to me. He also said that single orders were not going to make it for FASC. Thus my thoughts are that those who want immediate returns, and relief from waiting, I honestly don't see any quick answers.

It must be remembered that I am a retired Christian counselor. I weigh spiritual matters much higher than the just factual details that investors like to see. For me, I am holding, for I like the man, have faith in him, but, in honesty, the results may come just to my children. I am content with this. Others may not be.

As we got off the phone my inner experience was that this is one good honest person. Things are tough. He is holding on by a shoestring. He left me in "neutral" as to whether FASC could make it. I respect him for that.

I am holding my shares. Others may want to exit. I see a man whose heart is in his commitment here, but truthfully caught "between a rock and a hard place". Will FASC make it? I leave you with a spiritual answer. It is in God's hands. Dave


.

Just as an observer, and looking at the technical charts for both ORIG and DRYS, I would see a retesting of the recent lows by ORIG of about 10% from it current price. This would form a nice double bottom.

As for DRYS, if were buying, I would be a nibbler in the approximate 1.40 area. But I think anything under 1.50 looks good. Would wait a couple of days to see whether further retracing is to occur.

Of course this is only technical talk. The fundamentals and what GE will do is up in the air. But a couple of you, including Net-Man, make good sensible observations. Waitedg

Cpac -

If Brian calls me back, this is precisely what I hope to accomplish. If survival is in the cards, I still believe in a turn around similar to what TR and I have described as likely possible pathways.

If not, we need to not shirk from that option occurring. With most shares now trading in the .0084-85 area, it will be good to find out which pathway seems most likely--and whether any reasonable ball park time table is in the works.

Don't know what, if anything, I will find out--or even whether my phone call will be returned. But I am hopeful. It ain't over till the fat lady sings, and so far she still has laryngitis. (Sorry--not a very good pun, but not feeling too "punny" today). Dave

I called FASC at 604 -850-8959. A very friendly answering service stated that there was no one there to speak with right now, and to please leave a message. I briefly invited Brian to call me back. Told them my family and I help over 2.5 million shares, that I was 88 years old, had once talked with Cal, etc. I stated that I was just interested in a brief, friendly chat and twice left my phone number for Brian to call me.- Dave

We really are at the .0084 level now--as only real order traded there today. Health issues, and a bad week-end, may delay my call to Brian. But otherwise, now feel about ready to call him. Whoever that .0084 buyer is, (could it be Net-Man?), he immediately raises over any other bottom fisher buyer by about .0001. So "the lonely bird still wants to catch all the discarded worms" (A new Waitedgism)

TR - Although I see what you propose as a very logical and possible outcome, I doubt I will get into this with Brian. Relating to your post, I see Brian remaining in a consultant post for a couple of years--phasing himself out as his health and interests permit.

I could also see Adam as remaining with longer term developments with the company, and perhaps keeping his hand in a Canadian piece of the pie, or else being available everywhere for consultant and installation assistance. Our thinking is very similar.

My phone call will be "to take what comes" and "not be too pushy or direct". We'll see what happens. My hospice situation has worsened, and I am having extra help today (Sunday). This may delay any phone call until I am able to make it. Dave

Thanks TR It has been a long road with many bumps in it. You have put much more into FASC than any of us. I hope for your sake as well as others that a positive outcome is going to shine forth from this investment. I still believe it will.

Along with you, I hope so also for Brian's sake. being a 77 to 78 year old man--and keeping us "in the ball game" is quite a task in itself. I am hoping a time will come when we as a board may be able to send a joint message, involving all of us--to thank him for what he has done.

And, as long as the journey has been so far, I strangely believe the journey is just beginning with FASC. Just as Cal and soon myself and Brian will pass out of the picture, FASC will continue on in some form--by itself--bought out--integrated, etc. I believe this--and believe those who hold will be rewarded.

I hope I can end my phone call with Brian with something like, "I've enjoyed talking with you Brian? May I call you again in the near future?" We'll see, TR. -- Dave

Just a bystander now--as I sold out fortunately at 2.83--just before the "cave in". I would look at the guy or group that are involved in those put options out to 2016. If correct, the options will bring in $40,000 profit. (Stock has to stay above $1 for the options to expire worthless to the buyer.) If, on the other hand, the stock sinks below $1 by 2016, The seller has to fork out or supply $2,000,000 worth of DRYS at #1 as the obligation is for $1 per share. Of course the seller, keeps the .20--so excluding commission considerations, the seller of the puts starts his actual net loss, to the degree that DRYS is below .80 per share in 2016.

The buyer of those puts is believing the price will be below .80 (probably hoping for bankruptcy), and the seller is thinking DRYS will stay above $1.

Draw your own conclusions. Mine would be that regardless of who is right, the buyer or seller of the puts, the expectations by these big players is that not much of much good in going to happen to DRYS in the short and medium turn future. Waitedg