Do the market makers have a short inventory to cover? I guess you could argue that if FASC goes belly up, their cost of covering their naked short positions is extremely small. This would indicate perhaps a small incentive to manipulate the market in a downward direction.

But we really are "very small potatoes" to them. Really, 200,000,000 shares dropping from one cent to zero is only $2 million dollars. And even if we went "down the tube" there would remain some price to the stock for a short while, so the incentive for individual market makers is extremely small to negligible in their daily operations of making a living.

I tend to think no one really wants to buy now except Daemon, me and possibly Net-Man (if a further 25% discount). TR mentioned buying this past week, but I saw no significant purchases to indicate much activity in this area.

Tax loss selling season is just starting. The market knows nothing of us, and the handful of us who are still positive are no longer responding to positive DD dug up-- other than read and hope from a sidelines position.

News from the company or a price of .006 to .008 in the near future. This is my call-- Dave

The previous post will be my last post on this board. I have had a hard time "letting go", but as previously posted, health and other reasons necessitate it. Good luck to all of you who hold on to this stock. Waitedg

With the Dow Jones up 185--and stocks in general up nicely, the continued downtrend in ORIG and DRYS should warn all investors to not add here. Again I refer you back to my three year charts (recent post) of both ORIG and DRYS to provide a technical picture on just how low we may go.

Something is very wrong with this stock that has not been detected or understood. My thought is to stand by and let the market itself provide the answer, until the truth becomes better known. Waitedg

In my humble opinion, what is written is just my take. Could be dead wrong.

There are 40,000+ shares at the bid of .0091 and 440,000+ shares offered at the ask of .011. This indicates to me that the trend is likely down--if no news. My hunch is that the 40,000 + on the bid side is a one time bid, to be followed by a lower bid near the .008 area

Simply put, the market has mainly more large quantity of shares (we don't know how many may be being withheld so as not to provide a dumping atmosphere)wanting to be sold. But the seller(s) is(are) trying to hold on to get at least .011.

My hunch is that we will be seeing Net-Man picking up some .008 shares soon, as those wanting to sell will wish to get out, and they will likely capitulate. Just my call on things--and if this happens, I see no MM manipulation involved.

As I scrape together my assets, pay my current bills, I may give you a little slight competition , Net-Man, should my forecast above prove accurate. Dave

Sam - You will have to read it yourself. The connection show Mainland Machinery as in the loop with what is going on--and as they make the KDS that seems relevant.- Dave

Look at late 2011 going into 2012 on the 3 year chart below. One might expect, with tax loss selling, a low being hit somewhere between early November up through parts of December.Dollar cost average investing starting in early November--might not be a badpreliminary consideration to now ponder. The absolute bottom is hard to predict, but likely sub $2 --either slightly or considerably. This can be better fine tuned if we do drop to the $2 level. Keep an eye on the ORIG chart as well. It is hitting dismal figures also. Dave

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=drys&insttype=&freq=2&show=&time=10

RJ - It is hard for me to respond to your "semi-negative" thinking--"Its a family thing? Float or sink together!" I hate to take my "elder privilege" --and correct you again..BUT --there really is no such thing as sinking! I have to keep correcting people who talk about me as soon "passing away". I say bad term. Step one in improvement would be to say "pass on", and step two is move beyond that to "graduate".

Surely you can learn something from our new one million share member who says he has received the worth of the stock in entertainment value in just being part of this stock board for a long period. And here you and I have shared frozen strawberry pie together, plus I received an even more charming treat. I got to meet that very charming, dedicated wife of yours.

If you keep this first and primary, you are already a winner with FASC. But, between you and me, there are going to be lot of smiling faces around here in not the too distant future. Just remember to keep the strawberry pie and your wife first--both of whom were provided you by the Man Upstairs--and remember the Giver--and don't get fixated on the gift--and you will be fine. We will have our reunion when it is your time to join me in Eternity. Your friend - Dave

Net-Man _ I think you should not be adding more here. Rather, I think it would be helpful if you took a second look at my recent post comparing 3 year charts of both DRYS and ORIG. What you think and what the market thinks can be quite divisive, and different. A good investor, like Warren Buffet, pays close attention to both.

An Ebay poster said that DRYS alone is not worth anything as the CEO just plays a refinancing game with debt over and over. The recent buy recommendation gave DRYS only a 3 day or so boost, and the downward trend commenced again. Marty Zweig, a very skillful and sharp man, used two very wise sayings. "The trend is your friend", and "Don't fight the tape". In my opinion you are fighting the tape by reentering too soon. I will not reenter this stock, but I would like to see you succeed by not buying too soon. Dave

Jim - You and I must be "chips off the same block". Both have our sons involved, and both have got a lot of "entertainment value" from this board. Welcome, and nice that you have your son involved also. - Dave

http://www.industrialq.com/portfolio/business-consulting/

I fortunately got out at 2.83. I believe if you look both at the DRYS and ORIG 3 year charts, you should stay on the sidelines. I see a possible, and perhaps quite likely, retreat all the way down to 1.80-2.00 level.

I am staying out permanently. We obviously have not been forecasting the longer term potential very accurately, for those who bought and held will likely have a considerable wait until there is a return of their investment.

When we are really wrong, it is a good to admit it. It helps a person become a better investor. It is a much better choice than silence. There have been some very incorrect predictions on the shorter term direction of DRYS on this board. I got out with a $204 loss and am thankful I made the choice.

Net-Man - I hope our forecasting and thinking on our other investment is much more accurate than it has been here. Waitedg

We appear to have a lot of deleted messages over the last several days. This would indicate to me that very strong emotions are felt, and perhaps near the boiling point in a few cases.

FASC has had a lot of followers who have fallen by the wayside over the last 15 years. There were periods of extreme negativity--of a nasty attacking kind. There have been just a few who have held on, and just a few new who have joined. But we are a very small group.

I have had to face the fact this week that some new equipment that might make sleeping and breathing more comfortable, is just more than I can handle--even with increased help. I must now face head on the fact that all that I can now do is try to be more comfortable, reduce pain, and make the transition from this world to the next as comforting and comfortable as possible under increasing end-of-life conditions.

Yet, I went out and bought 153,000 more shares of FASC this past week. My son said, "Why did you do it. You don't need more if the stock makes it". I said, "John, I didn't buy them for me, I bought them for you."

John will soon be joining this board. When I pass on he will have 2,080,000 shares. My hope is that his shares blossom for him, and helps him in the Christian work that he does. Through him my investment in FASC continues, and next to TR and Net-Man I remain one of the most positive persons on the future outcome of FASC. - Dave

TR - Here are the morning transactions. Looking over them and reviewing back to 9/24 on the transactions, things look about normal. Status quo and my reading is that Net/Man has about a 50/50 chance of picking up more sub penny shares. Yet I agree with your analysis, the fat lady is soon going to sing--and the quibbling over .0008 to .012 wont be that important. Net-Man has the risk of whether to open up his pocketbook and paying more now, or playing his current game which has appeared to have worked very well for him in the past. Dave

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

Or 15 months ago, or however you want to read the DD dug up here and interpret it. Dave

TR- I understand your thinking, and also how the market makers work. I still think my explanation stands. If they raised the ask, no one would buy (except possibly you). You stated earlier you were going to buy this week. Would you be more inclined to do so at .013 or at .01? I understand that the MM can replenish at a lower cost if the ask is lower.

But until this week there have been no big sellers for quite a period. With a big order hanging in there good till cancelled for a period of days, you can say that it was a buy order, because technically Daemon and I came in and bought 603,000 of them. But, really it was a sell order just as well--because someone wanted badly to get out of a large number of shares, and he finally did so at a lower price than when he first tried to sell them.

Right now we have no big sellers. If you buy at the ask right now you wont get many shares. If someone else wants to unload a goodly amount of shares right now, you might pick up some. But I am all done, Daemon may have his fill, and Net-Man is patiently waiting to pick up the sub-penny "unloads". This likely indicates a declining price if all status quo elements remain in place. - Dave

I don't see any market manipulation at all. To repost part of my previous post:

"That 537K purchase was simply someone seeing that many shares being offered, and going in and buying the entire lot. Shows a very strong bullish belief countering someone who wants to get out."

We pretty much "cleared the decks". The bid and ask showed this following the above: 10K bid/10K ask--which are market maker bid and asks. The trend before the nearly one million day was down. We had drifted down on the ask side, and were at a high .011 for several days. No one is left wanting to buy at .011--perhaps even at .0101. We may head down toward .082--and this is definitely NOT MM manipulation.

A few of us felt (feel) the stock was worth .011, and can live with an .008 price--because our take is that the reward is worth the risk, and hope for the opposite to Sunspotter's prognosis, and realistic warning of the consequences of Non-SEC compliance over such a lengthy period. We believe compliance will be achieved--that this is the outcome. Time will tell. Don't underestimate the risk. It is very real. But, also, don't underestimate the potential reward. It can be a"many,many bagger" --new Waitedg term that I hope takes root here. Dave

We had quite a large position being offered at the .011 position. Could be the same seller who sold last week putting up more of his "collection". Also Daemon and Net-Man are very positive on FASC--and could be a few others. Appears there is a match-off. Dave

New hunch: "The fat lady is soon going to sing". Sam the Man will shortly be breaking open a bottle of tequila, and "yours truly" will take a ride around the grounds in his "souped up" motorized chair, which when opened up to full throttle goes a solid 4 miles per hour--a full 33% faster than any competitive resident model.

RJ2 is no longer just plain RJ. He finally blesses his wife with some "fine amenities" including a Caribbean cruise.

Come on Brian. Get those financials moving, brother. - Dave

Added comment: Net-Man gets out his calculator/computer--starts adding up his "bottom fished" and other shares. Then says to himself:"Time to start looking at that new airplane I've been dreaming of." And TR finally comes out with his first slightly negative comment: "It's been slightly longer in coming than I had anticipated".And now the real DD starts: "What to do with a rocket, when it finally clears for its take-off".

Further comments to follow. Now if that aide will just come and fix my supper.

To: Sam and Net-Man- I just ran this through my "computer models"! If Net-Man picks up 303,000 shares (our combined .011 purchases)at .0082, he will have picked up equivalent shares at a saving of $848.40 over what we combined paid.

I would suggest that he use the saving to gas up that flying contraption of his, and offer us a "joy ride". Maybe you can put the political bite on him.- Dave

Sam -

In regard to your post "WAITMAN, that 150K was me" --my only response is:

GULP

We are keeping Net-Man from scooping up his patiently awaited shares at .0082 perhaps.

With all the shares you own, if we do take off, you should have the funds to clean up about half of all the corruption in Reno. And I might add that your band could blast forth with "Happy Days Are Here Again". - Dave

TR - market forecasting doesn't seem to be one of my strong suits. Just as I felt we were headed toward the sub penny area, a 150,000 order goes through at .011 15 minutes before market close. Remember our old joke of this past year where the answer kept coming up, "maybe yes and maybe no". That's the only safe answer I have now on any FASC questions? Dave

TR - The bid has dropped to .0082. You certainly can go in and buy at the ask. But 100,000 shares bought at .0082 vs .011 is a savings of $280. I guess if you believe news may come out very soon, you could pay the ask. If you think we have more silent time, those desiring to buy FASC now, vs those desiring to sell seems far outweighed on the side of buying cheaper shares. Dave

Possibly the same person--but new offer of 1,013,000 on the ask side at .011, and just 25K on the bid side at .0099. My hunch is that a big holder has decided to unload. At this point he has quite successfully (?) gotten out at .011.Could be someone who frequents this board.

I see no reason to buy even at .01 now. Let him either hold his shares, or sell them at .008 or less. The price here is really quite irrelevant short term. The question is whether news is coming--and how soon. Or whether it is not coming.

If news comes and the stock takes off, the waiting bottom fisher (Net-Man) may be sorry that he didn't pay a bit more. On the other hand the seller hasn't got much offsetting buying demand unless we on the board start competing with each other. Investor's choice: Buy to your heart's desire up to 1,000,000 shares, and possibly much more, at.011, or wait for selling, if it comes and pick up at good sub-penny prices.. Dave

Sorry for my misinformation. My Quote Tracker was not updated. Dow was down 264 points. And NASDAQ percentage wise, if transferred into Dow figures, was down an equivalent 332 points. Stand aside with new buying on most stocks. Dave

After Daemon's 450K purchase, and my 153K purchase-both at .011. 125 K more went through at .01. Now the difference on 153K at .01 and .011 is $153. Always a slight sting with the "what if" mentality.

But--unlike TR, I think the price may be going down from here, and our good friend, Net-Man, may be next to pick some up at a God awful, ridiculously low price--.008 or even lower. He is a patient fisherman--waiting for dumping.

Look at the market today. The DJII, off 110 points, wasn't so badly hit percentage wise as the S&P 500 and the Nasdaq. Translate the % S&P500 drop into DJII figures and you have a 200 point drop, and I see a very cautious market. Add in tax loss selling and I see more negatives.

I think Daemon and I would agree that the current short term fluctuations mean little. Whether the financials get updated and sales get reported or not is the basis of our wager. Nearly 1 million day volume are "horizontal shares" being bought be current investors. I like the risk/reward ratio. By the way, anyone going to check out Daemon's tequila investment? We may need some if FASC takes either a nosebleed, or a rocket take off. Dave

Form another board: "

Every single stock I own finished in the RED today... how about the rest of you? I'm calling it Bloody Thursday"

From previous post time and sales one will notice that over 540,000 additional shares (not counting today) have been picked up at about the .011 price over the past few days. Dave

Time and sales on FASC today:Also notice DJII figures over at right.Are we starting a correction?

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

Well - we "cleaned out" that one seller who originally had over 750,000 shares to sell. The last 153,000 at .011 were mine. I have a "good hunch" on who bought the 450,000 single order, plus considerably more at about the same price. The offered shares are now down to 13,000. I cancelled my standing buy order in at .0081 to pay more today. I saw there were just 156K left at .011 - so I picked all but 3K of them up.

Now: For a comment: Each of us comes to our own conclusions. Now for an informal prayer: May I not be "sour grapes" if my shares fall sharply. And may I not get a swell head if they rise sharply. I did my best. Now I want to take what God sends. If it is not my time to be blessed, may I handle it an a gentleman. Amen- Dave

Net-Man - I hope you have still kept your powder dry on DRYS as it is 2.58 now--or .25 below my exit. Still have good thoughts about the company--but "our other holding" is going to be my one and only for now. Take a good look at DRYS 2 year chart--factor in ORIG's chart which is really at its lows, add the possibility of a late fall overall correction in the market. Be cautious here in your bottom fishing and you may pull in a very excellent catch at rock bottom prices. Your friend also. Waitedg - Could conceivably drop to the 1.80 t0 2.00 bottom in a worst case scenario.

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=drys&insttype=&freq=1&show=&time=9

Net-Man - I wish you well. Health and other reasons are causing me to lighten up. I hope you continue to do very well with DRYS. Waitedg

Al - In response to:
"Of course Waite, one of those doing the exemplary dd has been encouraged for fifteen years....the other is screaming "buy" while bidding below .011...so it has to kept in perspective. Or deleted."

Of course you realize there would be no board at all without these two contributing so much information. Your comment is encouraging me to be critical of those who I appreciate. Why would you want to do this? These are my friends. I tried to outline the risks verses possible rewards in my earlier post. I would be interested in hearing what you appreciate about FASC--for obviously something motivates you to stay here rather than take your loss and depart? Dave

Pappi -

Thanks for your kind thoughts regarding my health issues. Regarding DRYS, glad I got out at 2.83 yesterday as we are down to 2.70 as I write. Wish you well with this investment.- Waitedg

Cpac - Probably for the same reason you are not buying shares:

1. Beyond this board there is little investor information dispersed.
2. Those who believe the DD dug up on this board mostly already have very large positions.
3. The illiquidity means that buying at the ask is like buying a new car. The moment you drive it away, you must accept the fact that to sell it will likely involve a 30-40% loss.
4. An example: Someone is trying to sell in the area of 672K right now--and has kept lowering his sell price to .011. To sell it is pieces he could unload part of it--maybe 60-80000--at .01. To sell the whole lot, a good part would go in the .006 to .008 area.

This is therefore a strong disincentive to buy now. One needs to believe that FASC is going to rise above all this after all this time of quiet and non-financials. Those who are doing most of our DD are very encouraged. The rewards can be great if they are right--to offset all the above negatives. As for me, I am thinking the risk/ reward ratio is leading to adding--but not at .011--rather .01 or considerably less. - Dave.

TR - I think if you re-read the message(s) it states that FASC is already tied into the system with,or in addition to, Mainland. Dave

TR an/or Net-Man - it might be helpful if either of you could explain in layman's language 101 a little more about IQM and how it works for Mainland Machinery and apparently also now for FASC. Appears to be very important--and a technological innovation that will help considerably down the road. Dave

I exited my 1200 share position at 2.83 this morning--accepting my 17 cent loss per share. Stock is 2.79 as I write. Health and other issues are main factor in exiting. For those with longer term horizons DRYS looks good. Waitedg

What concerns me today is why ORIG has fallen so completely out of bed. Even below support levels, it could head all the way down now to 15. It is so much connected with DRYS, does anyone have an explanation on what is going on here? = Waitedg

Net-Man - I am still not so good with the math. But what stands out to me is the thought of baseline constant (but hopefully growing) new revenue flow. This will give FASC a stability it has never had. I will go back to your first recent post to read your initial calculations again. Then we add in the WAITEDG FACTOR = Take all that Net-Man says. Then divide it by 2. And final step - Pray and wait and take what God sends. Dave

Net-Man -

Assuming your figures are correct. I made the following calculation. Please tell me if my assumptions are correct. 300K-600K divided by 200 million shares = .0015 - .003. Multiply this by a 25 PE factor and we have a price of .0375 to .075. The midway point here is about .056.

This new potential revenue stream might then give a stable base of about .05 plus or minus net income independent of any KDS sales. (From this, company costs would have to be taken). If this is accurate, I would think it would give FASC a foundation of a stable fixed income, breathing room to expand, and all KDS sales would become the variable. Please correct and clarify my assumptions. I think it might help the entire board. Dave

Net-Man - This part of your calculation (below) is a bit fuzzy to me. Would you restate this part only in very simple terms. Thanks- Dave

"There is the opportunity for a new revenue stream that may take place. This is again only a rumor at this point, but could add significant ongoing revenues. My conservative guess for the current fiscal year is $250k or the equivalent of 3/4 of a machine sale. Let's call this a total of $1.25 million."

Your last sentence particularly loses me.