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The KDS simply does not have any viable applications, except for the occasional one here and there. I have come to the realization that nothing of significance will ever happen. It simply has been way to much time, someone would have jumped all over this by now if there was any way to make a profit. 20 years, think about it.
I wish I made that mistake with my fasc stock.
Sambeaux. You better get a chair.
I am sure you will have the opportunity to re-post the tick-tock message many times over in the future.
I would sell mine for 5 cents a share. I have to believe the profits from the first 20 machine sales is already been spent on back payroll, office, etc.
How do you suppose they are even paying their 3 or 4 person staff and keeping the office (if there is one) open.
JLM, Just curious what brings you to this board at this time? Other than the news of being de-listed there has not been any news from the company for years, don't hold your breathe.
Troutkinglives, I am not picking on you but I think we have already seen how things will pan out.
I know you said that question was hypothetical but that would be 18 machines per year. History has suggested that it would take 10 years for them to sell 18 units. 1 1/2 machines per year is more likely.
I was kidding. He has told us plenty of things, but none of them ever actually happened.
With all due respect, Adam has told us a lot of things.
You only have to ask one question: Are you planning on relisting anytime soon?? If the answer is "NO" or "we are working on it" or "we are waiting on financials" (ha ha, then you won't need to bother with any other questions because the answer won't matter.)
I am afraid the only way I can stomach this company anymore is to be sarcastic.
That's the funniest thing I have heard this year.
TRCPA, I reviewed that message again but cannot deduce any new positive information from it. Perhaps I am missing something??
If and when one of these companies purchases a follow up machine after having had favorable results with their 1st one then we may be getting somewhere. These follow up sales should be easy for fasc. Obviously a return customer already likes the product, is aware of the costs, knows they can make money with the 2nd purchase, etc. I am not counting a machine sold in the same country as a previous sale as a return customer. I would like to see a specific company make repeated purchases. Any of the companies that have purchased one of the 50 or so KDS machines out there over the last 15 years and are reaping a profit from it's use, would be crazy not to be buying additional units and installing them all over the place. This is not "rocket science". This is how companies go from a mom and pop operation to the big time. I presume companies like Walmart saw their 1st store turn a profit way back when and said to themselves, if this works here it should work over there and then again over there. I am sure there are better analogies than this one but you get the idea I am sure. As stated in the movie Field of Dreams: "If you build it they will come" only applies if you have something people want.
The KDS simply is not a viable component in any one's plans. Whether it's lack of funding, the machines output, excessive cost to purchase or operate, etc, etc. It has been way too long to use those reasons(excuses)anymore. By now (15-20) years someone, somewhere would have made a move if they believed there would be a benefit to using the KDS. Other than the odd machine sold here and there over the years there has been no sustained interest by any major players. The fact that there has supposedly been some big names considering the KDS in the past and none of these companies pursued it further leads me to believe that it simply does not work as needed. There are a lot of smart, cash rich companies out there that I assure you would be all over the KDS in a heart beat if it had even the slightest chance of making their company money. It's not like the thing cost's a billion dollars to purchase. I speculate that many people on this message board could get the funding to buy a KDS in a matter of a couple weeks if they wanted one. A company that cannot afford one or cannot get the funding for one, is probably not a company we would want to place great faith in anyway. The few companies that have purchased a KDS in the past do not seem to be buying additional units, or singing it's praise very loudly (if at all). This also makes me wonder if they regret making the purchase.
Would my scenario not work though? If I claim my stock to be worthless, which in essence gives it a share value of zero, then sometime in the future it regains value I would still have the same tax burden when I sell because my new starting point would be zero and the sale would result in 100% gain.
My understanding is that you can take a tax loss on fasc without selling the stock since the stock is not sellable and deemed to be currently worthless. However, if the stock were to re-list you would still have your shares, but your purchase price for those shares would be zero. Meaning that if you sold in the future your cost basis for any shares held would be zero.
As I indicated in an earlier post, until HQ provides some sort of statement which contradicts sunspotters posts I would say it is likely some or all of what sunspotter has said is likely to be correct, or close to it. I believe the evidence, or lack there of, leads me to believe the worst. The reality is, we have no idea what HQ has been doing for the last 3 years or so.
TRCPA, I love your enthusiasm, I once had it also, but I have grown bitter waiting for all of that interest in the kds to materialize into something of significance. I hate to say it but I think the naysayers/doubters here have the floor until proven wrong. It is hard to continue to cheer on your team when they are losing 73-0 (and that's a baseball score).
I would not worry too much about the patent because there is not any interest in the machine. The patent may have zero value. There clearly is not enough demand in selling the kds for more than 1 mom and pop operation.
Unfortunately for fasc "just on the horizon" is true if you mean the horizon in the north pole where the sun doesn't rise for 6 months at a clip.
TRCPA, I agree with your interpretation/analogy totally. We unfortunately have been stuck in the "no luck" or a lower category for a very long time. We may need to add 1 more possibility to your 3 choices: a "bad luck category". My conclusion as of 10/5/15 (today) is that if something of significance were going to take place it would have done so by now. 15 years is a long time with nothing but "no luck" or "bad luck" only. I guess someone does win the lottery every day somewhere though.
Net, That all sounds good. That would be a great post if it came from HQ. We all have a wish list but thus far I have not been able to check any of my wishes off the list as being completed. I know its all about the revenues and we have all been waiting a long time. I do not think the following will happen but, I almost wish we would either hear that we are on the road to success or that there simply is not enough interest in our machine to continue operations. As TRCPA has pointed out it only takes 1 kds per quarter to stay alive. They could continue to run the business and pay themselves a decent salary for ever by just selling 4 machines or so a year and never actually become profitable. I think the term is "profitless prosperity".
Net, What are they working on? What is the plan for re-listing?
We have had a thousand articles posted/pasted here over the years that the poster (I assume) believes has some relevance to fasc. There is never however any mention of the kds or fasc in any of these reports.
We have been in "ITS A START" mode for a decade or so.
Wow, when I first signed on today and saw 20 posts in just one day I assumed something must have occurred. But now that I have read them all I see its just more " if, when, soon, maybe, interesting, etc.
Assuming nothing changes dramatically this year with fasc how does one go about taking a tax loss by attempting to unload (sell) shares. Shares are held in Etrade. I know this topic has been touched upon briefly in the past.
Unfortunately I don't think HQ deals in logic.
Wait TRCPA let me tell him. Easy there Sambeaux "one step at a time".
I see the 3 new sales for fiscal 2016 posted on the web site. There was a day when there would have been 100 posts in response to that information and perhaps a pop in the share price. I guess those days are over. As I see it, since there is no share price for fasc, if and when something good happens we will not get the big pop in share price we would have gotten when there was trading available. Obviously the value of the company will increase but only to the point of the real/factual earnings per share. As we all remember we always hoped for a high p/e and had hoped that some good news would create multi-million shares traded for a couple of days which would probably have inflated the share price above it's real value. I too would like to hear something along the lines of " we have decided not to pursue re-listing" or "we are still working toward getting re-listed". I would even settle for "we are still working on the financials" although that's getting a bit old now. I could have finished the financials by now myself and I don't know a thing about accounting.
The problem with all of this is that we should not have to be asking these kind of questions to begin with. The information you are seeking should be made known by management in some fashion, without us having to pry it out of them. You would not have to pry if the answer was going to be favorable. I believe one must assume that there simply is no good news to report and they are certainly not going to report any bad news (although at this point it doesn't really matter).
The DD and other information You, Net Man, and others is appreciated by me and probably most others, although they may not say so. The problem for me is the 1000's of posts made with information that could possibly be related to fasc have never panned out. They perhaps make for good reading but for the most part none of the links, news reports, editorials, etc. have had anything to do with fasc. We all were waiting for just one of your posts to include fasc in the report and that hasn't happened. As the companies wheels are falling off (I figure we are just down to the spare tire, and that's flat) it is difficult not to laugh at any suggestion one makes regarding the possibilities the company has on the horizon. They may have many but until one surfaces it's just not believable. If just one good thing could happen to stop the bleeding then I would be more enthused. I think the saying " don't shoot the messenger" is applicable hear. Those who post a lot of DD boasting the potential for the company can appear as someone of authority. So when things do not materialize you must be the guys to blame, since we can't yell at the company and I don't have a dog to kick. Hoping we hear something in either direction soon.
"The game is on". Russian roulette maybe. I did not know fasc had a business model.
If I had spoken to Brian and Adam a couple of times last week and had nothing worthy to report to this board I would be thinking the end is near. Of course one has no obligation to report or repeat any information they gain on their own. I am hoping the latter is the case.
That new revenue stream (if and when it happens), may be the only revenue stream. it seems like just yesterday some were speaking of 3,4,5 sales this quarter, 6,7,8, sales this year, and so on. Even if something good does occur we wont get the pop in share price we might have since there is no share price.
It looks like this message board is fading away just like the company.
Of course you are assuming that fasc will every actually be profitable. Actually, they may already be profitable but we have no way of knowing that. Given how many shares Brian and company have plus Cal's shares (if he even cares about Cal's estate) I would be thinking that if I could get the pps back to around 10cents then it would be worth re-listing. I forget how many shares the insiders hold but if it is around 15 million at 10 cents its 1.5 million dollars of value. Of course if they do not believe fasc could ever be .10 a share then they may as well keep on doing what they have been doing (whatever that is).