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
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