First American Scientific Corp. (fka FASC)

[TRCPA]

Techisbest.......microcaps took a bite out of the big boys in the late 90's as the internet era was summoned.

The 2000's brought forth a number of changes that hurt the microcaps and protected the big boys, starting with the elimination of market buy orders for micros........and culminating about 8 years later with "too big to fail" safety nets for the biggest of the bigs. Some SEC rules changes further hurt the microcaps.

Those changes slowly but surely reduced....and then essentially eliminated......the abilities of microcaps to raise money through debt and equity financing. They were forced to either become quickly profitable or start dying.

FASC is one of the few left standing.....albeit now as a currently private entity....that can be profitable on its own, without the strict need to raise money through debt or equity financing.