Waitedg,
I agree for the most part, how-ever if it is true that Prince George will bring other interest and there are increased sales, financing is not impossible. The first sale of a new System is always the toughest. When successful, then doors will usually open.
I do a lot of High School and University Work with Sports flooring. Upgrading with specialty flooring always takes having one succussful installation somewhere previously or a free-be trial installation. (I think FASC did this?)
Once FASC has a Municipal installation running, a happy and successful customer,new sales can be accomplished easier. Others can be brought to the facility as a marketing tool. Financing can be made with a Bank per individual projects. Banks will collect the recievables as a cash management account putting remaining cash above obligation "if any" into FASC's account.
As I have said, I am not highly educated I am a floor installer. But I have been through this a couple of times.
Financing is not a problem if .....
#1 Have a Proven Product and Track record (?)
#2 Successful Marketing Program (?)
#3 Company is living within its means. (?)
All business's are a gamble and challenge, picking the odds
for potential are the challenge?
These are my thoughts and opinions only.
As for PPS, If it falls below .14 I will probably buy a few more shares.
Thanks for your assessment, I do appreciate it.
RJ
