First American Scientific Corp. (fka FASC)

[rj2]

Hi TR,

I am pleased to see an improvement. It would certainly look better to both creditors and shareholders if the Management who is turning high salaries into increased debt for the company switch to a much more modest look at their compensation and begin a success bonus system. In turn the shares would be worth more, financing would be easier when necessary, the Company would look better to all and increase a better value long term to Mgmt with less embarrassment.

I think the large salaries are a turn off to new investment. It kinda makes them look like they are having a salary situation with weak confidence in their ability to perform.

Another aspect to look at is if the Company ever did file BK,
The compensation VS Performance would be challenged by the Shareholders. It would be better to insure the success with less burden on the Company.

I feel Mgmt is doing their best, but it is to easy to over value ones self due to effort in leiu of Value by success.

Just thoughts from an uneducated yet successful business person who went through what FASC is going through.

RJ