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Re: Shikari post# 1173

Thursday, 10/28/2004 7:38:16 PM

Thursday, October 28, 2004 7:38:16 PM

Post# of 7422
I sure don't know where you came up with that conclusion. At this point about the best thing that FASC has going for it is the KDS at the mine. At least it is in a working environment that may prove its worth. FASC needs the credibility of having a machine out there working and proving itself.

I just agree that management needs to do more than lip service to shareholders. Credibility is lost when you say you are going to do something and then don't. And stock price predictions are a real no no. I will admit that I have been impressed, very impressed with management's use of cash and the low dilution. They seem to be a group of good hard working people trying to do what they see as right. I have been involved in enough projects where timelines go right out the window because priorities have to change, sometimes on an hourly basis that I don't get real upset about missed deadlines. My main point was that Stix was accused of whining and posting over and over the same message, all the while he was being attacked and called a crybaby for legitimate concerns. The argument that calling the company should calm his nerves is flawed. Showing, not telling is the best way to inspire shareholder confidence. Public companies are very different than private, if a timeline is blown, and blown badly, those footing the bill should be notified why. It wouldn’t be hard to stick an update on the website. I know that they have limited man-power and that kind of task is not getting the main job done, but investor confidence is hard to rebuild once lost. A public message on their website is a lot harder to deny than a conversation on the phone with a shareholder, plus it would probably save them time in the long run, as they wouldn't have to keep talking to every Tom, Dick, and Harry that felt they needed their hands held concerning their investment.

FWIW, I am long and I am very happy with my investment at this time. It is in the green and IMO looks to go much higher.