First American Scientific Corp. (fka FASC)

[Sargeant-Preston]

Show of hands!

Who'd have their wallets open and their chequebooks out if FASC were to do a Shareholder Rights Offering ?



Sargeant Preston ==========> Hand up !


The following link gives a good discussion of SRO's

http://en.wikipedia.org/wiki/Rights_issue


... and the real beauty of an SRO is that, for existing Shareholders who participate, there is no dilution. Repeat, no dilution for Shareholders who participate in the SRO.

Why? Because that Shareholder's proportional ownership remains the same.

Meanwhile, the existing Shareholders have had the chance to put their money where their mouths are and acted as the Company's investment bankers instead of a bunch of PIPE Perps.

Oh, and one last thought:

If Cal wants authorisation for 1,000,000,000,000 ( yes, that's a trillion ) new Shares, he's got my vote.