Sarge,
My Email to Cal,
I think you could have done it better.
Hi Cal,
It is pleasing to see that we are getting wide acceptance around the world
for the KDS Machine. I have done some FASC marketing here in Michigan myself and understand that Brian sent a Michigan lead to Pac West to follow up on. This is very exciting.
I am sending this email to address a concern I have with an item in the 10-K report. Brian on a few occasions and you once yourself told me that the
deferred salaries were going to be paid by future sales and that it was your intentions to become successful with the current long held shareholders. In the 10K it states that the Company (you managers) are recognizing the "default" in wages paid. It also mentions possible collateral for wages.
Neither of these reflect or agree with answers from direct questions that have been asked of you and Brian. I hope you can explain what your intentions are.
I would greatly appreciate it. I have been investing on a regular basis realizing that we all need patience. With the high Salaries for the size of the Company
would it not have been more benefitial to Yourselves, the Shareholders and the Company to have had more appropriate Salaries with Bonus for Sales performance? This would have looked better in the Books and given security to the shareholders who also work very hard for the investment they have made and plan on making in this Company.
I do have support for you and Brian. I am very impressed with what is going on other than dillution to loyal and long term shareholders who also are counting on the success of FASC. For the most part we are not Traders and Gamblers here. But we are people who were impressed with you, Brian and the Technology and want some assurances for our loyalty that you and Brian will be patient in your rewards along with us and keep us shareholders in top Priority as Directors of Companies are responsible to do.
I wonder if there are ways to do a stock offering for funds in lieu of just adding more shares? It has been suggested among the folks I converse with.
Possibly a Shareholders rights offering. Then if contracts for wages could be changed to a smaller Salary that could be paid and performance Bonus's. Long term you folks would make a lot more money with out Zapping the equity from current shareholders that have rode this out with you. Many of us doing email campains ourselves.
Scincerely,
Rodney J. Conlon
Shareholder 2,089,000 shares long.
