First American Scientific Corp. (fka FASC)

[Jagman]

Waitedg: They did address the impending financial problems in the last filing:

Our auditors have issued a going concern statement because we do not have sufficient cash flow for us to maintain our operation for the next year. Consequently, our management will have to seek additional capital from new equity securities offerings, loans, or other fund raising activities to maintain our operation should new sales and receipt of receivables not materialize. Some relief has come from deferment of payment of salaries and loans due to our senior management which aggregate approximately $250,000 as of this date. This cannot be expected to continue indefinitely.