First American Scientific Corp. (fka FASC)

[TRCPA]

I'll explain it one more time for you. And no, its not in the 10Q. Its based on the current circumstances. Certainly not my own idea with respect to shares buyback.....this is commonly done in these situations.

And it makes good business sense, if you have additional cash flow from revenues. It would be a good deal for insiders, outsiders, and anyone else invested in FASC or who desires to see FASC succeed....as opposed to those wishing it to fail....a particularly good deal for the insiders who carry the most shares.

Current situation.

1)Prior dilution caused a reduction in pps. (Given too, that the O/S has stabilized over the last 2-3 months.

2)Low amount of company debt

3)Incremental revenue increase, with bigger revenue-producing projects appearing closer.

4)Current pps at lowest point

Solution....buy back significant amount of shares, say 20 million...

1)Reduces O/S to about 160 million

2)Sends a positive signal to the markets that company has rolled back its shares, as opposed to the prior dilution

3)PPS gets a boost by force of buyback of such heavy volume

4)Provides momentum for continued share increase