American Scientific Resources (ASFX)

[Christy from Google]

EDIT "The Company believes that Mr. Faber's experience in capital raising and financial planning will help the Company develop its business strategies and thus will be a valuable addition to the Board."

Wow, a major conflict of interest.

IMHO, I find this just amazing. Mr Faber doesn't have a clue as to the role of the Audit Committee. "Independence" is the KEY.
He'll be involved in the Company's financial planning, and then he's going to be providing auditing oversite on himself. Hilarious, to say the least.

But the net result of Mr Faber's appearance, is the total ASFX rejection by "Wall Street". This funding source has dried up.

Now Mr Faber will lead a last-ditch effort to get bank financing, and then provide auditing services on himself. Too funny.