Fasctrack - I couldn't agree more. An increase in shares really doesn't resolve the underlying issue. More revenues, however, does manage the problem - not enough cash for current operations, R&D, and loan repayment.
As TRCPA noted earlier, the fact that management continues to loan money to FASC, the better. Assuming they are rational, there must be an expectation of getting repaid. The only way to get that amount of money repaid seems to be revenue generation. Is there another way?
fwiw,
Net-Man