First American Scientific Corp. (fka FASC)

[Fasctrack]

This issue regarding the contract breach language to me is concerning. Rather than putting forth a detailed management summary with forward looking statements and revenue projections and then quietly sliding in the issue of additional shares, Brian has chosen the path of making implied "sky-falling" threats of contract breach and litigation - poor judgment IMHO. The funny thing is that I do take his warning seriously. The debts are secured by assets of FASC. Since there are no commercial loan obligations of FASC, Brian and Cal probably have a first lien position against the assets. The only thing I can do at this point is trust Brian that he and Cal's estate will not call a default and hope that significant revenues will be forthcoming.

Further irritating is the fact that we are forced to simply "hope" on blind faith. Brian has yelled fire but he has not given the shareholders one scintilla of evidence to think that revenue/profits will be forthcoming.