First American Scientific Corp. (fka FASC)

[rj2]

TR,

That will work for one machine at a time. Multiple sales..I doubt it. It will probably be based on a delivered Schedule of Values as in most industries. It is also a policy that hurt the volume of Sales, but then again they had no options due to their financial condition.

I am believing that when they get the cash flow they will adjust their deposits to be more inline with the Industry and be able to cash in on more orders and multiple sales.

Mainland Machinery has been financing the Machines and will only finance one at a time. They need further cash flow to accomidate multiple orders, add a staff of engineers and handle Cals estate.
All these things hitting them at once here in 2012 will make the additional shares appropriate for flexibility.

I may not be educated but I am experienced in handling a business larger than FASC.

...by the way how is our Florida Grill cleaning buddy doing?

RJ