First American Scientific Corp. (fka FASC)

[Al4343]

- Reverse split 1:2
- Maintain authorized at current 200mm shares
- Reduce all insider debt by half (seems fair that everyone should be punished equally)
- Use proceeds from new share sales for business execution ONLY
- New CEO
- Brian maintains chairmanship
- stock options based on performance (machine sales and pps)
- develop FASC owned bio-mass business (pellets/powder/bio-gas)

If you cut through the noise I attract on this board, I advocated much of the above. Unfortunately I received the "it is what it is" reply when I pressed Brian on considering expanding FASC efforts in light of the biomass movement. I am all for doing whatever is necessary to move forward and make a concerted effort on marketing the KDS NOW. This bunker mentality has gotten us to this dismal position. Unfoprtunately I have become 90% convinced ( based on 1 1/2 yrs of 2nd time ownership in FASC) that Mr. Nichols is not the man for the job these actions require.

Al