First American Scientific Corp. (fka FASC)

[Net-Man]

TRCPA - Good points. Something to consider though, the larger sums of monies due the insiders are in the forms of loans, which become worthless if the company goes belly up. Half versus nothing seems more than fair considering the $16 million invested to date. Considering the current pps, the options are worthless at this point. Not much strength to negotiate from.

So without immediate sales in the pipeline, what I am suggesting resolves many of the balance sheet problems and provides cash to extend FASC's business both in machine sales as well as a new line of business that could have a more steady revenue stream.

fwiw,

Net-Man