At this point, Brian will wait until the fiscal year is closed (6/30) to avoid paying for 10Qs. It makes it easier on the auditors and less costly too. The auditors can then issue 10ks for each of the outstanding years. That being the case, we will not hear from HQ until September 30. All IMHO of course!
Charlie.......previous to what Net-Man was saying, we have the following sales information from different sources. And based on all of the available information, it takes one KDS sale/quarter to make FASC profitable.
Let's be even more specific about what it means to be official, for those who may be new to this board.
FASC is in the business of selling KDS. When a client agrees to buy a KDS, there is a sale taking place. That would be represented by an official sales document.
This is followed by a 50% deposit by the client to pay for the manufacturing of the KDS. Once manufactured, the client is then obligated to pay the remaining 50% (ultimately profits for FASC), and the KDS is shipped and commissioned by the client.
Then it becomes booked and official in terms of the financial statements and the SEC.
In any event, here is that sales information.......
1) Recent KDS sale to Golden Eggs in Quebec for hen manure
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