Replies to post #51277 on First American Scientific Corp. (fka FASC)

[Net-Man]

TRCPA - There are some interesting nuances in all of the regs. One important distinction seems to be the number of shareholders. A larger percentage of them don't hold very many shares - 100's or less. Just the same, it is a distinction with a big impact apparently.

While they work through the issues regarding where the shares are traded, the one thing that has been lost in the discussion is what are they doing with sales? If those don't finalize, it really won't matter since there clearly won't be enough cash to pay for the audits. With that said, I believe they have a couple of large sales that are in the works. That would be important to find out more about.

[integral]

You seem to keep overlooking FINRA. They have 2 reviewers on staff, it will be four to six months before they finalize a review. That is their current workload right now. You will be revoked by then. Also, FINRA will not approve a 211 just after a suspension and noting an imminent revocation, they will deny it.

It is just the way the system is designed and works.