Replies to post #51386 on First American Scientific Corp. (fka FASC)

[Waitedg]

Sam - Offering to donate FASC shares to them would not, in my opinion, be a wise move. First of all they are now virtually worthless in the Gray Market. Secondly, we need to be supporters, but not enablers, at this point. There is considerable difference. Brian and Adam nay have some motivation to scrape together, sacrifice, etc. to get this present elephant off their back. Particularly if they want something compatible withe their updated web site, and the ongoing sales or sales possibilities that TR and Net-Man allude to. - Dave

[sunspotter]

"The fact that they are meeting
with SEC/Welch is wonderful news."


If they really have contacted him to arrange future contact(and I still have my doubts on this), I suspect it will be a (fairly terse) 'phone conversation.

I don't recall Janice saying there was going to be a physical meeting.

[rj2]

Hi Sam,

A few years ago we could see this happening due to having a closed board of directors. I know I warned of the possibility. Cal was still alive at that time. I did not like some of what I read in the quarterlies.

If we could have a legit shareholders meeting and a diversified board of directors the money to make this happen would not be difficult.

The best Idea for the company as suggested years ago would be selling out, merging with a larger equipment firm, or even licensing as suggested here would be better than the way they were operating. I do believe Brian is honest and doing his best to salvage the company, I just would do many things differently.

Failing does not mean Scam.

RJ