Replies to post #51946 on First American Scientific Corp. (fka FASC)

[sunspotter]

So does that mean you believe that the most important part of a regular, normal public to private transaction will happen here?

"At the most basic level, the private group will make an offer to the company and its shareholders. The offer will stipulate the price the group is willing to pay for the company's shares."

http://www.investopedia.com/ask/answers/05/publictoprivate.asp

I'm willing to bet good folding money that neither Nichols nor anybody else associated with FASC makes any such offer to existing shareholders.

If anything I expect to see Nichols try to dun some more cash out of his existing victims by asking for more money under the pretext of getting the show back on the road.

But if you've heard differently recently, do let us know.

[TRCPA]

These are new SEC rules that apply to small businesses going public under Regulation A...... (Dont believe they would apply to FASC due to its suspension, but the timing is sure interesting).

http://www.sec.gov/news/pressrelease/2015-49.html

http://www.investopedia.com/terms/r/regulationa.asp

[sambeaux]

"At the most basic level, the private group will
make an offer to the company and its shareholders."
In this scenario, the private group for FASC would be
Brian/hqtrs. Right?
Or would it be a (third) outside group making offer
to buy all the shares; ours and Brians/hqtrs?
PS
Were Brian and Cal the people who first took FASC
Public? Does anybody know the genesis? And how
much money was raised with the first stock offering?
PSS
CPAMAN, for its briefness.. this is an excellent mini-
primer about Public- Private Business.