Replies to post #51972 on First American Scientific Corp. (fka FASC)

[sunspotter]

"through their failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letters.

is this what happened?"

Not unless FASC moved from its Abbotsford office without telling anyone.

And I'm sure that one of the DD mavens in constant contact with Mr. Nichols would have told us if this was the case.

No, unfortunately it seems incontrovertible that Mr. Nichols was flat-out lying when he told Charlie and others that he hadn't been contacted by SEC about FASC's extreme delinquency with its legally required filings.

Which probably tells you all you need to know to forecast the future value of FASC's shares.

[janice shell]

There's no doubt the company was three years' behind with its required filings. It may not have received the OIP because it changed its address. Since it wasn't submitting any filings, the SEC would have no way of knowing what the new one was.

So the administrative judge cut Peter a break, and reset the clock, giving him more time in which to get in touch. He failed to do so, so the initial order of revocation was once again imposed. Now he has 21 days in which to appeal. I don't think he'll bother.