Replies to post #52003 on First American Scientific Corp. (fka FASC)

[Waitedg]

Net-Man - In response to your comment:

"As I understand your argument, FASC will have zero value simply because it will not trade in the same manner as it currently does."

This is not my position at all. My argument is that presented by the new moderators:

1. The honesty of Brian is seriously in question. He apparently lied to Charlie, and I believe it was Integral who pointed out a further area of deception.

2. Our new moderators also pointed out that almost, without exception, stocks in a similar situation to FASC, have left the stockholders high and dry--with nothing.

3. What assets that FASC has could be diverted to just insider interests, back salaries, etc.

4. The combined postings of Lucky, Janice, Integral, Sunspotter and Renee pose a likely scenario of the outcome of FASC. And they provide the type of balance that was discouraged before they came--as attested to by the way Sunspotter was treated, and others who tried to bring out the risk side of the equation.

I no longer have the buy orders in at .0005 and .0004 that I mentioned earlier. You further state:

"From a FASC perspective, it still comes down to sales and will the current management be able to make those happen?"

I think it really comes down to what management has been doing with past and present revenues--and the realities that our new moderators have presented to us. It would be good if the extreme risk side of this equation was encouraged, and presented. It has not been the case in the past--to the detriment of this board.- Dave

[sunspotter]

"by that same logic Dell has no value because it is private."

That's a complete non sequitur.

The relevant point is that Dell bought out its private retail shareholders before it went private:

"Dell privatization deal completed

On Oct. 29, 2013, Dell announced the completion of its acquisition by Michael Dell, Dell's founder and CEO, and Silver Lake Partners, a leading global technology firm.

Under the terms of the merger agreement, Dell stockholders will receive $13.75 in cash for each share of Dell common stock they hold, plus payment of a special cash dividend of $0.13 per share to stockholders of record as of the close of business on Oct. 28, 2013, for total consideration of $13.88 per share in cash. The total transaction is valued at approximately $24.9 billion."


http://www.dell.com/learn/us/en/uscorp1/secure/acq-dell-silverlake


I think we all know that when FASC gets revoked, its ordinary retail shareholders will be left with nothing. Literally.