Replies to post #16545 on First American Scientific Corp. (fka FASC)

[rj2]

Waitedg,
I agree for the most part, how-ever if it is true that Prince George will bring other interest and there are increased sales, financing is not impossible. The first sale of a new System is always the toughest. When successful, then doors will usually open.

I do a lot of High School and University Work with Sports flooring. Upgrading with specialty flooring always takes having one succussful installation somewhere previously or a free-be trial installation. (I think FASC did this?)

Once FASC has a Municipal installation running, a happy and successful customer,new sales can be accomplished easier. Others can be brought to the facility as a marketing tool. Financing can be made with a Bank per individual projects. Banks will collect the recievables as a cash management account putting remaining cash above obligation "if any" into FASC's account.

As I have said, I am not highly educated I am a floor installer. But I have been through this a couple of times.

Financing is not a problem if .....

#1 Have a Proven Product and Track record (?)
#2 Successful Marketing Program (?)
#3 Company is living within its means. (?)

All business's are a gamble and challenge, picking the odds
for potential are the challenge?

These are my thoughts and opinions only.

As for PPS, If it falls below .14 I will probably buy a few more shares.

Thanks for your assessment, I do appreciate it.

RJ

[Waitedg]

Sometimes we come out of the darkness into the light slowly. I have pulled even my small .012 order. This company, in my opinion, is in an ugly mess. No position should be attempted until an objective analysis of this company's attempt to raise capital through private placement. Could be as bad as the Kmart bankruptcy which left existing shareholders with nothing.

New investors just considering FASC--my advice is hold your powder. Only you can decide whether to take your losses. Do your own DD--but don't get blindsighted into reading only one-sided posts.

Am I operating out of a sour grapes frame of mind? I am a retired Christian counselor. Draw your own conclusions and decide on how you see me. Some see me as a spiritual hypocrite. Your choice. Waitedg