Sleepin Easy,
Cal shared many things that were over my head, I will share in
a simple manner what I think I was able to understand. At Prince George as you know, they have been contracted to do a test program sith a S-4 unit. Everything was successful. How-ever the unit was to small for the operation they need. Two S-8's are presently being built. If I understand correctly going from an S-4, to a S-6 then to a S-8 is not easy. For particular use and changes in cylinder sizes, engineering has adjustments to make to match performance of the smaller units. I know this is not clear, but basically a lot of tweaking is being done for the larger units to carry the same "golf swing" as the smaller units.
As for opposition, I think May 14 was just a legal date. There was no formal opposition to this program.
As we all know, the Budjet Prince George has is not sufficient to properly pay for the S-8 units. There will need to be adjustments such as additional funding along with price comprimising of the units. It is very important to get these units placed because they are to be the selling platform for this particular use.
I know I may have missed some things Cal said do to my being a beginner in this particular Industry and relatively new to this stock. "My minimal understanding". How-ever I do know that this was a developemental Company that has basically been researching, developing, learning and placing Machines for free and at low costs to customers. It is now trying to build a "selling platform" and market itself in the Industries where it has had the most success.
My opinion is this as an investor, This is a long term investment going forward and a great opportunity for those who are able to hold until Marketing success. "Takes time"
I feel the Company is very appreciative of the investors during its "research and developement" period. The Company does not understand the Bashers or people that feel they need to trade the stock every three days.
In closing, my opinion is FASC is a good stock for me to put some additional shares a way with dollars I do not need for at least two to five years. If I had a short term outlook or was a trader I would prefer the oils stocks which I also own.
I am sure there are people here that know way more than I do about this Company and its products.
My investment style took me to find out Managements ownership interest and personal risk is involved. There is a lot of need and desire for this company to be successful.
My Opinion and...
Each to their own,
RJ
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