Replies to post #7244 on First American Scientific Corp. (fka FASC)

[Jagman]

TRCPA: Tsk, tsk, you are a CPA? If the company owes me $1000 back wages, I tell the company to give me $1000 in option shares, or if you like, I pay $1000 to the company to exercise options, then the company pays me my $1000 back pay.

[rob65737]

TRCPA, I think you're dreaming on the OTCBB if you think that people who get options wait for share price appreciation to sell. These options are the same as salary or payment for services and likely not investments. Again the OTC is different than the Naz or NYSE and if you're not aware of the motivations of participants at all levels in these "penny" stocks, you're going to be disappointed. You are right about the company getting the money when options are exercised, however, the company will only get the price at which the options are granted--haven't read details here, but often at a decent discount to current share price. Double-edged sword, because even if the share price of FASC goes up, and if these low-priced options are exercised, the company has severely compromised their current shareholders (those without sweet option grants). Often with an OTCBB company these type of options in lieu of salary or services is just a way to keep the doors open a little longer. Good luck here, though. robj