Replies to post #31458 on First American Scientific Corp. (fka FASC)

[charlie02356]

The Company anticipates revenue to increase in the near term based on projects in process that are expected to lead to the sale of several KDS systems over the next twelve month months.


several = "more than two but fewer than many" - Merriam Webster

near term = "3, maybe 6, months - NOT 12!" - Charlie

[sunspotter]

"The game changer from this 10-Q"


I suspect this is more of a "game changer" than yet more vague promises of a profit in the "future":

"Going Concern


The Company’s auditors have expressed substantial doubt as to the Company’s ability to continue as a going concern due to a history of operating losses, limited cash resources, negative working capital and dependency on the success of future financing requirements to maintain operations. Our ability to continue as a going concern is subject to realizing a profit and /or obtaining funding from outside sources. Management’s plan to address the Company’s ability to continue as a going concern includes: (i) obtaining funding from the private placement of debt or equity; (ii) realizing increased revenues from sales of the KDS system; and (iii) obtaining loans and grants from financial or government institutions. Management believes that it will be able to obtain funding to allow the Company to remain a going concern through the methods discussed above, though there can be no assurances that such methods will prove successful."