Replies to post #8318 on First American Scientific Corp. (fka FASC)

[Jagman]

So they sold enought the previous two months to last two more months. Anyone figured their monthly share burn rate? 140 million in 5(?) years = 2.33 million per month on average and probably more like 6 million at these pps levels. That seems too high.

[TRCPA]

Waitedg......not difficult to see at all, IMO.

Short-term, KDS sales are the direct path to solving short-term cash flow.

Note the revenue-booking policy below.

Revenue and Cost Recognition
Revenues from the sale of KDS machines are recognized when there is a sales contract, all terms of the contract have been completed, collectibility is reasonably assured and the products are delivered.

Tells me that there could well be sales contracts that we don't know about, given that the revenues won't be booked until "all terms of the contract have been completed".

I'll be looking to see what next week's 10Q has to say, as I continue to watch the O/S count closely.

I like the signals, however.