Replies to post #8333 on First American Scientific Corp. (fka FASC)

[Setonian]

TRCPA...we have a better chance of FASC going to the NYSE then any bank giving any type of credit line to FASC, seeing how the CEOs pay themselves quite handsomely for reletively nothing being done for the health of this company.

JMHO,

Setonian

[Jagman]

TRCPA: I think this has been discussed before. In the real world, banks do not loan money to companies with no assets to back the loans. Diluting OTC companies are always pumped as being "debt free", well duh, it's because they CAN'T borrow. The longs have bought shares to provide salary and expense money to run the company hoping for a return based on perceived potential. Basically you have loaned money to the company with no strings attached, just hoping for a market return. If FASC receives orders for a 100 KDS's, they "MAY" be able to obtain purchase order backed loans, but that's about it, IMO, and they could be "expensive" loans.

"Backed by future revenue flow" is not a valid loan qualifier except with loan sharks and they usually don't like public exposure, LOL! Now if you have some past revenue flow history, then future revenue flow may be considered.