Replies to post #8602 on First American Scientific Corp. (fka FASC)

[terry hallinan]

[From the 10-Q:
UZP has a $ 5,000,000 Cdn contract to supply of micronized zeolite to Halliburton Group Canada...Rock blasting is underway at the Zeotech mine in Princeton and raw material is expected to be delivered for processing shortly.

The 10-K indicated the $C5M was to be streteched over 3 years.

Anyone have any thoughts on gross profit likely? Reserves beyond 3 years?

Looks to me like funds could start flowing to FASC as early as this quarter though not huge in total.

Apologize if this has been beaten to death elsewhere.

It looks like a nice project especially for demonstration but not exactly a goldmine.

Appreciate any thoughts.

If you assumed a 50% profit [just a figure], FASC's cut would be $494K over 3 years after adjusting for an exchange rate of 79 cents Cnd/$1 U.S.

Best, Terry

[Jagman]

TRCPA: You assume the filings to the SEC are always truthful.
I can show you an example where an OTC company lied for 8 years in a filing regarding a "contract" to produce a product, which has disappeared from the latest filings. The SEC does nothing, they only check maybe one in ten filings of the big cap companies, and don't even bother with complaints from OTC shareholders. The SEC policing the OTC is like one policeman taking care of New York City, LOL!

I think it should be OK for me to give my opinion over and over again if it's OK for you to give your's over and over.
;-))))))))))