Jim, Maybe it has been longer than I remember, but if my memory serves me right, they have burned thru around 90 million shares in 5 years. And at much higher prices than we are looking at right now.
It has been pointed out that they have lowered operating costs, but does that just mean they aren't getting anything done? I wouldn't mind burning thru the shares as much if I thought we were getting something of value, other than services. When Cal asked for the additional 100 million shares, they were to be used to increase FASC assets and value. That hasn't happened and now that they are fast approaching an empty cookie jar again, I have to wonder what the next plan will be. Sure they say there is a lot happening, but will anything actually come from all these irons in the fire?
In the real world of private business, you have to perform if you expect to survive. From what I have seen with FASC, all you have to do is appear to be on the verge of something happening.
How about a real board of independant directors? Someone has to be accountable to ensure things are really getting done.
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