Replies to post #9014 on First American Scientific Corp. (fka FASC)

[TRCPA]

Seton........to each his own.

I rely heavily on the SEC reports for the following reasons...

1)They provide the most current financial information

2)They go through a filtering process

3)The are examined by independent auditors

4)They are signed off on by company officers

5)They are sent to a federal oversight body, the SEC

Oh....and regarding KDS sales, I found the following two statements from that recently filed 10Q to be quite informative.....especially considering that we know the third machine sale to be the KDS sold to the South Korean company.....the last sale press released by the company.

"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. During the nine months ended March 31, 2005, the Company sold two machines and received a deposit for the sales of a third machine."

"The Company met this minimum sales target in fiscal year 2004, and has already exceeded the target for fiscal year 2005 with three sales so far and a fourth contract signed awaiting deposit. Sales are booked when the equipment is delivered."

Pretty straightforward, IMO.

[terry hallinan]

Setonian,

Dumb guys like me would rather hear from the CEO

I doubt you are dumb, but if you think you are getting inside information from the CEO you should worry plenty.

Over and over again I see angry recriminations from stockholders who talked with the CEO or other hotshot in the company ("he lied to me..."). Parsing written communication is bad enough without relying on memory of conversation or even a recording. Have you not noticed even in presentations the vast difference in interpretation of the language?

Give me a 10-K anytime over a promoter's promises.

Best, Terry