Replies to post #11007 on First American Scientific Corp. (fka FASC)

[Jagman]

TRCPA, I just wonder why ZEO didn't mention it in the PR, it is significant info for investors that ZEO has to split the profits (losses), IMO.

"Under the agreement, a new company, United Zeolite Products Ltd. (UZP) will be formed with each party contributing equipment, raw materials, and contractual rights respectively. First American Scientific Corp. will own 1/3 of the outstanding shares of UZP and will manage the operation of the Princeton plant. All profits from the joint venture will be divided equally amongst the 3 parties."

Or is it 4 partners with 1/4 of the shares? Usually these guys pump each other up, but no PR from FASC either.