Replies to post #38297 on First American Scientific Corp. (fka FASC)

[TRCPA]

Wonway......dont know where the FASC cash position is now; we will be finding out more next month.

You are right on one hand.......it won't take much cash to buy back shares at this point. FASC has been struggling with its cash flow....but as you indicate.....a number of direct sales would change that picture quickly, since FASC should now be making close to $200K margin on a sale. Their quarterly overhead expenses are less than that.

So......if something were to happen like 6 direct sales were booked in a quarter, they could yield a $1 million quarterly profit and similar cash flow.

What they would then use this for could include a buyback, given the current cheap price shares. For sake of argument, $1 million might currently buy back somewhere in the neighborhood of 25-35 million shares.....and send the price up significantly.