Replies to post #39183 on First American Scientific Corp. (fka FASC)

[Net-Man]

rj2 - I didn't think I was pumping good news, but simply pointing out what I believe to be in the pipeline. The 2 machines in inventory are old news and I think we are just waiting on the project that ordered them to complete the transaction. We also know that St-Malo is purchasing a machine and that QL continues to expand. I'm not sure what else is in the pipeline beyond several quotes that Brian has made, but do expect some of those to break free shortly.

From a pps perspective, I couldn't agree more that some have reached their risk tolerance level and are looking to leave this investment. I am nibbling as the pps comes down. Can't let David buy everything!

fwiw,

Net-Man

[TRCPA]

RJ......we have a very interesting dynamic here with FASC.

When you go back to 10Q for 9/30/11, we had a profitable quarter from booked KDS sales, AND 2-3 additional KDS sales that were closed, with the 50% down payments taken.

Then....suddenly, the cash flow spicket got turned off.

At the same time, the SEC reports continued to tell us that more KDS sales were in the pipeline and profitability remained a near-term expectation. But cash flow forced FASC to get even leaner and meaner, while awaiting those and perhaps other KDS sales to close and become cash flow providers.

Bottom line for me based on the above remains......one KDS sale booked per quarter.....based on the most current figures reported on the SEC reports, i.e. operating expenses now of $150K per quarter with $40K of that being non-cash depreciation and amortization.....indicates profitability.

And profitability in the penny markets is something normally quite unusual.

I am expecting that this near-term profitability expectation cited in the last 5-6 SEC reports will become fact again very soon.