Replies to post #39438 on First American Scientific Corp. (fka FASC)

[Fasctrack]

"The SEC attorney said he cannot send anything out at this time."

I find that response lacking credibility and very convenient.

[TRCPA]

Thanks, RJ. We all know plenty about St-Malo, so I expect that is where we next hear more about a done deal.

[sunspotter]

"I am assuming that many of the penny stocks companies just shoot from the hip and ignore their attorney. I do know of a couple that have done that."

And I know of more than a couple of penny stock companies that use a (sometimes entirely mythical) attorney's advice as an excuse as to why they haven't said anything. In fact it's pretty much par for the course.

There would be nothing actionable or that would increase the risk of SEC suspension or revocation - which is already not negligible - in Brian issuing a brief explanation to the investment community explaining why FASC failed to file the legally required 10-K and what the plans are to remedy the situation, provided it was a truthful statement.

And those six last words may be the real reason for what has elsewhere been termed a "cone of silence"

[Al4343]

Forward looking statements are accceptable for all but FASC and Brains attorney....yeah. It appears Brian reains an attorney that agrees with him that the SEC will slam mighty FASC if it were to attempt a forward looking release...gimmee a break!!!
I am now leaning more toward the dark scenario where the stock is priced appropriately despite TR & NMs constant promotion on this thread...there is now a decent chance there is no sharholder guidance because our one man band has none to share.

Al