Replies to post #12038 on First American Scientific Corp. (fka FASC)

[TRCPA]

Jag......you might be forgetting something. FASC also owns 50% of the Malaysian company and gets 50% of the profits.

On top of the royalties.

"In addition to earning royalties for all KDS equipment sold in Malaysia, FASC will share equally in the operating profits of the joint venture and retain a 50 % ownership in FASC (Malaysia) Sdn. Bhd. A machine was purchased by FASCM and shipped to Malaysia in August 2004. Operation and evaluation of the equipment is now ongoing. The first KDS sale in Malaysia was to a biomass power plant, with the potential for 5 more sales to come. FASC earned approximately $ 15,000 in royalties on this sale. An update from Malaysia is expected in November 2005."

But I'm pretty sure you knew that already, didn't you, winkster?

All you had to do was read the first half of the paragraph that you cited.