Replies to post #40906 on First American Scientific Corp. (fka FASC)

[TRCPA]

Thanks, RJ. With the Wood Pellet Conference beginning tomorrow and running through Friday, I would think that Simo might be tied up for the rest of this week.

[charlie02356]

rj2: Thanks. Can you clarify one point? Which two machines was he talking about?

We keep hearing (10Q substantiated I believe) that there are two machines that were partially paid for but in INVENTORY, but your wording sounds like they were send to the companies.

Or is he talking about a time, long, long....long, ago?

Charlie

[TRCPA]

REM? OK, sleuthing under way after work. EOM.

[Fasctrack]

I can't say as I blame Brian. At some point the customer has to put up or shut up so to speak.

For sales of a stand alone machine without other supporting equipment (which is what Simo sounds like to me), I thought FASC or PacWest had an arrangement with Cascade Capital. FASC could insist on getting paid the profit margin in cash, and Cascade Capital finances the balance (which FASC uses to pay the manufacter and other costs of sale. I am sure I am over simplifying.