FASC- first of the newsletters..
microcapalliance.com
FASC:OTC BB Here is one for momentum traders...
We spoke to the Company this week and requested a furthur update of it's
activities for the next quarter. The Company share price is as cheap as you
can find for a bulletin board stock with potential upside. The Company's
new management team appear well focused on two fronts as referred to in
two previous Press Releases. The price at. 06 cents in our evaluation
presents an excellent opportunity for Investors. One facet of their
operation which is the waste disposal technology is one we particularly
like, because of the growing demand for these kinds of operations
world-wide. Although in the development stages, as funding becomes
available,the Company intends to persue aggressively this aspect of their
business plan.
Our Newsletter profiled a similar Company about 2 years ago, which was in
the beginning stages of
development of waste disposal and that Stock is now trading over 7.00
Canadian. We feel FASC
has the potential for unlimited growth in this one area alone and potential
revenues for the Company if this Technology successfully implemented, will
bring greater shareholder value.
The following is an excerpt from a previous Press Release referring to the
above and the Company's plans in the area of waste disposal.
QUARTER ENDED MARCH 31, 1999
The Company rents premises at 4100 Burr Street, Bakersfield, California,
for the sum of $1,500 per month. A party interested in a joint venture at
this facility has absorbed this cost as part of its analysis of its
opportunities. The lease on these premises expires in April 1999 and an
extension has not as yet been negotiated. The plant consists of two (2)
KDS machines which are currently leased, which in turn generate processed
industrial minerals at the rate of 10 to 12 tons per hour for both
machines. These machines are supplemented by approximately $1,500,000 in
additional equipment, such as conveyors, bagging equipment, large bulk
hoppers, various and sundry electrical equipment, weigh scales and
receiving docks, and sundry
other items.
For the nine months ending March 31, 1999, the largest single expenditure
was $65,000 for royalties per agreement to acquire the technology. The
Company also spent almost $35,000 on research and
development and $20,000 to promote the technology as it relates to
industrial minerals, rubber and
biowaste (sludge). The Company has reconfigured the machine for biowaste
and completed onsite testing program for biowaste. Test results from the
biowaste test site continue to be positive and the Company was very pleased
with the Pathogen count and the moisture reduction in the test site.
All operating results are reflected in U.S. dollars and any foreign
exchange loss or gain is nominal in that the value of the Canadian dollar
to the U.S. dollar has only changed moderately and most expenses and funds
and funds raised are in U.S. dollars. The exchange rate during the past
quarter was virtually
unchanged.
FOREIGN OPERATIONS
The Company is conducting its biowaste testing in the State of Washington,
having moved its equipment from Chilliwack, B.C. Canada. The Company is
currently testing a KDS machine near Tonasket, Washington. The focus of
its efforts in the quarter ending March 31, 1999 continued to be directed
toward biowaste and the preparation of the machine for commercial
applications. Corporate and administrative offices are maintained in
Vancouver, British Columbia, Canada.
This is one operation to check out immediately and in doing your DUE |
