Full Profile on FASC (which IMHO is set to break out), that I just sent out to my readers:
Please note, that I am NOT an investment professional, licensed or otherwise, nor have I ever been.
I will also point out, that the things stated herein, are only my Opinions, and observations, of which I might be right, or that I might be wrong.
Please also read disclaimer at the end of this message:
Full Profile of OTCBB:FASC, First American Scientific Corporation:
FASC closed on Friday, 03/10/2000, at 43 cents a share.
As many of you all know, I sent out a message earlier this week, as an ?alert? that FASC was rising, and rising fast. I sent out just a ?snipit? of information on FASC as a possible mover and at the very least, IMHO, a good short term play.
After further research, I now see FASC as a long term play, at least for me. Each one of you, will have to make your OWN decisions about FASC, including if you feel, that FASC is a long term or just a short term play for YOU.
Charts for FASC here:
207.61.23.98
Telecan Chart Rankings:
tscn.com
TSCN Charting (be sure to click on the Decipher link at this website):
tscn.com
Insider (Form 144 filing) Information on FASC (note: Gary Bernie was the Former CEO of FASC):
insidertrading.com
Business Model(s):
KDS Machine ? Waste Recycling machine
VDO (Video On Demand) ? Still under Development by the company
First American Scientific Corporation
1003 ? 409 Grandville Street
Vancouver, British Columbia, Canada
V6C 1T2
Toll Free number: 1 800 561-8656
CEO: Mr. C. L. Kantonen
From the Recent PRE 14A SEC filing:
The Company's Board of Directors has established the close of
business on March 7, 2000, as the record date (the "Record Date") for
determining the shareholders of record. On March 7, 2000, the Company
had 99,121,018 shares outstanding and entitled to vote.
Float, per a FASC long is 98 Million shares (note: Best bet to get ACCURATE information about the Float, is to contact the company):
ragingbull.com
Some might express concern as to the large float and O/S, and rightly so, as one should always keep an eye out on such a thing. However, I?ve found that if the demand is there for the stock, then the float and O/S while important to consider, and can slow down the (fastness of a) rise of a given stock, it still can be done. That is, the price can still increase, just not as fast as a company with a smaller float. EDIG is one case in point. EDIG float, I?m told, is 110 Million shares, yet EDIG is trading in the double digit dollar range.
So, like I said, if the demand for the stock is there, even with a large float and o/s the stock can IMHO, still rise, albeit perhaps not as fast as a company with a smaller O/S and Float.
SEC Filings for FASC:
freeedgar.com
Note:
It has come to my attention that the company is requesting from it?s shareholders (of which I am currently one of), the ability to have authorized an additional 100 Million shares. This would bring the total Authorized shares to 200 Million shares. Authorized shares do NOT mean that right off, that the Outstanding shares will increase to the full measure of that amount (in this case if approved, 200 Million shares) right off the bat. It just means that down the road, if this increase of the Authorized shares are approved by the shareholders, that the company CAN issue more shares into the O/S up to, and including that amount.
The company has also said to the FASC longs, that if this increase of the authorized shares is approved by the shareholders, it would in effect be a good steward of these shares, this via a post on the Raging Bull:
ragingbull.com
Here is the request to have the Authorized shares increased, via a SEC filing:
freeedgar.com
IMHO, while it's important to keep ones 'eye' on it, as a savy investor, this is not a major deal, as long as the company does NOT go ?hog wild? in using these shares should the authorization for the increase be approved by the current shareholders.
The stated purpose for these shares, is to help get the KDS machine into production. It has also been stated, that there are orders pending for the KDS machine, depending on the (sucessful) demonstration of the machine at the upcoming Global 2000 show.
See here about that show, which will be held, March 22 to March 24, 2000:
globe.ca
Confirmation that FASC will be there:
globe.ca
Recent PR?s on the Company:
bigcharts.com
Excellent FAQ and DD Webpage on FASC, maintained by an FASC long:
ctel.net
First American?s Website (be sure to look at all links here, ESPECIALLY the slide show that explains how the KDS machine works):
fasc.net
Cal (the CEO of the company) explains briefly the heavy metal separation process and a few important details about the patent for KDS technology
ragingbull.com
Good explanation of the KDS machine.
ragingbull.com
some very good DD on fasc
fasc.net
FASC also working on VOD (Video On Demand) project
ctel.net
Posts on the Raging Bull, that the FASC longs have voted as ?best posts?:
ctel.net
As always, be sure to do our own DD and Research, and then decide for
yourself. Remember, FASC is still an OTCBB stock, and as such, is
IMHO, still a risky venture.
IMHO, when playing the OTCBB market, one should only risk funds that one is fully ABLE and Fully WILLING to lose TOTALLY!
Should after completing your OWN DD and Research, you find you are still interested, and decide to buy this companies stock, then IMHO, you should ONLY invest not only what you are ABLE to lose completely, but ALSO what you are WILLING to completely lose.
If you would like to know more about FASC, or any other company that has been profiled by Voyager's Stock Tips, go here:
listbot.com
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Lastly, and I can NOT stress this enough, do your OWN Research and DD, and then, and only then, decide for yourselves if ANY of these companies, is something you might or might NOT be interested in.Happy DD and Researching!
JMHO, FWIW ....
Voyager
voyagers-stockpicks.com
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