FASC (First American Scientific Corp) Message Board

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Gold/Mining/Energy : FASC (First American Scientific Corp)

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To: jmt who wrote (332)	7/13/1998 1:39:00 PM
From: jmt	Read Replies (1) of 972

Per my last post. Mavis has informed me today that the company is financially savvy and would not be likely to enter into a dillutive financing arrangement. Also, there are about 49M shares out, many issued to retire secured financing in January. Higher authorized shares would be necessary for any private placement. Now some back of the napkin calculations. Full production of 2 machines = $1M in revenue. Margins = 50% Shares out (after financing) 80M P/E = 8x (discount from market for liquidity. If the company can get to $5M in revenue, earnings $2.5M, Earnings per share = $ .03 per share 8x multiple price = $ .24 per share. Please understand this is all hypothetical and I have no intuition of future revenue, margins or earnings. But I invite you to provide any meaningfull input to these projections. jmt

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