FASC (First American Scientific Corp) Message Board

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

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To: Lee Bush who wrote (337)	7/14/1998 9:25:00 PM
From: Coho	Read Replies (1) of 972

Lee, always appreciate your posts. I was wrong, I thought the only way to refinance was to have a roll back or a consolidation of the stock, say 10 to 1. Nope, the company decided to issue 50m more shares? I was having a good laugh at the expense of FASC today with an investment buddy of mine on FASC's brilliant financial brains(sarcastic comment). We have a $.04 cent company issuing 50m shares, so what is their target financing, $.01 or maybe $.02? Unbelievable!! Yup , the company is headed for a full NASDAQ listing. Lets see, 100,000,000 shares at a minimum of $5.00 is a $500,000,000 company. Good Luck! I'll follow the technology but lets face it this company is tanked!

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