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

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To: Coho who wrote (349)7/15/1998 12:59:00 PM
From: Lee Bush  Read Replies (2) of 972
 
Don and all:
I just finished talking to Jack. There are enough positives to outweigh the negatives on this stock. First, the negatives: The Bakersfield plant has been shut down pending receipt of gypsum. The gypsum is loaded on the siding in Blythe. Perhaps a week before delivery. On the positive side, the rubber deal is still on and progressing. The NW Washington sludge test by EPA is scheduled to be completed soon. Also, a new deal for jack beans of over a million pounds is nearing completion. Finally, processing of hematite ore is yet another application of this technology that is being explored. I feel that the stock is at rock bottom prices and should move upward as we see these events unfold in the very near future.
Lee
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