FASC (First American Scientific Corp) Message Board

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

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To: Coho who wrote (543)	10/13/1998 12:54:00 PM
From: jmt	Read Replies (1) of 972

Don: Excellent post! Thanks for taking the time and sharing the info. It is my understanding the company has $500K in debt for the technology. If the financing (JV) was equity based in this amount, it would mean an additional 15M to 25M shares, and close to 30% ownership. If we then include the options of 15M, the potential exists for about 80M to 90M shares outstanding. But if this satisfies the last major cash requirement, management will be incented to produce. For FASC to earn a penny a share, they will need a net income of around $1M. Not knowing the stucture of the revenue stream (sale of machines, licensing, processing) it is difficult to determine what level of revenue they need to achieve. But it is a good sign that someone close to the operation see's economic value in the technology. Again thanks and keep in touch. jmt

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