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Gold/Mining/Energy : FASC (First American Scientific Corp) -- Ignore unavailable to you. Want to Upgrade?

To: Jim K. who wrote (408)	8/1/1998 10:42:00 AM
From: Jim K.	Read Replies (2) \| Respond to of 972

**To ALL This is my attempt to review the POTENTIAL of this company and it's PATENTED technology to the extent that we have been informed. I feel that many of my questions could be answered by management to the benefit of potential investors and therefore the share price. I am not, in any way, implying that the company is hiding any thing. I do imply that lack of detail or information is (IMO) a current weakness within the company that could be corrected with nothing more than a little bit of extra effort. If I'm wrong and a legitimate explanation is given for this lack of detail and communication, then I sincerely apologize to management. I believe that they are no doubt working their butts off to keep things going as is necessary in a initial growth atmosphere. If this review helps some one with their initial assessment or maybe provides a out line for doing their DD, then I believe it will have a POSITIVE outcome. Some people may read these questions as being negative in nature so I want to state my position. I have over 100,000 shares and am definitely long in position. I am no different than any one else in that I would love to see it all come together tomorrow, but alas the real world does not work that way. I would appreciate any comments and help from any one that has expertise in the various areas that may apply to this company. I list these in a descending order that I currently perceive their potential value to be. Obviously, with more information and knowledge, this value order will change. 1. District & Municipal Sludge Processing for Safe & Economical Disposal: The company has spent considerable time & money in testing and proving this application. According to early Web Site statements, they tested sludge from the GVRD ( Greater Vancouver Regional District ) although I was unable to verify this since the engineer in charge of GVRD was not aware of this. I have to assume therefore, that they simply acquired some sludge product from GVRD and hauled it to a test site for their own tests. The company stated that testing was done at Chilliwack, BC. and was evaluated by a independent testing firm, who was not named. Statements made during phone conversations with FASC reported that the results were very good and even better than expected. The name of the testing firm has not been given nor have the actual results been publicly reported. This type of information should be given to lend credibility to the company statements, IMO. 2. Processing of Dump Site material for: a. Conservation of Land & Reduction of real estate costs ( Possibly increase the life of a dump site 100 fold ) b. Recycling materials of value if economical separation can be achieved 3. Processing of Agricultural Sludge for Safe & Economical disposal: 4. Processing of Agricultural products, Gypsum, Crops(Jack Beans): At the present time this appears to be the one application sustaining the company. It does not appear to be well established in this market yet and seems to have much greater potential than has been achieved at present. I have been told that FASC has a marketing representative that calls on the agricultural community to sell and promote this product. 5. Processing of Gypsum for Wallboard for construction Industry: This possible application has not been explored to my knowledge and should be in the immediate future, IMO. 6. Processing Jack Beans for ( I assume ) extraction of Biochemical Products: Biochemical Products of Jack Beans: Concanavalin A > or Jack bean lectin is one of the oldest lectins whose structure was solved by X-Ray methods. It has a specific ability to bind sugars and is used in many special preparations in biology and biochemistry. In particular, it is used in affinity chromatography columns. Galactosidase > Canavanine > Acetylgucosaminidase > One of the above is used to extract a special enzyme used in kidney dialysis. 7. Wood Chip processing: FASC reported that one machine has been sold for this purpose with the possibility of a large contract for more. They did not define what the end product is. Is it for disposal of mill waste ? Is it for BBQ wood chips ? Is it for the manufacture of home building construction products such as compressed wood products ? Is it maybe for a fuel energy product ? (Dust such as this is highly explosive) 8. Rubber Recycling: > Current Questions 8a. What is the company's target,( product size and market ) regarding rubber processing ? ______________________ 8b. Since the existing process used by the Crumb Rubber Industry can produce crumb to 75 microns, what or where is the demand for smaller size and does FASC foresee being able to produce a smaller grade if the need exists ? 75 microns = .0029475 " ( to get a mental picture of this > if you divide 1/64 th of a inch into 100 units, 75 microns = 18 of these units which is smaller than this dot on your screen ( . ) > looks like dust to me ! ______________________ 8c. If the expectations are to only equal what is already being done, is there reason to believe they can do it cheaper in order to capture a large part of the existing market ? At first glance (IMO), the stock holders are fortunate that this joint venture with the European group (I suspect this is ETRA > European Tire Recycling Assoc.) is being financed by them. If they are able to make some thing of it, so much the better, at least the company is not spending currently needed funds. ______________________ 9. Break down of Metal Mining Ore for economical separation of material:** This possible application was mentioned some where early on but I have not found the reference. ______________________