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

To: jmt who wrote (533)	10/8/1998 1:34:00 PM
From: Coho	Read Replies (1) \| Respond to of 972

Jim, Cautiously back. Concerned that the technology would be sold off to settle debt I sat on the sidelines for some time. My comments should be read in context to my investment plan which is “buy bargains and take a profit. I'll wait until the company makes some formal announcements before I buy LONG.” Good luck to all the loyal shareholders on the thread who have waited so patiently in the dark. After talking to other shareholders etc. it seems the company is resolved to press on and have apparently advanced their business by placing a machine in Seattle. I thought this happened several months ago but now I've been told a FASC machine will be on-line this Tuesday processing sewage sludge for the purpose of monitoring for EPA approval. The Excellent test results from Chilliwack Canada are not applicable for EPA as the test must be done in the states. This should take between 3 to 6 months. Best of all the government is underwriting all the costs!! Other interesting rumors that are still persisting is a Joint Venture agreement and an offer to sell the rights for certain FASC applications. The people I talked to believe the company has moved considerable in both endeavors. Most interesting is a follow-up to the sale of a FASC machine to process wood chips, see June's release on the FASC webpage. From what I heard this event was extremely understated as the buyer is very high profile and the FASC use involves contamination. This application has huge repercussions. Very perplexing company, but it seems the technology won't be denied.