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


To: Coho who wrote (672)2/24/1999 7:13:00 PM
From: Qone0  Respond to of 972
 
That is interesting. The stock was all over the board today on low volume. Wide spread. Almost like the MM's were gapped around a large limit buy order trying to make the buyer chase the ask price.

Just thinking out loud.



To: Coho who wrote (672)2/25/1999 7:12:00 AM
From: DR.  Respond to of 972
 
Have you heard why he was buying? I agree with you on not selling based on what you say but do you have any details, please. I have held this stock for a while now and could take some profit but would like to stick with it as from what I know of the company they certainly could fly!
I would like to know more though.

Thanks.



To: Coho who wrote (672)2/25/1999 8:20:00 AM
From: jmt  Read Replies (1) | Respond to of 972
 
Don:

Thanks for the update. Even though this volume does not constitute a large financial committment, its nice to get off the bottom.

I do believe the Radiant award went a long way in validating the technology. Retrofitting with cooling devices and testing will take a few months before the process can start generating revenue, but the market and potential revenue is large if the process works.

Revenue from rubber and leasing of Bakersfield would go a long way in providing funds for refining the sludge process and paying off the technology debts.

IMO I don't expect a large run up from here but nor do I expect a large decline.

Still just over 50M shares out.

If the company can license the technology and generate royalties it would provide a steady cash flow from operations.

jmt