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Microcap & Penny Stocks : Airstar Technologies, Inc. (ASTG)

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To: Wes who wrote (643)5/14/1997 1:55:00 PM
From: Joseph Lanza   of 3967
 
Wes, we have 12 new bases to start. Xecom has completed 34. I would like to see Xecom add 40 new bases. If that happened, there would be a large increase in depreciation and interest expense and there would be a delay of signing new people on the new bases. That is what I meant by the sign up rate. Last month was around 4000 and I think the rate is at the same pace. I can't answer the other question at this time. Keep in mind, 34,000 is a $1M in revenue and about $750,000 spendable cash. That is the magic number to my knowledge. So, why is the stock being pounded? The shorts increase every week. Why don't the shareholders take delivery? Everybody wants the stock to go higher, right? So why won't they simply take physical delivery? Xecom is growing, the stock price is dropping; does that make sense? I don't think so. By the way, I have had three calls inquiring whether I would be willing to sell my position. Thanks but no thanks.
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