Airstar Technologies, Inc. (ASTG) Message Board

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

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To: David Goldstein who wrote (84)	8/21/1996 7:13:00 PM
From: baystock	of 3967

Dave, Thanks for posting that news release. It seems to me like a bit of good news for the following reasons: 1) Selectel is a drain on Xecom's financial and management resources and is now gone. I see nothing of significance that Selectel is contributing in terms of revenues. 2) It adds $1.5 million which is needed to proceed with the installation of the phone lines on the military bases The bad news is that Xecom needs $10 million total of additional financing to complete the military installations and they now seem to have gotten only $1.5 million of this. But this is a start and will buy some time. I have a question for anybody on the following exerpt "With the sale of SelecTel, the company's balance sheet vastly improves, which will qualify the Company to be a non-designated security". Firstly how does $1.5 million "vastly" improve the balance sheet ? What's the relevance of qualifying to be a "non-designated security" ? Any other feedback on the new release anyone ? Ram

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