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Microcap & Penny Stocks : Airstar Technologies, Inc. (ASTG)
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To: Financial Internet Group who wrote (1437)2/3/1998 6:28:00 PM
From: Wes  Read Replies (1) of 3967
 
Joe:

Indeed saclac asked a good question. You still have not fully answered it. Perhaps you need more specific questions so:

What are/were the conversion rights of the preferred? How many shares of common was each share of preferred entitled to? How many shares of preferred remain? Do you own them or part of them? If so, what number of preferred do you own? Are the preferred shares remaining immediately convertible to common and what number of common shares are they entitled to? Are any of the former preferred shareholders now the owners of 5% or more of the stock?

When you converted your preferred did you give up your 10% dividend or did you then have Xecom enter into a separate contractual obliagation to continue to pay for your "consultation" fees in the same amount as the preferred dividend had been? In other words, what did Xecom save by the conversion?

When all preferred are converted what number of common shares will have been issued?

Wes
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