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

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To: NCKEV who wrote (233)11/8/1996 11:38:00 AM
From: Christopher J. Plachta   of 3967
 
Has anyone else received a call from Jim Grant of "The Financial Internet Group?" He claims that they were hired by Xecom for investor relations. He is calling all Xecom shareholders and asking them to get their shares delivered so the market makers can stop using them to short sell. I don't know much about short selling, but he claims that if you don't physically have your shares then they can be used by shorters. I also spoke with a guy named Jim Bradlee (also from the Financial Internet Group) for a while about the financial situation for Xecom. He claims that Sprint says there are currently 11,000 lines in service and they project to have 20,000 - 25,000 by the end of the year due to increased marketing and sales activities. He also claims that Xecom will make an average of $35/month for each line in service. Bottom line, he says that we can expect positive earnings for the next quarter and projects great earnings for 1997.

These guys were hired by Xecom and given 400,000 shares of stock for their services, so they obviously have a vested interest in the stock doing well. Although I think this whole situation is really weird and very shady, I can't help but be encouraged about the projected income numbers. I'd like to think that these guys aren't just calling people and lying to them.

What do you folks make of this? Personally, I would feel a little vulnerable if I had my shares at home. What if Lanza decides to dump 1,000,000 shares once all of the shareholders have gotten there shares delivered? I don't know what the hell is going on.....

If anybody wants to contact these guys at the Financial Internet Group, their number is 1-888-770-7133. You'll all probably be hearing from them soon anyway.

Chris
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