Mr. Wes,
Does this kind of petty nonsense always surface on this board? It
is shocking that this would be written on a daily basis. When I
invested in this company, I was impressed with the concept and the
potential the telecommunications industry had seen in respect to
the technology. With this, you have seen telecommunications companies
advance greatly in the stock market. Unfortunately, this company
has had problems with weak management. With all do respect to
Mr. Vigliarolo, he is very young and has not had the experience
or the knowledge to run this company properly. The Board is weak
and doesn't have the expertise it really should have.
When I see comments made towards Financial Internet Group, one must
remember that they are only hired to do Investor Relations, period.
Financial Internet has not been asked to operate this company nor have
any say in management. They are only hired to converse with the
shareholders and brokerage community. Why must derogatory comments
be made at this group of individuals when they are not involved in
management? As to Mr. Lanza, I think he has a point to make. If
he has advanced this company money like he has claimed, why should
he be treated differently? If you Mr. Wes loaned a company to expand
in its industry, would you not want your notes paid? I certainly
would. If the company can no longer afford to pay Mr. Lanza his
consulting fee, the company should sit down with Mr. Lanza and work
this situation out in a respectable manner. A company no matter
who it is, will not benefit in any way if there is a power struggle.
The shareholders will lose as will the management. The company will
not be able to advance because it will be tangled in legal fights
and business will slide with managements attention in the
opposite direction.
Comments were made by you that Mr. Lanza has had SEC problems in his
career. He has disclosed his record to me when we have had
conversations in the past. Once again, for a company to take this
complete turn-around towards Mr. Lanza is questionable. This action
should be looked into. Mr. Wes, isn't it true Mr. Vigliarolo was
interviewed for this position on the introduction of Mr. Lanza? It
was conveyed to me that Mr. Vigliarolo had been with a company that
was going out of business and was seeking new employment. I believe
he relocated to the West Coast along with his family when he became
President of Airstar Technologies. When I read about Mr. Vigliarolo's
background, it would be interesting to see if Mr. Vigliarolo has had
a salary increase or any other compensation that the shareholders have
not been aware of. Mr. Lanza has told me that his company, Indian
Wells Investment Corp. has a contract that they are to receive
$30,000.00 per month plus expenses which have to be approved by
Mr. Vigliarolo. Ten thousand of the Thirty Thousand Dollars is
allocated to Financial Internet Group to cover their over-head
expenses and payroll. The remaining Twenty Thousand Dollars covers
the employment staff of Indian Wells Investment. Does any of the
shareholders realize that Airstar Technologies has benefited by
using the employment staff of Indian Wells Investment Corp. as an
extra benefit? This should be noted. Before any accusations are
made, we the shareholders should look into this sudden turn of events.
There are questions that need answers to.
Sincerely,
Dr. Milton Schmidtz |
