Dan:
I think Joe Lanza will ultimately come to the conclusion that the events taking place are best for everyone, including him.
It has been clear for a long time that Airstar has outgrown him. JL's is not the type to engage in day to day direction of this kind of a company. His promotional style is counter productive for Airstar. I believe he has really known this for a long time but, like many founders, finds it difficult to disengage himself. He looks upon Airstar as his baby, but the baby has grown up and doesn't need him anymore.
Even if JL loses the promotional and consulting agreements, he is still a large shareholder and will benefit thereby as the company continues to grow. I believe many opportunities are available for this company in terms of improving it's capital position, settlement of disputes, and in company relations generally, if JL will just settle back in the position of an interested shareholder and let the company get on with IT.
Joe, I may have expressed some of this in an angry way in the past. But now, in your best interest and all the shareholders best interest, make an arrangement with the company. On an amicable basis, fully disengage yourself and, like the rest of the shareholders, watch the baby continue to grow up. You know, like a proud father.
Wes |
