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

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To: Thomas Jon Swift who wrote (2322)5/26/1998 7:12:00 PM
From: milton schmidtz   of 3967
 
Mr. Swift,

You could very well be correct on your opinion of Mr. Vigliarolo.
When I spoke with Financial Internet Group today, they told me
they hadn't received any notification on what there status was
with Airstar Technolgies. I have to say, I find that rather
peculiar. But, then again, with weak management and the actions
from this Board of Director's, it really shouldn't surprise any
of us. From what I was told, Mr. Lanza is moving forward
with his game plan. Financial Internet Group would not elaborate
on what that plan is and said they were not in a position to speak
on Mr.Lanza's behalf. The only thing they would tell me is it
will be an unpleasant legal battle which could hinder the company
from moving forward at this current time. From what I could gather
Mr. Vigliarolo has put the company in a real liable position by these
latest turn of events. If this is the case, where is his loyalty to
the shareholders and the future of this company?

I also asked about the 10-K & Q. Financial Internet Group had not
been informed of the status of the filings. They said that when
Mr. Vigliarolo walked out with Indian Wells Investments equipment,
he left a great deal of accounting records, legal correspondence,
documents, copies of cancelled checks and registers as well as other
related documents that are pertinent to Airstar Technolgies. The
gentleman I spoke to said Mr. Vigliarolo wasn't to smooth on his
moving expedition and left a paper trail that could damage him. In
addition, I guess where there office is located, there is a food
market across the street and a friend of someone who works at the
offices witnessed the people moving the equipment and paperwork or
documents out of the office Thursday evening and has identified
them and made a statement to the authorities. Where that stands
currently I don't know but it sounded serious to me. So what I could
interpret is there must be something that could implicate
Mr. Vigliarolo on many levels. Have you heard anything today,
Mr. Swift? Did you speak with Financial Internet Group? I tried
to reach Mr. Lanza several times and the only thing I was told was
he was in meetings with several attorneys and was not to be disturbed.
Sounded serious whatever was taking place. I will let you know if I
hear from Mr. Lanza.

Milton
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