TJS.
Your correct this company doesn't need another lawsuit. Unfortunately, you better prepare, your going to several lawsuits filed in the next few days. I have just learned that not only a lawsuit by several shareholders, but my sources have just informed me several others are meeting with the D.A. today and filing the necessary lawsuits against current management. This could blow the company right out of the water!
Proctor is going to HOPE he can unload. He already sold stock and needed delivery of free trading shares. What he was holding from what I understand was restricted. Now he has free trading paper and he'll continue to feed the market till the paper is gone. Proctor has regretted for a very long time that he got involved. He wants out as fast as that paper can be sold. He's going to unload and he won't stop until his paper is gone. Believe me, he isn't going to do any kind of deal with Vigliarolo. Why would he stay around with a guy who can't even get a 10-K filed on time? Why would he stay around with a guy who is going to be feeling the heat. He doesn't want the Feds looking at him. And you can bet he doesn't want to be tangled in lawsuits by shareholders and God knows who else, you know that. I know that and so should everyone else. This company isn't going anywhere with this group of BOZOS.
Have you ever met these guys? If not, there a bunch of guys who have no experience at running a company. None of them do. The only guy who has any talent is Dennis Casey. And he wants to buy the assets and not have anything to do this group of idiots! Casey has done a lot of good for the company. He has the expertise to take it forward. But he wants his own private deal and not have to contend with all this mess that exists with Airstar. I'm not trying to be rude or insulting but, please, please please, don't be a fool Swift if you think Joe Vigliarolo is going to take this company in a "New Direction." He is going to wait for Dennis Casey to buy the assets of Select Switch. Then he is going to have a public shell with a great deal of cash. Next, he is going to give you, THE SHAREHOLDERS the illusion that your going to get a higher price for the shares you hold. WAKE UP, your never going to see it! He is going to turn around and spend that cash has he wishes and all of you are going to have is a shell that is EMPTY!!!! He is nothing more than a fasting talking idiot who is going to steer you down the path. As far as Dennis Casey is concerned, he is going to hold his breath now and hope he can put his financing together as quickly as possible before hell breaks loose. You can bet that he will get that cash to the table as fast as possible so he can take Select Switch and RUN! Believe me, he wants away from this mess as quickly as possible. Not to mention the distance from this current management. You are going to see nothing but the heat turned up on this group! You better hope something positive develops for ASTG soon, from an outside group. We'll see if something for the good of Airstar can develop in the next few days. If the outside force can't put it together, I'm afraid you will be reading about Airstar in the papers and I promise you it won't be good. |