Airstar Technologies, Inc. (ASTG) Message Board

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

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To: Joseph Lanza who wrote (417)	2/27/1997 12:20:00 PM
From: uu	of 3967

Joseph: Well Joe, I hear that appears that you recently converted over a million shares to the preferred shares of xecm. So if according to you the company has about 10 million outstanding shares then you already own 10% of the company!! Is this TRUE?!!!!!!!!! And also I hear that you own some sort of financial group which promotes XECM and maesa gaming both of which own shares in one another. In fact if I am not mistaking your family owns the 'profit' magazine which heavily promotes both XECM and maesa gaming and both companies apparently may have long contracts with that magazine for promotial ideas. Not that anything is wrong with that, but it is just interesting! Anyway, as a promoter of xecm I still do not understand how come you never make any of the numbers I asked public such as P/E, and P/S. Surely you must know XECM in and out and you should know what their projected 1997, and 1998 earnings and revenues are supposed to be. It is based on the earnings that the stock goes up and not hype or magic! So if you really belive in the company lets see what P/E and P/S are and then we use the balance sheet and see if the current 70 cents/shr justifies the price for XECM shares. And if you dont happen to know what P/E and P/S are: P/E is Price to earning ratio. What you do is you take the estimated total NET earnings of the company for 1997 and then divide that by the total number of outstanding shares. Then you take the current price of the stock and divide that by the result of the net per share. The lower the P/E the better it is. P/S is the price divided by the total sales per share of the projected 1997 sales. The lower the P/S the better it is. And then we take the growth rate in the terms of sales and revenue and if that growth rate is greater than that of the P/E and P/S then the price of the stock can be viewed as undervalued, and/or fairly valued. And of course we have to consider the growth of the industry XECM is in and all its compettitors which also you need to point out. You just can not go out and promote a stock because 'trust me, it is a great stock!'. This is more like selling a used car! So if you can be factual about the numbers and also tell us where you get all your numbers from so we can verify we can then logically and like intelligent people discuss and see if XECM is the next Microsoft of the Nasdaq market. But no hype jibe please. Regards, - Addi Jamshidi

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