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Microcap & Penny Stocks : Airstar Technologies, Inc. (ASTG) -- Ignore unavailable to you. Want to Upgrade?

To: Wes who wrote (1439)	2/4/1998 8:57:00 PM
From: Financial Internet Group	Respond to of 3967

*Response from Joe Lanza* (to 1439) Wes, You are asking questions that are answered by the company's filings. I have a general idea, though, and since you are on the attack, here goes: The conversion rights are spelled out by a Form 10 which is on record with the last year-end statement, as you and the others are aware. I am not sure how much preferred remains and this will be updated by the year-end statement for '97. I personally don't own any preferred. IWIC should own 750,000 preferred Class B. I don't know everyone else's position and it's not my business to. IWIC turned back 700,000 Class B to the company because the board felt that SelecTel was not accurately presented to them and the company paid too much for it. As I detailed in a previous posting on this board, no dividend or interest was ever paid on that stock. IWIC turned back 1.2 million Class B and again, no interest was paid. To this date neither I nor my family has ever been paid any interest on our stock, so the company's saving in interest has largely been on IWIC's account. The number of shares at full dilution has not changed: 20 million. If Xecom can buy the preferred D position then the fully diluted number will be around 16« million. The third quarter report spells out IWIC's contract. Let me be clear, Wes, I am not the company. On March 31st the audited statement is supposed to be out and you can see all the numbers for yourself. You seem to want to imply that something has been, or is, going on with the stock, so for the last time: If buying long on limit order makes a stock go down, then I'm guilty. If losing a lot more money than you and the others because I believe in Xecom makes me the bad guy, then you must be right. But if these things don't make me the bad guy, then look in the other direction.