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


To: uu who wrote (2267)5/23/1998 2:47:00 AM
From: Thomas Jon Swift  Read Replies (1) | Respond to of 3967
 
All,

The more I think about it, the angrier I get. Where the hell is the 10-K and 10-Q? I mean WHERE THE HELL IS THE 10-K AND 10-Q? Who the hell is responsible for it being over a month late? The same damned people who just fired Joe Lanza, that's who. And what is management trying to hide? Maybe that the value of this company is a lot greater than we are led to believe. Why is Joe Vigliarolo hell bent on dumping Select Switch, as it seems he is? And at the same time, why is Dennis Casey so anxious to buy it? Something stinks something awful. Joe Lanza may have made an enemy or two over the years, but it seems to me that RIGHT NOW it's Mr. Vigliarolo who has the explaining to do. He should do it real soon. TJS



To: uu who wrote (2267)5/23/1998 3:10:00 AM
From: Wes  Read Replies (1) | Respond to of 3967
 
Addi:

I am stumbling along reading tea leaves too. So just remember whatever I say now may be overtaken by events a few minutes from now.

I think Joe Vigliarolo, Dal, Cliff Casey and Dennis Casey have had it up to here with Joe Lanza and have pulled up stakes and left FIG. I am sure you are aware that Airstar's offices and FIG's were basically one and the same. Airstar has sent a communication to FIG essentially refusing to honor the Consulting Agreements. In other words, they put a stop payment on the checks. They also took the records with them. JL says it was done last night. I think the phrase is a Palace Revolt took place.

I expect JV, et al. will now contact Andy Proctor for help, or they should. I am sure they have legal counsel now and, at some point, will seek shareholder ratification of their control.

I don't think Joe Lanza has enough stock to control the Board of Directors. He will try and get enough common stock (he needs 15%) to call a Shareholders Meeting to try and gain control. I don't know how much stock that JV and the directors control, but I can't believe they went this far without having the votes.

So, where do we go from here? I expect Joe Lanza is burning up the phone lines trying gain as much support as he can. I hope that Joe Vigliarolo gets online, or whatever, and shows that he is in control of the situation. Many of the comments I referred to in my prior posts of his speaking are taking on a new meaning with this current state of affairs. I hope he does just what he said he was going to do and go "on the air" to explain just what is happening.

The Plot will thicken I am sure. Hell this might become a new series, something along the lines of "DALLAS." Well, that might be too big. Let's say "RANCHO MIRAGE AFTER DARK."

Wes