To: Thomas Jon Swift who wrote (2322 ) 5/26/1998 7:12:00 PM From: milton schmidtz Respond to 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