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

To: Wes who wrote (2490)	5/30/1998 7:47:00 PM
From: Dan L.	Read Replies (2) \| Respond to of 3967

Wes, I have been watching the comments that have been posted the last several days. It is apparent that you are not looking at this entire situation rationally. Joe Vigliarolo will not succeed in his attempt to control this company. Not only does he lack the ability it takes to achieve what he has set out to do, he doesn't have the power. There is no management in Airstar Technologies. Had their been, this situation would never have arisen . And the management that is currently in place will be terminated quickly. The deal that was on the table for Airstar Technologies was beneficial. It could of been consummated if certain individuals had not interfered. Unfortunately, that didn't take place. Whether you want to hear about it or not, Joe Lanza is correct on what took place. He is also correct on the fact that Joe Vigliarolo was determined to have the acquisition fail. With the resistance that was being exhibited by the executives of Airstar Technologies, it was in the best interest for Company "X" (the referenced name being used on this thread) to walk away at that time. Would it have been beneficial for Company X and Airstar Technologies to have gone through with the deal? Yes, in my opinion it would have. Company X has the ability to develop and expand Airstar to its potential. They have the management that is needed to run the company. It is my opinion that Company X would have terminated the existing management of Airstar, and brought in their own management. The current Board of Director's of Airstar can't offer anything that Company X doesn't already have. Their Board lacks expertise. This has only been demonstrated repeatedly based upon their skill to manage their daily operations. Joe Vigliarolo had a fiduciary responsibility to the shareholders of this company. He has violated that responsibility and will not be able to retract his actions. If Mr. Vigliarolo had anticipated a shake-up with their Consultant and Investor Relations, they should have notified the shareholders immediately. A new firm should have been in place and in contact with the shareholders informing them of the developments, answering questions and assure them that the company was sound and moving forward. To let time lapse and to post a message on a chat room only demonstrates again their lack of ability to operate a company in an efficient manner. Just the fact that they have let the concerns of the shareholders escalate to the level it has should only confirm my opinions. Basically, you are dealing with amateurs who never should have accepted the positions they hold or been elected in the first place. Once again, I will draw attention to the business practices of Airstar Technologies. This is one of the only public companies that I am aware of that has not been able to produce an Annual Report. Any company President or Board of Directors knows that the shareholders expect to receive the report and it is common practice to produce one annually. Furthermore, for Joe Vigliarolo to allow the 10-K to be so delinquent and not give the shareholders true reasons exposes his incompetency. For him to continually voice excuses only confirms such irresponsible actions that are not acceptable. Based upon his lack of ability to perform as a competent President, I am certain that his tenure as President will be forthcoming. Mr. Vigliarolo will not be able to withstand the power of the group who want him removed. Keeping that in mind, he will be terminated by majority vote. There are individuals involved who are moving forward with appropriate action. Joe Vigliarolo and the current Board will not be able to prevail. Dan Laromata