To: Financial Internet Group who wrote (2539 ) 5/31/1998 5:49:00 PM From: Dan L. Read Replies (1) | Respond to of 3967
Financial Internet Group, I think it is admirable that you are working on Saturday and communicating with the shareholders. They deserve some sort of communication in regards to the mess the management has created. I will disagree with your opinion that Joe Vigliarolo is not to blame for this situation. He is in the role of the President to Airstar Technologies. If the man is so weak that he has to be influenced by his wife and legal counsel, then he should consider a line of work that he is able to handle. If anyone would look at the track-record of this company, how the President has handled its business affairs, you more or less have had one screw-up after another. Look at the law suits Airstar Tech has had. Not only that, the group who is considering an acquisition of this company has checked the credit back-ground of Airstar Technologies. We learned that Joe Vigliarolo has been careless in the handling of the company's accounts payables, in addition, the company has numerous creditors and collections after them. It shouldn't be a surprise to anyone that Joe Vigliarolo hasn't filed Airstar's 10-K, he has a difficult time paying the company's bills. No matter how you look at it, Airstar Technologies has been under the operation by a group of unsophisticated individuals who have no business running this company. There is potential for this company to do well if it is managed correctly by individuals who have the expertise and ability. Without that, they have nothing to offer. ASTG's market is pathetic. What interest is there in the stock? No one should by this company's stock with this Board of Directors, unless you wanted a great stock to short. As far as Financial Internet Group and Joe Lanza remaining with the company? It is wise that you agree it would be best for all concerned to step aside. This company is in desperate need of new management to move this company in a positive direction before it finds itself in bankruptcy court. Dan Laromata