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


To: Financial Internet Group who wrote (3006)6/19/1998 3:00:00 PM
From: Thomas Jon Swift  Read Replies (3) | Respond to of 3967
 
An open letter to Any Proctor:

Business is business. Understood. But please do whatever you can to make sure Lanza pays as high a price as possible for every share he buys. Remember, the big shot "consultant" was conning us into XECOM at $2.50/share and dumping his private stash. Sincerely, TJS



To: Financial Internet Group who wrote (3006)6/19/1998 5:59:00 PM
From: Auditor  Respond to of 3967
 
lanza

yeah, o.k. i won't post anymore...i would say that the derelicts
here are not worth it.

fyi, dc was boasting now that the escrow funds have been freed up
he has bought himself another ninety days. ya gotta wonder what
dc & cling are up to. with $501,357.00 deposited into Nations Bank
someone is going to be living well this month, it sure won't be
the shareholders now will it?

i'll keep compiling the data and send it on to you. i gotta tell
you lanza that when you look at the reports it makes you wonder
where in the hell is the money really going? who is getting rich.

i'm amazed you shareholders sit there and blast jl when he was never
in real contact with the dallas office. you sit there and
believe all the dialogue v. spits out to you and yet you never ask
him concrete questions about the operating expenses of astg.
instead, you sit there and accuse lanza of being a crook because
of bullshit astg liars give you. do you guys understand
the fundamentals of this company's business? i have asked the
person who is in the dallas office to give you a outline of what
you guys should be demanding to see. i think it is really fowl
that you paint lanza the crook when you lack hard facts of what
is going on and who is writing the checks to who. if you saw where
the money is distributed-you would puke.

rattle snake

outline prepared from the dallas office:

if i was a shareholder of this company, i'd request from
joe v. that a report be compiled that explains the structure of one
of the operating bases. the report should consist of location,
the population of the base, how many buildings and rooms the
base has. it should also include a capital budget, cost and revenue
assumptions. this will include the basic assumptions such as
number of active stations, number of t-1's, voice mail ports,
% of trunk lines and turnover and various ports. in addition you
will have information on capital expenditures, revenue assumptions and
cost assumptions. you need to have a ssi draw status report and a
trunking report. this will show you the installation of how many
switches are installed at the base-the type of switch installed.
ask for a trouble report that will show you all the base trouble
tickets for each base. it will include all major/minor problems
and the description of the problem. make sure you are furnished
with a sign up sheet which shows the detailed contracts that are
signed/disconnects/active accounts in pinnacle/date dial tone
turned up and previous contracts/disconnects and number of switches
at the bases. i would also request to see a statement of revenue
and expenses for the bases. you will be able to see the long
distance revenue, one plus commissions, 800 access commissions,
dial tone fees,installation income. aafees fees, line charges,
salaries and maintenance fees. more importantly and you as a
shareholder should question and demand verification on all operating
expenses and salary expenditures.

this company has great ability to achieve success, but it is being
abused by management. before you make accusations, that i would say
are false, it would behoove you to confirm the legitimacy of those
statements. joe lanza was not involved in the operation of ssi
and very seldom visited the dallas headquarters. when he was there,
it was for a short duration. is analysis of the operation was
limited as joe v. and dennis casy are proficient in this area.
what i have witnessed the past six months with this company the
shareholders are being double-crossed by the dennis casey, joe v.,
dan cling and a select few at sprint. it is certainly up to you
if you want it to continue but sitting at your computers indolent
will not resolve this situation.

cryptic mortal