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