SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Airstar Technologies, Inc. (ASTG) -- Ignore unavailable to you. Want to Upgrade?


To: Marie Newell who wrote (3723)10/14/1998 4:42:00 PM
From: Summer Wind  Read Replies (1) | Respond to of 3967
 
Jayne
When you say "ALL" Do not include me. I haven't trusted any of you since the first week that I ask for a shareholders meeting a very vvery long time ago, and I am still waiting.
Where were your comments, back when all was well, with the Lanza family? Maybe you should read some of your own threads.
The whole thing here is that I haven/t lost any money, I am holding
free and clear, it's just the fact that a dam bunch of clowns have
chose to run a good company into the ground. I hope all concerned with this one, get their @ss burnt off.
just the opinion of a stockholder waiting for the rope to tighten.
Jack



To: Marie Newell who wrote (3723)10/14/1998 5:40:00 PM
From: Christopher J. Plachta  Read Replies (2) | Respond to of 3967
 

Wes & Guys,

Well it looks like the Vigliarolo Fan Club may lose a few members
with the news that Airstar is now entering into the courts with
its finale of Bankruptcy! Isn't that great guys-----you supported
the management and I hate to break the news to you but:
" I told you so!" So, just remember when you pull those shares
out of your desk drawers-------remember the names you called me,
Joe Lanza and Mario Lanza. We were the crooks, liars, thieves
and all of those other wonderful names you came up with. And Vigliarolo, Grauer and
Casey were the good guys who literally
drained your company of all the money and left you with what?

Although I didn't always agree with Joe Lanza, I do know that he
wanted this company to work for "ALL THE SHAREHOLDERS!"
Furthermore, he would have turned this company around if he had
received your support. When there were companies willing to step
in and take this over, all of you sided with Vigliarolo. When you
were told checks were being written for personal expenses, you
chose not to believe. If you should of believed anyone, it should
of been me! This company could have gone somewhere positive,
but OH NO, why believe Jayne Lanza! I never liked Vigliarolo
from day one, and now all of you know why!! But then again,
why listen to a woman, right? What would she know!!


Do you realize how much of an idiot you sound like? You are making absolutely no sense, just like your husband. Are you implying that there is something we could of done to prevent this? You're a fool.


Unfortunately, you made an
error that may cost you your entire
investment.


Could you explain exactly what that error was? Oh, since we all think you and your husband are fools and crooks...that's why the company went bankrupt? Makes a lot of sense.


Funny thing is, Profit Magazine is still in business and
growing everyday. To bad you didn't invest in that company!!!!!!
It has good management!

Jayne Lanza


Whatever.



To: Marie Newell who wrote (3723)10/15/1998 3:07:00 PM
From: Wes  Read Replies (2) | Respond to of 3967
 
Jayne & All:

Personally, I am going to refrain from commenting on ASTG's Chapter 11 filing or anything else about the company until more information is available. However, I did forward your post to ASTG and received the following from Dal Grauer.

You, and everyone else, can evaluate it's merits or demerits.

Wes
______________________________________________________
Wes,

To answer Jayne's points as they appear:

This filing is not ASTG's "finale," rather it is a move to make it a healthier corporation.

The directors have not drained money from the company. I know that at this point you only have our word for this, but this kind of thing will come out in the court, I would think, and certainly will in the 10K. All the money-draining was done before we left Joe Lanza's office and terminated our relationship with him.

JL did not have a prospect with the money to "step in and turn this company around." Whenever we asked for a proposal, there was never one forthcoming. Andy Proctor finally did get a proposal out of one outfit and he agreed with us that it wasn't viable, mainly because there was no willingness to put up money, which is what this company needed to solve its problems.

Tha accusation that JV and/or any any of us were writing checks for personal expenses is an old one and long since proven false. Again, I think the question of who was draining what will be investigated by the court.

JL knows that this filing will put his bogus claims 'way back on the back burner. We now will not have to spend the lawyer's fees to prosecute our suit against JL—the court will make the settlement decision and Joe knows that it is unlikely to find his claims legitimate. Naturally he is pissed about this. (By the way, this filing puts an automatic stay on all lawsuits, as I'm sure you know.)

As for Profit Magazine being in business and "growing every day," I would love to see some paperwork on this. All the time I was in that office, Joe was subsidising Profit to the extent that it was a major drain on his resources.

I know you've spoken to JV so I assume he's gone into a little detail as to why we've made this move. Bottom line is, it was done to protect ASTG and its shareholders.

As we learn things, like time-frames, etc., we'll publish them. We are also preparing an in-depth statement about the Chapter 11—what led up to it, what's likely to happen, etc.

Sorry I haven't answered your e-mail sooner. As you can imagine, we've been really busy, both inside and outside the office.

Thanks,

Dal