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Biotech / Medical : Pluvia vs. Westergaard
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To: Bill Ulrich who wrote (1227)11/25/1997 9:10:00 PM
From: Ken Merwin  Read Replies (1) of 1267
 
MrB: Heeeesssss baaaacccckkkkkk

I just copied this over from Mr. Westergaard's daily e-mail digest that I get mainly for the Y2K stuff.

O Editor John Westergaard Reporting

* It's All About Disclosure, Anaxie!!!

Tuesday November25th: "Anaxie" responded yesterday to my "Hype vs
Vision" piece by renewing the debate over Pluvia. Readers will recall
that Westergaard Online offered a reward for information leading to
the identification of a person posting twisted information about
Premier Laser Systems (PLSIA 9 5/8 Nsdq) on Silicon Investor under the
pen name "Pluvia".

Anaxie states: "Westergaard judged that the best way to react to the
critical comments of a private individual was by intimidation; he
failed in that case.".

My Good Sir, Anaxie: It seems to me that our unveiling of the true
identity of "Pluvia" was hardly failing in our objective which was to
determine who he was and what were his motives.

As it turned out, we established that he was not posting on Silicon
Investor for purposes of advancing the investment dialoque re PLSIA,
but was in fact a stalking horse for a competitor and that he had a
direct interest in seeing PLSIA fail and its products be discredited
because he owns a portfolio of the other company's systems for teeth
whitening which he rents or leases to dentists.

Not only did he discredit PLSIA's comparable systems at Silicon
Investor but I am told he also called dentists telling them that if
they bought the PLSIA equipment they could be sued for patent
infringement.

Pluvia was perpetrating a fraud on the membership of Silicon Investor.
He was presenting himself as an investor representing short sellers
(this is what he told PLSIA management) when in fact he was
representing the interests of a competitor to PLSIA in the manufacture
of laser systems.

By unveiling Pluvia's true identity following posting of a $5,000
reward for information leading to his identity, we brought this fraud
to light as a result of which Pluvia was issued a "cease and desist"
letter. He hasn't been heard from since re PLSIA.

The matter of Pluvia vs Westergaard is about disclosure. I have no
problem with persons posting negative information and if they choose
to do so anonymously, it wouldn't be my style but it's accepted on the
Internet. Where I take issue is the use of an investment medium such
as Silicon Investor -- which I think is a great service, by the way --
to pursue a scurrilous business agenda such as did Pluvia by defaming
PLSIA and failing to disclose his true interest to the membership of
Silicon Investor.

Perhaps we need a contest to report any and all "Pluvia sightings", much like the "Elvis" sightings.

I'll start - I saw "Pluvia" on this past Sunday's Fox network coverage of our awesome Green Bay Packers vs. Dallas Cowboys football game. He was disguised as "Towel Man" and was noticeable for his whitened teeth.

Regards, Ken Merwin
Wisconsin
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