Re: 6/26/00 - [COII] Letter to Shareholders and Request for Retraction from Pluvia Securities Research
Letter to Shareholders
June 26, 2000
Dear shareholders:
As you are aware, CTI has recently come under attack by individuals posting on the Internet using assumed names to try to discredit the company, our management and technology. They have made false and misleading statements that I believe are designed to shake shareholder confidence and cause the stock price to drop.
As a company, we stand by our products, management personnel and support team. We have made full and open disclosure to investors and appropriate regulatory agencies. I welcome any review by reputable firms or agencies because it will ultimately serve the purpose of vindicating the company and seeing that all available legal remedies are exercised.
CTI legal counsel has sent the following letter to the source of the false and misleading statements. In addition, we have launched an aggressive investigation into this matter and have made significant headway in identifying not only the instigator but all the individuals involved so that appropriate legal action can be taken. It is interesting to note that the exposure of those involved with recent email virus has demonstrated that the Internet does not offer the anonymity that some believe.
CTI remains committed to our business plan, building and protecting shareholder value and protecting our reputation and that of those associated with us.
Sincerely,
David Packer, President
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Request for retraction
June 26, 2000
Pluvia Securities Research
Steve Pluvia
Dear Mr. Pluvia:
The law firm of Haney Woloson & Mullins in Las Vegas, Nevada represents Computerized Thermal Imaging, Inc. (“CTI”). CTI asked us to communicate with you regarding the “STRONG SELL Recommendation” you posted on the Internet on June 22, 2000. Consider this letter a demand that you print a full and immediate retraction to the above referenced posting.
The statements in your posting were made without reference to any credible sources or authority, and, more importantly, without any input from CTI or any individual connected with CTI. For example, you use the phrase “we have found no evidence . . . “ several times in your posting without citing to any research performed by you or any member of “Pluvia Securities Research” to arrive at the various “opinions” set forth in your posting. As a result, your posting does not provide current or potential investors with useful information, but rather cites to exerpts from press releases and newspaper articles, as well as other public documents, and asserts untrue, incomplete, and/or vague statements designed to unduly influence CTI’s current (and potential) investors.
Your statements constitute defamation of CTI, as well as its officers and directors. Your statements are false and misleading, and were deliberately posted for viewing by a potentially unlimited number of investors. Your statements are based upon completely unknown parameters, as you have not cited the sources for any of your claims. Finally, your statements have caused actual and continuing harm to CTI, resulting in damages for which you could be potentially liable. This letter will put you on notice that, while CTI is attempting to mitigate its damages, CTI will ultimately look to you for compensation for those damages, including, but not limited to, punitive damages.
If you do not print a full and immediate retraction, CTI will utilize all legal remedies available to it. Similarly, CTI intends to hold you responsible for all continuing and future damages caused by any ongoing or supplemental publication of the defamatory material. Time is therefore of the essence in obtaining your retraction and/or withdrawal of the defamatory material.
Sincerely,
HANEY WOLOSON & MULLINS
Thomas W. Davis, II, Esq.
Stefanie Shields, Esq.
301 East Clark Avenue, Suite 700
Las Vegas, Nevada 89101
(702) 474-7557
(702) 474-7009
Contact: Dee Rose (801) 926-1113
Copyright © 2000, Computerized Thermal Imaging, Inc. All rights reserved.
cti-net.com
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Pluvia's "STRONG SELL Recommendation" can be viewed at:
Message 13924240 |
