John Westergaard:
On August 20, your publication "The Daily Interpreter" found at URL: westergaard.com on Westegaard Online posted the following:
*****Westergaard Internet Broadcasting Network (WIBN) posts $5,000 reward for information on "Steve Pluvia", the Silicon Investor Registered Pen Name of a person, or persons, circulating disinformation designed to drive down the price of Premier Laser Systems (PLSIA) common shares. WIBN (www.wbn.com) will pay $5,000 to anyone who provides the most complete dossier on "Steve Pluvia". Information should include name, work and home addresses,
co-consipirators, names of hedge funds or other parties on whose behalf "Pluvia" is acting, and any other information relevant to determining the activities and motives of the subject. Dossiers must be submitted to WIBN by noon Wednesday, August 27, via fax 212-947-6643, e-mail to john@westergaard.com, or registered mail to Westergaard Online Systems, Inc., 560 W 43rd Street, NY, NY 10036. Westergaard Online reserves the right to judge the best
dossier, and to make no award if no satisfactory dossier is submitted.
This service is one arm of WIBN which has been designed to continually sweep the Internet to identify parties such as "Steve Pluvia" engaged in circulating rumors, fraudulent or intentionally misleading investment information or analysis for financial gain, competitive advantage or other purposes. WIBN will be formally launched September 4.*****
I stand behind my statements and opinions regarding the company Premier Laser Systems. My statements and opinions are based upon information provided to me by dentists attending Premier Laser's Dental Drill training classes and in documented phone conversations with employees of Premier Laser Systems, including a lengthy conversation with Premier Laser Systems CEO during which I introduced myself using my name, my internet screen name and furthermore indicated I was one of the company's staunchest critics.
My statements regarding PLSIA include:
~ Equipment failures in the Dental Drill laser training classes
~ Slow training class enrollment
~ Details of the company's performance including significant losses for the past few years
~ Questions about management's rationale for purchasing another company -- EyeSys -- that has also lost considerable amounts of money during the past 3 years, and required the issuance of a great deal of stock to EyeSys creditors -- which stock will be available for sale on the public market shortly after the EyeSys deal is complete.
I have never held a long or short position in any of PLSIA's securities nor worked with others who hoped to gain financially as you have suggested, by anything I posted on the internet.
Your "Reward" placed on my head, so to speak, is a clear violation of my privacy, and it is has damaged my business. Furthermore, you have clearly slandered me in your comments which have damaged my reputation with my peers.
I am an internet trading investor and I post my trading portfolio in the AOL shark Tank Stk Investor board. I have a return of approximately 150% since 1/29 of this year on over 80% winning trades. If you do your homework you will find that I almost always do mine, which brings up a very interesting point.
It would appear that Premier Laser Systems pays your company to promote their company. A curious position to be in when you take the action you have with your "Bounty" and slanderous comments against me, the company's toughest cyber critic. Particularly when the company stands to gain millions of dollars through the exercise of their warrants if the stock is promoted with a great deal of hype, resulting in an increase in the stock price.
I demand an immediate retraction of your slanderous statements and the halt of your promoted "$5,000 reward" which is damaging my business and reputation. Furthermore I demand a printed apology to my liking to be posted no later than the close of business tomorrow EST in your "Daily Interpreter" website, on the Motley Fool and Silicon Investor Premier Laser stock boards.
Any failure to comply with these demands will result in my attempt to remedy through every legal channel available.
Cheers Steve |
