I need to make a correction to my last post regarding Westergaard's connection to Premier. I stated that Premier paid Westergaard $30,000 to be a member of Westergaard's "Westergaard Internet Broadcast Network."
What I should have said is Westergaard states subscription to become a member affiliate of WIBN is $30,000 but it may not be paid in cash -- Westergaard happily admits they accept stock also -- they claim to have done this many times in the past for payment of promotion at the Westergaard conferences and will happily accept stock for subscription payment to WIBN.
PLSIA is, according to Westergaard, a paying member affiliate so I assume they have paid $30,000 but I don't really know how or what they paid Westergaard. Could be in cash stock or warrants or options.
It has been confirmed by Westergaard that he would accept stock for membership instead of money. This brings up an interesting issue.
Westergaard's website and "Daily Interpreter" regularly denigrate stock public companies -- look at what they did to Geron in their article titled:
"The `Geron effect' is a result of one of the best hype jobs in biotech history."
I wonder (and very seriously doubt) if any article from Westergaard would ever take this harsh a stance on any "member affiliate" -- (for example Premier Laser Systems), when the "member affiliate according to Westergaard pays $30,000 in cash or stock to be on their promotion service?
Westergaard's entire setup appears to be an attempt to look like an objective source of investment analysis -- by mixing criticism like the Geron article in with the paid promotion of their "member affiliate" companies.
It seems that Westergaard should make it clear to investors and others visiting their site that the member affiliates are paying essentially for promotion.
Without that distinction the entire Westergaard Internet Network has a very fishy smell to it. I can see how investors could easily be miss-led. I will be contacting the NASD, SEC and the Justice Department to get their views on this matter.
Another very curious, and I might add rather "rotten fishy smelling" issue:
~ Premier hires Westergaard for promotion of their company.
~ Premier needs their stock to trade higher to exercise warrants to raise 50ish million bucks.
~ Westergaard attacks Premier's biggest critic <me> who is unearthing problems at Premier.
Gee is this a coincidence? I wonder what the regulatory authorities will think about this?
And yet one more interesting issue:
PLSIA CEO makes announcements concerning number of lasers that will be shipped and number of dentists attending training classes. Later when the real numbers come in the real numbers fall seriously short of the CEO's previously announced projections. The CEO's projections now appear to have been HYPE.
Hmmmm,,, Sounds like shareholdes who bought based on CEO's now apparent hype have a perfect cause for a class action shareholder lawsuit against the CEO and her company.
Premier hired Westergaard who attempted a hatched job on me. My business income and reputation have been damaged as a result. I think it is time I get some answers to some of the tough questions concerning Westergaard and Premier Lasers.
By the way Anne Straton, consider yourself on the list.
Cheers Steve |
