Pluvia vs. Westergaard Message Board

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Biotech / Medical : Pluvia vs. Westergaard

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To: JEFF CHAPMAN who wrote (166)	8/23/1997 5:33:00 PM
From: Pluvia	of 1267

Wow Jeff, Nice work on that research!! This from Westergaard June 3rd 1996: snip Westergaard Online projects revenues of $7mm for FYDec96, up from $300,000, and going to $34mm in '97 with EPS going from a loss to $0.40 this year to $2.00 next year and $50mm and $3.00 in '98. We view this stock as a "must own" Idea of the Week. *snip* WOW,,, "Must Own"? he recommended it at 6 5/8 now it's bid at 3 1/2 with very little liquidity. This Company peaked in June 96 when he rec'd it and has been going down hill ever since. So much for the stock -- how about Westergaard's 97 revenue/profit projections? So far the company has earned .25 on 5.7 mill in revenue for the first 6 mo. of 97. While that is pretty good for a stock priced at 3 1/2 -- its a FAR cry from Westergaard's projections of 34 million in 97 revenue and $2.00 in earnings. I wonder how many investors took Westergaard's advice here and got burned? I also wonder if Westergaard was paid in cash or stock to promote this company? I think if I were an investor who bought this stock on this recommendation I would want to know BEFORE I heeded his advice, if he had been paid promote this company. Cheers Steve

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