NOTICE OF CAUSE FOR THE INITIATION OF AN SEC INVESTIGATION
Dear Current and Former Premier Laser Equity Security Shareholders,
I am not an attorney. But it seems clear to me that we may have cause to request a formal investigation by the Security and Exchange Commission into claims made by and regarding Premier Laser.
Starting on or about July 28, 1997, an individual who goes by the alias of "Steve Pluvia" repeatedly published messages in at least two public electronic forums (The Silicon Investor and the Motley Fool) that claimed that Premier Laser had shipped NO lasers to customers as of that date. Mr. "Pluvia" claimed he received this information from a Premier Laser employee; in particular, a member of Premier's "sales staff".
Yet, according to the recent 10-Q filed by Premier Laser for the quarter ended June 30, 1997, NINE lasers were indeed shipped to customers during the quarter.
It would appear that the two statements referenced above are mutually exclusive. Therefore, it would appear that one of the parties referenced above ("Steve Pluvia" or Premier Laser) has publicly published information that is factually incorrect, and in doing so, may have harmed the shareholders of Premier Laser equity securities (common stock, warrants, units.)
I plan to contact the SEC Enforcement Division first thing Tuesday morning to inform them of the discrepancy referenced above. I urge all of you to do the same . The telephone number for the Sec's Enforcement Internet Fraud Hotline is:(202) 942-4647.
Please go to sec.gov for a complete explanation of the SEC's role. You will also find instructions for filing a written complaint.
BTW, here is an excerpt from the site:
<<f you believe that you have been defrauded by a broker-dealer, an investment adviser or any other person or entity (in which a security is involved), we want to know about it, especially if it relates to the Internet. When appropriate, the SEC can seek disgorgement" as a remedy in certain situations, as, for example, when a scam artist has defrauded investors in a securities-related scheme. An order for disgorgement would mandate that the swindler attempt to return all or part of the money taken
from victims.
Also, if you believe that any person or entity may have violated or is currently violating any of the federal securities laws, we want to know about it. Our mission is to enforce the securities laws that seek to protect investors and ensure that the securities markets are fair and honest. By telling us about any violations of the federal securities laws occurring over the Internet or anywhere else, your assistance might prevent a future victim from losing his or her life savings. >>
Thank you.
Louis Riley |
