NOTICE OF CAUSE FOR THE INITIATION OF A SHAREHOLDER'S CLASS ACTION LAWSUIT.
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 initiate a class action lawsuit.
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 have too many demands on my time to spearhead an inquiry into the feasibility of initiating such a lawsuit. But I would like to make all of you aware that such action may indeed be feasible and warranted. I imagine most current and former Premier Laser equity security shareholders would be grateful if someone were to make an effort to study our options.
Thank you.
Louis Riley |
