ztect,
Perhaps you are familiar with the FONIX case:
Subj: Public apology to fonix
Date: 96-10-23 23:49:31 EST
From: WillyTRa
My Name is Trent Ridd. I have previously used the handle/pseudonym "WillyTRa" to make postings concerning fonix corporation and Roger Dudley. I am a registered financial consultant with a national brokerage firm.
As a result of my prior posting regarding fonix Corporation and Roger Dudley, CFO of fonix, I was sued by them for slander. Statements I made, causing them to sue me, were wrong. I recognize my mistakes and want to settle the claims that fonix Corporation and Mr. Dudley have asserted against me. The obvious first step toward doing that is to admit I was wring and to make a formal and complete apology to fonix Corporation and Mr. Dudley. Further, I have agreed not to make further postings about fonix Corporation. If I violate that agreement, I will be subject to further penalties.
To fonix Corporation, Roger Dudley and all others I have offended with my past posts, I sincerely apologize. To Mr. Dudley, I owe a special apology. My statements and implications regarding him and fonix were wrong and totally inappropriate. My statements cast him and other officers and directors of fonix in a misleading light -- a result I deeply regret. While I never intended to harm anyone, including fonix Corporation and Mr. Dudley, I was wrong to comment in such a misleading, antagonistic and aggressive manner without having all of the facts, which I did not have. I have never held any position of fonix stock, long or short, and in no way intended to benefit financially by my postings.
My postings may have also violated certain of my firm's policies and I recognize that my actions may cause embarrassment to my firm. For that I also apologize to my firm
I genuinely regret my actions. Please accept my sincere apologies.
WillyTRa/Trent Ridd
SALT LAKE CITY, Oct. 23 /PRNewswire/ -- Stephen M. Studdert, chairman and chief executive officer of fonix(TM) corporation (Nasdaq: FONX), announced today that the company has received the public apology from Series 7 licensed stockbroker, Trent Ridd, who uses the pseudonym "WilleyTRa" for his Internet postings. In his apology, Mr. Ridd admitted that his statements made on the Internet concerning the company were wrong and totally inappropriate, and cast officers and directors of fonix in a misleading light. As part of his apology, Mr. Ridd is purchasing shares of the company's stock in open market
transactions, which stock will be held in a voting trust. The company has settled its claims against Mr. Ridd and has accepted his apology.
"We regret any concern that this incident may have caused fonix
corporation shareholders. Mindful of our own fiduciary responsibility, we again reaffirm our pledge to act in our shareholders' best interest in all matters," Studdert said. "fonix management will not tolerate any attempt to discredit or impugn the integrity of its officers, directors and most importantly the proprietary voice recognition technology it has developed to
benefit shareholder value."
The full text of the apology was posted this same date on America Online (AOL). "The freedom to communicate -- and even more the freedom now to communicate to a worldwide audience via on-line services -- brings with it certain responsibilities," said Studdert. "Those who would violate the public trust, notwithstanding presumed anonymity, must be put on notice that their actions are not without consequence."
fonix(TM) corporation, a public company since 1994, is a development-stage company, produces speech recognition technologies using specific-speech knowledge, proprietary speech modeling, and a linguistic process which includes neural networks (artificial intelligence) to recognize natural language speech. As a technology vendor, fonix will license its proprietary speech recognition technology to be used in computer devices for the Internet,
commercial, professional, and industrial markets.
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