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Biotech / Medical : PLSIA (Premier Laser Systems) -- Ignore unavailable to you. Want to Upgrade?

To: Gerald Atwater who wrote (1745)	10/13/1999 10:58:00 AM
From: Gerald Atwater	Read Replies (1) \| Respond to of 1773

Time to repost this, Steve liking exposure and all: To: JEFF CHAPMAN who wrote (1722) From: Gerald Atwater Wednesday, Apr 7 1999 9:19PM ET Reply # of 1745 Hey, Steven A. Keyser, any comment about this, taken from your ol' buddy, John Westergaard's site (http://www.wbn.com) and dated Tuesday, 6 March, l999. Stevie, Stevie, STEVIE, this almost makes my Premier loss worthwhile! ! ! <<WESTERGAARD: The story of Melissa is good news for WBNcyberStation affiliates. Anonymous posters of fraudulent and derogatory information directed at companies and management executives are going to need to be increasingly wary that they risk being identified and apprehended. Contrary to conventional wisdom, WBN demonstrated in 1997 that it was possible to uncover the true identity of a message board poster at Silicon Investor and determine that he was not participating on the board as an investor, which is how he presented himself. Hiding behind the anonymity of "Pluvia", he was in fact a distributor of a product which competed with the products of Premier Laser Systems (PLSIA), the company he was targeting, including circulating a false rumor that PLSIA's patents were invalid. Following our identification of the name and address of Pluvia, a cease and desist letter was issued by Premier with promise of legal action to follow. That shut him up as to circulating any new derogatory allegations about the company. We have never revealed the true name of Pluvia, but LA Times' Staff Writer Thomas S. Mulligan did so this past Sunday in an item entitled, "SEC Obtains Injunction". "In 1987, the SEC obtained a permanent injunction against a Steven Keyser, then age 26, accusing him of diverting for his personal use 'almost all' of the proceeds of a 1985 stock offering in a Salt Lake City firm called L'Oiseau Bleu (French for 'bluebird'). "Pluvia, in telephone interviews, denied any involvement in the case and declined even to confirm that he is Keyser. Keyser's Las Vegas telephone number is not published. "Interestingly, however, Pluvia's involvement in the dental laser business coincides with that of the Steven A. Keyser associated in Nevada court and corporate records with a Las Vegas business called Laser Brite Teeth Whitening Center. "Moreover, the same Steven A. Keyser -- as identified by Social Security number -- was listed in a 1994 tax case in Salt Lake District Court with the identical address given for his father in the SEC stock registration statement for L'Oiseau Bleu's initial public offering. "Steven Keyser was listed as president of the firm and his father as secretary-treasurer. The 'blind pool' offering was intended to raise $200,000 to $400,000 to be used to 'engage in the acquisition of business endeavors in one or more industries,' according to the registrations statement, but it is unclear how much actually was raised. "The federal judge in Utah who issued the injunction against Keyser in November 1987 also entered an order of disgorgement, but payment was waived 'after Keyser turn over to L'Oiseau Bleu Corp. all of the corporation's common stock remaining in his possession,' the SEC said in a news release at the time." WESTERGAARD: It was Keyser's company, Laser Brite Teeth Whitening Center in Las Vegas, that was operating a center for teeth whitening and acting as distributor for a system manufactured by Ion Laser Technology and sold in competition to a teeth whitening system manufactured by Premier. Hmmm... Hmmm... Wow! Leapin' butterballs. Now, there is a "smell test" classic for the books.>>