To: ed doell who wrote (1202 ) 12/8/1997 9:42:00 PM From: Pluvia Read Replies (4) | Respond to of 4748
Greetings Ed, I noticed you referred to information about this company presented by Mr Westergaard. I wanted you to be aware that Mr. Westergaard is a paid promoter and therefore what he states about the companies he represents is potentially nothing but paid promotions. Last I check, Westergaard claimed to be getting paid 30k a year for promoting companies listed on his WBN network. This amount was used to display the company on his website and buy advertising in financial publications to further promote the company's prospects and stock. The disturbing thing about this arrangement is Mr. Westergaard provides objective analysis on other companies he is not paid to promote -- actually strongly criticizing some companies. Then he mixes in the promotions of his paid client companies with his objective financial analysis, thus giving the illusion that he provides tough analysis of all the companies he reports on, and naturally his clients companies are portrayed as great investment opportunities. Also, I would caution you on stocks Westergaard promotes. I reviewed a number of his past promoted issues and found many popped a little on the HYPE and then fell waaaaaaaay out of bed. Buyer beware. Furthermore, Westergaard may be under investigation by the SEC for directly or indirectly accepting stock from the companies he has promoted in the past, while at the same implying on his website he, his company and his employees do not own the stocks they promote. Best of luck with your investments, and I caution you -- when you see Westergaard's name promoting a company, look HARD before you leap. After my own review of Mr. Westergaard's operations and his history, I see Westergaard being involved to promote a company as a potential red flag warning. Cheers Steve