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Plandaí­ Biotechnology Threatens Seeking Alpha Contributor Alan Brochstein With Legal Action

|Includes:Plandai Biotechnology, Inc. (PLPL)

I recently contributed an article on Plandaí­ Biotechnology (OTCPK:PLPL) to Seeking Alpha. It was an "alpha-rich" article, so it will go behind the paywall and be available only to PRO subscribers in a few more days. Here is a link to "Plandaí­ Biotechnology: Avoid This Green Tea Fantasy".

Similar to what happened when I shared my views on AVT, Inc. (AVTC.PK), which has plunged since I uncovered some serious issues at that company, I have heard from outside legal counsel representing PLPL:

I responded to Ms. Colbath immediately:

Ms. Colbath, please let me know which statements are false so that I can instruct Seeking Alpha to amend my article should I determine that there is an error. I have cc'ed Mr. George Moriarty of Seeking Alpha, and you may feel free to contact me or him with any issues.

Sincerely,

Alan Brochstein

I am now disclosing this publicly so that any shareholders in PLPL are aware of the actions that the company takes towards those who express a negative view. I maintain that my conclusions were based on fact, so I don't expect to hear back from Ms. Colbath with respect to my request for specific examples of potentially false statements.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: PLPL