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Alan Brochstein, CFA
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Alan Brochstein, CFA has worked in the securities industry since 1986, primarily with the responsibility for managing investments in institutional environments until he founded AB Analytical Services in 2007 in order to provide independent research and consulting to registered investment... More
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  • Plandaí­ Biotechnology Threatens Seeking Alpha Contributor Alan Brochstein With Legal Action 13 comments
    Oct 1, 2013 3:16 PM | about stocks: PLPL

    I recently contributed an article on Plandaí­ Biotechnology (OTCQB: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. (OTCPK:AVTC), which has plunged since I uncovered some serious issues at that company, I have heard from outside legal counsel representing PLPL:

    (click to enlarge)

    (click to enlarge)

    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.


    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
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Comments (13)
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  • Regarded Solutions
    , contributor
    Comments (15467) | Send Message
    Geez, Alan, you hit another nerve....I will be curious to know how THIS one plays out.
    1 Oct 2013, 03:47 PM Reply Like
  • Stephen Simpson, CFA
    , contributor
    Comments (1543) | Send Message
    I'm assuming you rarely, if ever, hear back when you challenge them to point to specific "errors".
    1 Oct 2013, 04:00 PM Reply Like
  • Regarded Solutions
    , contributor
    Comments (15467) | Send Message
    Why would they? They have done a good job of dancing around the edges without specificity, entering into the real world of point by point issues could potentially put the law firm in an awkward position.


    Scare tactics are not unusual when dancing around the real issues. (if there are any)
    1 Oct 2013, 04:21 PM Reply Like
  • Alan Brochstein, CFA
    , contributor
    Comments (7509) | Send Message
    Author’s reply » I was very careful to make sure that all of my points were supported by facts. Like I said, I don't think that they will be pointing to any specific statements I made.
    1 Oct 2013, 05:21 PM Reply Like
  • SoCalNative
    , contributor
    Comments (429) | Send Message
    Gonna follow this one. Keep up the good work, Alan!
    1 Oct 2013, 06:04 PM Reply Like
  • Alan Brochstein, CFA
    , contributor
    Comments (7509) | Send Message
    Author’s reply » Thanks. Good to hear from you again!
    1 Oct 2013, 07:39 PM Reply Like
  • Renmycat!
    , contributor
    Comments (614) | Send Message
    in this corner... Alan Brochstein!
    and in this corner Plandaí­ Biotechnology (represented by Loeb and Loeb LLP)!!
    round 1... fight! o wait, alan has knocked Plandai over the ropes and outta the ring before the fight even started...
    the winner... Mr. Brochstein!!
    keep up the good work!
    1 Oct 2013, 07:57 PM Reply Like
  • Alan Brochstein, CFA
    , contributor
    Comments (7509) | Send Message
    Author’s reply » Thanks. Too early to declare victory. I think that they may be upset less by the article than by posting at i-Hub following their paid promotions and a barrage of paid research:



    "Nice chance to unload. These two press releases are fluff. Yesterday's, with Oasix. Google Oasix. Nothing. Look into the background of the guy named - South African guy who was an E.R. doctor just three years ago before Oasis Skin Institute. Does anyone really believe that he is using his money to pay the $250K up-front? I sure have my doubts - would love to know how far back he and Duffield go. How will a single botox center in Calgary use this lucratively.





    medical doctor
    Oasis Skin Institute
    2010 – Present (3 years)


    Board member
    Plandai Biotechnology
    2013 – 2013 (less than a year)


    Alberta Health ServicesEmergency doctor
    Alberta Health Services
    2007 – 2010 (3 years)


    Medical MD/Emergency
    Interlake Regional Health
    2002 – 2007 (5 years)


    What's up with that "Board Member" thing? First I have seen of this...


    Then, today, they announce a big-sounding deal (15 tons) with an unnamed company that is subject to a clinical trial that hasn't even started!
    The letter of intent is subject to favorable results from a clinical trial which is expected to commence late in 2013.


    There's a sucker born every minute..."
    1 Oct 2013, 10:58 PM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (8818) | Send Message
    F*** these guys.
    2 Oct 2013, 12:43 AM Reply Like
  • Alan Brochstein, CFA
    , contributor
    Comments (7509) | Send Message
    Author’s reply » The funny thing is that the CFA Institute, to whom they want to report me, actually is grateful for my efforts...
    2 Oct 2013, 12:56 AM Reply Like
  • Alan Brochstein, CFA
    , contributor
    Comments (7509) | Send Message
    Author’s reply » Ashraf, you watching IOGA - same promoters as NVLX and PLPL...
    2 Oct 2013, 12:58 AM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (8818) | Send Message
    Ugh...poor retail :(
    3 Oct 2013, 11:42 PM Reply Like
  • Alan Brochstein, CFA
    , contributor
    Comments (7509) | Send Message
    Author’s reply » I never heard back...
    16 Oct 2013, 11:56 PM Reply Like
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