AVTC Files $100mm Libel Suit Against Seeking Alpha Contributor Alan Brochstein

I received notification today of a $100mm lawsuit filed in Riverside County, CA by AVT, Inc (AVTC).  The case number is RIC 1314161.  The lawsuit can be accessed here.

For anyone interested, here is the article that I wrote in May 2013:

http://seekingalpha.com/article/1463971-investors-should-avoid-avt-inc


I received a cease & desist order shortly thereafter:


http://seekingalpha.com/instablog/6880-alan-brochstein/1901341-avt-inc-threatens-to-sue-seeking-alpha-author


Here is a link to all AVTC-related articles  I wrote that were published by Seeking Alpha.  One, in particular, explained my concerns again:

http://seekingalpha.com/article/1580002-avoid-this-preferred-way-to-pick-pennies-from-your-pocket


Here are some articles that I have published as an instablog (not through SA editorial):

http://seekingalpha.com/instablog/6880-alan-brochstein/2327452-how-avt-inc-fraudulently-promotes-itself

http://seekingalpha.com/instablog/6880-alan-brochstein/2007462-avt-inc-dances-with-the-devil

http://seekingalpha.com/instablog/6880-alan-brochstein/1913391-3-states-issue-cease-and-desist-orders-against-avt-inc

Irony

Here is an article I wrote that AVTC praised (because they were apparently confused about who authored it, though it is clear:

http://ca.finance.yahoo.com/news/msn-money-names-top-14-141000923.html

The endorsement from MSN Money

From MSN Money?  No, it is published on MSN Money, but it is by Benzinga (link ).  Here is the original, by the way:

http://www.benzinga.com/news/14/01/4239989/14-cannabis-stocks-to-watch-in-2014

The author is clear, and does this sound like an endorsement or a routine company description?

Started in 2001, AVT (OTC: AVTC) began producing vending machines, but recently transitioned to automated retail machines. Marijuana investors took interest in the stock when Medbox announced a purchasing agreement.
Medbox spends about half a million dollars a year buying dispensary units from AVT. The company has a market cap of $119 million.



Read more: http://www.benzinga.com/news/14/01/4239989/14-cannabis-stocks-to-watch-in-2014#ixzz2sZMkO3b4



3rd Party Information

SIRF on AVTC 

SIRF on AVTC's lawyer, Phil Koehnke 

Posted to 420 Investor on Feb 06, 2014 — 1:02 PM
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