Lorem ipsum dolor sit amet, consectetur adipiscing elit. Learn More. Yes, it's horrible and I don't know what to do now. PDF Disclaimer - IA Rugby.com CleanSpark takes seriously any accusations of impropriety, stands behind its prior statements and disclosures, and will not tolerate unfounded and reckless claims against the Company. Veru has a market capitalization of $750 million at $8.46 as of May 6. Culper on Twitter: "It appears $LFMD is once again attempting to bury However, such information is presented as is, without warranty of any kind whether express or implied. The Motley Fool recommends Aterian, Inc. I bought calls just before market close yesterday lol fuck my life. The second major issue the Culper report has with Veru is the quality of management. Making the world smarter, happier, and richer. For more information, please see the SECs Web Site Privacy and Security Policy. It is very clear that one of their tactics is to submit FOIA requests for information regarding investigations into companies they are attacking, which if you know the Freedom of Information Act, is information that would never be released to the public. Sucks. The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. That request was submitted in December 2020 and according to the SEC FOIA request logs, was done so by a Jeff Bourland linkedin on behalf of an unknown entity, perhaps the "Family Office" listed on his Linkedin. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Culper on Twitter: "Tomorrow's report features two felons, two alleged Why LifeMD Stock Is Getting Crushed Today | The Motley Fool Defamation Suit Against Research Company Over Alleged 'Short-and from 8 AM - 9 PM ET. Some research into Culper Research. On Wall Street, H.C. Wainwright dropped Blink Charging to a Neutral rating from Buy last week on a valuation call that did not allude to any wrongdoing at the company.. Here is what I think: These scumbags are going after companies with low institutional/high retail stocks that are on fire, to take advantage of panic. Use of Culper Research's ("Culper") research is at your own risk. Use of Culper Research's ("Culper") research is at your own risk. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? VERU stock remains an extremely risky bet today. Cost basis and return based on previous market day close. The most trusted brand in stock market news; Fatest intelligence & alerts; Active trader chat rooms; Option trade alerts; Only comprehensive mobile notifications solution Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. WOW Very BOLD and INTENSE claims made by Culper Research about Blink Charging Fraud!! Culperspyday Tri-Spy Tours We also invite anyone who has any information regarding the persons or entities behind Culper Research to contact the Company at the Investor Relations email address or contact number provided below. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Press question mark to learn the rest of the keyboard shortcuts. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. *Average returns of all recommendations since inception. A recent report by Culper Research contains numerous false and misleading statements about our company. Research is not investment advice nor a recommendation or solicitation to buy securities. Adam s cook | Culper Capital Partners The book talks about a group of spies known as the culper spy ring. Aterian (f.k.a. Only bright sides I can see are that none of the allegations suggest that the revenue is fake, so were still talking about a company poised to do $90M in rev this year, and that management will know theyre under a microscope and should be incentivized to clean up their act. White Diamond Research | About Us They do this behind a wall of relative anonymity which is curious given their apparent altruistic intentions of "protecting investors" would lend you to think they would want to be praised for their support for all the poor little guys like us. Click to reserve your spot! Five days later, the short report came public. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. LFMD execs were not involved, and left the company. Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms financials, staffing, clients, news and events. Please. The suit's defamation claims center on a Culper report and 'investor alerts' accusing LifeMD principals of engaging in fraud at a previous company and using unlicensed doctors to dispense . Core Scientific stock drops after new short call from Culper Research Thus, we assign the incremental $18.0M to RexMD. LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. Veru has sales revenue from other medical assets it owns. But they were not involved in any fraudulent activity. All expressions of opinion are subject to change without notice, and Culper does not undertake to update or supplement this report or any of the information contained herein. The short is also correct that the 9380 lockup expires in June, which means that Aterian's biggest shareholder will be free to start selling shares that were acquired for pennies. Published on June 1, 2022 June 3, 2022. Verified account Protected Tweets @; Suggested users George Washington's Culper Spy Ring: Separating Fact from Fiction For example, if it has to redesign the study and start from scratch the costs could go up. Mohawk Group Holdings) was founded by . Please disable your ad-blocker and refresh. In December 2020, Aterian purchased 9380 Macarthur LLC ("the Smash Assets") from (a) convicted felonwho also appears to be late on $4.1 million of taxes to the State of California. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Culper makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use. After they cash in on the Short, they then turn around and ride the wave back up, which happens to most companies they've done this to. I'm hoping one of you all much smarter people could help here and maybe start to connect some of these dots to pull down the veil a bit from these shady scumbags. I did some deeper digging though using SEC FOIA request logs and Culper's own posts on twitter in an attempt to pull back the curtain a bit. CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. Learn More. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. CleanSpark Investigating Short Seller Culper Research - PR Newswire Short-sellers take aim at Chinese blockchain firm SOS, shares tumble *Average returns of all recommendations since inception. Do these allegations sound legitimate or a . Law360 (September 20, 2021, 7:52 PM EDT) -- A negative report from stock research firm Culper Research about telehealth company LifeMD Inc. was part of a "short and distort" stock scheme to defame . Our 3 Top Picks. CleanSpark has retained the law firm of Wilk Auslander LLP in connection with this matter and will be vigilant in investigating the sources of these misrepresentations, including the identity of those veiled behind the entity calling itself Culper Research. Research is not investment advice nor a recommendation or solicitation to buy securities. Miracle Cures and Murder For Hire: How A Spoon-Bending Turkish Magician Built A $600 Million Nasdaq-Listed Scam Based On A Lifetime Of Lies. And, the marketing expense for RexMD by Culper is just an "estimate". Please declare your traffic by updating your user agent to include company specific information. Meanwhile, almost six months after the acquisition, the audit has finally been completed, and Aterian finally filed its (late) numbers with the SEC on May 14. When typing in this field, a list of search results will appear and be automatically updated as you type. Redwood Scientific Technologies (parent company of RengaLife), Danielle Cadiz (a Redwood executive since December 2016), Advanced Mens Institute Prolongz LLC (Redwoods prior company name), Run Away Products LLC (New York company used to advertise Redwood products) and, Carols Place Limited Partnership (a related asset management limited partnership, owned by the Cardiffs). However, LifeMD's shares will likely be highly volatile now that this report is out there, and I'd think twice about initiating a position in this healthcare stock anytime soon. The Patriots (colonists) were fighting against the British, in this war. Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. A company that relies on acquisitions to make its revenue go up can be hiding a sales deterioration in the existing business. While the short report is lengthy, here is part of what Culper said. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. On the other hand, shorts are always future buyers of your stock. https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. Taylor Carmichael has no position in any of the stocks mentioned. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any information on this site. In 5 minutes of searching, you can see they take partial truths and exaggerate them. We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. $10/person - click to reserve your spot! About Us. I like pain so I'm holding and also bought 400 more shares at $9, sitting at 2,000 shares now with a $16 cost basis, plus August calls with $15 strike that I bought just before market close yesterday. They short the company, post these reports, and reap the benefits of people over reacting. lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery The company generated about $23,100 in revenue for the first half of 2021. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas. On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. On July 21, 2022, shares of Energy Vault fell over 6% after Culper Research issued a report that calls into serious question the business and operations of the company. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ --CleanSpark, Inc. (Nasdaq: CLSK), ("CleanSpark, or "the Company"), an advanced software and controls technology solutions company focused on solving modern energy challenges, has become aware of a report making false accusations against CleanSpark and its officers. Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. If any provision of these Terms of Service is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties intentions as reflected in the provision and rule that the other provisions of these Terms of Service remain in full force and effect, in particular as to this governing law and jurisdiction provision. Create an account to follow your favorite communities and start taking part in conversations. The two short-sellers claimed that SOS stock was an . To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. For questions call 1-877-256-2472 or contact us at [emailprotected], Shearman and Hogan Lovells Call Off Merger Talks, Early Reports: 2023 Am Law 200 Financials, Beyond Excess Capacity, Pooled Services and Automation Expedite Staff Layoffs, Dozens of Law Firms Grew Their Equity Partner Tier, Even as Profits and Demand Plummeted. But that attitude raises a few questions. The Motley Fool has no position in any of the stocks mentioned. All rights reserved. Aterian issued a press release to respond to the short attack. Copyright Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Copyright 2023 Culper Research - All Rights Reserved. Customer Service| In a 10-tweet thread digesting the report and posted on Monday, Culper accused Veru of "glaring anomalies" in its phase 3 clinical trial of coronavirus drug sabizabulin. To hide from slander cases, perhaps?). In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any information on this site. Some research into Culper Research : r/LFMD - reddit In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any information on this site. 831 Words4 Pages. Veru(NASDAQ:VERU) is set to discuss on May 10 with the Food and Drug Administration a pre-Emergency Use Authorization (EUA) meeting for its Phase 3 Covid-19 drug, sabizabulin (VERU-111). Culper on Twitter u/wallstreetbets crowd? According to the accounting firm, the numbers are fine. The problem is this is a highly speculative play for most investors. The Austin-based company went public on the Nasdaq via a special purpose acquisition vehicle, or SPAC, in January 2022. A quick scroll through Culper's website yields very little in the way of personnel or address. But there are some warning signs here. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. Unlimited access to The Legal Intelligencer, Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications. 1-2, 13). Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. Dissecting the Xometry Stock Short Report - Nanalyze Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, CleanSpark Reports First Quarter FY2023 Financial Results, CleanSpark Reports Fourth Quarter and Year End FY2022 Financial Results. Our Team Account subscription service is for legal teams of four or more attorneys. Special Collections, a division of Stony Brook University Libraries (SBU Libraries) is the owner and steward of two American Revolutionary War-era, Culper Spy Ring letters authored by George Washington. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. *Average returns of all recommendations since inception. Making the world smarter, happier, and richer. This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. George Washington's Secret Six By Brian Kilmeade | ipl.org With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Plaintiffs also allege that "on information and belief, Lamarco is the sole member of Culper Research; owns and controls Culper Research; and, at all relevant times, directed, authorized, and/or was responsible for false and defamatory statements made about, and tortious acts against, Plaintiffs by Culper Research." (ECF No. For some reason, Jacob appears to be very opposed to crypto which may tie in to Culper's short attacks on $SOS, but that is pure speculation on my part. I guess my last point is - how much of yesterday's decline is attributed to a short report from a company with a terrible track record vs. attributed to why the stock has declined between the earnings and short report? Tickets are limited. The report seems to imply that Veru will be another failure just like other drug companies the management has run. Following publication of any research, we intend to continue transacting in the securities covered herein, and we may be long, short, or neutral at any time hereafter regardless of our initial recommendation, conclusions, or opinions. By downloading from or viewing material on this website you agree to the following Terms of Service. Does someone more knowledgeable than me have any insight into these numbers ? In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any investment decision with respect to transacting in any securities covered herein. It's important to remember that there are two sides to every story. For instance, Culper Research alleges that LifeMD presents misleading information regarding its network of doctors and even uses unlicensed professionals "to dispense OTC medication.". 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. SEC.gov | HOME Reference ID: 0.9d8f1402.1677945178.3b82c472. Yes, the two executives were at Redwood Scientific. He was the original owner of Roe Tavern in Setauket,N.Y. Nasdaq These statements are based on CleanSpark's current beliefs and expectations. exhibit at the Three Village Historical Society. This drop over the last month or so has torched like 9% of my portfolio, real quick. Yes, in the short term, a short attack on a small cap will often send shares down, and Aterian's stock has dropped 35% since the report came out. That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. Toggle Navigation Hindenburg Research. Shares of healthcare services provider LifeMD (LFMD 1.68%) are plunging on Wednesday and were down by 22.3% as of 3:45 p.m. EDT. On April 29, the company rebranded from Mohawk Group Holdings to Aterian. Down 94%, Is Carvana Stock a Buy-the-Dip Opportunity? In the tweet thread, Culper wrote that "Veru's top ranks harbor a history of alleged sham science, failure, and misrepresentation" and are "a team of alleged frauds and failures who now tout a COVID-19 drug.". SALT LAKE CITY, January 21, 2021 -- CleanSpark, Inc. (Nasdaq: CLSK), ("CleanSpark, or "the Company"), an advanced software and controls technology solutions company focused on solving modern energy challenges, has become aware of a report making false accusations against CleanSpark and its officers. culper research legitsan juan airport restaurants hours. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. According to documents Aterian filed with the SEC on April 29, 9380 Macarthur does indeed own almost 5 million shares, or 16.2% of the company. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. On May 4, an anonymous short seller, "Culper Research," launched an attack on Aterian (ATER), a company that uses artificial intelligence to find, acquire, and launch popular consumer goods businesses. Not a Bloomberg Law Subscriber?Subscribe Now. ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . Veru has a market capitalization of $750 million at $8.46 as of May 6. The Culper Research report was also cited in a November 2022 class action lawsuit, which alleged that Core Scientific failed to disclose a series of adverse . The researcher is also highly unimpressed with the executives guiding the company. Jan 21, 2021 1:53PM EST. to two felons and two alleged scam artists, all of whom will be free to dump their stock by August. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. This implies that it could end up wasting a lot of its cash if the Phase 3 clinical study is not successful in obtaining FDA EUA approval. Invest better with The Motley Fool. Aterian Issues Statement on Inaccurate and Misleading Report by Culper Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. The publisher of this false report is an unknown entity or group hidden behind the facade of "Culper Research," which disguises the identity of the actual author(s). The Motley Fool has a disclosure policy. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. Our offerings consist of intelligent energy monitoring and controls, intelligent microgrid design software, middleware communications protocols for the energy industry, energy system engineering, and software consulting services. Among its raft of accusations, Culper wrote that the trial is significantly smaller than those conducted for other COVID drug candidates and demonstrated a worryingly high mortality rate. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team. I do wish to raise two issues: Rivington and my background. Feel like going after another group of asshole short sellers trying to screw over us regular investors? The rather eclectic biotech -- it has a female contraceptive product, FC2, on the market, and is developing cancer drugs -- has attracted much interest because of the apparently promising sabizabulin. . And 9380 has actually been buying more stock in Aterian since it was acquired by the company. We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. Holders of short positions trade on an expected decline in the price of a stock. The publisher of this false . More recently, Culper tweeted the response from SEC on a FOIA request for records pertaining to any investigations into OrthoPediatrics Corp., $KIDS. Use of Culper Research's ("Culper") research is at your own risk. The Culper Spy Ring was assembled in 1778 by Major Benjamin Tallmadge (alias, John Bolton/721) at the request of General George Washington (711) and operated on Long Island (728) and New York City (727) during the . As we all learned today, Culper and its shady supporters aim to create a veil of legitimate entities conducting research which just so happens to uncover some form of fraud/scandal/etc. CleanSpark Investigating Short Seller Culper Research | Nasdaq Treace Investor Alert - Treace Medical Concepts (NASDAQ:TMCI) By downloading from or viewing material on this website you agree to the following Terms of Service. It is our view that the Oklahoma revenue opportunity is just 1/28 th (1.6MM/45MM) of or 96% lower than what Berman intimated during the investor presentation.. REKR's first quarter 2021 earnings corroborate our view. https://www.law.com/thelegalintelligencer/2021/09/27/defamation-suit-against-research-company-over-alleged-short-and-distort-stock-scheme-alert-moves-to-fed-court/. VERU Stock Could Face Difficulties If the Culper Research Report Is The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. Culper also . Docent led tours every 30 minutes of the Spies! Create an account to follow your favorite communities and start taking part in conversations. Also, apparently, most of the patients in the study were outside of the U.S. All expressions of opinion are subject to change without notice, and Culper does not undertake to update or supplement this report or any of the information contained herein.
Etching Damascus With Muriatic Acid, Mardigu Wowiek Tanggal Lahir, Articles C