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.". Investors should probably take this allegation with a grain of salt, as Culper Research is an anonymous outfit and the author of the report is a mystery. 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. LFMD responded to short report, denying the claims and will report something in detail soon. Some research into Culper Research. Credit Solution Experts Incorporated offers quality business credit building services, which includes an easy step-by-step system designed for helping clients build their business credit effortlessly. from 8 AM - 9 PM ET. The most trusted brand in stock market news; Fatest intelligence & alerts; Active trader chat rooms; Option trade alerts; Only comprehensive mobile notifications solution Like, within two days of the report, which just adds to the shadiness of the situation. You should assume that Culper (possibly along with or through our members, partners, affiliates, employees, and/or consultants) along with our clients and/or investors has a position in any securities covered herein. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. 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. We look for stocks with the potential for big moves in the near future up or down. 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. 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. Customer Service| On the other hand, the stock dropped 25% . We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. To other RS execs were laundering money (husband and wife). Culper also . 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. Our Team Account subscription service is for legal teams of four or more attorneys. 1-2, 13). 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 . The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. About Us| | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. 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. Use of Culper Research's("Culper") research is at your own risk. They short the company, post these reports, and reap the benefits of people over reacting. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALMs deep bench of proprietary information to provide insights that cant be found anywhere else. Why would the block trades be significantly lower than current stock price at the time? To make the world smarter, happier, and richer. Don't miss the crucial news and insights you need to make informed legal decisions. Copyright 2023 InvestorPlace Media, LLC. Research may contain forward-looking statements, estimates, projections, and opinions with respect to among other things, certain accounting, legal, and regulatory issues the issuerfaces and the potential impact of those issues on its future business, financial condition and results ofoperations, as well as more generally, the issuers anticipated operating performance, access to capitalmarkets, market conditions, assets and liabilities. Click to reserve your spot! Veru has a market capitalization of $750 million at $8.46 as of May 6. In the near term, anything can happen to a stock price. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Another bright side is the short report does not have a single mention of PDFSimpli, so if all else fails and the telehealth biz goes to zero at least we have a market cap base of maybe $60-70 million for PDFSimpli lol. what are you doing after this report? On April 29, the company rebranded from Mohawk Group Holdings to Aterian. Research may contain forward-looking statements, estimates, projections, and opinions with respect to among other things, certain accounting, legal, and regulatory issues the issuerfaces and the potential impact of those issues on its future business, financial condition and results ofoperations, as well as more generally, the issuers anticipated operating performance, access to capitalmarkets, market conditions, assets and liabilities. For example, on April 11 Veru announced its Covid-19 drug brought down the mortality rate by 55% but the Culper report said that this was a manipulation of how high mortality rates were with Covid-19. Making the world smarter, happier, and richer. 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. Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! 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. Mohawk Group Holdings) was founded by . The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. Five days later, the short report came public. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Terms of Service. To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. Join The Legal Intelligencer now! Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, 2 Stocks That Are About to Make Their Shareholders Richer, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. CleanSpark Investigating Short Seller Culper Research. 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. The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." 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. Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. Yes, the two executives were at Redwood Scientific. REKR reported $245,000 in Oklahoma revenue for itself, and $1,000,000 in revenue for the state of Oklahoma - "over 25,000" notices of non-compliance were issued, but REKR . The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. What kind of manipulation and block trades? Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Culper alleges that Core Scientific "wildly oversold" both its mining and hosting business. This is set for next Tuesday, May 10. The complaint, over an alleged short-and-distort stock scheme, was filed by Gordon Rees Scully Mansukhani on behalf of LifeMD Inc., CEO Justin Schreiber and CTO Stefan Galluppi. We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. 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. Copyright 2023 Culper Research - All Rights Reserved. $10/person - click to reserve your spot! These statements are based on CleanSpark's current beliefs and expectations. How valuable are the assets if you can't trust the sales numbers? 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. Also he was allowed to treat patients via telehealth telehealth while on probation (src). Yes, it's horrible and I don't know what to do now. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. 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 . 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. Short-sellers Hindenburg Research and Culper Research said on Friday they have taken a short position on Chinese blockchain firm SOS Ltd's stock, sending the company's shares down 23%. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. Also, apparently, most of the patients in the study were outside of the U.S. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. Reference ID: 0.9d8f1402.1677945178.3b82c472. Criminal Allegations, and an ICO Scam . The two short-sellers claimed that SOS stock was an . For example, on April 11 Veru announced its Covid-19 drug brought down the mortality rate by 55% but the Culper report said that this was a manipulation of how high mortality rates were with Covid-19. Read the complaint here. By downloading from or viewing material on this website you agree to the following Terms of Service. Both options are priced the same. "We believe that the Company has . Copyright Even more recently, yesterday April 13 actually, Culper tweeted the response from the SEC regarding a March 2021 FOIA request for information pertaining to any investigations into SOS, Ltd., $SOS. CLEANSPARK INVESTIGATING SHORT SELLER CULPER RESEARCH . At least we have some idea what the manipulation and block-trades that drove this down from $18 to $12 were (culper & friends getting into proper short position before dropping this report). For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. The suits 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 medications. Research is not investment advice nor a recommendation or solicitation to buy securities. *Average returns of all recommendations since inception. Published. But there are some warning signs here. 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. Toggle Navigation Hindenburg Research. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Prior to co-founding Culper Capital Partners, he served as Majority Shareholder, Chairman & CEO of Glebar Company ("Glebar"), a role which he held from April 2013 to March 2020. Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. All rights reserved. Create an account to follow your favorite communities and start taking part in conversations. Aterian (f.k.a. The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. At this point, the connection between all these entities and Culper is unclear, beyond the fact that Culper posted the response to Ma-Weaver/Cable Car Capital's SEC FOIA request back in December. Veru (VERU -35.98%) has found itself the target of a short-seller, and as a result the biotech company's shares took a more than 12% hit on an otherwise upbeat Monday for the wider stock market. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning . Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. They have a financial motivation for doing so -- they want the stock price to go down. Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. Does someone more knowledgeable than me have any insight into these numbers ? https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. If you're a natural optimist, shorts are handy as a devil's advocate, reminding you of all the bad things that can happen to your stock. About Us. Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. To the best of our ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources we believe to be accurate and reliable, and who are not insiders or connected persons of the securities covered herein or who may otherwise owe any fiduciary duty or duty of confidentiality to the issuer. The Motley Fool has a disclosure policy. A quick scroll through Culper's website yields very little in the way of personnel or address. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning through its cash. This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. 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. For example, if it has to redesign the study and start from scratch the costs could go up. On October 31, 2019, Culper Research published a scathing report detailing reasons Culper Research believes the Company's internal review "was a farce, and shares are ultimately worthless." However, such information is presented as is, without warranty of any kind whether express or implied. Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). Your article was successfully shared with the contacts you provided. The publisher of this false . The Motley Fool has no position in any of the stocks mentioned. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. . Under Mr. Cook's . Clickhereto get started and be first to know about new suits in your region, practice area or client sector. Holders of short positions trade on an expected decline in the price of a stock. Guys, this is a classic short attack. That could potentially be a turning point for Veru stock. $10/person - Space is limited. Culper Spy Ring Research Paper Intelligence provided by the Culper Spy Ring was instrumental in the defeat of the British during the Revolutionary War. Further, Culper Research thinks LifeMD is engaged in fraudulent and illegal activities that are similar to those of Redwood Scientific, a company that faced severe legal penalties at the hands of the U.S. Federal Trade Commission (FTC) back in 2018. For more information, visit https://ATL-DATA.com. Dont listen to shitron in the first place, that guy is the worst, Did some research, seems like Dr Badii is no longer with RexMD. Use of Culper Research's ("Culper") research is at your own risk. Apparently, this was not the case . 2023 InvestorPlace Media, LLC. Picture this: Benedict Arnold, one of the United State's (U.S.) most infamous traitors and John Andre are successful in conspiring to attack West Point in 1780 ("The Culper Spy Ring," 2010). Please declare your traffic by updating your user agent to include company specific information. All Rights Reserved. Through its wholly owned subsidiary ATL Data Centers LLC, CleanSpark owns and operates a data center that provides customers with traditional on-site and cloud-based data center services. Investors could turn away from the company in droves if the researcher's allegations have merit, however. Federal Judge: Lancaster Investment Firm, Executives Must Pay $2M in Civil Penalties, Restitution, Special Master in MoneyGram Feud at SCOTUS Has Surprise Change of Mind, In Jackson's First Majority Opinion, SCOTUS Curbs Delaware's Collection of Unclaimed Property, Class Action Accusing BOA of Inadequate Notice Before Reposessions Hits Federal Court, Law.com Editors and Analysts Offer Top Trends to Watch for 2023. But they were not involved in any fraudulent activity. Verified account Protected Tweets @; Suggested users 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. Agreed, this is pretty shitty but have to wait for the response. I took a deep look into the Culper Research short report and this is what I found.Culper Research short report on Core Scientifichttps://img1.wsimg.com/blobb. Use of Culper Research's("Culper") research is at your own risk. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and we undertake no obligation to revise or update this press release to reflect events or circumstances after the date hereof. More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including, without limitation: the successful deployment energy solution on the project, the fitness of our energy software and solutions for this particular application or market, the expectations of future revenue growth may not be realized, ongoing demand for our software products and related services, the impact of global pandemics (including COVID-19) on the demand for our products and services; and other risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in our Annual Report on Form 10-K and any subsequent filings with the SEC. Is this happening to you frequently? On Friday, Hindenburg Research and Culper Research released scathing reports on SOS Ltd (NYSE: SOS ), a Chinese cryptocurrency mining company. That's $100 million you paid. That's what happened to the shorts in the Gamestopfrenzy earlier this year. To make the world smarter, happier, and richer. 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. Blink Charging (NASDAQ: BLNK) trades lower after short seller Culper Research calls the company a scheme to pillage minority investors to the benefit of insiders. 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. I bought calls just before market close yesterday lol fuck my life. Invest better with The Motley Fool. Pretty brutal. I bought this stock after Citron recommended it. Press question mark to learn the rest of the keyboard shortcuts. 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. TICKETED EVENTS on Culper Spy Day. 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. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Did anyone read this? What should investors make of the allegations brought forth by Culper Research? 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. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . The problem is this is a highly speculative play for most investors. Culper research countered with a well-timed short report tweeted at 8:05 AM spreading fear in the minds of longs that something was wrong going into the investor call. The researcher is also highly unimpressed with the executives guiding the company. 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. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. If too many people are short a stock, the trade might flip on them, and a short squeeze might take place, causing the stock to zoom higher. *Average returns of all recommendations since inception. No LFMD executives were charged. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. In this conversation. 10 czerwca 2022 If you have an ad-blocker enabled you may be blocked from proceeding. Theyre calculating that LFMD spends an average of $36 in marketing costs per webpage visitor for REXMD while HIMS spends an average of $2.14 per website visitor for its products . Target Stock is Down Nearly 40% From Its High. 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 . If you can't trust management, or its numbers, you really shouldn't be in a stock. The Motley Fool has a disclosure policy. 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. Nasdaq According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. However, the language in the response letter uses terms like "we are withholding documents that may be responsive" which Culper and co. are using to lead investors to the conclusion that such records do in fact exist and that an investigation into likely what Culper just detailed in their "report" is ongoing. What Is the Best EV Stock to Buy Now? 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. Where This Leaves Investors in Veru Stock. The Xometry Short Report. Veru Inc. (VERU) fell 6.7% after Culper Research released another short report on the oncology-focused biopharmaceutical company.Culper alleged in the report that at baseline, the. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. According to the accounting firm, the numbers are fine. Learn More. The Motley Fool recommends Aterian, Inc. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . Down 94%, Is Carvana Stock a Buy-the-Dip Opportunity? Site Map, Advertise| Further, Culper Research thinks LifeMD is engaged in fraudulent and illegal activities that are similar to those of Redwood Scientific, a company that faced severe legal penalties at the hands of . Is This Warren Buffett Stock a Buy After Its Dividend Boost? One concern is that the t otal a ddressable m arket ( TAM) for all forms of . Looking at the relevant FOIA request logs on the SEC website suggests an individual named Jacob Ma-Weaver twitter linkedin acting on behalf of what appears to be his short-selling fund Cable Car Capital LLC. 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). The company generated about $23,100 in revenue for the first half of 2021. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? WOW Very BOLD and INTENSE claims made by Culper Research about Blink Charging Fraud!! Research Materials about George Washington, the Culper Spy Ring, and the American Revolutionary War. Press question mark to learn the rest of the keyboard shortcuts. Growing Mineola firm with national practice seeks associate (with 3-6 years experience) to handle complex general liability matters.Competit CASH KRUGLER & FREDERICKS LLC is Celebrating Our 20th Anniversary & Newest Partners! 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. 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. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. On the other hand, shorts are always future buyers of your stock. culper research legitsan juan airport restaurants hours. Alpilean creator (Zach Miller) and medical research editor (Dr. Matthew Gibbs) medically concluded that the longest-lived people on the planet use a "secret trick" on the Alpine ice every night. You agree that the information on this website is copyrighted, and you therefore agree not to distribute this information (whether the downloaded file, copies / images / reproductions, or the link to these files) in any manner other than by providing the following link http://www.culperresearch.com The failure of Culper to exercise or enforce any right or provision of these Terms of Service shall not constitute a waiver of this right or provision.
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