To other RS execs were laundering money (husband and wife). Read the complaint here: To view this content, please continue to their sites. The Culper Ring During The Revolutionary War | ipl.org Toggle Navigation Hindenburg Research. Down 94%, Is Carvana Stock a Buy-the-Dip Opportunity? Invest better with The Motley Fool. This suit was surfaced by Law.com Radar. 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. For accurate information about the Company, Shareholders should refer to the Company's disclosure documents filed with U.S. Securities and Exchange Commission, which are available online under the Company's EDGAR profile atwww.sec.govor on the Investor Relations tab of the Company's website atwww.CleanSpark.com. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) Short-Seller's Note is Short on Credibility, LifeMD Says For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. Hindenburg Research - Investigative Research & Reporting culper research legitsan juan airport restaurants hours. The publisher of this false . 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 the near term, anything can happen to a stock price. Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. Treace Shareholder Action Reminder - Treace Medical Concepts (NASDAQ Agreed, this is pretty shitty but have to wait for the response. Copyright 2023 ALM Global, LLC. $10/person - Space is limited. Under Mr. Cook's . However, such information is presented as is, without warranty of any kind whether express or implied. Culper Short Report : r/LFMD - reddit Home - George Washington and the Culper Spy Ring - Research & Subject However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. 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. 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. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). This cant be right ? Culper on Twitter Apparently, this was not the case . 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. If You Invested $1,000 in Veru in 2020, This Is How Much You Would Have Today, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? All Rights Reserved. What kind of manipulation and block trades? 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. 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 . I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. 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. Here's what the company said in part. 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. Our 3 Top Picks. The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. For example, the Culper Research report alleges the entire February 2020 acquisition of p2k Labs, Inc. is "another undisclosed related party transaction, as CleanSpark's CFO Lori Love is found . 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. 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. The most trusted brand in stock market news; Fatest intelligence & alerts; Active trader chat rooms; Option trade alerts; Only comprehensive mobile notifications solution 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. PDF Disclaimer - IA Rugby.com 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. Im holding on to see the company response. Veru drops after Culper Research releases a follow up short report best hunting game for oculus quest 2 culper research legit. Learn More. Does someone more knowledgeable than me have any insight into these numbers ? 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. That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. Blink claims that 'EV drivers can easily charge at any of its 15,000 charging stations,' but we estimate the Companys functional public charging station network consists of just 2,192 stations, a mere 15% of this claim.". The Company also owns and operates a fleet of over 3,400 ASIC (application-specific integrated circuit) Bitcoin miners producing over 200 PH/s in mining capacity. The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. Use of Culper Research's ("Culper") research is at your own risk. As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. 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. Significant to regional and national historical narratives, SBU's letters were authored in 1779 and 1780 and document espionage activities in the Three Village area of Long Island, New York, the . Join The Legal Intelligencer now! It seems clear to us that this report is an attempt by a short seller to negatively impact . 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. Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. Culper on Twitter: "It appears $LFMD is once again attempting to bury Law.com Radar publishes daily updates on just-filed federal cases like this one. Eric Volkman has no position in any of the stocks mentioned. 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.". The report . The points Culper makes are quite compelling and raise substantial questions about the history of the CEO, Mitchell Steiner, and the EVP of Clinical Affairs, Robert Getzenberg. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . 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. The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. A recent report by Culper Research contains numerous false and misleading statements about our company. Where This Leaves Investors in Veru Stock. Did they not look into this and see all this??? LexisNexis and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information. The researcher is also highly unimpressed with the executives guiding the company. from 8 AM - 9 PM ET. Treace Investor Alert - Treace Medical Concepts (NASDAQ:TMCI) Nasdaq 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. 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 case is 2:21-cv-01273, Lifemd, Inc et al v. Lamarco et al. 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. On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. 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. 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. Veru has not yet officially responded to Culper's accusations, which are worrying. 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. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. 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. Five days later, the short report came public. The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. Don't miss the crucial news and insights you need to make informed legal decisions. "LifeMD uses technology to make health care more accessible to people from all walks of life. Adam s cook | Culper Capital Partners Are the Short Sellers Right About Aterian? | The Motley Fool - Nasdaq Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. I have not but wouldn't it stand to reason that a smaller company entering the space would need to spend more to build brand awareness? The problem is it has just $116.1 million in cash as of Dec. 31 and is burning through its cash. About Us. Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. Not only has Aterian has not disclosed that its largest acquisition was from a felon who served prison time, but despite 5 elapsed months, the Company has failed to provide audited financials for the Smash Assets, leaving its S-3 shelf filing ineligible. We are aware that litigation premised on the so-called "Culper Report" has been filed and that plaintiff's firms are trolling for additional shareholders. Pretty brutal. Please. Between the Hindenburg "Report" (a series of tweets), some firm called Culper Research (who seems to have a mediocre track record), and multiple YouTube videos, investors have a lot to consider. The Motley Fool has no position in any of the stocks mentioned. Dissecting the Xometry Stock Short Report - Nanalyze Culper on Twitter: "Tomorrow's report features two felons, two alleged "Tomorrow's report features two felons, two alleged scam artists, a CEO with a failed crypto hustle, and what we think is a wildly overhyped, deteriorating business facing existential risk." We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. 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. 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. That is because $36 includes all of company's business lines, not just RexMD. Core Scientific Short report by Culper research Deep Dive Also, apparently, most of the patients in the study were outside of the U.S. Sign up below to get this incredible offer! 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). Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! It looks very bad . Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. 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. 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. Making the world smarter, happier, and richer. In its report, Culper Research makes a series of claims concerning LifeMD, its executives, and its operations which, if true, could be devastating to the healthcare company and its shareholders. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. It stinks like a skunk to me, but Im not smart. Also, did you notice that there are now at least half a dozen law firms trolling for members to a class action lawsuit against Life? 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. Lawsuit filed for Investors in shares of SOS Limited (NYSE: SOS) 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. CleanSpark Investigating Short Seller Culper Research - PR Newswire 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. Copyright 2023 InvestorPlace Media, LLC. 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. Were short sellers putting together a scam? Veru has sales revenue from other medical assets it owns. Sometimes when there is "blood in the water" other shorts will jump in as well. 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%. Sucks. Theres even room for more lines. https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. 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. Will Aterian stock recover from this short attack? Did anyone read this? lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery Customer Service| However, such information is presented as is, without warranty of any kind whether express or implied. The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law. *Average returns of all recommendations since inception. 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. 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? 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. Investigation Alert: Kessler Topaz Meltzer & Check, LLP is I Got the 'SOS', So Here's My Take on the Stock's Saga 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. The company did not report any news, but these losses are a result of a short-seller report issued by investigative research firm Culper Research. White Diamond Research | About Us CleanSpark Investigating Short Seller Culper Research. 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). In this conversation. For more information, contact opendata@sec.gov. In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. Both options are priced the same. 1-2, 13). culper research legit - zoom-content.com The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. The Motley Fool has a disclosure policy. Culper also . If you can't trust management, or its numbers, you really shouldn't be in a stock. Skip to Main Content. 1125 N. Charles St, Baltimore, MD 21201. We reserve the right to block IP addresses that submit excessive requests. Taylor Carmichael has no position in any of the stocks mentioned. Like, within two days of the report, which just adds to the shadiness of the situation. Note: We do not offer technical support for developing or debugging scripted downloading processes. The second major issue the Culper report has with Veru is the quality of management. The publication of the report and the tweet thread come hot on the heels of the news that the Food and Drug Administration (FDA) has set a pre-Emergency Use Authorization (EUA) meeting date to discuss that phase 3 study data.