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. Create an account to follow your favorite communities and start taking part in conversations. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law. 2023 InvestorPlace Media, LLC. Culper Research also notes that some of LifeMD's current executives were implicated in the Redwood scandal, either as employees of the company directly involved in these crimes or as major shareholders. 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. Thus, we assign the incremental $18.0M to RexMD. This is set for next Tuesday, May 10. 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. Thank you for your interest in the U.S. Securities and Exchange Commission. 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. Culper Research, an activist short-seller that in its words "seek[s] to expose companies which have misrepresented their operations, failed to disclose significant risks, misappropriated capital . Why Veru Stock Plummeted on Monday | The Motley Fool 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. Christian Lamarco - New York, New York, United States - LinkedIn Are u selling or still holding? Taylor Carmichael has no position in any of the stocks mentioned. Tickets are limited. 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. Both options are priced the same. Veru drops after Culper Research releases a follow up short report 10 czerwca 2022 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. Shouldn't you, at a minimum, audit the financials before you pay $25 million in cash, and give up 4.22 million shares ($60 million at current prices), and agree to acquire a $15 million promissory note? We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. Veru has a market capitalization of $750 million at $8.46 as of May 6. 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. Do these allegations sound legitimate or a . It seems clear to us that this report is an attempt by a short seller to negatively impact . Culper Spy Ring Thesis - 167 Words | Bartleby Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. Terms of Service. 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 . Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. Will Aterian stock recover from this short attack? And 9380 has actually been buying more stock in Aterian since it was acquired by the company. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . George Washington's Culper Spy Ring: Separating Fact from Fiction Invest better with The Motley Fool. For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. Our Team Account subscription service is for legal teams of four or more attorneys. Women, Influence & Power in Law UK Awards 2023, Legalweek Leaders in Tech Law Awards 2023, WORKERS COMPENSATION ATTORNEY - Hartford, CT, Offering an Opportunity of a Lifetime for Personal Injury Lawyers, What Does Your Business Agreement Really Mean? What should investors make of the allegations brought forth by Culper Research? Pretty brutal. The apparent purpose of the Culper Research "report" is to cover or profit from the publisher's short positions in the Company, which the publisher expressly acknowledges holding in the report itself. The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. Published. 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? That could potentially be a turning point for Veru stock. The two short-sellers claimed that SOS stock was an . 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. Veru has not yet officially responded to Culper's accusations, which are worrying. 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. Culper Research Join The Legal Intelligencer now! 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. Managing Partner, Chief Investment Officer. Were short sellers putting together a scam? CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 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. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. No LFMD executives were charged. Sign up below to get this incredible offer! | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn 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. culper research owner - CLARVI SEC.gov | HOME Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. Culper Research In this conversation. 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 Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." 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. In 5 minutes of searching, you can see they take partial truths and exaggerate them. That's $100 million you paid. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Im holding on to see the company response. Does someone more knowledgeable than me have any insight into these numbers ? George Washington and the Culper Spy Ring - Stony Brook University culper research legitsan juan airport restaurants hours. But that attitude raises a few questions. 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. 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. To hide from slander cases, perhaps?). You agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of this website or the material herein must be filed within one (1) year after such claim or cause of action arose or be forever barred. 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. Culper on Twitter On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. So the names of the defendants in the lawsuit against Redwood were as follows. One concern is that the t otal a ddressable m arket ( TAM) for all forms of . Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. 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. On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . to two felons and two alleged scam artists, all of whom will be free to dump their stock by August. Culper on Twitter: "Tomorrow's report features two felons, two alleged I think the only scary about the report is that some executives at LifeMD, used to work at Redwood Scientific, which was shut down by FTC upon fraud. 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. Use of Culper Research's ("Culper") research is at your own risk. $3.6MM ADDITIONAL, PREVIOUSLY CONCEALED, RELATED PARTY - Yahoo! Yes and no. However, such information is presented as is, without warranty of any kind whether express or implied. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. CleanSpark Investigating Short Seller Culper Research - PR Newswire LifeMD, Inc. v. Lamarco, Civil Action 2:21-cv-1273 - Casetext CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . LFMD execs were not involved, and left the company. Site Map, Advertise| 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. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. 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. Contact Us| https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. Lawsuit filed for Investors in shares of SOS Limited (NYSE: SOS) 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. The publisher of this false . CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. 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. Treace Investor Alert - Treace Medical Concepts (NASDAQ:TMCI) That's what happened to the shorts in the Gamestopfrenzy earlier this year. An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. The Motley Fool has no position in any of the stocks mentioned. Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. 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. It looks very bad . The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. 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. 1125 N. Charles St, Baltimore, MD 21201. Veru has sales revenue from other medical assets it owns. By downloading from or viewing material on this website you agree to the following Terms of Service. 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. 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. 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. Eric Volkman has no position in any of the stocks mentioned. Did anyone read this? 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.. 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. 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. Are the Short Sellers Right About Aterian? | The Motley Fool - Nasdaq Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. *Average returns of all recommendations since inception. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! 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 more information, visit https://ATL-DATA.com. The most trusted brand in stock market news; Fatest intelligence & alerts; Active trader chat rooms; Option trade alerts; Only comprehensive mobile notifications solution Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. 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! Copyright 2023 ALM Global, LLC. Cost basis and return based on previous market day close. Please. 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: We do not offer technical support for developing or debugging scripted downloading processes. However, such information is presented as is, without warranty of any kind whether express or implied. Veru Stock Could Face Difficulties If the Culper Research Report Is True On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). All rights reserved. Hindenburg Research - Investigative Research & Reporting 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. 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.". culper research legit By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. Culper describes Xometry as "an increasingly commoditized middleman for engineers and tinkerers seeking prototyping and small run parts," a description that matches our recent piece on Distributed Manufacturing - A Case Study Unfolding. It's important to remember that there are two sides to every story. Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Investors might want to watch out. The report . Also he was allowed to treat patients via telehealth telehealth while on probation (src). 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. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. 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. 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. The second major issue the Culper report has with Veru is the quality of management. The problem is this is a highly speculative play for most investors. 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. We look for stocks with the potential for big moves in the near future up or down. 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. Where This Leaves Investors in Veru Stock. Not a Bloomberg Law Subscriber?Subscribe Now. BLINK $BLNK STOCK | I READ 26 PAGE CULPER RESEARCH - YouTube 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. Is this a bad sign for your stock? They short the company, post these reports, and reap the benefits of people over reacting. 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. A recent report by Culper Research contains numerous false and misleading statements about our company. 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. Investors could turn away from the company in droves if the researcher's allegations have merit, however. Docent led tours every 30 minutes of the Spies! Treace Medical Concepts (TMCI) dropped 17% after a new short report from Culper Research.Culper Research says it's short the stock.Treace Medical (TMCI) didn't immediately return. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. The Motley Fool has a disclosure policy. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. Investor Alert: Kaplan Fox Investigates Potential - GlobeNewswire News Room 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Why Veru Stock Got Dented Today | The Motley Fool Guys, this is a classic short attack. Aterian Issues Statement on Inaccurate and Misleading Report by Culper The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. culper research legitmichelle fleury ancestry. The Great CytoDyn (OTCQB: CYDY) Bear Raid Fails to Impress The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. Under Mr. Cook's . 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. Short-sellers take aim at Chinese blockchain firm SOS, shares tumble 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.
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