Rivington's association with Culper Jr., and Jr.'s association into the New York City British social environment, clearly places them in contact and since Rivington subsequently provided the British Naval . Veru Stock Could Face Difficulties If the Culper Research Report Is True. Taylor Carmichael has no position in any of the stocks mentioned. 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/. Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . 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). Do these allegations sound legitimate or a . Why would the block trades be significantly lower than current stock price at the time? Veru has not yet officially responded to Culper's accusations, which are worrying. By using this site, you are agreeing to security monitoring and auditing. 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. 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 . LifeMD, Inc. v. Lamarco, Civil Action 2:21-cv-1273 - Casetext Veru drops after Culper Research releases a follow up short report 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. 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. Under Mr. Cook's . Criminal Allegations, and an ICO Scam . 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. One concern is that the t otal a ddressable m arket ( TAM) for all forms of . ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . On April 29, the company rebranded from Mohawk Group Holdings to Aterian. All rights reserved. Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. LFMD responded to short report, denying the claims and will report something in detail soon. But that attitude raises a few questions. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. 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. 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. Short-Seller's Note is Short on Credibility, LifeMD Says This is set for next Tuesday, May 10. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. 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. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. 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. 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. Value oriented and event driven investor. CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. Is this happening to you frequently? *Average returns of all recommendations since inception. 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. Did anyone read this? 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. What kind of manipulation and block trades? License our industry-leading legal content to extend your thought leadership and build your brand. I Got the 'SOS', So Here's My Take on the Stock's Saga Use of Culper Research's ("Culper") research is at your own risk. Customer Service| https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. 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. Copyright 2023 ALM Global, LLC. Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. But they were not involved in any fraudulent activity. The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. This drop over the last month or so has torched like 9% of my portfolio, real quick. 1001 and 1030). 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. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Dont listen to shitron in the first place, that guy is the worst, Did some research, seems like Dr Badii is no longer with RexMD. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. Nasdaq 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. Hindenburg Research - Investigative Research & Reporting The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. Christian Lamarco - New York, New York, United States - LinkedIn Use of Culper Research's ("Culper") research is at your own risk. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. But it burnt through almost $9 million in free cash flow (FCF) during its latest quarter ending Dec. 31., according to its 10-Q filing. "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." On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. Why LifeMD Stock Is Getting Crushed Today | The Motley Fool In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . 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. Adam s cook | Culper Capital Partners Published on June 1, 2022 June 3, 2022. 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 . culper research legit 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? Veru has sales revenue from other medical assets it owns. Culper Spy Ring Research Paper Intelligence provided by the Culper Spy Ring was instrumental in the defeat of the British during the Revolutionary War. Research Materials about George Washington, the Culper Spy Ring, and the American Revolutionary War. 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. Making the world smarter, happier, and richer. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. In this conversation. 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. White Diamond Research | About Us The publisher of this false . The Motley Fool recommends Aterian, Inc. Learn More. Time to Buy? Please. To other RS execs were laundering money (husband and wife). 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Docent led tours every 30 minutes of the Spies! | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. culper research owner - CLARVI In 5 minutes of searching, you can see they take partial truths and exaggerate them. 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. 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. And, the marketing expense for RexMD by Culper is just an "estimate". $10/person - Space is limited. 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. This suit was surfaced by Law.com Radar. CleanSpark Investigates Anonymous Short Seller. 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. Culper on Twitter 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. 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. 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. Treace Medical plunges on new short report from 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.. Research is not investment advice nor a recommendation or solicitation to buy securities. However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. Short-sellers take aim at Chinese blockchain firm SOS, shares tumble 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 . The two short-sellers claimed that SOS stock was an . LFMD execs were not involved, and left the company. Spying is a secret business and thus research into it is most difficult. Cost basis and return based on previous market day close. Copyright 2023 Culper Research - All Rights Reserved. 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. The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. WOW Very BOLD and INTENSE claims made by Culper Research about Blink Charging Fraud!! For instance, Culper Research alleges that LifeMD presents misleading information regarding its network of doctors and even uses unlicensed professionals "to dispense OTC medication.". That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. culper research legit - zoom-content.com 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. The researcher is also highly unimpressed with the executives guiding the company. That's what happened to the shorts in the Gamestopfrenzy earlier this year. 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. Tickets are limited. 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. 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. Aterian issued a press release to respond to the short attack. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. Home - George Washington and the Culper Spy Ring - Research & Subject Culper Research alleges that the company appears to use unlicensed doctors to dispense OTC medications. 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. These statements are based on CleanSpark's current beliefs and expectations. On Friday, Hindenburg Research and Culper Research released scathing reports on SOS Ltd (NYSE: SOS ), a Chinese cryptocurrency mining 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. "LifeMD uses technology to make health care more accessible to people from all walks of life. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? 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). Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. Where This Leaves Investors in Veru Stock. 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? According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. 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. Five days later, the short report came public. Law Firm Investigating Bitcoin Miner Core Scientific for Alleged I bought calls just before market close yesterday lol fuck my life. The most trusted brand in stock market news; Fatest intelligence & alerts; Active trader chat rooms; Option trade alerts; Only comprehensive mobile notifications solution However, such information is presented as is, without warranty of any kind whether express or implied. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 Aterian Issues Statement on Inaccurate and Misleading Report by Culper The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . 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. Holders of short positions trade on an expected decline in the price of a stock. 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. 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. To make the world smarter, happier, and richer. 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. Culper Short Report : r/LFMD - reddit Target Stock is Down Nearly 40% From Its High. Reference ID: 0.9d8f1402.1677945178.3b82c472. Telehealth Co. Accuses Short Sellers Of Defamation-For-Profit In the near term, anything can happen to a stock price. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. Veru 's ( VERU -0.17%) stock dipped by 5.5% on Friday as of 10:49 a.m. 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. 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. Please disable your ad-blocker and refresh. u/wallstreetbets crowd? 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. Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. 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. 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. "We believe that the Company has vastly exaggerated the size of its EV charging network in order to siphon money from the pockets of investors to insiders. Investor Alert: Kaplan Fox Investigates Potential - GlobeNewswire News Room Also, apparently, most of the patients in the study were outside of the U.S. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Guys, this is a classic short attack. That is because $36 includes all of company's business lines, not just RexMD. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. Redwood Scientific Technologies (parent company of RengaLife), Danielle Cadiz (a Redwood executive since December 2016), Advanced Mens Institute Prolongz LLC (Redwoods prior company name), Run Away Products LLC (New York company used to advertise Redwood products) and, Carols Place Limited Partnership (a related asset management limited partnership, owned by the Cardiffs). But there are some warning signs here. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . Aterian (f.k.a. No LFMD executives were charged. How valuable are the assets if you can't trust the sales numbers? LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. Clickhereto get started and be first to know about new suits in your region, practice area or client sector. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. 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. 1-2, 13). Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? I bought this stock after Citron recommended it. And 9380 has actually been buying more stock in Aterian since it was acquired by the company. Culper on Twitter: "Tomorrow's report features two felons, two alleged We reserve the right to block IP addresses that submit excessive requests. Did they not look into this and see all this??? LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. The Motley Fool has a disclosure policy. 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