Agreed, this is pretty shitty but have to wait for the response. By downloading from or viewing material on this website you agree to the following Terms of Service. Making the world smarter, happier, and richer. Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. Im holding on to see the company response. Are u selling or still holding? Learn More. "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." As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . Tickets are limited. 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. Cost basis and return based on previous market day close. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. 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 . 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. So let's take a look at what Culper is saying about Aterian. 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. 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. Investors might want to watch out. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. 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. About Us| 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. CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. . The company generated about $23,100 in revenue for the first half of 2021. 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.". 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 . Not really sure how to end this post, but please let me know think. 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. 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. In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. This suit was surfaced by Law.com Radar. The two short-sellers claimed that SOS stock was an . 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. Where This Leaves Investors in Veru Stock. 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. The Motley Fool has no position in any of the stocks mentioned. 1-2, 13). 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. Culper also . Both options are priced the same. And, the marketing expense for RexMD by Culper is just an "estimate". 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. I do wish to raise two issues: Rivington and my background. to two felons and two alleged scam artists, all of whom will be free to dump their stock by August. By using this site, you are agreeing to security monitoring and auditing. Research is not investment advice nor a recommendation or solicitation to buy securities. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. He was the original owner of Roe Tavern in Setauket,N.Y. Invest better with The Motley Fool. Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. Will Aterian stock recover from this short attack? Why would the block trades be significantly lower than current stock price at the time? 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. from 8 AM - 9 PM ET. 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. I need to wait for management's response and the Q1 earnings release to really make an opinion on the merits of this short report. The report seems to imply that Veru will be another failure just like other drug companies the management has run. On April 29, the company rebranded from Mohawk Group Holdings to Aterian. Research Materials about George Washington, the Culper Spy Ring, and the American Revolutionary War. If you have an ad-blocker enabled you may be blocked from proceeding. culper research legitsan juan airport restaurants hours. We look for stocks with the potential for big moves in the near future up or down. According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. 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. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. In 5 minutes of searching, you can see they take partial truths and exaggerate them. Thank you for your interest in the U.S. Securities and Exchange Commission. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery Our second option allows you to build your bundle and strategically select the content that pertains to your needs. 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. Aterian issued a press release to respond to the short attack. Do these allegations sound legitimate or a . These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." 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. Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. 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. Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! In this conversation. Veru 's ( VERU -0.17%) stock dipped by 5.5% on Friday as of 10:49 a.m. The most trusted brand in stock market news; Fatest intelligence & alerts; Active trader chat rooms; Option trade alerts; Only comprehensive mobile notifications solution Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Create an account to follow your favorite communities and start taking part in conversations. Skip to Main Content. And 9380 has actually been buying more stock in Aterian since it was acquired by the company. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. "LifeMD uses technology to make health care more accessible to people from all walks of life. The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. For more information, please see the SECs Web Site Privacy and Security Policy. 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. 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). It seems clear to us that this report is an attempt by a short seller to negatively impact . SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . Don't miss the crucial news and insights you need to make informed legal decisions. The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. Use of Culper Research's ("Culper") research is at your own risk. Mohawk Group Holdings) was founded by . What Joseph L. Rini Knows, Attorney Rachel Y. Marshall A Pillar of Strength for the Community, SpotDraft Raises $26 Million in Series A Funding for AI-Powered Legal Software. On the other hand, the stock dropped 25% . I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. *Average returns of all recommendations since inception. At just 150 patients, the trial is a . Yes, it's horrible and I don't know what to do now. On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. 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. Is this a bad sign for your stock? 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. Apparently, this was not the case . To make the world smarter, happier, and richer. Nonetheless the six month delay in reporting is worrisome. The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." Prosper Junior Bakiny has no position in any of the stocks mentioned. 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. 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. Criminal Allegations, and an ICO Scam . Law.com Radar publishes daily updates on just-filed federal cases like this one. 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? Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff, 5 Penny Cryptos With the Most Potential for Growth, 7 Penny Stocks Poised for Explosive Growth in 2023. 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. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Is This Warren Buffett Stock a Buy After Its Dividend Boost? Reference ID: 0.9d8f1402.1677945178.3b82c472. We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! License our industry-leading legal content to extend your thought leadership and build your brand. Docent led tours every 30 minutes of the Spies! 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. 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. To other RS execs were laundering money (husband and wife). Did these scumbags have any insider information? All rights reserved. Invest better with The Motley Fool. CleanSpark Investigating Short Seller Culper Research. Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. But there are some warning signs here. 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. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. 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). *Average returns of all recommendations since inception. More recently, Culper tweeted the response from SEC on a FOIA request for records pertaining to any investigations into OrthoPediatrics Corp., $KIDS. 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. Making the world smarter, happier, and richer. 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. 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.. I bought calls just before market close yesterday lol fuck my life. This drop over the last month or so has torched like 9% of my portfolio, real quick. 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. Cost basis and return based on previous market day close. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. 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. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. The Austin-based company went public on the Nasdaq via a special purpose acquisition vehicle, or SPAC, in January 2022. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. CLEANSPARK INVESTIGATING SHORT SELLER CULPER RESEARCH . 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 . Were short sellers putting together a scam? 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. In a 10-tweet thread digesting the report and posted on Monday, Culper accused Veru of "glaring anomalies" in its phase 3 clinical trial of coronavirus drug sabizabulin. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. 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. 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. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. 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 Company"), an advanced software and controls technology solutions company focused on solving . How valuable are the assets if you can't trust the sales numbers? Our Team Account subscription service is for legal teams of four or more attorneys. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning . Veru Stock Could Face Difficulties If the Culper Research Report Is True. Use of Culper Research's ("Culper") research is at your own risk. The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. About Us. Learn More. For that matter, changing the name of your company a week before a short attack might make people nervous, too. More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. 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 alleges that the company appears to use unlicensed doctors to dispense OTC medications. 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. 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. Terms of Service. This is set for next Tuesday, May 10. Did they not look into this and see all this??? 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. 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 . Research is not investment advice nor a recommendation or solicitation to buy securities. Investors could turn away from the company in droves if the researcher's allegations have merit, however. Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . For instance, Culper Research alleges that LifeMD presents misleading information regarding its network of doctors and even uses unlicensed professionals "to dispense OTC medication.". 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. 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. 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. 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. We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. Time to Buy? To make the world smarter, happier, and richer. For more information, contact opendata@sec.gov. According to the accounting firm, the numbers are fine. The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. 1125 N. Charles St, Baltimore, MD 21201. Copyright 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. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. This cant be right ? Veru has not yet officially responded to Culper's accusations, which are worrying. quotes delayed at least 15 minutes, all others at least 20 minutes. 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. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. 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. LFMD execs were not involved, and left the company. The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. 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. Yes, the two executives were at Redwood Scientific. The Xometry Short Report. *Average returns of all recommendations since inception. 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. 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. Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. Verified account Protected Tweets @; Suggested users Under Mr. Cook's . On Friday, Hindenburg Research and Culper Research released scathing reports on SOS Ltd (NYSE: SOS ), a Chinese cryptocurrency mining company. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. Here's what the company said in part. 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. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. It's important to remember that there are two sides to every story. Target Stock is Down Nearly 40% From Its High. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. Also he was allowed to treat patients via telehealth telehealth while on probation (src). Read the complaint here: To view this content, please continue to their sites. 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. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Lorem ipsum dolor sit amet, consectetur adipiscing elit. For more information, visit https://ATL-DATA.com.
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