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. Yes, it works for cancers, but it does the same to all normal tissue. On February 26, 2021, Hindenburg Research and Culper Research published reports regarding SOS Limited, alleging that the Company was a "pump and dump" scheme that used fake addresses and doctored . 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. These statements are based on CleanSpark's current beliefs and expectations. Published on June 1, 2022 June 3, 2022. Culper Spy Ring Research Paper Intelligence provided by the Culper Spy Ring was instrumental in the defeat of the British during the Revolutionary War. More recently, Culper tweeted the response from SEC on a FOIA request for records pertaining to any investigations into OrthoPediatrics Corp., $KIDS. But there are some warning signs here. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Lorem ipsum dolor sit amet, consectetur adipiscing elit. The problem is this is a highly speculative play for most investors. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. 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. We reserve the right to block IP addresses that submit excessive requests. The most trusted brand in stock market news; Fatest intelligence & alerts; Active trader chat rooms; Option trade alerts; Only comprehensive mobile notifications solution best hunting game for oculus quest 2 culper research legit. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. *Average returns of all recommendations since inception. 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. culper research legitsan juan airport restaurants hours. 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 . Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Did anyone read this? By downloading from or viewing material on this website you agree to the following Terms of Service. 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. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. . The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. 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. 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. Use of Culper Research's("Culper") research is at your own risk. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. 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? He was the original owner of Roe Tavern in Setauket,N.Y. 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. 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. 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 . 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. 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. So let's take a look at what Culper is saying about Aterian. 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. Managing Partner, Chief Investment Officer. Criminal Allegations, and an ICO Scam . Nonetheless the six month delay in reporting is worrisome. Agreed, this is pretty shitty but have to wait for the response. The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. We look for stocks with the potential for big moves in the near future up or down. A recent report by Culper Research contains numerous false and misleading statements about our company. I bought calls just before market close yesterday lol fuck my life. TICKETED EVENTS on Culper Spy Day. Here's what the company said in part. Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. Read the complaint here. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. 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? Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. 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. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . In the near term, anything can happen to a stock price. That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. Use of Culper Research's ("Culper") research is at your own risk. But they were not involved in any fraudulent activity. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). Culper also . 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. 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/. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . The Motley Fool has no position in any of the stocks mentioned. Use of Culper Research's ("Culper") research is at your own risk. Yes and no. The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. 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. Five days later, the short report came public. 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 Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. LFMD responded to short report, denying the claims and will report something in detail soon. 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. 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. This suit was surfaced by Law.com Radar. I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. All Rights Reserved. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. *Average returns of all recommendations since inception. Like, within two days of the report, which just adds to the shadiness of the situation. The Motley Fool has a disclosure policy. WOW Very BOLD and INTENSE claims made by Culper Research about Blink Charging Fraud!! Reddit and its partners use cookies and similar technologies to provide you with a better experience. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. In 5 minutes of searching, you can see they take partial truths and exaggerate them. Click to reserve your spot! To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. Spying is a secret business and thus research into it is most difficult. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and we undertake no obligation to revise or update this press release to reflect events or circumstances after the date hereof. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning . 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. what are you doing after this report? Docent led tours every 30 minutes of the Spies! Is this a bad sign for your stock? Just went through LifeMD's annual report and they don't break down marketing expenses per business line. 1125 N. Charles St, Baltimore, MD 21201. The researcher is also highly unimpressed with the executives guiding the company. On the other hand, the stock dropped 25% . Im holding on to see the company response. 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. The Austin-based company went public on the Nasdaq via a special purpose acquisition vehicle, or SPAC, in January 2022. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. 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. Read the complaint here: To view this content, please continue to their sites. Customer Service| No LFMD executives were charged. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. All rights reserved. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. 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. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). 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? 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. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? The company generated about $23,100 in revenue for the first half of 2021. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. In December 2020, Aterian purchased 9380 Macarthur LLC ("the Smash Assets") from (a) convicted felonwho also appears to be late on $4.1 million of taxes to the State of California. More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. But that attitude raises a few questions. 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. The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. Investors could turn away from the company in droves if the researcher's allegations have merit, however. Jan 21, 2021 1:53PM EST. It seems clear to us that this report is an attempt by a short seller to negatively impact . 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. Taylor Carmichael has no position in any of the stocks mentioned. 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 . To make the world smarter, happier, and richer. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. 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 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. 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. Aterian (f.k.a. 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. CLEANSPARK INVESTIGATING SHORT SELLER CULPER RESEARCH . Does someone more knowledgeable than me have any insight into these numbers ? That could potentially be a turning point for Veru stock. 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. The Motley Fool has no position in any of the stocks mentioned. The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." If you have an ad-blocker enabled you may be blocked from proceeding. On April 29, the company rebranded from Mohawk Group Holdings to Aterian. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Sometimes when there is "blood in the water" other shorts will jump in as well. CleanSpark Investigating Short Seller Culper Research. That's $100 million you paid. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. About Us| Aterian issued a press release to respond to the short attack. 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. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. u/wallstreetbets crowd? One concern is that the t otal a ddressable m arket ( TAM) for all forms of . 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. Reference ID: 0.9d8f1402.1677945178.3b82c472. These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." For that matter, changing the name of your company a week before a short attack might make people nervous, too. Nasdaq 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. Sucks. 2023 InvestorPlace Media, LLC. License our industry-leading legal content to extend your thought leadership and build your brand. Use of Culper Research's ("Culper") research is at your own risk. The Motley Fool recommends Aterian, Inc. 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. Is this happening to you frequently? The Culper Spy Ring was assembled in 1778 by Major Benjamin Tallmadge (alias, John Bolton/721) at the request of General George Washington (711) and operated on Long Island (728) and New York City (727) during the . Some research into Culper Research. For more information, please see the SECs Web Site Privacy and Security Policy. I bought this stock after Citron recommended it. 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. 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. "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. 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. Even more recently, yesterday April 13 actually, Culper tweeted the response from the SEC regarding a March 2021 FOIA request for information pertaining to any investigations into SOS, Ltd., $SOS. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. Copyright 2023 InvestorPlace Media, LLC. *Average returns of all recommendations since inception. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn Holders of short positions trade on an expected decline in the price of a stock. Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. Not really sure how to end this post, but please let me know think. Why would the block trades be significantly lower than current stock price at the time? 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. Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. 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. Invest better with The Motley Fool. Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . 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. On the other hand, shorts are always future buyers of your stock. At just 150 patients, the trial is a . 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. This is set for next Tuesday, May 10. So the names of the defendants in the lawsuit against Redwood were as follows. 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. Cost basis and return based on previous market day close. 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. 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. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! 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%. 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. Target Stock is Down Nearly 40% From Its High. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Making the world smarter, happier, and richer. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Learn More. The two short-sellers claimed that SOS stock was an . 10 czerwca 2022 For more information, visit https://ATL-DATA.com. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. 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. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. The second major issue the Culper report has with Veru is the quality of management. 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. 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. from 8 AM - 9 PM ET. While the short report is lengthy, here is part of what Culper said. The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. 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. Learn More. On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. Copyright 2023 ALM Global, LLC. 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. Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. 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. Did these scumbags have any insider information? 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? 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.