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. I bought calls just before market close yesterday lol fuck my life. 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.". Taylor Carmichael has no position in any of the stocks mentioned. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Not really sure how to end this post, but please let me know think. For instance, Culper Research alleges that LifeMD presents misleading information regarding its network of doctors and even uses unlicensed professionals "to dispense OTC medication.". Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. 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. The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law. Copyright 2023 InvestorPlace Media, LLC. 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. Eric Volkman has no position in any of the stocks mentioned. Yes, the two executives were at Redwood Scientific. We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. The problem is this is a highly speculative play for most investors. 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. 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. He was the original owner of Roe Tavern in Setauket,N.Y. The Motley Fool has a disclosure policy. So let's take a look at what Culper is saying about Aterian. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. exhibit at the Three Village Historical Society. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. And 9380 has actually been buying more stock in Aterian since it was acquired by the company. 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/. TICKETED EVENTS on Culper Spy Day. At least we have some idea what the manipulation and block-trades that drove this down from $18 to $12 were (culper & friends getting into proper short position before dropping this report). Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. A company that relies on acquisitions to make its revenue go up can be hiding a sales deterioration in the existing business. Click to reserve your spot! Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. 2023 InvestorPlace Media, LLC. Research is not investment advice nor a recommendation or solicitation to buy securities. culper research legitmichelle fleury ancestry. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." Some research into Culper Research. To make the world smarter, happier, and richer. I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. That's $100 million you paid. The Xometry Short Report. VERU stock remains an extremely risky bet today. 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. Theyre calculating that LFMD spends an average of $36 in marketing costs per webpage visitor for REXMD while HIMS spends an average of $2.14 per website visitor for its products . That is because $36 includes all of company's business lines, not just RexMD. 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. Are u selling or still holding? Both options are priced the same. We look for stocks with the potential for big moves in the near future up or down. Skip to Main Content. Here's what the company said in part. 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. The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . On Friday, Hindenburg Research and Culper Research released scathing reports on SOS Ltd (NYSE: SOS ), a Chinese cryptocurrency mining company. 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. Invest better with The Motley Fool. 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. Spying is a secret business and thus research into it is most difficult. A quick scroll through Culper's website yields very little in the way of personnel or address. WOW Very BOLD and INTENSE claims made by Culper Research about Blink Charging Fraud!! u/wallstreetbets crowd? Copyright 1-2, 13). The Motley Fool recommends Aterian, Inc. Sometimes when there is "blood in the water" other shorts will jump in as well. But there are some warning signs here. Culper research countered with a well-timed short report tweeted at 8:05 AM spreading fear in the minds of longs that something was wrong going into the investor call. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. About Us. The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. 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. Like, within two days of the report, which just adds to the shadiness of the situation. Is This Warren Buffett Stock a Buy After Its Dividend Boost? Invest better with The Motley Fool. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. 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? 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 . 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? 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 . These statements are based on CleanSpark's current beliefs and expectations. Law.com Radar publishes daily updates on just-filed federal cases like this one. Use of Culper Research's("Culper") research is at your own risk. 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. 831 Words4 Pages. At just 150 patients, the trial is a . Site Map, Advertise| Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. The Motley Fool has a disclosure policy. Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. One concern is that the t otal a ddressable m arket ( TAM) for all forms of . Mark Hake writes about personal finance on mrhake.medium.com, Newsbreak.com and Beehiiv.com. 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. Invest better with The Motley Fool. Cost basis and return based on previous market day close. Value oriented and event driven investor. On April 29, the company rebranded from Mohawk Group Holdings to Aterian. More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. 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. 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. *Average returns of all recommendations since inception. That could potentially be a turning point for Veru stock. CleanSpark takes seriously any accusations of impropriety, stands behind its prior statements and disclosures, and will not tolerate unfounded and reckless claims against the Company. Were short sellers putting together a scam? This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . 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%. Holders of short positions trade on an expected decline in the price of a stock. 1125 N. Charles St, Baltimore, MD 21201. When typing in this field, a list of search results will appear and be automatically updated as you type. 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 also . Not a Bloomberg Law Subscriber?Subscribe Now. 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. Research is not investment advice nor a recommendation or solicitation to buy securities. 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 investment decision with respect to transacting in any securities covered herein. To other RS execs were laundering money (husband and wife). Use of Culper Research's ("Culper") research is at your own risk. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. 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. Don't miss the crucial news and insights you need to make informed legal decisions. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Jan 21, 2021 1:53PM EST. Down 94%, Is Carvana Stock a Buy-the-Dip Opportunity? 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. I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. 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. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) Use of Culper Research's ("Culper") research is at your own risk. In 5 minutes of searching, you can see they take partial truths and exaggerate them. They have a financial motivation for doing so -- they want the stock price to go down. 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. 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? Target Stock is Down Nearly 40% From Its High. The Motley Fool has no position in any of the stocks mentioned. 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. Reference ID: 0.9d8f1402.1677945178.3b82c472. 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. A recent report by Culper Research contains numerous false and misleading statements about our company. 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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. Verified account Protected Tweets @; Suggested users By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. Sucks. 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. By using this site, you are agreeing to security monitoring and auditing. 10 czerwca 2022 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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 . Yes and no. By downloading from or viewing material on this website you agree to the following Terms of Service. For that matter, changing the name of your company a week before a short attack might make people nervous, too. Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! 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. Your article was successfully shared with the contacts you provided. This drop over the last month or so has torched like 9% of my portfolio, real quick. On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. In this conversation. 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. However, LifeMD's shares will likely be highly volatile now that this report is out there, and I'd think twice about initiating a position in this healthcare stock anytime soon. We reserve the right to block IP addresses that submit excessive requests. 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). 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . For example, if it has to redesign the study and start from scratch the costs could go up. 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. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! 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. For more information, please see the SECs Web Site Privacy and Security Policy. Does someone more knowledgeable than me have any insight into these numbers ? Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. However, such information is presented as is, without warranty of any kind whether express or implied. 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. Making the world smarter, happier, and richer. 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. The researcher is also highly unimpressed with the executives guiding the company. This is set for next Tuesday, May 10. 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. *Average returns of all recommendations since inception. All rights reserved. "We believe that the Company has . Also he was allowed to treat patients via telehealth telehealth while on probation (src). 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. Is this happening to you frequently? 1125 N. Charles St, Baltimore, MD 21201. $10/person - Space is limited. . With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? It looks very bad . 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 . Create an account to follow your favorite communities and start taking part in conversations. About Us| Culper Spy Ring Research Paper Intelligence provided by the Culper Spy Ring was instrumental in the defeat of the British during the Revolutionary War. 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. License our industry-leading legal content to extend your thought leadership and build your brand. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Accounting issues always cause stress for investors. Join The Legal Intelligencer now! The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. "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." If Justin and Stefan were involved in anyway they would have been on the list of named defendants. 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, possess accounting irregularities, or otherwise deceived investors," published a blistering report on its short position in Veru. It's important to remember that there are two sides to every story. 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. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. On the other hand, shorts are always future buyers of your stock. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. More recently, Culper tweeted the response from SEC on a FOIA request for records pertaining to any investigations into OrthoPediatrics Corp., $KIDS. The report seems to imply that Veru will be another failure just like other drug companies the management has run. 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. The Austin-based company went public on the Nasdaq via a special purpose acquisition vehicle, or SPAC, in January 2022. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning through its cash. $10/person - click to reserve your spot! "LifeMD uses technology to make health care more accessible to people from all walks of life. Culper Research alleges that the company appears to use unlicensed doctors to dispense OTC medications. Read the complaint here: To view this content, please continue to their sites. Is this a bad sign for your stock? On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . Pretty brutal. But that attitude raises a few questions. Cost basis and return based on previous market day close. Blink claims that 'EV drivers can easily charge at any of its 15,000 charging stations,' but we estimate the Companys functional public charging station network consists of just 2,192 stations, a mere 15% of this claim.". The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. Learn More. 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. Docent led tours every 30 minutes of the Spies! That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. 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