Eric Volkman has no position in any of the stocks mentioned. 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. On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. For more information, please see the SECs Web Site Privacy and Security Policy. 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. 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. Mohawk Group Holdings) was founded by . Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! This drop over the last month or so has torched like 9% of my portfolio, real quick. That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. TICKETED EVENTS on Culper Spy Day. Making the world smarter, happier, and richer. These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. Making the world smarter, happier, and richer. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning . Not really sure how to end this post, but please let me know think. Learn More. How valuable are the assets if you can't trust the sales numbers? Reddit and its partners use cookies and similar technologies to provide you with a better experience. In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? 2023 InvestorPlace Media, LLC. 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 INVESTIGATING SHORT SELLER CULPER RESEARCH . 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. 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. Yes, the two executives were at Redwood Scientific. LFMD responded to short report, denying the claims and will report something in detail soon. 10 czerwca 2022 Does someone more knowledgeable than me have any insight into these numbers ? 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. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . "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." Aterian issued a press release to respond to the short attack. Cost basis and return based on previous market day close. And, the marketing expense for RexMD by Culper is just an "estimate". About Us| The complaint, over an alleged short-and-distort stock scheme, was filed by Gordon Rees Scully Mansukhani on behalf of LifeMD Inc., CEO Justin Schreiber and CTO Stefan Galluppi. 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. 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. Veru has sales revenue from other medical assets it owns. As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. More recently, Culper tweeted the response from SEC on a FOIA request for records pertaining to any investigations into OrthoPediatrics Corp., $KIDS. A recent report by Culper Research contains numerous false and misleading statements about our company. Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. Tickets are limited. Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. 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). The Austin-based company went public on the Nasdaq via a special purpose acquisition vehicle, or SPAC, in January 2022. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 Prosper Junior Bakiny has no position in any of the stocks mentioned. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Yes and no. 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. Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . The researcher is also highly unimpressed with the executives guiding the company. They short the company, post these reports, and reap the benefits of people over reacting. 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. We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. What Is the Best EV Stock to Buy Now? These statements are based on CleanSpark's current beliefs and expectations. Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. What Joseph L. Rini Knows, Attorney Rachel Y. Marshall A Pillar of Strength for the Community, SpotDraft Raises $26 Million in Series A Funding for AI-Powered Legal Software. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Please disable your ad-blocker and refresh. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. Taylor Carmichael has no position in any of the stocks mentioned. All Rights Reserved. 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. Nasdaq Toggle Navigation Hindenburg Research. Create an account to follow your favorite communities and start taking part in conversations. 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 . We look for stocks with the potential for big moves in the near future up or down. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. Among its raft of accusations, Culper wrote that the trial is significantly smaller than those conducted for other COVID drug candidates and demonstrated a worryingly high mortality rate. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. 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. 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. They have a financial motivation for doing so -- they want the stock price to go down. Is this a bad sign for your stock? Copyright 2023 InvestorPlace Media, LLC. 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. The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. 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. Here is what I think: These scumbags are going after companies with low institutional/high retail stocks that are on fire, to take advantage of panic. The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. What should investors make of the allegations brought forth by Culper Research? Both options are priced the same. 1-2, 13). The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. 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. By using this site, you are agreeing to security monitoring and auditing. CleanSpark Investigating Short Seller Culper Research. Investors might want to watch out. The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. 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/. To make the world smarter, happier, and richer. Please. Law.com Radar publishes daily updates on just-filed federal cases like this one. 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 . 1125 N. Charles St, Baltimore, MD 21201. Why would the block trades be significantly lower than current stock price at the time? 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. The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. That is because $36 includes all of company's business lines, not just RexMD. Investors could turn away from the company in droves if the researcher's allegations have merit, however. "We believe that the Company has . The Motley Fool has no position in any of the stocks mentioned. 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? Research Materials about George Washington, the Culper Spy Ring, and the American Revolutionary War. 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. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . But there are some warning signs here. Value oriented and event driven investor. 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. Use of Culper Research's ("Culper") research is at your own risk. On Friday, Hindenburg Research and Culper Research released scathing reports on SOS Ltd (NYSE: SOS ), a Chinese cryptocurrency mining company. If you have an ad-blocker enabled you may be blocked from proceeding. You agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of this website or the material herein must be filed within one (1) year after such claim or cause of action arose or be forever barred. 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. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. No LFMD executives were charged. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Click to reserve your spot! Women, Influence & Power in Law UK Awards 2023, Legalweek Leaders in Tech Law Awards 2023, WORKERS COMPENSATION ATTORNEY - Hartford, CT, Offering an Opportunity of a Lifetime for Personal Injury Lawyers, What Does Your Business Agreement Really Mean? 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. Guys, this is a classic short attack. Invest better with The Motley Fool. They do this behind a wall of relative anonymity which is curious given their apparent altruistic intentions of "protecting investors" would lend you to think they would want to be praised for their support for all the poor little guys like us. I bought this stock after Citron recommended it. "LifeMD uses technology to make health care more accessible to people from all walks of life. 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. 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). Read the complaint here: To view this content, please continue to their sites. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. In this conversation. 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. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. I bought calls just before market close yesterday lol fuck my life. 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. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . 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. 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). Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. According to the accounting firm, the numbers are fine. 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. best hunting game for oculus quest 2 culper research legit. For questions call 1-877-256-2472 or contact us at [emailprotected], Shearman and Hogan Lovells Call Off Merger Talks, Early Reports: 2023 Am Law 200 Financials, Beyond Excess Capacity, Pooled Services and Automation Expedite Staff Layoffs, Dozens of Law Firms Grew Their Equity Partner Tier, Even as Profits and Demand Plummeted. CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. Invest better with The Motley Fool. 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. 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. But they were not involved in any fraudulent activity. 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. 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? Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. Where This Leaves Investors in Veru Stock. 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. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Cost basis and return based on previous market day close. This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. Veru Inc. (VERU) fell 6.7% after Culper Research released another short report on the oncology-focused biopharmaceutical company.Culper alleged in the report that at baseline, the. Learn More. This is set for next Tuesday, May 10. *Average returns of all recommendations since inception. 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. All rights reserved. Press question mark to learn the rest of the keyboard shortcuts. Do these allegations sound legitimate or a . However, such information is presented as is, without warranty of any kind whether express or implied. ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . For more information, visit https://ATL-DATA.com. 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. Is this happening to you frequently? Culper alleges that Core Scientific "wildly oversold" both its mining and hosting business. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? The Xometry Short Report. 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 . According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. 1001 and 1030). Is This Warren Buffett Stock a Buy After Its Dividend Boost? 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. Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. Picture this: Benedict Arnold, one of the United State's (U.S.) most infamous traitors and John Andre are successful in conspiring to attack West Point in 1780 ("The Culper Spy Ring," 2010). 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. But that attitude raises a few questions. $10/person - click to reserve your spot! Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. Research is not investment advice nor a recommendation or solicitation to buy securities. That's $100 million you paid. Making the world smarter, happier, and richer. The most trusted brand in stock market news; Fatest intelligence & alerts; Active trader chat rooms; Option trade alerts; Only comprehensive mobile notifications solution 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. The company generated about $23,100 in revenue for the first half of 2021. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research.
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