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. Apparently, this was not the case . The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. And, the marketing expense for RexMD by Culper is just an "estimate". Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. 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. All Rights Reserved. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. 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. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning . Create an account to follow your favorite communities and start taking part in conversations. *Average returns of all recommendations since inception. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including, without limitation: the successful deployment energy solution on the project, the fitness of our energy software and solutions for this particular application or market, the expectations of future revenue growth may not be realized, ongoing demand for our software products and related services, the impact of global pandemics (including COVID-19) on the demand for our products and services; and other risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in our Annual Report on Form 10-K and any subsequent filings with the SEC. The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law. Cost basis and return based on previous market day close. 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. Site Map, Advertise| That's what happened to the shorts in the Gamestopfrenzy earlier this year. 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. Published on June 1, 2022 June 3, 2022. If you can't trust management, or its numbers, you really shouldn't be in a stock. Did anyone read this? Copyright 2023 Culper Research - All Rights Reserved. License our industry-leading legal content to extend your thought leadership and build your brand. It looks very bad . Sucks. Please. But they were not involved in any fraudulent activity. 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. 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? With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? In the near term, anything can happen to a stock price. 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? "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. 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. We look for stocks with the potential for big moves in the near future up or down. We reserve the right to block IP addresses that submit excessive requests. The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." In this conversation. 2023 InvestorPlace Media, LLC. One concern is that the t otal a ddressable m arket ( TAM) for all forms of . 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. According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. Culper also . u/wallstreetbets crowd? 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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. Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). 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). On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. 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. Veru has a market capitalization of $750 million at $8.46 as of May 6. Making the world smarter, happier, and richer. A company that relies on acquisitions to make its revenue go up can be hiding a sales deterioration in the existing business. Making the world smarter, happier, and richer. LFMD responded to short report, denying the claims and will report something in detail soon. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! 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 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. 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. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? Shares of healthcare services provider LifeMD (LFMD 1.68%) are plunging on Wednesday and were down by 22.3% as of 3:45 p.m. EDT. Please declare your traffic by updating your user agent to include company specific information. By downloading from or viewing material on this website you agree to the following Terms of Service. However, such information is presented as is, without warranty of any kind whether express or implied. It's important to remember that there are two sides to every story. We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. 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. best hunting game for oculus quest 2 culper research legit. This suit was surfaced by Law.com Radar. culper research legitmichelle fleury ancestry. If you have an ad-blocker enabled you may be blocked from proceeding. Copyright 2023 InvestorPlace Media, LLC. Value oriented and event driven investor. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. For instance, Culper Research alleges that LifeMD presents misleading information regarding its network of doctors and even uses unlicensed professionals "to dispense OTC medication.". Research is not investment advice nor a recommendation or solicitation to buy securities. Will Aterian stock recover from this short attack? Time to Buy? Five days later, the short report came public. LexisNexis and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. On the other hand, the stock dropped 25% . 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. So the names of the defendants in the lawsuit against Redwood were as follows. Also, apparently, most of the patients in the study were outside of the U.S. Spying is a secret business and thus research into it is most difficult. Note: We do not offer technical support for developing or debugging scripted downloading processes. 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. These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. 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. Learn More. VERU stock remains an extremely risky bet today. Holders of short positions trade on an expected decline in the price of a stock. Click to reserve your spot! 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. quotes delayed at least 15 minutes, all others at least 20 minutes. Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . Published. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms financials, staffing, clients, news and events. We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. from 8 AM - 9 PM ET. Nasdaq 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.". Looking at the relevant FOIA request logs on the SEC website suggests an individual named Jacob Ma-Weaver twitter linkedin acting on behalf of what appears to be his short-selling fund Cable Car Capital LLC. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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. 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. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. The suit's defamation claims center on a Culper report and 'investor alerts' accusing LifeMD principals of engaging in fraud at a previous company and using unlicensed doctors to dispense . According to the accounting firm, the numbers are fine. That could potentially be a turning point for Veru stock. 10 czerwca 2022 Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. A recent report by Culper Research contains numerous false and misleading statements about our company. 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 . 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.. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Aterian (f.k.a. 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. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. 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. How valuable are the assets if you can't trust the sales numbers? 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 . They have a financial motivation for doing so -- they want the stock price to go down. The report seems to imply that Veru will be another failure just like other drug companies the management has run. Invest better with The Motley Fool. Terms of Service. Nonetheless the six month delay in reporting is worrisome. Guys, this is a classic short attack. Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. Research Materials about George Washington, the Culper Spy Ring, and the American Revolutionary War. $10/person - Space is limited. Invest better with The Motley Fool. Use of Culper Research's ("Culper") research is at your own risk. Rivington's association with Culper Jr., and Jr.'s association into the New York City British social environment, clearly places them in contact and since Rivington subsequently provided the British Naval . 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Do these allegations sound legitimate or a . What kind of manipulation and block trades? In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . These statements are based on CleanSpark's current beliefs and expectations. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. Sometimes when there is "blood in the water" other shorts will jump in as well. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . Also he was allowed to treat patients via telehealth telehealth while on probation (src). In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. 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. 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. TICKETED EVENTS on Culper Spy Day. exhibit at the Three Village Historical Society. 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. 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. Thus, we assign the incremental $18.0M to RexMD. Honestly, we are letting them win with this plummeting over-reaction. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). All rights reserved. Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. Toggle Navigation Hindenburg Research. Copyright 2023 ALM Global, LLC. Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. That is because $36 includes all of company's business lines, not just RexMD. 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). 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. . 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. He was the original owner of Roe Tavern in Setauket,N.Y. Taylor Carmichael has no position in any of the stocks mentioned. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . To hide from slander cases, perhaps?). To make the world smarter, happier, and richer. Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. Contact Us| 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. Veru has sales revenue from other medical assets it owns. 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. Tickets are limited. Were short sellers putting together a scam? The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . Veru has not yet officially responded to Culper's accusations, which are worrying. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . 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 . The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. When typing in this field, a list of search results will appear and be automatically updated as you type. Veru has a market capitalization of $750 million at $8.46 as of May 6. CLEANSPARK INVESTIGATING SHORT SELLER CULPER RESEARCH . Yes and no. Growing Mineola firm with national practice seeks associate (with 3-6 years experience) to handle complex general liability matters.Competit CASH KRUGLER & FREDERICKS LLC is Celebrating Our 20th Anniversary & Newest Partners! We also invite anyone who has any information regarding the persons or entities behind Culper Research to contact the Company at the Investor Relations email address or contact number provided below. CleanSpark Investigating Short Seller Culper Research. The publisher of this false . Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. Is This Warren Buffett Stock a Buy After Its Dividend Boost? 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 . 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. 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. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. 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. For more information, contact opendata@sec.gov. 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 . 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. 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 . Prosper Junior Bakiny has no position in any of the stocks mentioned. The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. 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. 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 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. Criminal Allegations, and an ICO Scam . An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. 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. 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. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. Your article was successfully shared with the contacts you provided. Law.com Radar publishes daily updates on just-filed federal cases like this one. At just 150 patients, the trial is a . | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn But it burnt through almost $9 million in free cash flow (FCF) during its latest quarter ending Dec. 31., according to its 10-Q filing. 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. Why would the block trades be significantly lower than current stock price at the time? Don't miss the crucial news and insights you need to make informed legal decisions. They short the company, post these reports, and reap the benefits of people over reacting. The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. For example, if it has to redesign the study and start from scratch the costs could go up. The second major issue the Culper report has with Veru is the quality of management. Did they not look into this and see all this??? Invest better with The Motley Fool. Cost basis and return based on previous market day close. 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. Are u selling or still holding? 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. Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! To make the world smarter, happier, and richer. Not only has Aterian has not disclosed that its largest acquisition was from a felon who served prison time, but despite 5 elapsed months, the Company has failed to provide audited financials for the Smash Assets, leaving its S-3 shelf filing ineligible. 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. 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. But there are some warning signs here. 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. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? Does someone more knowledgeable than me have any insight into these numbers ? 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. The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial .