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. The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. License our industry-leading legal content to extend your thought leadership and build your brand. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 1-2, 13). We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. Under Mr. Cook's . The Motley Fool has no position in any of the stocks mentioned. The second major issue the Culper report has with Veru is the quality of management. 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 two short-sellers claimed that SOS stock was an . Taylor Carmichael has no position in any of the stocks mentioned. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). 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). Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Pretty brutal. Use of Culper Research's("Culper") research is at your own risk. 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. We look for stocks with the potential for big moves in the near future up or down. 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. 831 Words4 Pages. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. 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 . According to documents Aterian filed with the SEC on April 29, 9380 Macarthur does indeed own almost 5 million shares, or 16.2% of the company. The report . 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. Value oriented and event driven investor. 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. Time to Buy? 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. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. $10/person - click to reserve your spot! Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. 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. That's $100 million you paid. LFMD responded to short report, denying the claims and will report something in detail soon. best hunting game for oculus quest 2 culper research legit. I do wish to raise two issues: Rivington and my background. Did these scumbags have any insider information? Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. Is This Warren Buffett Stock a Buy After Its Dividend Boost? Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. 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. Agreed, this is pretty shitty but have to wait for the response. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. VERU stock remains an extremely risky bet today. Apparently, this was not the case . Read the complaint here: To view this content, please continue to their sites. 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. For that matter, changing the name of your company a week before a short attack might make people nervous, too. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. To make the world smarter, happier, and richer. The Xometry Short Report. And changing your chief financial officer in the midst of this doesn't exactly reassure. The Motley Fool has a disclosure policy. 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. All rights reserved. We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. 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? On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. Eric Volkman has no position in any of the stocks mentioned. 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. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 Aterian (f.k.a. Does someone more knowledgeable than me have any insight into these numbers ? I'm hoping one of you all much smarter people could help here and maybe start to connect some of these dots to pull down the veil a bit from these shady scumbags. 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. This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. But they were not involved in any fraudulent activity. The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. Making the world smarter, happier, and richer. What kind of manipulation and block trades? According to the accounting firm, the numbers are fine. 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. Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. 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). 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. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. For example, if it has to redesign the study and start from scratch the costs could go up. On October 31, 2019, Culper Research published a scathing report detailing reasons Culper Research believes the Company's internal review "was a farce, and shares are ultimately worthless." Aterian issued a press release to respond to the short attack. 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. Did they not look into this and see all this??? Research is not investment advice nor a recommendation or solicitation to buy securities. Is this happening to you frequently? So let's take a look at what Culper is saying about Aterian. We reserve the right to block IP addresses that submit excessive requests. Invest better with The Motley Fool. 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. 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. 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. 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. 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. Note: We do not offer technical support for developing or debugging scripted downloading processes. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. 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. Veru has a market capitalization of $750 million at $8.46 as of May 6. Contact Us| That could potentially be a turning point for Veru stock. TICKETED EVENTS on Culper Spy Day. Tickets are limited. 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. Copyright 2023 Culper Research - All Rights Reserved. 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. Published on June 1, 2022 June 3, 2022. 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. But that attitude raises a few questions. That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. That is because $36 includes all of company's business lines, not just RexMD. All rights reserved. On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. 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. 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). Don't miss the crucial news and insights you need to make informed legal decisions. LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. How valuable are the assets if you can't trust the sales numbers? Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. 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. 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! In this conversation. But there are some warning signs here. Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. The Patriots (colonists) were fighting against the British, in this war. from 8 AM - 9 PM ET. Veru Stock Could Face Difficulties If the Culper Research Report Is True. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . Yes and no. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . 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. 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. 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 . Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. Create an account to follow your favorite communities and start taking part in conversations. Join The Legal Intelligencer now! Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. 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. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. A recent report by Culper Research contains numerous false and misleading statements about our company. Click to reserve your spot! Use of Culper Research's ("Culper") research is at your own risk. $10/person - Space is limited. 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. 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. 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. Read the complaint here. 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. 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 . By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. To make the world smarter, happier, and richer. 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 . Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. Both options are priced the same. Do these allegations sound legitimate or a . u/wallstreetbets crowd? 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 . As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. Some research into Culper Research. Honestly, we are letting them win with this plummeting over-reaction. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. I bought this stock after Citron recommended it. 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. 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/. 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. Were short sellers putting together a scam? It is our view that the Oklahoma revenue opportunity is just 1/28 th (1.6MM/45MM) of or 96% lower than what Berman intimated during the investor presentation.. REKR's first quarter 2021 earnings corroborate our view. Culper Research alleges that the company appears to use unlicensed doctors to dispense OTC medications. 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. 1125 N. Charles St, Baltimore, MD 21201. Mark Hake writes about personal finance on mrhake.medium.com, Newsbreak.com and Beehiiv.com. 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.. 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? On May 4, an anonymous short seller, "Culper Research," launched an attack on Aterian (ATER), a company that uses artificial intelligence to find, acquire, and launch popular consumer goods businesses. He was the original owner of Roe Tavern in Setauket,N.Y. 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. Site Map, Advertise| 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. 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. The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. Feel like going after another group of asshole short sellers trying to screw over us regular investors? Holders of short positions trade on an expected decline in the price of a stock. 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 . The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. 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. I bought calls just before market close yesterday lol fuck my life. We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. 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. Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. In 5 minutes of searching, you can see they take partial truths and exaggerate them. And 9380 has actually been buying more stock in Aterian since it was acquired by the company. *Average returns of all recommendations since inception. 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. Criminal Allegations, and an ICO Scam . In the near term, anything can happen to a stock price. Please declare your traffic by updating your user agent to include company specific information.
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