This drop over the last month or so has torched like 9% of my portfolio, real quick. For more information, contact opendata@sec.gov. 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! The problem is it has just $116.1 million in cash as of Dec. 31 and is burning through its cash. This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. 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. Thank you for your interest in the U.S. Securities and Exchange Commission. Not really sure how to end this post, but please let me know think. CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . Alpilean Reviews 2023 - Scam or Legit (Update Alpilean Supplement 2023 Treace Medical plunges on new short report from Culper Research That's $100 million you paid. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) Veru has a market capitalization of $750 million at $8.46 as of May 6. TICKETED EVENTS on Culper Spy Day. what are you doing after this report? 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 . $10/person - click to reserve your spot! BLINK $BLNK STOCK | I READ 26 PAGE CULPER RESEARCH - YouTube $3.6MM ADDITIONAL, PREVIOUSLY CONCEALED, RELATED PARTY - Yahoo! Join The Legal Intelligencer now! 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. 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 . Time to Buy? 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. Lawsuit filed for Investors in shares of SOS Limited (NYSE: SOS) 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. Culper on Twitter: "It appears $LFMD is once again attempting to bury Why would the block trades be significantly lower than current stock price at the time? Defamation Suit Against Research Company Over Alleged 'Short-and Short-Seller's Note is Short on Credibility, LifeMD Says Also, apparently, most of the patients in the study were outside of the U.S. The Xometry Short Report. 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. In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. Unlimited access to The Legal Intelligencer, Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications. 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). 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 short is also correct that the 9380 lockup expires in June, which means that Aterian's biggest shareholder will be free to start selling shares that were acquired for pennies. Terms of Service. 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. Read the complaint here. Is this a bad sign for your stock? Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). 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. Mark Hake writes about personal finance on mrhake.medium.com, Newsbreak.com and Beehiiv.com. 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 case is 2:21-cv-01273, Lifemd, Inc et al v. Lamarco et al. I Got the 'SOS', So Here's My Take on the Stock's Saga Veru has a market capitalization of $750 million at $8.46 as of May 6. Are u selling or still holding? Core Scientific Short report by Culper research Deep Dive Invest better with The Motley Fool. Under Mr. Cook's . You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Aterian (f.k.a. Our 3 Top Picks. 10 czerwca 2022 All Rights Reserved. Law.com Radar publishes daily updates on just-filed federal cases like this one. 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. 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. 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. Your article was successfully shared with the contacts you provided. In this conversation. 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. Culper also . 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). That could potentially be a turning point for Veru stock. 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. That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. Learn More. LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. LFMD responded to short report, denying the claims and will report something in detail soon. The researcher is also highly unimpressed with the executives guiding the company. This response seems to concede that the company acquired the business from somebody convicted of crimes ("we identified the historical legal concerns raised in the report"), but that it judged the information irrelevant ("unrelated to the acquired businesses"). Down 94%, Is Carvana Stock a Buy-the-Dip Opportunity? The publisher of this false . 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. 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. 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. Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. 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? "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." Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. License our industry-leading legal content to extend your thought leadership and build your brand. Contact Us| Telehealth Co. Accuses Short Sellers Of Defamation-For-Profit Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. Copyright 2023 ALM Global, LLC. Honestly, we are letting them win with this plummeting over-reaction. They short the company, post these reports, and reap the benefits of people over reacting. Yes and no. 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. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Read the complaint here: To view this content, please continue to their sites. On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. Making the world smarter, happier, and richer. LifeMD falls after new short call from Culper Research Culper on Twitter: "Tomorrow's report features two felons, two alleged Culper Spy Ring Thesis - 167 Words | Bartleby What kind of manipulation and block trades? Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. The Great CytoDyn (OTCQB: CYDY) Bear Raid Fails to Impress How valuable are the assets if you can't trust the sales numbers? 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." PDF Disclaimer - IA Rugby.com And 9380 has actually been buying more stock in Aterian since it was acquired by the company. It looks very bad . 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. 1125 N. Charles St, Baltimore, MD 21201. I bought calls just before market close yesterday lol fuck my life. . Hindenburg Research - Investigative Research & Reporting 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 the U.S. Federal Trade Commission (FTC) back in 2018. Note: We do not offer technical support for developing or debugging scripted downloading processes. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. 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. *Average returns of all recommendations since inception. 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. By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. He was the original owner of Roe Tavern in Setauket,N.Y. The report . Use of Culper Research's("Culper") research is at your own risk. 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. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? Making the world smarter, happier, and richer. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Nasdaq 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. Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. But they were not involved in any fraudulent activity. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . Core Scientific stock drops after new short call from Culper Research The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. Why Veru Stock Plummeted on Monday | The Motley Fool Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. 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. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? 1-2, 13). Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. Will Aterian stock recover from this short attack? SOS Stock: Is it Buy the Bounce or Run Like Hell? 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). The Motley Fool has a disclosure policy. Criminal Allegations, and an ICO Scam . The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. 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. We look for stocks with the potential for big moves in the near future up or down. 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. 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 . For more information, visit https://ATL-DATA.com. No LFMD executives were charged. The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. Federal Judge: Lancaster Investment Firm, Executives Must Pay $2M in Civil Penalties, Restitution, Special Master in MoneyGram Feud at SCOTUS Has Surprise Change of Mind, In Jackson's First Majority Opinion, SCOTUS Curbs Delaware's Collection of Unclaimed Property, Class Action Accusing BOA of Inadequate Notice Before Reposessions Hits Federal Court, Law.com Editors and Analysts Offer Top Trends to Watch for 2023. At just 150 patients, the trial is a . 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 . We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. Treace Shareholder Action Reminder - Treace Medical Concepts (NASDAQ 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. 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. 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 . Copyright Don't miss the crucial news and insights you need to make informed legal decisions. 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. 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. 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. The Motley Fool has no position in any of the stocks mentioned. Did they not look into this and see all this???
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