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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 . 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"). In the near term, anything can happen to a stock price. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) 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. Did anyone read this? Verified account Protected Tweets @; Suggested users *Average returns of all recommendations since inception. 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. Our Team Account subscription service is for legal teams of four or more attorneys. We reserve the right to block IP addresses that submit excessive requests. Also, apparently, most of the patients in the study were outside of the U.S. Why Veru Stock Got Dented Today | The Motley Fool Does someone more knowledgeable than me have any insight into these numbers ? Culper on Twitter Culper on Twitter: "Tomorrow's report features two felons, two alleged 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. By downloading from or viewing material on this website you agree to the following Terms of Service. For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. 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 . $10/person - Space is limited. Spying is a secret business and thus research into it is most difficult. Dissecting the Xometry Stock Short Report - Nanalyze Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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. George Washington's Culper Spy Ring: Separating Fact from Fiction 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. Nasdaq 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. Customer Service| Core Scientific stock drops after new short call from Culper Research 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. For more information, please see the SECs Web Site Privacy and Security Policy. Reference ID: 0.9d8f1402.1677945178.3b82c472. 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. Criminal Allegations, and an ICO Scam . Law Firm Investigating Bitcoin Miner Core Scientific for Alleged 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. exhibit at the Three Village Historical Society. Culper Short Report : r/LFMD - reddit Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. But that attitude raises a few questions. But they were not involved in any fraudulent activity. 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. They have a financial motivation for doing so -- they want the stock price to go down. In 5 minutes of searching, you can see they take partial truths and exaggerate them. 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. An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. u/wallstreetbets crowd? The Austin-based company went public on the Nasdaq via a special purpose acquisition vehicle, or SPAC, in January 2022. Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. Our 3 Top Picks. Christian Lamarco - New York, New York, United States - LinkedIn Yes, it's horrible and I don't know what to do now. Blink Charging lower after short seller powers in with accusations What should investors make of the allegations brought forth by Culper Research? Veru has a market capitalization of $750 million at $8.46 as of May 6. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. . Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. A recent report by Culper Research contains numerous false and misleading statements about our company. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. Yes, the two executives were at Redwood Scientific. By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. VERU stock remains an extremely risky bet today. culper research legitmichelle fleury ancestry. I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . 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. Veru drops after Culper Research releases a follow up short report 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. 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. 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. 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. The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. The problem is this is a highly speculative play for most investors. culper research legit The Motley Fool has no position in any of the stocks mentioned. Eric Volkman has no position in any of the stocks mentioned. We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. Veru (VERU -35.98%) has found itself the target of a short-seller, and as a result the biotech company's shares took a more than 12% hit on an otherwise upbeat Monday for the wider stock market. https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. Prior to co-founding Culper Capital Partners, he served as Majority Shareholder, Chairman & CEO of Glebar Company ("Glebar"), a role which he held from April 2013 to March 2020. Learn More. 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. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. Why Veru Stock Plummeted on Monday | The Motley Fool 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). Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. Copyright All Rights Reserved. Investors might want to watch out. Culperspyday Tri-Spy Tours Managing Partner, Chief Investment Officer. I bought calls just before market close yesterday lol fuck my life. 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. Did they not look into this and see all this??? 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. Investigation Alert: Kessler Topaz Meltzer & Check, LLP is Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. 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. It seems clear to us that this report is an attempt by a short seller to negatively impact . 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. Both options are priced the same. Thus, we assign the incremental $18.0M to RexMD. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. 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. Pretty brutal. Where This Leaves Investors in Veru Stock. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Here's what the company said in part. Law.com Radar publishes daily updates on just-filed federal cases like this one. Also he was allowed to treat patients via telehealth telehealth while on probation (src). You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . CleanSpark Investigating Short Seller Culper Research. 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 industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Use of Culper Research's("Culper") research is at your own risk. I think the only scary about the report is that some executives at LifeMD, used to work at Redwood Scientific, which was shut down by FTC upon fraud. 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 most trusted brand in stock market news; Fatest intelligence & alerts; Active trader chat rooms; Option trade alerts; Only comprehensive mobile notifications solution 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. These statements are based on CleanSpark's current beliefs and expectations. 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. 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). 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. PDF Disclaimer - IA Rugby.com Another bright side is the short report does not have a single mention of PDFSimpli, so if all else fails and the telehealth biz goes to zero at least we have a market cap base of maybe $60-70 million for PDFSimpli lol. More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. 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. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. 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. CleanSpark Investigating Short Seller Culper Research | Nasdaq According to the accounting firm, the numbers are fine. Jan 21, 2021 1:53PM EST. . At just 150 patients, the trial is a . Cost basis and return based on previous market day close. Published on June 1, 2022 June 3, 2022. Please. Culper on Twitter: "It appears $LFMD is once again attempting to bury Research is not investment advice nor a recommendation or solicitation to buy securities. 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. 1-2, 13). On the other hand, the stock dropped 25% . But there are some warning signs here. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. Under Mr. Cook's . 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. For that matter, changing the name of your company a week before a short attack might make people nervous, too. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. 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. 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." Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. The researcher is also highly unimpressed with the executives guiding the company. ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . 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. It looks very bad . 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. Site Map, Advertise| 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. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. The case is 2:21-cv-01273, Lifemd, Inc et al v. Lamarco et al. I guess my last point is - how much of yesterday's decline is attributed to a short report from a company with a terrible track record vs. attributed to why the stock has declined between the earnings and short report? What kind of manipulation and block trades? Were short sellers putting together a scam?