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. The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. And changing your chief financial officer in the midst of this doesn't exactly reassure. Join The Legal Intelligencer now! 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. Terms of Service. 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. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? 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. u/wallstreetbets crowd? Sign up below to get this incredible offer! Women, Influence & Power in Law UK Awards 2023, Legalweek Leaders in Tech Law Awards 2023, WORKERS COMPENSATION ATTORNEY - Hartford, CT, Offering an Opportunity of a Lifetime for Personal Injury Lawyers, What Does Your Business Agreement Really Mean? 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. 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. According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. To make the world smarter, happier, and richer. Is This Warren Buffett Stock a Buy After Its Dividend Boost? Please. Home - George Washington and the Culper Spy Ring - Research & Subject Culper on Twitter: "Tomorrow's report features two felons, two alleged 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Among its raft of accusations, Culper wrote that the trial is significantly smaller than those conducted for other COVID drug candidates and demonstrated a worryingly high mortality rate. Veru has sales revenue from other medical assets it owns. That's $100 million you paid. Press question mark to learn the rest of the keyboard shortcuts. Mariner Research Group - Deep research in a shallow world The report seems to imply that Veru will be another failure just like other drug companies the management has run. I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. If you can't trust management, or its numbers, you really shouldn't be in a stock. 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. Research is not investment advice nor a recommendation or solicitation to buy securities. That's what happened to the shorts in the Gamestopfrenzy earlier this year. What should investors make of the allegations brought forth by Culper Research? In this conversation. To make the world smarter, happier, and richer. The case is 2:21-cv-01273, Lifemd, Inc et al v. Lamarco et al. Lorem ipsum dolor sit amet, consectetur adipiscing elit. By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. 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 . Culperspyday Tri-Spy Tours 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. 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 publisher of this false . 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. Cost basis and return based on previous market day close. Contact Us| Treace Shareholder Action Reminder - Treace Medical Concepts (NASDAQ Yes, it works for cancers, but it does the same to all normal tissue. Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. 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. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . Reference ID: 0.9d8f1402.1677945178.3b82c472. 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 . Veru has not yet officially responded to Culper's accusations, which are worrying. Treace Medical plunges on new short report from Culper Research 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. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. The two short-sellers claimed that SOS stock was an . Investigation Alert: Kessler Topaz Meltzer & Check, LLP is Use of Culper Research's("Culper") research is at your own risk. Making the world smarter, happier, and richer. The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. 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. quotes delayed at least 15 minutes, all others at least 20 minutes. Our 3 Top Picks. 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. I bought this stock after Citron recommended it. Veru 's ( VERU -0.17%) stock dipped by 5.5% on Friday as of 10:49 a.m. 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. What kind of manipulation and block trades? For example, if it has to redesign the study and start from scratch the costs could go up. Not a Bloomberg Law Subscriber?Subscribe Now. The Motley Fool has a disclosure policy. On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. 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. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. The suits defamation claims center on a Culper report and investor alerts accusing LifeMD principals of engaging in fraud at a previous company and using unlicensed doctors to dispense medications. culper research owner - CLARVI Cost basis and return based on previous market day close. Published on June 1, 2022 June 3, 2022. CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . Dissecting the Xometry Stock Short Report - Nanalyze Apparently, this was not the case . Taylor Carmichael has no position in any of the stocks mentioned. In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. Theyre calculating that LFMD spends an average of $36 in marketing costs per webpage visitor for REXMD while HIMS spends an average of $2.14 per website visitor for its products . 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. 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. Culper on Twitter Im holding on to see the company response. Thus, we assign the incremental $18.0M to RexMD. 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. 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. 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. Here's what the company said in part. Feel like going after another group of asshole short sellers trying to screw over us regular investors? Just went through LifeMD's annual report and they don't break down marketing expenses per business line. 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. *Average returns of all recommendations since inception. According to the accounting firm, the numbers are fine. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Invest better with The Motley Fool. 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. These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." *Average returns of all recommendations since inception. 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. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) George Washington's Secret Six By Brian Kilmeade | ipl.org LifeMD falls after new short call from Culper Research Adam s cook | Culper Capital Partners culper research legitsan juan airport restaurants hours. Yes and no. Read the complaint here: To view this content, please continue to their sites. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Why Veru Stock Plummeted on Monday | The Motley Fool 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 . culper research legit Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. Short-sellers take aim at Chinese blockchain firm SOS, shares tumble White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. Tickets are limited. https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. culper research legitmichelle fleury ancestry. A quick scroll through Culper's website yields very little in the way of personnel or address. To make the world smarter, happier, and richer. If any provision of these Terms of Service is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties intentions as reflected in the provision and rule that the other provisions of these Terms of Service remain in full force and effect, in particular as to this governing law and jurisdiction provision. CleanSpark Investigating Short Seller Culper Research - PR Newswire Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Special Collections, a division of Stony Brook University Libraries (SBU Libraries) is the owner and steward of two American Revolutionary War-era, Culper Spy Ring letters authored by George Washington. Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALMs deep bench of proprietary information to provide insights that cant be found anywhere else. Lawsuit filed for Investors in shares of SOS Limited (NYSE: SOS) WOW Very BOLD and INTENSE claims made by Culper Research about Blink Charging Fraud!! PDF Disclaimer - IA Rugby.com culper research legit - creditsolutionexperts.com Some research into Culper Research. For more information, visit https://ATL-DATA.com. The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. Sometimes when there is "blood in the water" other shorts will jump in as well. 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. 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. 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? 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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. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. "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." Copyright 2023 ALM Global, LLC. As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. Use of Culper Research's ("Culper") research is at your own risk. Christian Lamarco - New York, New York, United States - LinkedIn The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. Pretty brutal. LFMD execs were not involved, and left the company. Here is what I think: These scumbags are going after companies with low institutional/high retail stocks that are on fire, to take advantage of panic. The Patriots (colonists) were fighting against the British, in this war. Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. 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. 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? Law Firm Investigating Bitcoin Miner Core Scientific for Alleged In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. Holders of short positions trade on an expected decline in the price of a stock. 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. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. Making the world smarter, happier, and richer. Culper describes Xometry as "an increasingly commoditized middleman for engineers and tinkerers seeking prototyping and small run parts," a description that matches our recent piece on Distributed Manufacturing - A Case Study Unfolding. exhibit at the Three Village Historical Society. On Friday, Hindenburg Research and Culper Research released scathing reports on SOS Ltd (NYSE: SOS ), a Chinese cryptocurrency mining company. CLEANSPARK INVESTIGATING SHORT SELLER CULPER RESEARCH . For more information, please see the SECs Web Site Privacy and Security Policy. 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. Use of Culper Research's("Culper") research is at your own risk. Short-sellers Hindenburg Research and Culper Research said on Friday they have taken a short position on Chinese blockchain firm SOS Ltd's stock, sending the company's shares down 23%. Five days later, the short report came public. On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. 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. Toggle Navigation Hindenburg Research. The Motley Fool has a disclosure policy. So let's take a look at what Culper is saying about Aterian. Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. Yes, the two executives were at Redwood Scientific. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. On the other hand, shorts are always future buyers of your stock. Why Veru Stock Got Dented Today | The Motley Fool Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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 second major issue the Culper report has with Veru is the quality of management. Our Team Account subscription service is for legal teams of four or more attorneys. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. Veru Stock Could Face Difficulties If the Culper Research Report Is True $10/person - Space is limited. All rights reserved. How valuable are the assets if you can't trust the sales numbers? I took a deep look into the Culper Research short report and this is what I found.Culper Research short report on Core Scientifichttps://img1.wsimg.com/blobb. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Core Scientific stock drops after new short call from Culper Research The researcher is also highly unimpressed with the executives guiding the company. Learn More. Alpilean Reviews 2023 - Scam or Legit (Update Alpilean Supplement 2023 Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The Motley Fool recommends Aterian, Inc. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? White Diamond Research | About Us Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. Yes, it's horrible and I don't know what to do now. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. Clickhereto get started and be first to know about new suits in your region, practice area or client sector. TICKETED EVENTS on Culper Spy Day. About Us| Customer Service| Accounting issues always cause stress for investors. Learn More. So the names of the defendants in the lawsuit against Redwood were as follows. We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. Please declare your traffic by updating your user agent to include company specific information. 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. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. Short-Seller's Note is Short on Credibility, LifeMD Says 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. It's important to remember that there are two sides to every story. CleanSpark Investigates Anonymous Short Seller. They have a financial motivation for doing so -- they want the stock price to go down. That is because $36 includes all of company's business lines, not just RexMD. 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. Click to reserve your spot! Did they not look into this and see all this??? CleanSpark Investigating Short Seller Culper Research. License our industry-leading legal content to extend your thought leadership and build your brand. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Use of Culper Research's ("Culper") research is at your own risk. Published. 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. Culper on Twitter: "It appears $LFMD is once again attempting to bury To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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.