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. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? That is because $36 includes all of company's business lines, not just RexMD. The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. 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. However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. To other RS execs were laundering money (husband and wife). 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 . best hunting game for oculus quest 2 culper research legit. I do wish to raise two issues: Rivington and my background. Also he was allowed to treat patients via telehealth telehealth while on probation (src). We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. About Us| Use of Culper Research's ("Culper") research is at your own risk. Apparently, this was not the case . 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Not a Bloomberg Law Subscriber?Subscribe Now. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. 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. 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. However, such information is presented as is, without warranty of any kind whether express or implied. CLEANSPARK INVESTIGATING SHORT SELLER CULPER RESEARCH . Lorem ipsum dolor sit amet, consectetur adipiscing elit. Does someone more knowledgeable than me have any insight into these numbers ? 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 . The book talks about a group of spies known as the culper spy ring. 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. 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. Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. Both options are priced the same. The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. 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. The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . 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. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. $10/person - Space is limited. Like, within two days of the report, which just adds to the shadiness of the situation. from 8 AM - 9 PM ET. Yes and no. LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. Target Stock is Down Nearly 40% From Its High. No LFMD executives were charged. LFMD execs were not involved, and left the company. Click to reserve your spot! 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. Where This Leaves Investors in Veru Stock. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Holders of short positions trade on an expected decline in the price of a stock. They have a financial motivation for doing so -- they want the stock price to go down. 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, 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. Prosper Junior Bakiny has no position in any of the stocks mentioned. 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. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). That's $100 million you paid. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. It looks very bad . Skip to Main Content. 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 . We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. 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. 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. 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.. Nasdaq Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The Xometry Short Report. I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. 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. 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. It's important to remember that there are two sides to every story. Learn More. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning . More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. CleanSpark Investigates Anonymous Short Seller. Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . Invest better with The Motley Fool. And changing your chief financial officer in the midst of this doesn't exactly reassure. By using this site, you are agreeing to security monitoring and auditing. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. Use of Culper Research's ("Culper") research is at your own risk. 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. Sign up below to get this incredible offer! 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. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! 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. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. 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. We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. Guys, this is a classic short attack. 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. 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. 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? 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. 1-2, 13). Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. 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. This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. Cost basis and return based on previous market day close. Press question mark to learn the rest of the keyboard shortcuts. By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. It seems clear to us that this report is an attempt by a short seller to negatively impact . VERU stock remains an extremely risky bet today. 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). *Average returns of all recommendations since inception. Investors could turn away from the company in droves if the researcher's allegations have merit, however. Copyright 2023 Culper Research - All Rights Reserved. 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. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) 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. At just 150 patients, the trial is a . In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. Yes, it's horrible and I don't know what to do now. More recently, Culper tweeted the response from SEC on a FOIA request for records pertaining to any investigations into OrthoPediatrics Corp., $KIDS. This is set for next Tuesday, May 10. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 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 . Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. 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. The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. Copyright 2023 ALM Global, LLC. But that attitude raises a few questions. To hide from slander cases, perhaps?). 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? 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/. 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. 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. 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. In 5 minutes of searching, you can see they take partial truths and exaggerate them. Sucks. 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. Not really sure how to end this post, but please let me know think. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. 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 . Site Map, Advertise| 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. Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. Invest better with The Motley Fool. Spying is a secret business and thus research into it is most difficult. 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. I bought this stock after Citron recommended it. LFMD responded to short report, denying the claims and will report something in detail soon. 1125 N. Charles St, Baltimore, MD 21201. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. Cost basis and return based on previous market day close. On April 29, the company rebranded from Mohawk Group Holdings to Aterian. When typing in this field, a list of search results will appear and be automatically updated as you type. Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. "LifeMD uses technology to make health care more accessible to people from all walks of life. 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. Please declare your traffic by updating your user agent to include company specific information. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. I bought calls just before market close yesterday lol fuck my life. Pretty brutal. Theres even room for more lines. In the tweet thread, Culper wrote that "Veru's top ranks harbor a history of alleged sham science, failure, and misrepresentation" and are "a team of alleged frauds and failures who now tout a COVID-19 drug.". Criminal Allegations, and an ICO Scam . 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. For example, if it has to redesign the study and start from scratch the costs could go up. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn 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. Is this happening to you frequently? 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 members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . 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? The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." To make the world smarter, happier, and richer. According to the accounting firm, the numbers are fine. 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. CleanSpark Investigating Short Seller Culper Research. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Read the complaint here. The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. 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 . 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. Join The Legal Intelligencer now! 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. As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. Law.com Radar publishes daily updates on just-filed federal cases like this one. 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. 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. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Culper alleges that Core Scientific "wildly oversold" both its mining and hosting business. 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. 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). Culper also . 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 . Managing Partner, Chief Investment Officer. 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. Tickets are limited. Making the world smarter, happier, and richer. Verified account Protected Tweets @; Suggested users 10 czerwca 2022 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. 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. 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 $15 strike that I bought just before market close yesterday. Our Team Account subscription service is for legal teams of four or more attorneys. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. License our industry-leading legal content to extend your thought leadership and build your brand. u/wallstreetbets crowd? Veru has a market capitalization of $750 million at $8.46 as of May 6. Jan 21, 2021 1:53PM EST. to two felons and two alleged scam artists, all of whom will be free to dump their stock by August. "We believe that the Company has .
How Did The Columbian Exchange Affect The Americas, Arehart Funeral Home Obituaries, Jasper County Texas Jail Inmate Roster, Danganronpa Splash Art Commission, Articles C