Is this happening to you frequently? 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. Please declare your traffic by updating your user agent to include company specific information. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. 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. 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, 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. 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? 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? Learn More. A quick scroll through Culper's website yields very little in the way of personnel or address. The Patriots (colonists) were fighting against the British, in this war. We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. I do wish to raise two issues: Rivington and my background. 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. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Veru has a market capitalization of $750 million at $8.46 as of May 6. The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. The apparent purpose of the Culper Research "report" is to cover or profit from the publisher's short positions in the Company, which the publisher expressly acknowledges holding in the report itself. The two short-sellers claimed that SOS stock was an . Use of Culper Research's ("Culper") research is at your own risk. 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." If Justin and Stefan were involved in anyway they would have been on the list of named defendants. 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. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. All rights reserved. Read the complaint here. The Motley Fool has a disclosure policy. Target Stock is Down Nearly 40% From Its High. 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. For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. I bought this stock after Citron recommended it. LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. 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. The book talks about a group of spies known as the culper spy ring. If you have an ad-blocker enabled you may be blocked from proceeding. Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. 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. 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 . 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. Spying is a secret business and thus research into it is most difficult. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. Learn More. culper research legitsan juan airport restaurants hours. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? However, such information is presented as is, without warranty of any kind whether express or implied. Did anyone read this? Yes and no. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. "LifeMD uses technology to make health care more accessible to people from all walks of life. 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. That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . Sometimes when there is "blood in the water" other shorts will jump in as well. 831 Words4 Pages. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Thank you for your interest in the U.S. Securities and Exchange Commission. 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. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. We reserve the right to block IP addresses that submit excessive requests. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. Cost basis and return based on previous market day close. "We believe that the Company has vastly exaggerated the size of its EV charging network in order to siphon money from the pockets of investors to insiders. These statements are based on CleanSpark's current beliefs and expectations. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. Yes, it works for cancers, but it does the same to all normal tissue. Shouldn't you, at a minimum, audit the financials before you pay $25 million in cash, and give up 4.22 million shares ($60 million at current prices), and agree to acquire a $15 million promissory note? 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. The report . 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. To make the world smarter, happier, and richer. Not a Bloomberg Law Subscriber?Subscribe Now. Through its wholly owned subsidiary ATL Data Centers LLC, CleanSpark owns and operates a data center that provides customers with traditional on-site and cloud-based data center services. The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. Your article was successfully shared with the contacts you provided. . 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. License our industry-leading legal content to extend your thought leadership and build your brand. Clickhereto get started and be first to know about new suits in your region, practice area or client sector. At just 150 patients, the trial is a . Some research into Culper Research. lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. The Motley Fool recommends Aterian, Inc. The report seems to imply that Veru will be another failure just like other drug companies the management has run. More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. 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 . 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? The rather eclectic biotech -- it has a female contraceptive product, FC2, on the market, and is developing cancer drugs -- has attracted much interest because of the apparently promising sabizabulin. 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 problem is it has just $116.1 million in cash as of Dec. 31 and is burning . 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 . Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning through its cash. It seems clear to us that this report is an attempt by a short seller to negatively impact . Where This Leaves Investors in Veru Stock. Why would the block trades be significantly lower than current stock price at the time? Use of Culper Research's("Culper") research is at your own risk. 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. Not really sure how to end this post, but please let me know think. Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. Press question mark to learn the rest of the keyboard shortcuts. Copyright 2023 ALM Global, LLC. Aterian issued a press release to respond to the short attack. 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. Tickets are limited. According to documents Aterian filed with the SEC on April 29, 9380 Macarthur does indeed own almost 5 million shares, or 16.2% of the company. The 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 . CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. By downloading from or viewing material on this website you agree to the following Terms of Service. 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. One concern is that the t otal a ddressable m arket ( TAM) for all forms of . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Making the world smarter, happier, and richer. The company generated about $23,100 in revenue for the first half of 2021. 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. For that matter, changing the name of your company a week before a short attack might make people nervous, too. Does someone more knowledgeable than me have any insight into these numbers ? 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. Will Aterian stock recover from this short attack? The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. What kind of manipulation and block trades? In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. Are u selling or still holding? To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. 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. 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. Holders of short positions trade on an expected decline in the price of a stock. Docent led tours every 30 minutes of the Spies! Thus, we assign the incremental $18.0M to RexMD. Sign up below to get this incredible offer! Culper Research alleges that the company appears to use unlicensed doctors to dispense OTC medications. Yes, it's horrible and I don't know what to do now. 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. Research is not investment advice nor a recommendation or solicitation to buy securities. exhibit at the Three Village Historical Society. 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. 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. 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. 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. If you're a natural optimist, shorts are handy as a devil's advocate, reminding you of all the bad things that can happen to your stock. Published. The points Culper makes are quite compelling and raise substantial questions about the history of the CEO, Mitchell Steiner, and the EVP of Clinical Affairs, Robert Getzenberg. By downloading from or viewing material on this website you agree to the following Terms of Service. That is because $36 includes all of company's business lines, not just RexMD. 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. Feel like going after another group of asshole short sellers trying to screw over us regular investors? $10/person - click to reserve your spot! In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. A company that relies on acquisitions to make its revenue go up can be hiding a sales deterioration in the existing business. Blink claims that 'EV drivers can easily charge at any of its 15,000 charging stations,' but we estimate the Companys functional public charging station network consists of just 2,192 stations, a mere 15% of this claim.". SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . 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. I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. Pretty brutal. Note: We do not offer technical support for developing or debugging scripted downloading processes. Here's what the company said in part. The case is 2:21-cv-01273, Lifemd, Inc et al v. Lamarco et al. Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . What should investors make of the allegations brought forth by Culper Research? On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). Down 94%, Is Carvana Stock a Buy-the-Dip Opportunity? Taylor Carmichael has no position in any of the stocks mentioned. Create an account to follow your favorite communities and start taking part in conversations. Create an account to follow your favorite communities and start taking part in conversations. to two felons and two alleged scam artists, all of whom will be free to dump their stock by August. The researcher is also highly unimpressed with the executives guiding the company. This drop over the last month or so has torched like 9% of my portfolio, real quick. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. 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. Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. Criminal Allegations, and an ICO Scam . However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. 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. 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. *Average returns of all recommendations since inception. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . 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). But there are some warning signs here. The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. On the other hand, shorts are always future buyers of your stock. That's what happened to the shorts in the Gamestopfrenzy earlier this year. 2023 InvestorPlace Media, LLC. To make the world smarter, happier, and richer. 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. For more information, contact opendata@sec.gov. 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. 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. Managing Partner, Chief Investment Officer. 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. Cost basis and return based on previous market day close. The Motley Fool has a disclosure policy. 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). 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"). To hide from slander cases, perhaps?). 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. That could potentially be a turning point for Veru stock. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of .