No LFMD executives were charged. Culper on Twitter LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. 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. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. 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 book talks about a group of spies known as the culper spy ring. In its report, Culper Research makes a series of claims concerning LifeMD, its executives, and its operations which, if true, could be devastating to the healthcare company and its shareholders. 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. 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. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Hindenburg Research - Investigative Research & Reporting 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. TICKETED EVENTS on Culper Spy Day. 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%. Use of Culper Research's("Culper") research is at your own risk. The Culper Ring During The Revolutionary War | ipl.org The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. Investor Alert: Kaplan Fox Investigates Potential - GlobeNewswire News Room "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." Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! A company that relies on acquisitions to make its revenue go up can be hiding a sales deterioration in the existing business. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . Invest better with The Motley Fool. Docent led tours every 30 minutes of the Spies! Culper also . To make the world smarter, happier, and richer. Sign up below to get this incredible offer! George Washington's Secret Six By Brian Kilmeade | ipl.org To hide from slander cases, perhaps?). In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . 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. 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.". 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/. . 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. Culper makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. What Is the Best EV Stock to Buy Now? Veru has not yet officially responded to Culper's accusations, which are worrying. 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. Investigation Alert: Kessler Topaz Meltzer & Check, LLP is 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. 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. But there are some warning signs here. Lorem ipsum dolor sit amet, consectetur adipiscing elit. This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The researcher is also highly unimpressed with the executives guiding the company. 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. 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. Why would the block trades be significantly lower than current stock price at the time? Veru(NASDAQ:VERU) is set to discuss on May 10 with the Food and Drug Administration a pre-Emergency Use Authorization (EUA) meeting for its Phase 3 Covid-19 drug, sabizabulin (VERU-111). Is this happening to you frequently? CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. By downloading from or viewing material on this website you agree to the following Terms of Service. 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. 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. "LifeMD uses technology to make health care more accessible to people from all walks of life. At just 150 patients, the trial is a . The Xometry Short Report. Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. And 9380 has actually been buying more stock in Aterian since it was acquired by the company. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Create an account to follow your favorite communities and start taking part in conversations. Aterian issued a press release to respond to the short attack. Mark Hake writes about personal finance on mrhake.medium.com, Newsbreak.com and Beehiiv.com. Our Team Account subscription service is for legal teams of four or more attorneys. I Got the 'SOS', So Here's My Take on the Stock's Saga The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. 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. Read the complaint here. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. But that attitude raises a few questions. That is because $36 includes all of company's business lines, not just RexMD. 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). 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. 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. Do these allegations sound legitimate or a . Blink Charging lower after short seller powers in with accusations 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. Did anyone read this? Some research into Culper Research : r/LFMD - reddit 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. Veru has a market capitalization of $750 million at $8.46 as of May 6. This implies that it could end up wasting a lot of its cash if the Phase 3 clinical study is not successful in obtaining FDA EUA approval. Verified account Protected Tweets @; Suggested users 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. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. 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. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. About Us| However, such information is presented as is, without warranty of any kind whether express or implied. Are u selling or still holding? 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 problem is it has just $116.1 million in cash as of Dec. 31 and is burning . exhibit at the Three Village Historical Society. Short-Seller's Note is Short on Credibility, LifeMD Says They short the company, post these reports, and reap the benefits of people over reacting. George Washington and the Culper Spy Ring - Stony Brook University 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. Defamation Suit Against Research Company Over Alleged 'Short-and 2023 InvestorPlace Media, LLC. Adam s cook | Culper Capital Partners These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. 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 . 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. culper research legit - creditsolutionexperts.com To make the world smarter, happier, and richer. Prosper Junior Bakiny has no position in any of the stocks mentioned. The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law. Use of Culper Research's("Culper") research is at your own risk. 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). All rights reserved. That's $100 million you paid. Making the world smarter, happier, and richer. Copyright 2023 ALM Global, LLC. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. That could potentially be a turning point for Veru stock. License our industry-leading legal content to extend your thought leadership and build your brand. At least we have some idea what the manipulation and block-trades that drove this down from $18 to $12 were (culper & friends getting into proper short position before dropping this report). Press question mark to learn the rest of the keyboard shortcuts. On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. This drop over the last month or so has torched like 9% of my portfolio, real quick. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. Im holding on to see the company response. Short-sellers take aim at Chinese blockchain firm SOS, shares tumble The Motley Fool recommends Aterian, Inc. An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. According to the accounting firm, the numbers are fine. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. what are you doing after this report? 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. For more information, visit https://ATL-DATA.com. CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. WOW Very BOLD and INTENSE claims made by Culper Research about Blink Charging Fraud!! Click to reserve your spot! 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. Veru Inc. (VERU) fell 6.7% after Culper Research released another short report on the oncology-focused biopharmaceutical company.Culper alleged in the report that at baseline, the. Five days later, the short report came public. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning through its cash. Research Materials about George Washington, the Culper Spy Ring, and the American Revolutionary War. The company generated about $23,100 in revenue for the first half of 2021. Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms financials, staffing, clients, news and events. The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. It stinks like a skunk to me, but Im not smart. Also, did you notice that there are now at least half a dozen law firms trolling for members to a class action lawsuit against Life? Learn More. Skip to Main Content. That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. Use of Culper Research's ("Culper") research is at your own risk. One concern is that the t otal a ddressable m arket ( TAM) for all forms of . Veru 's ( VERU -0.17%) stock dipped by 5.5% on Friday as of 10:49 a.m. Mariner Research Group - Deep research in a shallow world Copyright For instance, Culper Research alleges that LifeMD presents misleading information regarding its network of doctors and even uses unlicensed professionals "to dispense OTC medication.". Culper on Twitter: "Tomorrow's report features two felons, two alleged Create an account to follow your favorite communities and start taking part in conversations. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. 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. Site Map, Advertise| However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. The two short-sellers claimed that SOS stock was an . Treace Medical plunges on new short report from Culper Research Christian Lamarco - New York, New York, United States - LinkedIn Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Don't miss the crucial news and insights you need to make informed legal decisions. Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). 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. 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 . The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. Feel like going after another group of asshole short sellers trying to screw over us regular investors? These statements are based on CleanSpark's current beliefs and expectations. Spying is a secret business and thus research into it is most difficult. 1001 and 1030). They have a financial motivation for doing so -- they want the stock price to go down. Culper alleges that Core Scientific "wildly oversold" both its mining and hosting business. For more information, please see the SECs Web Site Privacy and Security Policy. 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. 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"). SOS Stock: Is it Buy the Bounce or Run Like Hell?
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