On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. Did anyone read this? So let's take a look at what Culper is saying about Aterian. LFMD execs were not involved, and left the company. Under Mr. Cook's . 2023 InvestorPlace Media, LLC. Toggle Navigation Hindenburg Research. All rights reserved. I'm hoping one of you all much smarter people could help here and maybe start to connect some of these dots to pull down the veil a bit from these shady scumbags. 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. Invest better with The Motley Fool. Jan 21, 2021 1:53PM EST. Criminal Allegations, and an ICO Scam . 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. Veru has sales revenue from other medical assets it owns. from 8 AM - 9 PM ET. 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. Copyright 2023 Culper Research - All Rights Reserved. Read the complaint here. 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? 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. We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. Copyright 2023 ALM Global, LLC. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. This cant be right ? 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 . 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's $100 million you paid. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. 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 $60-70 million for PDFSimpli lol. Pretty brutal. Treace Medical Concepts (TMCI) dropped 17% after a new short report from Culper Research.Culper Research says it's short the stock.Treace Medical (TMCI) didn't immediately return. We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. Yes, in the short term, a short attack on a small cap will often send shares down, and Aterian's stock has dropped 35% since the report came out. 1125 N. Charles St, Baltimore, MD 21201. Clickhereto get started and be first to know about new suits in your region, practice area or client sector. Were short sellers putting together a scam? However, such information is presented as is, without warranty of any kind whether express or implied. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Im holding on to see the company response. This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. Use of Culper Research's("Culper") research is at your own risk. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. 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). 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. Use of Culper Research's ("Culper") research is at your own risk. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. $10/person - Space is limited. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning . 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.". 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. To make the world smarter, happier, and richer. 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. The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . Culper Spy Ring Research Paper Intelligence provided by the Culper Spy Ring was instrumental in the defeat of the British during the Revolutionary War. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Making the world smarter, happier, and richer. That could potentially be a turning point for Veru stock. 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. The report . Sometimes when there is "blood in the water" other shorts will jump in as well. 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. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Eric Volkman has no position in any of the stocks mentioned. lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery Published on June 1, 2022 June 3, 2022. Why would the block trades be significantly lower than current stock price at the time? 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. CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. No LFMD executives were charged. Research is not investment advice nor a recommendation or solicitation to buy securities. Is this happening to you frequently? On the other hand, shorts are always future buyers of your stock. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. 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. Also he was allowed to treat patients via telehealth telehealth while on probation (src). 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. Learn More. 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. LexisNexis and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information. Research Materials about George Washington, the Culper Spy Ring, and the American Revolutionary War. 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 Patriots (colonists) were fighting against the British, in this war. Credit Solution Experts Incorporated offers quality business credit building services, which includes an easy step-by-step system designed for helping clients build their business credit effortlessly. 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. 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 . 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. Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. Yes, it's horrible and I don't know what to do now. 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? *Average returns of all recommendations since inception. 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. To hide from slander cases, perhaps?). Click to reserve your spot! 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 Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. For some reason, Jacob appears to be very opposed to crypto which may tie in to Culper's short attacks on $SOS, but that is pure speculation on my part. Veru has a market capitalization of $750 million at $8.46 as of May 6. 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. 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. Value oriented and event driven investor. The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. 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. CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. 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. But that attitude raises a few questions. License our industry-leading legal content to extend your thought leadership and build your brand. 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. 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. Guys, this is a classic short attack. Time to Buy? 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. I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. 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. Law.com Radar publishes daily updates on just-filed federal cases like this one. 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. The Motley Fool has a disclosure policy. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. So the names of the defendants in the lawsuit against Redwood were as follows. For that matter, changing the name of your company a week before a short attack might make people nervous, too. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. Did they not look into this and see all this??? All rights reserved. Agreed, this is pretty shitty but have to wait for the response. The case is 2:21-cv-01273, Lifemd, Inc et al v. Lamarco et al. culper research legitmichelle fleury ancestry. 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. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . Veru Stock Could Face Difficulties If the Culper Research Report Is True. What kind of manipulation and block trades? Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. . 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 . Cost basis and return based on previous market day close. *Average returns of all recommendations since inception. 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 . These statements are based on CleanSpark's current beliefs and expectations. 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. 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. Join The Legal Intelligencer now! An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. Veru has a market capitalization of $750 million at $8.46 as of May 6. 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. 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. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? Do these allegations sound legitimate or a . The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. 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.
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