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. Read the complaint here: To view this content, please continue to their sites. The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. How valuable are the assets if you can't trust the sales numbers? Use of Culper Research's ("Culper") research is at your own risk. Do these allegations sound legitimate or a . In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . For example, if it has to redesign the study and start from scratch the costs could go up. Prior to co-founding Culper Capital Partners, he served as Majority Shareholder, Chairman & CEO of Glebar Company ("Glebar"), a role which he held from April 2013 to March 2020. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The Patriots (colonists) were fighting against the British, in this war. Invest better with The Motley Fool. 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 . We reserve the right to block IP addresses that submit excessive requests. Mark Hake writes about personal finance on mrhake.medium.com, Newsbreak.com and Beehiiv.com. 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. All rights reserved. Making the world smarter, happier, and richer. 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. If you can't trust management, or its numbers, you really shouldn't be in a stock. A recent report by Culper Research contains numerous false and misleading statements about our company. 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. Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. Docent led tours every 30 minutes of the Spies! 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. Published on June 1, 2022 June 3, 2022. Research Materials about George Washington, the Culper Spy Ring, and the American Revolutionary War. 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. best hunting game for oculus quest 2 culper research legit. The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? The problem is this is a highly speculative play for most investors. 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. 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. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . Note: We do not offer technical support for developing or debugging scripted downloading processes. 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 Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. 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. 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. On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. 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. 1125 N. Charles St, Baltimore, MD 21201. Culper Research alleges that the company appears to use unlicensed doctors to dispense OTC medications. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 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 Motley Fool has a disclosure policy. Taylor Carmichael has no position in any of the stocks mentioned. And changing your chief financial officer in the midst of this doesn't exactly reassure. The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. Did they not look into this and see all this??? Please disable your ad-blocker and refresh. But there are some warning signs here. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. 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. 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. . Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. On April 29, the company rebranded from Mohawk Group Holdings to Aterian. 1001 and 1030). 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 . In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. Prosper Junior Bakiny has no position in any of the stocks mentioned. Theres even room for more lines. Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). Veru has a market capitalization of $750 million at $8.46 as of May 6. VERU stock remains an extremely risky bet today. 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 . Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The Motley Fool has a disclosure policy. *Average returns of all recommendations since inception. To make the world smarter, happier, and richer. Press question mark to learn the rest of the keyboard shortcuts. Guys, this is a classic short attack. 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"). 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. 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. At just 150 patients, the trial is a . 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. Down 94%, Is Carvana Stock a Buy-the-Dip Opportunity? The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. Culper Research, an activist short-seller that in its words "seek[s] to expose companies which have misrepresented their operations, failed to disclose significant risks, misappropriated capital . 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. Growing Mineola firm with national practice seeks associate (with 3-6 years experience) to handle complex general liability matters.Competit CASH KRUGLER & FREDERICKS LLC is Celebrating Our 20th Anniversary & Newest Partners! 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. 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. The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law. That could potentially be a turning point for Veru stock. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. Investors might want to watch out. Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. Spying is a secret business and thus research into it is most difficult. 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. Honestly, we are letting them win with this plummeting over-reaction. According to the accounting firm, the numbers are fine. u/wallstreetbets crowd? 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. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. A quick scroll through Culper's website yields very little in the way of personnel or address. 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. 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. For more information, please see the SECs Web Site Privacy and Security Policy. 2023 InvestorPlace Media, LLC. Read the complaint here. 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. Does someone more knowledgeable than me have any insight into these numbers ? To make the world smarter, happier, and richer. Pretty brutal. It's important to remember that there are two sides to every story. Where This Leaves Investors in Veru Stock. Your article was successfully shared with the contacts you provided. More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. 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. 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 . Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. 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. Not a Bloomberg Law Subscriber?Subscribe Now. This cant be right ? By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. *Average returns of all recommendations since inception. 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. Why would the block trades be significantly lower than current stock price at the time? $10/person - click to reserve your spot! This suit was surfaced by Law.com Radar. 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? | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn What kind of manipulation and block trades? 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. License our industry-leading legal content to extend your thought leadership and build your brand. 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. LFMD responded to short report, denying the claims and will report something in detail soon. The Company also owns and operates a fleet of over 3,400 ASIC (application-specific integrated circuit) Bitcoin miners producing over 200 PH/s in mining capacity. Value oriented and event driven investor. 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. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? 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. 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. Create an account to follow your favorite communities and start taking part in conversations. Cost basis and return based on previous market day close. The Austin-based company went public on the Nasdaq via a special purpose acquisition vehicle, or SPAC, in January 2022. LFMD execs were not involved, and left the company. Published. 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. 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Click to reserve your spot! Eric Volkman has no position in any of the stocks mentioned. The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. Five days later, the short report came public. All Rights Reserved. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. 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. "LifeMD uses technology to make health care more accessible to people from all walks of life. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. 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). A company that relies on acquisitions to make its revenue go up can be hiding a sales deterioration in the existing business. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? 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. 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 think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. 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.
How To Ask Someone If You Offended Them, Dr Morimori And Moa Still Together, Oakland County Jail Inmate Search, Keller Williams Operating Principal Job Description, Wpgc Radio Personalities, Articles C
How To Ask Someone If You Offended Them, Dr Morimori And Moa Still Together, Oakland County Jail Inmate Search, Keller Williams Operating Principal Job Description, Wpgc Radio Personalities, Articles C