Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. from 8 AM - 9 PM ET. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law. 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? (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) 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'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. 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. The Motley Fool has a disclosure policy. He was the original owner of Roe Tavern in Setauket,N.Y. 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. culper research legitmichelle fleury ancestry. 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. For that matter, changing the name of your company a week before a short attack might make people nervous, too. 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. best hunting game for oculus quest 2 culper research legit. 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 . A company that relies on acquisitions to make its revenue go up can be hiding a sales deterioration in the existing business. Mariner Research Group - Deep research in a shallow world *Average returns of all recommendations since inception. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. Target Stock is Down Nearly 40% From Its High. Holders of short positions trade on an expected decline in the price of a stock. Honestly, we are letting them win with this plummeting over-reaction. Telehealth Co. Accuses Short Sellers Of Defamation-For-Profit Terms of Service. Tickets are limited. Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. 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.. *Average returns of all recommendations since inception. Use of Culper Research's("Culper") research is at your own risk. CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. 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 . You agree that the information on this website is copyrighted, and you therefore agree not to distribute this information (whether the downloaded file, copies / images / reproductions, or the link to these files) in any manner other than by providing the following link . Read the complaint here: To view this content, please continue to their sites. 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. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? 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. The Motley Fool has no position in any of the stocks mentioned. exhibit at the Three Village Historical Society. 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. $3.6MM ADDITIONAL, PREVIOUSLY CONCEALED, RELATED PARTY - Yahoo! Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Yes, it works for cancers, but it does the same to all normal tissue. CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. 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 . Alpilean Reviews 2023 - Scam or Legit (Update Alpilean Supplement 2023 And, the marketing expense for RexMD by Culper is just an "estimate". Use of Culper Research's ("Culper") research is at your own risk. 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"). On the other hand, the stock dropped 25% . Veru Stock Could Face Difficulties If the Culper Research Report Is True. That could potentially be a turning point for Veru stock. 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. Do these allegations sound legitimate or a . According to the accounting firm, the numbers are fine. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . Taylor Carmichael has no position in any of the stocks mentioned. CleanSpark Investigating Short Seller Culper Research | Nasdaq 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. Invest better with The Motley Fool. 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. 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.". The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Like, within two days of the report, which just adds to the shadiness of the situation. The Austin-based company went public on the Nasdaq via a special purpose acquisition vehicle, or SPAC, in January 2022. PDF Disclaimer - IA Rugby.com Some research into Culper Research. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Culper Research The Motley Fool recommends Aterian, Inc. 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. A quick scroll through Culper's website yields very little in the way of personnel or address. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Culper Short Report : r/LFMD - reddit Culper on Twitter We look for stocks with the potential for big moves in the near future up or down. It looks very bad . Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Adam s cook | Culper Capital Partners I need to wait for management's response and the Q1 earnings release to really make an opinion on the merits of this short report. Published on June 1, 2022 June 3, 2022. I do wish to raise two issues: Rivington and my background. Site Map, Advertise| On May 4, an anonymous short seller, "Culper Research," launched an attack on Aterian (ATER), a company that uses artificial intelligence to find, acquire, and launch popular consumer goods businesses. *Average returns of all recommendations since inception. Spying is a secret business and thus research into it is most difficult. Join The Legal Intelligencer now! That's $100 million you paid. Our 3 Top Picks. No LFMD executives were charged. At just 150 patients, the trial is a . 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. Value oriented and event driven investor. So the names of the defendants in the lawsuit against Redwood were as follows. 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. 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 . 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 . Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. Clickhereto get started and be first to know about new suits in your region, practice area or client sector. However, such information is presented as is, without warranty of any kind whether express or implied. Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. Both options are priced the same. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. VERU Stock Could Face Difficulties If the Culper Research Report Is Culper alleges that Core Scientific "wildly oversold" both its mining and hosting business. 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, possess accounting irregularities, or otherwise deceived investors," published a blistering report on its short position in Veru. culper research owner - CLARVI 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). 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. Veru (VERU -35.98%) has found itself the target of a short-seller, and as a result the biotech company's shares took a more than 12% hit on an otherwise upbeat Monday for the wider stock market. Not only has Aterian has not disclosed that its largest acquisition was from a felon who served prison time, but despite 5 elapsed months, the Company has failed to provide audited financials for the Smash Assets, leaving its S-3 shelf filing ineligible. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Copyright 2023 InvestorPlace Media, LLC. Does someone more knowledgeable than me have any insight into these numbers ? If you have an ad-blocker enabled you may be blocked from proceeding. 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. culper research legit Will Aterian stock recover from this short attack? Im holding on to see the company response. Please disable your ad-blocker and refresh. Defamation Suit Against Research Company Over Alleged 'Short-and Culper also . 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. 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. 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. TICKETED EVENTS on Culper Spy Day. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. 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. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. 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. They short the company, post these reports, and reap the benefits of people over reacting. 1001 and 1030). Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. On the other hand, shorts are always future buyers of your stock. For more information, visit https://ATL-DATA.com. Jan 21, 2021 1:53PM EST. 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. Veru has a market capitalization of $750 million at $8.46 as of May 6. Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. Down 94%, Is Carvana Stock a Buy-the-Dip Opportunity? Press question mark to learn the rest of the keyboard shortcuts. Managing Partner, Chief Investment Officer. SEC.gov | HOME Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Sucks. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. The publisher of this false . But they were not involved in any fraudulent activity. 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. 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. Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. 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. I bought calls just before market close yesterday lol fuck my life. 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. Law Firm Investigating Bitcoin Miner Core Scientific for Alleged 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. Apparently, this was not the case . For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. 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. The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. "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." Pretty brutal. 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. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . 1125 N. Charles St, Baltimore, MD 21201. Is this happening to you frequently? 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. $10/person - Space is limited. 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. Press question mark to learn the rest of the keyboard shortcuts. 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. 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? LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. The company generated about $23,100 in revenue for the first half of 2021. Investors might want to watch out. Investor Alert: Kaplan Fox Investigates Potential - GlobeNewswire News Room "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. 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 the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. If you can't trust management, or its numbers, you really shouldn't be in a stock. Culperspyday Tri-Spy Tours Between the Hindenburg "Report" (a series of tweets), some firm called Culper Research (who seems to have a mediocre track record), and multiple YouTube videos, investors have a lot to consider. Veru has sales revenue from other medical assets it owns. By downloading from or viewing material on this website you agree to the following Terms of Service. 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.