REKR reported $245,000 in Oklahoma revenue for itself, and $1,000,000 in revenue for the state of Oklahoma - "over 25,000" notices of non-compliance were issued, but REKR . They short the company, post these reports, and reap the benefits of people over reacting. ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . what are you doing after this report? 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. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. On the other hand, shorts are always future buyers of your stock. Published on June 1, 2022 June 3, 2022. In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. 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? 2023 InvestorPlace Media, LLC. 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 . 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. CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. Will Aterian stock recover from this short attack? $10/person - click to reserve your spot! Contact Us| 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). SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . 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. 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. 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. 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. 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. Hindenburg Research - Investigative Research & Reporting Both options are priced the same. 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. Please declare your traffic by updating your user agent to include company specific information. Yes, it's horrible and I don't know what to do now. Why Veru Stock Plummeted on Monday | The Motley Fool As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. 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. 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. Feel like going after another group of asshole short sellers trying to screw over us regular investors? 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. The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. Investors could turn away from the company in droves if the researcher's allegations have merit, however. 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? About Us| The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. 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. . 1125 N. Charles St, Baltimore, MD 21201. This suit was surfaced by Law.com Radar. That is because $36 includes all of company's business lines, not just RexMD. 1001 and 1030). 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 book talks about a group of spies known as the culper spy ring. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Not a Bloomberg Law Subscriber?Subscribe Now. 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. Veru Stock Could Face Difficulties If the Culper Research Report Is True Invest better with The Motley Fool. Nasdaq No LFMD executives were charged. 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. A recent report by Culper Research contains numerous false and misleading statements about our company. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . We reserve the right to block IP addresses that submit excessive requests. I do wish to raise two issues: Rivington and my background. Also, apparently, most of the patients in the study were outside of the U.S. 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. 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. Tickets are limited. 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). 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? Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! 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! This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. Holders of short positions trade on an expected decline in the price of a stock. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . Are u selling or still holding? On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. Veru has not yet officially responded to Culper's accusations, which are worrying. This drop over the last month or so has torched like 9% of my portfolio, real quick. 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. Did these scumbags have any insider information? If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. And, the marketing expense for RexMD by Culper is just an "estimate". 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. Research Materials about George Washington, the Culper Spy Ring, and the American Revolutionary War. Veru has a market capitalization of $750 million at $8.46 as of May 6. 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. 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. Pretty brutal. 831 Words4 Pages. Your article was successfully shared with the contacts you provided. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. Making the world smarter, happier, and richer. The Patriots (colonists) were fighting against the British, in this war. Learn More. TICKETED EVENTS on Culper Spy Day. 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 . CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. To make the world smarter, happier, and richer. 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. Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. 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. Down 94%, Is Carvana Stock a Buy-the-Dip Opportunity? Published. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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"). 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. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Short-sellers take aim at Chinese blockchain firm SOS, shares tumble u/wallstreetbets crowd? Core Scientific Short report by Culper research Deep Dive All Rights Reserved. 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. 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. 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. Culper also . George Washington's Culper Spy Ring: Separating Fact from Fiction 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. This cant be right ? CleanSpark Investigating Short Seller Culper Research | Nasdaq 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. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Investigation Alert: Kessler Topaz Meltzer & Check, LLP is 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. Lawsuit filed for Investors in shares of SOS Limited (NYSE: SOS) CleanSpark takes seriously any accusations of impropriety, stands behind its prior statements and disclosures, and will not tolerate unfounded and reckless claims against the Company. 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. 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. If you can't trust management, or its numbers, you really shouldn't be in a stock. 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. Only bright sides I can see are that none of the allegations suggest that the revenue is fake, so were still talking about a company poised to do $90M in rev this year, and that management will know theyre under a microscope and should be incentivized to clean up their act. Treace Medical plunges on new short report from Culper Research Were short sellers putting together a scam? 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. Research is not investment advice nor a recommendation or solicitation to buy securities. It's important to remember that there are two sides to every story. However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. Press question mark to learn the rest of the keyboard shortcuts. Law Firm Investigating Bitcoin Miner Core Scientific for Alleged SOS Stock: Is it Buy the Bounce or Run Like Hell? 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. 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. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. So let's take a look at what Culper is saying about Aterian. 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 . 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. Our Team Account subscription service is for legal teams of four or more attorneys. Use of Culper Research's ("Culper") research is at your own risk. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. CleanSpark Investigates Anonymous Short Seller. In 5 minutes of searching, you can see they take partial truths and exaggerate them. 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. 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? Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. culper research legit Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. They have a financial motivation for doing so -- they want the stock price to go down. So the names of the defendants in the lawsuit against Redwood were as follows. 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. Aterian (f.k.a. $3.6MM ADDITIONAL, PREVIOUSLY CONCEALED, RELATED PARTY - Yahoo! 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 on Twitter Please disable your ad-blocker and refresh. 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 . 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. 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. Mariner Research Group - Deep research in a shallow world If Justin and Stefan were involved in anyway they would have been on the list of named defendants. 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. SEC.gov | HOME 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. For more information, contact opendata@sec.gov. 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. 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. But there are some warning signs here. Jan 21, 2021 1:53PM EST. 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.. 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. Aterian issued a press release to respond to the short attack. 1125 N. Charles St, Baltimore, MD 21201. Learn More. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. I bought this stock after Citron recommended it. Is this happening to you frequently? 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. Veru has a market capitalization of $750 million at $8.46 as of May 6. For example, the Culper Research report alleges the entire February 2020 acquisition of p2k Labs, Inc. is "another undisclosed related party transaction, as CleanSpark's CFO Lori Love is found . Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. 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. Docent led tours every 30 minutes of the Spies! Culper on Twitter Sucks. Culper Spy Ring Research Paper Intelligence provided by the Culper Spy Ring was instrumental in the defeat of the British during the Revolutionary War. 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.
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