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. It's important to remember that there are two sides to every story. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. 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. Learn More. What kind of manipulation and block trades? To make the world smarter, happier, and richer. 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. 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. 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. This cant be right ? *Average returns of all recommendations since inception. That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. Not a Bloomberg Law Subscriber?Subscribe Now. 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). We look for stocks with the potential for big moves in the near future up or down. The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. . Yes, it works for cancers, but it does the same to all normal tissue. At just 150 patients, the trial is a . 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. 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. On October 31, 2019, Culper Research published a scathing report detailing reasons Culper Research believes the Company's internal review "was a farce, and shares are ultimately worthless." Nasdaq Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. All rights reserved. A company that relies on acquisitions to make its revenue go up can be hiding a sales deterioration in the existing business. 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. Published on June 1, 2022 June 3, 2022. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." 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. The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." Veru 's ( VERU -0.17%) stock dipped by 5.5% on Friday as of 10:49 a.m. 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. Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. from 8 AM - 9 PM ET. Use of Culper Research's ("Culper") research is at your own risk. 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. 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. 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. "We believe that the Company has . To other RS execs were laundering money (husband and wife). Veru has a market capitalization of $750 million at $8.46 as of May 6. According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. VERU stock remains an extremely risky bet today. Published. Skip to Main Content. The Xometry Short Report. CLEANSPARK INVESTIGATING SHORT SELLER CULPER RESEARCH . The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law. Read the complaint here: To view this content, please continue to their sites. Read the complaint here. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. And, the marketing expense for RexMD by Culper is just an "estimate". Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. Docent led tours every 30 minutes of the Spies! Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. 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. 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 . Reddit and its partners use cookies and similar technologies to provide you with a better experience. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. For more information, contact opendata@sec.gov. Theres even room for more lines. 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). 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. 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 industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. *Average returns of all recommendations since inception. All rights reserved. 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. However, such information is presented as is, without warranty of any kind whether express or implied. Veru has sales revenue from other medical assets it owns. 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). 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. On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. 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. Taylor Carmichael has no position in any of the stocks mentioned. Please. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). Thus, we assign the incremental $18.0M to RexMD. 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. 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 . 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 . 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? By downloading from or viewing material on this website you agree to the following Terms of Service. Did they not look into this and see all this??? 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 . Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. 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. 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. On Friday, Hindenburg Research and Culper Research released scathing reports on SOS Ltd (NYSE: SOS ), a Chinese cryptocurrency mining company. Use of Culper Research's("Culper") research is at your own risk. Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. 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. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. "LifeMD uses technology to make health care more accessible to people from all walks of life. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. Aterian issued a press release to respond to the short attack. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. 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 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 . 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Im holding on to see the company response. 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. 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. 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 . The Motley Fool recommends Aterian, Inc. Toggle Navigation Hindenburg Research. 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/. Also he was allowed to treat patients via telehealth telehealth while on probation (src). Is This Warren Buffett Stock a Buy After Its Dividend Boost? 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 describes Xometry as "an increasingly commoditized middleman for engineers and tinkerers seeking prototyping and small run parts," a description that matches our recent piece on Distributed Manufacturing - A Case Study Unfolding. to two felons and two alleged scam artists, all of whom will be free to dump their stock by August. A recent report by Culper Research contains numerous false and misleading statements about our company. 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! 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. On April 29, the company rebranded from Mohawk Group Holdings to Aterian. 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. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . 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? 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. How valuable are the assets if you can't trust the sales numbers? About Us. Pretty brutal. "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." If you have an ad-blocker enabled you may be blocked from proceeding. To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. I bought calls just before market close yesterday lol fuck my life. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . Research is not investment advice nor a recommendation or solicitation to buy securities. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) Lorem ipsum dolor sit amet, consectetur adipiscing elit. 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. 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. 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. Making the world smarter, happier, and richer. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. To make the world smarter, happier, and richer. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. What Is the Best EV Stock to Buy Now? Is this happening to you frequently? The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. 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. Copyright 2023 ALM Global, LLC. The problem is this is a highly speculative play for most investors. culper research legitsan juan airport restaurants hours. culper research legitmichelle fleury ancestry. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. quotes delayed at least 15 minutes, all others at least 20 minutes. A quick scroll through Culper's website yields very little in the way of personnel or address. After they cash in on the Short, they then turn around and ride the wave back up, which happens to most companies they've done this to. Press question mark to learn the rest of the keyboard shortcuts. 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. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. LFMD responded to short report, denying the claims and will report something in detail soon. Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. Managing Partner, Chief Investment Officer. Verified account Protected Tweets @; Suggested users Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Invest better with The Motley Fool. Create an account to follow your favorite communities and start taking part in conversations. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. So let's take a look at what Culper is saying about Aterian. 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.". 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. Spying is a secret business and thus research into it is most difficult. The second major issue the Culper report has with Veru is the quality of management. Use of Culper Research's ("Culper") research is at your own risk. CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . 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. We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. They short the company, post these reports, and reap the benefits of people over reacting. What should investors make of the allegations brought forth by Culper Research? Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. Guys, this is a classic short attack. We reserve the right to block IP addresses that submit excessive requests. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 Cost basis and return based on previous market day close.