The second major issue the Culper report has with Veru is the quality of management. "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." The Patriots (colonists) were fighting against the British, in this war. 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. Customer Service| All rights reserved. Is this happening to you frequently? For example, if it has to redesign the study and start from scratch the costs could go up. Is this a bad sign for your stock? 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. 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. Here's what the company said in part. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. What kind of manipulation and block trades? Research is not investment advice nor a recommendation or solicitation to buy securities. Docent led tours every 30 minutes of the Spies! *Average returns of all recommendations since inception. Eric Volkman has no position in any of the stocks mentioned. Use of Culper Research's ("Culper") research is at your own risk. I do wish to raise two issues: Rivington and my background. "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. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. 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). A company that relies on acquisitions to make its revenue go up can be hiding a sales deterioration in the existing business. Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. Press question mark to learn the rest of the keyboard shortcuts. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. However, such information is presented as is, without warranty of any kind whether express or implied. The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. Skip to Main Content. 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 . According to the accounting firm, the numbers are fine. Yes, it's horrible and I don't know what to do now. What Is the Best EV Stock to Buy Now? Aterian (f.k.a. culper research legitsan juan airport restaurants hours. 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. For questions call 1-877-256-2472 or contact us at [emailprotected], Shearman and Hogan Lovells Call Off Merger Talks, Early Reports: 2023 Am Law 200 Financials, Beyond Excess Capacity, Pooled Services and Automation Expedite Staff Layoffs, Dozens of Law Firms Grew Their Equity Partner Tier, Even as Profits and Demand Plummeted. 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. Read the complaint here. Five days later, the short report came public. The Motley Fool recommends Aterian, Inc. Use of Culper Research's("Culper") research is at your own risk. Holders of short positions trade on an expected decline in the price of a stock. Apparently, this was not the case . 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? Read the complaint here: To view this content, please continue to their sites. Law.com Radar publishes daily updates on just-filed federal cases like this one. 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. $10/person - Space is limited. CLEANSPARK INVESTIGATING SHORT SELLER CULPER RESEARCH . VERU stock remains an extremely risky bet today. At just 150 patients, the trial is a . CleanSpark Investigating Short Seller Culper Research. 2023 InvestorPlace Media, LLC. Investors might want to watch out. 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. The Austin-based company went public on the Nasdaq via a special purpose acquisition vehicle, or SPAC, in January 2022. 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. The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." Please. 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. 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 . Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. At this point, the connection between all these entities and Culper is unclear, beyond the fact that Culper posted the response to Ma-Weaver/Cable Car Capital's SEC FOIA request back in December. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? Jan 21, 2021 1:53PM EST. Law360 (September 20, 2021, 7:52 PM EDT) -- A negative report from stock research firm Culper Research about telehealth company LifeMD Inc. was part of a "short and distort" stock scheme to defame . Invest better with The Motley Fool. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. Please disable your ad-blocker and refresh. The Motley Fool has a disclosure policy. 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 . Did these scumbags have any insider information? For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. 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. As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. 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. 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. That's $100 million you paid. In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, CleanSpark Reports First Quarter FY2023 Financial Results, CleanSpark Reports Fourth Quarter and Year End FY2022 Financial Results. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . Research Materials about George Washington, the Culper Spy Ring, and the American Revolutionary War. Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. u/wallstreetbets crowd? 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 . With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. 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 http://www.culperresearch.com The failure of Culper to exercise or enforce any right or provision of these Terms of Service shall not constitute a waiver of this right or provision. $10/person - click to reserve your spot! Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. 10 czerwca 2022 For more information, contact opendata@sec.gov. 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. More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. Accounting issues always cause stress for investors. 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. what are you doing after this report? 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. Published. Copyright 2023 ALM Global, LLC. 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. Research is not investment advice nor a recommendation or solicitation to buy securities. Thank you for your interest in the U.S. Securities and Exchange Commission. But they were not involved in any fraudulent activity. 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. That is because $36 includes all of company's business lines, not just RexMD. 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. Veru has a market capitalization of $750 million at $8.46 as of May 6. Cost basis and return based on previous market day close. 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. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. That's what happened to the shorts in the Gamestopfrenzy earlier this year. | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn Prosper Junior Bakiny has no position in any of the stocks mentioned. These statements are based on CleanSpark's current beliefs and expectations. TICKETED EVENTS on Culper Spy Day. Use of Culper Research's ("Culper") research is at your own risk. Did anyone read this? Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. 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. On the other hand, shorts are always future buyers of your stock. 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. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. We reserve the right to block IP addresses that submit excessive requests. 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.
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