Where This Leaves Investors in Veru 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. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! 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? . These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." 10 czerwca 2022 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). culper research legitsan juan airport restaurants hours. Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. Value oriented and event driven investor. Making the world smarter, happier, and richer. 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 . 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. The Great CytoDyn (OTCQB: CYDY) Bear Raid Fails to Impress 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. 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. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . Will Aterian stock recover from this short attack? Customer Service| 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. Verified account Protected Tweets @; Suggested users Through its wholly owned subsidiary ATL Data Centers LLC, CleanSpark owns and operates a data center that provides customers with traditional on-site and cloud-based data center services. 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. 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. Use of Culper Research's ("Culper") research is at your own risk. 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. Investors could turn away from the company in droves if the researcher's allegations have merit, however. Research is not investment advice nor a recommendation or solicitation to buy securities. u/wallstreetbets crowd? I have not but wouldn't it stand to reason that a smaller company entering the space would need to spend more to build brand awareness? 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. Did anyone read this? While the short report is lengthy, here is part of what Culper said. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. Telehealth Co. Accuses Short Sellers Of Defamation-For-Profit Toggle Navigation Hindenburg Research. Culper Short Report : r/LFMD - reddit 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. 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. George Washington's Culper Spy Ring: Separating Fact from Fiction This implies that it could end up wasting a lot of its cash if the Phase 3 clinical study is not successful in obtaining FDA EUA approval. Mark Hake writes about personal finance on mrhake.medium.com, Newsbreak.com and Beehiiv.com. To make the world smarter, happier, and richer. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. Research is not investment advice nor a recommendation or solicitation to buy securities. For example, if it has to redesign the study and start from scratch the costs could go up. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 1125 N. Charles St, Baltimore, MD 21201. Treace Investor Alert - Treace Medical Concepts (NASDAQ:TMCI) Culper Research Credit Solution Experts Incorporated offers quality business credit building services, which includes an easy step-by-step system designed for helping clients build their business credit effortlessly. 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. Pretty brutal. Blink Charging (NASDAQ: BLNK) trades lower after short seller Culper Research calls the company a scheme to pillage minority investors to the benefit of insiders. lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery Our 3 Top Picks. CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. Click to reserve your spot! WOW Very BOLD and INTENSE claims made by Culper Research about Blink Charging Fraud!! LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. I do wish to raise two issues: Rivington and my background. The Xometry Short Report. 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. This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. Some research into Culper Research. LifeMD falls after new short call from Culper Research Prosper Junior Bakiny has no position in any of the stocks mentioned. Create an account to follow your favorite communities and start taking part in conversations. https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. And changing your chief financial officer in the midst of this doesn't exactly reassure. That's what happened to the shorts in the Gamestopfrenzy earlier this year. Research Materials about George Washington, the Culper Spy Ring, and the American Revolutionary War. We reserve the right to block IP addresses that submit excessive requests. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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.". The book talks about a group of spies known as the culper spy ring. Like, within two days of the report, which just adds to the shadiness of the situation. 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. 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 Motley Fool has a disclosure policy. 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. . If too many people are short a stock, the trade might flip on them, and a short squeeze might take place, causing the stock to zoom higher. The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. 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. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. Eric Volkman has no position in any of the stocks mentioned. Veru has not yet officially responded to Culper's accusations, which are worrying. Please disable your ad-blocker and refresh. 2023 InvestorPlace Media, LLC. The second major issue the Culper report has with Veru is the quality of management. 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? Miracle Cures and Murder For Hire: How A Spoon-Bending Turkish Magician Built A $600 Million Nasdaq-Listed Scam Based On A Lifetime Of Lies. 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. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. $10/person - Space is limited. culper research owner - CLARVI 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. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. Core Scientific stock drops after new short call from Culper Research The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Please declare your traffic by updating your user agent to include company specific information. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. Yes, in the short term, a short attack on a small cap will often send shares down, and Aterian's stock has dropped 35% since the report came out. LFMD responded to short report, denying the claims and will report something in detail soon. 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 . 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. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Copyright 2023 Culper Research - All Rights Reserved. CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . 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. According to the accounting firm, the numbers are fine. It is our view that the Oklahoma revenue opportunity is just 1/28 th (1.6MM/45MM) of or 96% lower than what Berman intimated during the investor presentation.. REKR's first quarter 2021 earnings corroborate our view. The Motley Fool has no position in any of the stocks mentioned. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. Investors might want to watch out. 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. 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. LifeMD, Inc. v. Lamarco, Civil Action 2:21-cv-1273 - Casetext The Motley Fool has a disclosure policy. Thank you for your interest in the U.S. Securities and Exchange Commission. 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. As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. 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. 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. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Treace Shareholder Action Reminder - Treace Medical Concepts (NASDAQ All Rights Reserved. About Us. The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. Investigation Alert: Kessler Topaz Meltzer & Check, LLP is 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. 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.". Copyright 2023 InvestorPlace Media, LLC. Investor Alert: Kaplan Fox Investigates Potential - GlobeNewswire News Room 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., $SOS. All expressions of opinion are subject to change without notice, and Culper does not undertake to update or supplement this report or any of the information contained herein. Why LifeMD Stock Is Getting Crushed Today | The Motley Fool Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. Invest better with The Motley Fool. 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. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. TICKETED EVENTS on Culper Spy Day. The two short-sellers claimed that SOS stock was an . The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. Thus, we assign the incremental $18.0M to RexMD. Culper alleges that Core Scientific "wildly oversold" both its mining and hosting business. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! The problem is this is a highly speculative play for most investors. All rights reserved. Terms of Service. The researcher is also highly unimpressed with the executives guiding the company. On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. 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 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. 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. 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. Use of Culper Research's ("Culper") research is at your own risk. If you have an ad-blocker enabled you may be blocked from proceeding. 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. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. 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. Press question mark to learn the rest of the keyboard shortcuts. Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. Agreed, this is pretty shitty but have to wait for the response. Read the complaint here. By downloading from or viewing material on this website you agree to the following Terms of Service. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium 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 . ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. 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. And 9380 has actually been buying more stock in Aterian since it was acquired by the company. 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. Theres even room for more lines. SEC.gov | HOME Published. They do this behind a wall of relative anonymity which is curious given their apparent altruistic intentions of "protecting investors" would lend you to think they would want to be praised for their support for all the poor little guys like us.

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