Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. The Austin-based company went public on the Nasdaq via a special purpose acquisition vehicle, or SPAC, in January 2022. 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. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. Why would the block trades be significantly lower than current stock price at the time? "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. 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 researcher is also highly unimpressed with the executives guiding the company. 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 . The Motley Fool has a disclosure policy. 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). 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. Nasdaq Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. Veru Stock Could Face Difficulties If the Culper Research Report Is True. 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. 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. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. "LifeMD uses technology to make health care more accessible to people from all walks of life. 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. CleanSpark has retained the law firm of Wilk Auslander LLP in connection with this matter and will be vigilant in investigating the sources of these misrepresentations, including the identity of those veiled behind the entity calling itself Culper Research. This suit was surfaced by Law.com Radar. Learn More. According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. About Us| A quick scroll through Culper's website yields very little in the way of personnel or address. Our 3 Top Picks. Agreed, this is pretty shitty but have to wait for the response. Veru has sales revenue from other medical assets it owns. Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. 831 Words4 Pages. For that matter, changing the name of your company a week before a short attack might make people nervous, too. 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. 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. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. culper research legitmichelle fleury ancestry. 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. 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. Culper Spy Ring Research Paper Intelligence provided by the Culper Spy Ring was instrumental in the defeat of the British during the Revolutionary War. 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. *Average returns of all recommendations since inception. On April 29, the company rebranded from Mohawk Group Holdings to Aterian. According to the accounting firm, the numbers are fine. If you have an ad-blocker enabled you may be blocked from proceeding. 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. Learn More. 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. No LFMD executives were charged. The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. Prosper Junior Bakiny has no position in any of the stocks mentioned. 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. Aterian issued a press release to respond to the short attack. Note: We do not offer technical support for developing or debugging scripted downloading processes. So the names of the defendants in the lawsuit against Redwood were as follows. The Motley Fool has a disclosure policy. Copyright 2023 InvestorPlace Media, LLC. Pretty brutal. 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. Research may contain forward-looking statements, estimates, projections, and opinions with respect to among other things, certain accounting, legal, and regulatory issues the issuerfaces and the potential impact of those issues on its future business, financial condition and results ofoperations, as well as more generally, the issuers anticipated operating performance, access to capitalmarkets, market conditions, assets and liabilities. This is set for next Tuesday, May 10. 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. 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. By downloading from or viewing material on this website you agree to the following Terms of Service. The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." Cost basis and return based on previous market day close. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . Not a Bloomberg Law Subscriber?Subscribe Now. 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. While the short report is lengthy, here is part of what Culper said. Customer Service| By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . 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. 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. For more information, please see the SECs Web Site Privacy and Security Policy. 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. Please. what are you doing after this report? Eric Volkman has no position in any of the stocks mentioned. 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 . When typing in this field, a list of search results will appear and be automatically updated as you type. The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. Thank you for your interest in the U.S. Securities and Exchange Commission. 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. 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. I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. 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. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. It looks very bad . 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. And 9380 has actually been buying more stock in Aterian since it was acquired by the company. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. License our industry-leading legal content to extend your thought leadership and build your brand. Press question mark to learn the rest of the keyboard shortcuts. Target Stock is Down Nearly 40% From Its High. 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. Click to reserve your spot! Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. Sign up below to get this incredible offer! In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. 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 . 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. exhibit at the Three Village Historical Society. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. I think the only scary about the report is that some executives at LifeMD, used to work at Redwood Scientific, which was shut down by FTC upon fraud. 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. Tickets are limited. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . One concern is that the t otal a ddressable m arket ( TAM) for all forms of . Culper also . WOW Very BOLD and INTENSE claims made by Culper Research about Blink Charging Fraud!! Our Team Account subscription service is for legal teams of four or more attorneys. to two felons and two alleged scam artists, all of whom will be free to dump their stock by August. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. For instance, Culper Research alleges that LifeMD presents misleading information regarding its network of doctors and even uses unlicensed professionals "to dispense OTC medication.". 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 . Are u selling or still holding? 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? Do these allegations sound legitimate or a . By using this site, you are agreeing to security monitoring and auditing. u/wallstreetbets crowd? 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. The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. 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. The report . Also he was allowed to treat patients via telehealth telehealth while on probation (src). 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. This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. Thus, we assign the incremental $18.0M to RexMD. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? Investors could turn away from the company in droves if the researcher's allegations have merit, however. Learn More. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. And changing your chief financial officer in the midst of this doesn't exactly reassure. These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." They have a financial motivation for doing so -- they want the stock price to go down. Law.com Radar publishes daily updates on just-filed federal cases like this one. 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. CleanSpark Investigates Anonymous Short Seller. Copyright On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. Nonetheless the six month delay in reporting is worrisome. You agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of this website or the material herein must be filed within one (1) year after such claim or cause of action arose or be forever barred. We reserve the right to block IP addresses that submit excessive requests. Feel like going after another group of asshole short sellers trying to screw over us regular investors? Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. Accounting issues always cause stress for investors. On the other hand, shorts are always future buyers of your stock. Investors might want to watch out. Like, within two days of the report, which just adds to the shadiness of the situation. What should investors make of the allegations brought forth by Culper Research? Is this a bad sign for your stock? The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. By downloading from or viewing material on this website you agree to the following Terms of Service. 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. The company did not report any news, but these losses are a result of a short-seller report issued by investigative research firm Culper Research. All rights reserved. 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. Making the world smarter, happier, and richer. The Culper Research report was also cited in a November 2022 class action lawsuit, which alleged that Core Scientific failed to disclose a series of adverse . 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. About Us. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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 . "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." On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). To other RS execs were laundering money (husband and wife). 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. The report seems to imply that Veru will be another failure just like other drug companies the management has run. Theres even room for more lines. Your article was successfully shared with the contacts you provided. 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. On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. Press question mark to learn the rest of the keyboard shortcuts. The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. 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.
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