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. 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. 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. $10/person - click to reserve your spot! One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. LFMD responded to short report, denying the claims and will report something in detail soon. 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. 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? 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. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. The Motley Fool has a disclosure policy. Is this a bad sign for your stock? To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . 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. Making the world smarter, happier, and richer. "LifeMD uses technology to make health care more accessible to people from all walks of life. Cost basis and return based on previous market day close. Sometimes when there is "blood in the water" other shorts will jump in as well. Short-sellers Hindenburg Research and Culper Research said on Friday they have taken a short position on Chinese blockchain firm SOS Ltd's stock, sending the company's shares down 23%. What Joseph L. Rini Knows, Attorney Rachel Y. Marshall A Pillar of Strength for the Community, SpotDraft Raises $26 Million in Series A Funding for AI-Powered Legal Software. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. Managing Partner, Chief Investment Officer. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. 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. LFMD execs were not involved, and left the company. More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. The Motley Fool has a disclosure policy. 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. 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. 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. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. Yes, it works for cancers, but it does the same to all normal tissue. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 In this conversation. Criminal Allegations, and an ICO Scam . Taylor Carmichael has no position in any of the stocks mentioned. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. That could potentially be a turning point for 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. exhibit at the Three Village Historical Society. However, such information is presented as is, without warranty of any kind whether express or implied. In the near term, anything can happen to a stock price. The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." So let's take a look at what Culper is saying about Aterian. 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. 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. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 1125 N. Charles St, Baltimore, MD 21201. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . to two felons and two alleged scam artists, all of whom will be free to dump their stock by August. In 5 minutes of searching, you can see they take partial truths and exaggerate them. Is this happening to you frequently? Spying is a secret business and thus research into it is most difficult. 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. Target Stock is Down Nearly 40% From Its High. We reserve the right to block IP addresses that submit excessive requests. To make the world smarter, happier, and richer. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. 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. I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. Sign up below to get this incredible offer! Nonetheless the six month delay in reporting is worrisome. By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. 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.". 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! Use of Culper Research's("Culper") research is at your own risk. 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 historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. 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. And changing your chief financial officer in the midst of this doesn't exactly reassure. *Average returns of all recommendations since inception. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. 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. Cost basis and return based on previous market day close. On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? Jan 21, 2021 1:53PM EST. To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. Learn More. 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.". Eric Volkman has no position in any of the stocks mentioned. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Veru has not yet officially responded to Culper's accusations, which are worrying. If you have an ad-blocker enabled you may be blocked from proceeding. Create an account to follow your favorite communities and start taking part in conversations. They have a financial motivation for doing so -- they want the stock price to go down. 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. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. The rather eclectic biotech -- it has a female contraceptive product, FC2, on the market, and is developing cancer drugs -- has attracted much interest because of the apparently promising sabizabulin. Here's what the company said in part. Not really sure how to end this post, but please let me know think. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Research is not investment advice nor a recommendation or solicitation to buy securities. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. 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. 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. Feel like going after another group of asshole short sellers trying to screw over us regular investors? Investors might want to watch out. Use of Culper Research's ("Culper") research is at your own risk. Theyre calculating that LFMD spends an average of $36 in marketing costs per webpage visitor for REXMD while HIMS spends an average of $2.14 per website visitor for its products . Press question mark to learn the rest of the keyboard shortcuts. The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law. On Friday, Hindenburg Research and Culper Research released scathing reports on SOS Ltd (NYSE: SOS ), a Chinese cryptocurrency mining company. Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. However, such information is presented as is, without warranty of any kind whether express or implied. Down 94%, Is Carvana Stock a Buy-the-Dip Opportunity? Also he was allowed to treat patients via telehealth telehealth while on probation (src). They short the company, post these reports, and reap the benefits of people over reacting. The Xometry Short Report. On the other hand, the stock dropped 25% . Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Further, Culper Research thinks LifeMD is engaged in fraudulent and illegal activities that are similar to those of Redwood Scientific, a company that faced severe legal penalties at the hands of . Reference ID: 0.9d8f1402.1677945178.3b82c472. Under Mr. Cook's . Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. *Average returns of all recommendations since inception. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. 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. On the other hand, shorts are always future buyers of your stock. 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." Customer Service| 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. Site Map, Advertise| VERU stock remains an extremely risky bet today. 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. The company generated about $23,100 in revenue for the first half of 2021. Mark Hake writes about personal finance on mrhake.medium.com, Newsbreak.com and Beehiiv.com. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. CleanSpark Investigating Short Seller Culper Research. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. That's $100 million you paid. The researcher is also highly unimpressed with the executives guiding the company. Aterian (f.k.a. Unlimited access to The Legal Intelligencer, Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications. These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." "We believe that the Company has . That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. And 9380 has actually been buying more stock in Aterian since it was acquired by the company. The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. It looks very bad . Please declare your traffic by updating your user agent to include company specific information. He was the original owner of Roe Tavern in Setauket,N.Y. Prosper Junior Bakiny has no position in any of the stocks mentioned. Published on June 1, 2022 June 3, 2022. culper research legitsan juan airport restaurants hours. So the names of the defendants in the lawsuit against Redwood were as follows. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry.

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