Eric Volkman has no position in any of the stocks mentioned. 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. Law.com Radar publishes daily updates on just-filed federal cases like this one. Accounting issues always cause stress for investors. The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. I do wish to raise two issues: Rivington and my background. 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 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. It stinks like a skunk to me, but Im not smart. Also, did you notice that there are now at least half a dozen law firms trolling for members to a class action lawsuit against Life? Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. The report . 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 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. For instance, Culper Research alleges that LifeMD presents misleading information regarding its network of doctors and even uses unlicensed professionals "to dispense OTC medication.". Some research into Culper Research. These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. Is This Warren Buffett Stock a Buy After Its Dividend Boost? On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). 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. 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. PDF Disclaimer - IA Rugby.com The short is also correct that the 9380 lockup expires in June, which means that Aterian's biggest shareholder will be free to start selling shares that were acquired for pennies. Criminal Allegations, and an ICO Scam . 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. 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. 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. What kind of manipulation and block trades? Feel like going after another group of asshole short sellers trying to screw over us regular investors? (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. 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. The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . Investor Alert: Kaplan Fox Investigates Potential - GlobeNewswire News Room 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. culper research owner - CLARVI Honestly, we are letting them win with this plummeting over-reaction. 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. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. A recent report by Culper Research contains numerous false and misleading statements about our company. Value oriented and event driven investor. 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 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 . 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%. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. 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. Hindenburg Research - Investigative Research & Reporting Home - George Washington and the Culper Spy Ring - Research & Subject Our Team Account subscription service is for legal teams of four or more attorneys. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. The Motley Fool recommends Aterian, Inc. In the near term, anything can happen to a stock price. Your article was successfully shared with the contacts you provided. The researcher is also highly unimpressed with the executives guiding the company. The complaint, over an alleged short-and-distort stock scheme, was filed by Gordon Rees Scully Mansukhani on behalf of LifeMD Inc., CEO Justin Schreiber and CTO Stefan Galluppi. That request was submitted in December 2020 and according to the SEC FOIA request logs, was done so by a Jeff Bourland linkedin on behalf of an unknown entity, perhaps the "Family Office" listed on his Linkedin. Core Scientific Short report by Culper research Deep Dive More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. The Great CytoDyn (OTCQB: CYDY) Bear Raid Fails to Impress Press question mark to learn the rest of the keyboard shortcuts. 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 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. Published. Five days later, the short report came public. 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 . Copyright 2023 ALM Global, LLC. At least we have some idea what the manipulation and block-trades that drove this down from $18 to $12 were (culper & friends getting into proper short position before dropping this report). Veru Shares Move Lower; Culper Research Release Short Report On Stock 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. 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. CLEANSPARK INVESTIGATING SHORT SELLER CULPER RESEARCH . It's important to remember that there are two sides to every story. 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. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Blink Charging lower after short seller powers in with accusations On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). 2023 InvestorPlace Media, LLC. Docent led tours every 30 minutes of the Spies! Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALMs deep bench of proprietary information to provide insights that cant be found anywhere else. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning . Making the world smarter, happier, and richer. Culper Research u/wallstreetbets crowd? 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. For accurate information about the Company, Shareholders should refer to the Company's disclosure documents filed with U.S. Securities and Exchange Commission, which are available online under the Company's EDGAR profile atwww.sec.govor on the Investor Relations tab of the Company's website atwww.CleanSpark.com. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. Use of Culper Research's ("Culper") research is at your own risk. But that attitude raises a few questions. Will Aterian stock recover from this short attack? 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. Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. Investors should probably take this allegation with a grain of salt, as Culper Research is an anonymous outfit and the author of the report is a mystery. 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 publisher of this false . 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. Invest better with The Motley Fool. In 5 minutes of searching, you can see they take partial truths and exaggerate them. 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. Toggle Navigation Hindenburg Research. CleanSpark Investigating Short Seller Culper Research - PR Newswire 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. The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. Yes, it works for cancers, but it does the same to all normal tissue. 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. Culperspyday Tri-Spy Tours Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Prosper Junior Bakiny has no position in any of the stocks mentioned. Reference ID: 0.9d8f1402.1677945178.3b82c472. Culper on Twitter: "It appears $LFMD is once again attempting to bury The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . Reddit and its partners use cookies and similar technologies to provide you with a better experience. However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. 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. TICKETED EVENTS on Culper Spy Day. 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). Yes, it's horrible and I don't know what to do now. Did they not look into this and see all this??? . CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. Press question mark to learn the rest of the keyboard shortcuts. Terms of Service. 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 . $10/person - Space is limited. Customer Service| In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. To hide from slander cases, perhaps?). If you can't trust management, or its numbers, you really shouldn't be in a stock. 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. 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 . The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. Veru Stock Could Face Difficulties If the Culper Research Report Is True. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. 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. It looks very bad . But there are some warning signs here. 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. This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. 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. CleanSpark Investigating Short Seller Culper Research | Nasdaq Sucks. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. And, the marketing expense for RexMD by Culper is just an "estimate". The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. Defamation Suit Against Research Company Over Alleged 'Short-and Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. Veru Stock Could Face Difficulties If the Culper Research Report Is True Nonetheless the six month delay in reporting is worrisome. "LifeMD uses technology to make health care more accessible to people from all walks of life. What should investors make of the allegations brought forth by Culper Research? Taylor Carmichael has no position in any of the stocks mentioned. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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/. License our industry-leading legal content to extend your thought leadership and build your brand. 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. 10 czerwca 2022 That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. This cant be right ? 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? Are the Short Sellers Right About Aterian? | The Motley Fool - Nasdaq The Motley Fool has no position in any of the stocks mentioned. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. "We believe that the Company has . 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). Use of Culper Research's("Culper") research is at your own risk. Thus, we assign the incremental $18.0M to RexMD. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Please disable your ad-blocker and refresh. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. To make the world smarter, happier, and richer. White Diamond Research | About Us 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. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. The book talks about a group of spies known as the culper spy ring. Mariner Research Group - Deep research in a shallow world Why would the block trades be significantly lower than current stock price at the time? Veru has a market capitalization of $750 million at $8.46 as of May 6. On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. Making the world smarter, happier, and richer. $3.6MM ADDITIONAL, PREVIOUSLY CONCEALED, RELATED PARTY - Yahoo! 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. Short-Seller's Note is Short on Credibility, LifeMD Says This response seems to concede that the company acquired the business from somebody convicted of crimes ("we identified the historical legal concerns raised in the report"), but that it judged the information irrelevant ("unrelated to the acquired businesses"). The problem is it has just $116.1 million in cash as of Dec. 31 and is burning through its cash. Telehealth Co. Accuses Short Sellers Of Defamation-For-Profit Alpilean Reviews 2023 - Scam or Legit (Update Alpilean Supplement 2023 Learn More. By downloading from or viewing material on this website you agree to the following Terms of Service. Culper Research 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 Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." culper research legit - zoom-content.com from 8 AM - 9 PM ET. Cost basis and return based on previous market day close. Cost basis and return based on previous market day close.