culper research legit culper research legit

To make the world smarter, happier, and richer. Don't miss the crucial news and insights you need to make informed legal decisions. Thus, we assign the incremental $18.0M to RexMD. The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. We look for stocks with the potential for big moves in the near future up or down. Yes, it works for cancers, but it does the same to all normal tissue. 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. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. Culper alleges that Core Scientific "wildly oversold" both its mining and hosting business. 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. 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? Is this a bad sign for your stock? 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? 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 . Learn More. 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. Create an account to follow your favorite communities and start taking part in conversations. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. 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. More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. 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). Veru Inc. (VERU) fell 6.7% after Culper Research released another short report on the oncology-focused biopharmaceutical company.Culper alleged in the report that at baseline, the. 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. 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. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . 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. Please disable your ad-blocker and refresh. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. CleanSpark Investigating Short Seller Culper Research. According to the accounting firm, the numbers are fine. Down 94%, Is Carvana Stock a Buy-the-Dip Opportunity? The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." Eric Volkman has no position in any of the stocks mentioned. *Average returns of all recommendations since inception. 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. Verified account Protected Tweets @; Suggested users https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). 2023 InvestorPlace Media, LLC. 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 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. 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. This suit was surfaced by Law.com Radar. Please declare your traffic by updating your user agent to include company specific information. 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. 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. 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? Why would the block trades be significantly lower than current stock price at the time? But that attitude raises a few questions. Invest better with The Motley Fool. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Theres even room for more lines. 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. Our Team Account subscription service is for legal teams of four or more attorneys. Mark Hake writes about personal finance on mrhake.medium.com, Newsbreak.com and Beehiiv.com. 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. Federal Judge: Lancaster Investment Firm, Executives Must Pay $2M in Civil Penalties, Restitution, Special Master in MoneyGram Feud at SCOTUS Has Surprise Change of Mind, In Jackson's First Majority Opinion, SCOTUS Curbs Delaware's Collection of Unclaimed Property, Class Action Accusing BOA of Inadequate Notice Before Reposessions Hits Federal Court, Law.com Editors and Analysts Offer Top Trends to Watch for 2023. 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. CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. That's what happened to the shorts in the Gamestopfrenzy earlier this year. 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. 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 . Not really sure how to end this post, but please let me know think. For example, if it has to redesign the study and start from scratch the costs could go up. 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. 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. Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. 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 industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Cost basis and return based on previous market day close. 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. 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. 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. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. 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. And 9380 has actually been buying more stock in Aterian since it was acquired by the company. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? Aterian (f.k.a. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. 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. 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." *Average returns of all recommendations since inception. best hunting game for oculus quest 2 culper research legit. This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. Yes, the two executives were at Redwood Scientific. 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. 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). Veru Stock Could Face Difficulties If the Culper Research Report Is True. 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. For more information, visit https://ATL-DATA.com. Prosper Junior Bakiny has no position in any of the stocks mentioned. Click to reserve your spot! The report . Target Stock is Down Nearly 40% From Its High. 1125 N. Charles St, Baltimore, MD 21201. from 8 AM - 9 PM ET. Criminal Allegations, and an ICO Scam . 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. 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. 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. The Motley Fool recommends Aterian, Inc. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? *Average returns of all recommendations since inception. 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. 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. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. Will Aterian stock recover from this short attack? According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. "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." For more information, please see the SECs Web Site Privacy and Security Policy. 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"). Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning . For that matter, changing the name of your company a week before a short attack might make people nervous, too. Im holding on to see the company response. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. 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. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including, without limitation: the successful deployment energy solution on the project, the fitness of our energy software and solutions for this particular application or market, the expectations of future revenue growth may not be realized, ongoing demand for our software products and related services, the impact of global pandemics (including COVID-19) on the demand for our products and services; and other risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in our Annual Report on Form 10-K and any subsequent filings with the SEC. Does someone more knowledgeable than me have any insight into these numbers ? License our industry-leading legal content to extend your thought leadership and build your brand. WOW Very BOLD and INTENSE claims made by Culper Research about Blink Charging Fraud!! 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. Lorem ipsum dolor sit amet, consectetur adipiscing elit. 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. 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. CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . culper research legitmichelle fleury ancestry. Read the complaint here: To view this content, please continue to their sites. I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. LexisNexis and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information. On February 26, 2021, Hindenburg Research and Culper Research published reports regarding SOS Limited, alleging that the Company was a "pump and dump" scheme that used fake addresses and doctored . Veru has sales revenue from other medical assets it owns. 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.