"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." This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. 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/. Press question mark to learn the rest of the keyboard shortcuts. Investigation Alert: Kessler Topaz Meltzer & Check, LLP is Rivington's association with Culper Jr., and Jr.'s association into the New York City British social environment, clearly places them in contact and since Rivington subsequently provided the British Naval . But there are some warning signs here. culper research legitmichelle fleury ancestry. 1125 N. Charles St, Baltimore, MD 21201. Published. Making the world smarter, happier, and richer. Significant to regional and national historical narratives, SBU's letters were authored in 1779 and 1780 and document espionage activities in the Three Village area of Long Island, New York, the . He was the original owner of Roe Tavern in Setauket,N.Y. When typing in this field, a list of search results will appear and be automatically updated as you type. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. 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. 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. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. Don't miss the crucial news and insights you need to make informed legal decisions. Use of Culper Research's ("Culper") research is at your own risk. And 9380 has actually been buying more stock in Aterian since it was acquired by the company. The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. George Washington and the Culper Spy Ring - Stony Brook University 1001 and 1030). Learn More. I bought calls just before market close yesterday lol fuck my life. 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. Read the complaint here: To view this content, please continue to their sites. VERU Stock Could Face Difficulties If the Culper Research Report Is And, the marketing expense for RexMD by Culper is just an "estimate". 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 . On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. 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? You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. 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. VERU stock remains an extremely risky bet today. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. This drop over the last month or so has torched like 9% of my portfolio, real quick. 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. 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. Aterian issued a press release to respond to the short attack. 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. On Wall Street, H.C. Wainwright dropped Blink Charging to a Neutral rating from Buy last week on a valuation call that did not allude to any wrongdoing at the company.. 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. Thank you for your interest in the U.S. Securities and Exchange Commission. 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. Are the Short Sellers Right About Aterian? | The Motley Fool - Nasdaq Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. 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 no position in any of the stocks mentioned. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). Our Team Account subscription service is for legal teams of four or more attorneys. 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. I bought this stock after Citron recommended it. On May 4, an anonymous short seller, "Culper Research," launched an attack on Aterian (ATER), a company that uses artificial intelligence to find, acquire, and launch popular consumer goods businesses. 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." 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. Sometimes when there is "blood in the water" other shorts will jump in as well. Click to reserve your spot! 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. Are u selling or still holding? By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. 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. Reference ID: 0.9d8f1402.1677945178.3b82c472. Use of Culper Research's("Culper") research is at your own risk. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. Cost basis and return based on previous market day close. 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%. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. It's important to remember that there are two sides to every story. Hindenburg Research - Investigative Research & Reporting Accounting issues always cause stress for investors. The company generated about $23,100 in revenue for the first half of 2021. According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. Making the world smarter, happier, and richer. The suit's 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 . In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Im holding on to see the company response. 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. On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. Verified account Protected Tweets @; Suggested users CleanSpark takes seriously any accusations of impropriety, stands behind its prior statements and disclosures, and will not tolerate unfounded and reckless claims against the Company. Core Scientific Short report by Culper research Deep Dive Culper on Twitter: "Tomorrow's report features two felons, two alleged PDF Disclaimer - IA Rugby.com The Patriots (colonists) were fighting against the British, in this war. culper research legit - zoom-content.com 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. To make the world smarter, happier, and richer. Law Firm Investigating Bitcoin Miner Core Scientific for Alleged 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. 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. A recent report by Culper Research contains numerous false and misleading statements about our company. 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. LFMD responded to short report, denying the claims and will report something in detail soon. CleanSpark Investigating Short Seller Culper Research. They have a financial motivation for doing so -- they want the stock price to go down. quotes delayed at least 15 minutes, all others at least 20 minutes. We look for stocks with the potential for big moves in the near future up or down. Terms of Service. Aterian (f.k.a. 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? REKR reported $245,000 in Oklahoma revenue for itself, and $1,000,000 in revenue for the state of Oklahoma - "over 25,000" notices of non-compliance were issued, but REKR . Clickhereto get started and be first to know about new suits in your region, practice area or client sector. Does someone more knowledgeable than me have any insight into these numbers ? The problem is it has just $116.1 million in cash as of Dec. 31 and is burning . What kind of manipulation and block trades? But they were not involved in any fraudulent activity. Culper alleges that Core Scientific "wildly oversold" both its mining and hosting business. 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. Research is not investment advice nor a recommendation or solicitation to buy securities. Cost basis and return based on previous market day close. If you have an ad-blocker enabled you may be blocked from proceeding. The Motley Fool has a disclosure policy. The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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? 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. Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. Were short sellers putting together a scam? The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. 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. u/wallstreetbets crowd? https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. 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. Veru has not yet officially responded to Culper's accusations, which are worrying. In this conversation. And changing your chief financial officer in the midst of this doesn't exactly reassure. Veru drops after Culper Research releases a follow up short report Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. In the near term, anything can happen to a stock price. Do these allegations sound legitimate or a . Short-sellers take aim at Chinese blockchain firm SOS, shares tumble 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. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Christian Lamarco - New York, New York, United States - LinkedIn Yes and no. Defamation Suit Against Research Company Over Alleged 'Short-and It looks very bad . Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. 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. 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. 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. This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. 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. Guys, this is a classic short attack. Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. 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. The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. Is this a bad sign for your stock? Nonetheless the six month delay in reporting is worrisome. 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 . The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. Treace Medical plunges on new short report from Culper Research Treace Shareholder Action Reminder - Treace Medical Concepts (NASDAQ The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . *Average returns of all recommendations since inception. 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. All rights reserved. The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. Culper Research That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. Invest better with The Motley Fool. The problem is this is a highly speculative play for most investors. Culper Research 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? Your article was successfully shared with the contacts you provided. Investor Alert: Kaplan Fox Investigates Potential - GlobeNewswire News Room 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. 1-2, 13). 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 historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. Some research into Culper Research : r/LFMD - reddit Under Mr. Cook's . For more information, please see the SECs Web Site Privacy and Security Policy. Culper Short Report : r/LFMD - reddit 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. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. 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. 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. Here's what the company said in part. 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. Investors could turn away from the company in droves if the researcher's allegations have merit, however. 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. This suit was surfaced by Law.com Radar. Veru has sales revenue from other medical assets it owns. By downloading from or viewing material on this website you agree to the following Terms of Service. Where This Leaves Investors in Veru Stock. More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. What Is the Best EV Stock to Buy Now? culper research owner - CLARVI With Such Low Win Rates, Should Law Firms Respond to So Many RFPs?
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