So let's take a look at what Culper is saying about Aterian. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Time to Buy? Culper on Twitter 1125 N. Charles St, Baltimore, MD 21201. Use of Culper Research's("Culper") research is at your own risk. We reserve the right to block IP addresses that submit excessive requests. What should investors make of the allegations brought forth by Culper Research? Nonetheless the six month delay in reporting is worrisome. 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. Making the world smarter, happier, and richer. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Copyright 2023 ALM Global, LLC. 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? 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. 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. But there are some warning signs here. Published. All rights reserved. Create an account to follow your favorite communities and start taking part in conversations. 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. For example, if it has to redesign the study and start from scratch the costs could go up. Veru has a market capitalization of $750 million at $8.46 as of May 6. Copyright Reference ID: 0.9d8f1402.1677945178.3b82c472. Value oriented and event driven investor. Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). Yes, it's horrible and I don't know what to do now. An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. 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. 1-2, 13). 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 . That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. Learn More. Guys, this is a classic short attack. Verified account Protected Tweets @; Suggested users 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. On the other hand, shorts are always future buyers of your stock. Press question mark to learn the rest of the keyboard shortcuts. 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. 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. For instance, Culper Research alleges that LifeMD presents misleading information regarding its network of doctors and even uses unlicensed professionals "to dispense OTC medication.". Investors might want to watch out. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? The most trusted brand in stock market news; Fatest intelligence & alerts; Active trader chat rooms; Option trade alerts; Only comprehensive mobile notifications solution White Diamond Research | About Us Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! 1125 N. Charles St, Baltimore, MD 21201. 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 . Some research into Culper Research. 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. 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. Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! Will Aterian stock recover from this short attack? Don't miss the crucial news and insights you need to make informed legal decisions. 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. CleanSpark Investigates Anonymous Short Seller. 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. Click to reserve your spot! u/wallstreetbets crowd? Mark Hake writes about personal finance on mrhake.medium.com, Newsbreak.com and Beehiiv.com. 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. Culper Research alleges that the company appears to use unlicensed doctors to dispense OTC medications. Did they not look into this and see all this??? Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . 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? It seems clear to us that this report is an attempt by a short seller to negatively impact . Culper alleges that Core Scientific "wildly oversold" both its mining and hosting business. George Washington and the Culper Spy Ring - Stony Brook University At this point, the connection between all these entities and Culper is unclear, beyond the fact that Culper posted the response to Ma-Weaver/Cable Car Capital's SEC FOIA request back in December. To make the world smarter, happier, and richer. 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. Contact Us| Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Invest better with The Motley Fool. 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. Christian Lamarco - New York, New York, United States - LinkedIn Blink Charging lower after short seller powers in with accusations Our 3 Top Picks. Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. To make the world smarter, happier, and richer. More recently, Culper tweeted the response from SEC on a FOIA request for records pertaining to any investigations into OrthoPediatrics Corp., $KIDS. Read the complaint here: To view this content, please continue to their sites. I bought calls just before market close yesterday lol fuck my life. 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. Home - George Washington and the Culper Spy Ring - Research & Subject Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. Is This Warren Buffett Stock a Buy After Its Dividend Boost? Published on June 1, 2022 June 3, 2022. Cost basis and return based on previous market day close. 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. 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. While the short report is lengthy, here is part of what Culper said. Research Materials about George Washington, the Culper Spy Ring, and the American Revolutionary War. 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.. The Motley Fool has no position in any of the stocks mentioned. Read the complaint here. Alpilean Reviews 2023 - Scam or Legit (Update Alpilean Supplement 2023 Cost basis and return based on previous market day close. 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. Also he was allowed to treat patients via telehealth telehealth while on probation (src). Law Firm Investigating Bitcoin Miner Core Scientific for Alleged Taylor Carmichael has no position in any of the stocks mentioned. *Average returns of all recommendations since inception. One concern is that the t otal a ddressable m arket ( TAM) for all forms of . At just 150 patients, the trial is a . 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 lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. Sign up below to get this incredible offer! This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. The book talks about a group of spies known as the culper spy ring. 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. In 5 minutes of searching, you can see they take partial truths and exaggerate them. Feel like going after another group of asshole short sellers trying to screw over us regular investors? 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. I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? 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 . Making the world smarter, happier, and richer. The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. I did some deeper digging though using SEC FOIA request logs and Culper's own posts on twitter in an attempt to pull back the curtain a bit. Treace Shareholder Action Reminder - Treace Medical Concepts (NASDAQ The Motley Fool recommends Aterian, Inc. . 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. The report seems to imply that Veru will be another failure just like other drug companies the management has run. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. On April 29, the company rebranded from Mohawk Group Holdings to Aterian. Also, apparently, most of the patients in the study were outside of the U.S. Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. 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. About Us. The company generated about $23,100 in revenue for the first half of 2021. Eric Volkman has no position in any of the stocks mentioned. Why would the block trades be significantly lower than current stock price at the time? The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. I do wish to raise two issues: Rivington and my background. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. Telehealth Co. Accuses Short Sellers Of Defamation-For-Profit Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. $10/person - Space is limited. He was the original owner of Roe Tavern in Setauket,N.Y. The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." If you have an ad-blocker enabled you may be blocked from proceeding. Do these allegations sound legitimate or a . from 8 AM - 9 PM ET. Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. Sometimes when there is "blood in the water" other shorts will jump in as well. Holders of short positions trade on an expected decline in the price of a stock. To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. That could potentially be a turning point for Veru stock. The problem is this is a highly speculative play for most investors. 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%. Culper also . 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. Use of Culper Research's ("Culper") research is at your own risk. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. Through its wholly owned subsidiary ATL Data Centers LLC, CleanSpark owns and operates a data center that provides customers with traditional on-site and cloud-based data center services. 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). They short the company, post these reports, and reap the benefits of people over reacting. 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. 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. The Austin-based company went public on the Nasdaq via a special purpose acquisition vehicle, or SPAC, in January 2022. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. But they were not involved in any fraudulent activity. CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. 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. 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. CleanSpark Investigating Short Seller Culper Research - PR Newswire The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . LifeMD falls after new short call from Culper Research 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. LFMD responded to short report, denying the claims and will report something in detail soon. Here's what the company said in part. To other RS execs were laundering money (husband and wife). 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. However, such information is presented as is, without warranty of any kind whether express or implied. Are u selling or still holding? Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. 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. 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 . 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. $3.6MM ADDITIONAL, PREVIOUSLY CONCEALED, RELATED PARTY - Yahoo! This is set for next Tuesday, May 10. 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 takes seriously any accusations of impropriety, stands behind its prior statements and disclosures, and will not tolerate unfounded and reckless claims against the Company. culper research legit Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. "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." Veru 's ( VERU -0.17%) stock dipped by 5.5% on Friday as of 10:49 a.m. 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. However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. Culper on Twitter The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. 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. 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. 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 . By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Core Scientific Short report by Culper research Deep Dive The Patriots (colonists) were fighting against the British, in this war. By downloading from or viewing material on this website you agree to the following Terms of Service. 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. As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. All expressions of opinion are subject to change without notice, and Culper does not undertake to update or supplement this report or any of the information contained herein. The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . The Motley Fool has no position in any of the stocks mentioned. Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. Culper Research 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.". 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. 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. Why Veru Stock Plummeted on Monday | The Motley Fool Just went through LifeMD's annual report and they don't break down marketing expenses per business line. 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. Making the world smarter, happier, and richer. The publisher of this false . That's what happened to the shorts in the Gamestopfrenzy earlier this year. VERU stock remains an extremely risky bet today. 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. Treace Investor Alert - Treace Medical Concepts (NASDAQ:TMCI) Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. . 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! CleanSpark Investigating Short Seller Culper Research | Nasdaq 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. 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/. 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. 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 . In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The report . ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . Five days later, the short report came public. Thus, we assign the incremental $18.0M to RexMD. 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. Tickets are limited. According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in.
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