Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." Investigation Alert: Kessler Topaz Meltzer & Check, LLP is For instance, Culper Research alleges that LifeMD presents misleading information regarding its network of doctors and even uses unlicensed professionals "to dispense OTC medication.". Yes and no. Cost basis and return based on previous market day close. The Motley Fool has a disclosure policy. The publisher of this false . The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. Prosper Junior Bakiny has no position in any of the stocks mentioned. 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. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . The Motley Fool has no position in any of the stocks mentioned. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Cost basis and return based on previous market day close. "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." Apparently, this was not the case . Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. By downloading from or viewing material on this website you agree to the following Terms of Service. 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. *Average returns of all recommendations since inception. The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. I bought this stock after Citron recommended it. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . Veru Shares Move Lower; Culper Research Release Short Report On Stock Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Some research into Culper Research. Investors could turn away from the company in droves if the researcher's allegations have merit, however. 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. An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. I bought calls just before market close yesterday lol fuck my life. 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). More recently, Culper tweeted the response from SEC on a FOIA request for records pertaining to any investigations into OrthoPediatrics Corp., $KIDS. u/wallstreetbets crowd? LifeMD falls after new short call from Culper Research Is this happening to you frequently? 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. Copyright 2023 ALM Global, LLC. 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. 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.. Treace Shareholder Action Reminder - Treace Medical Concepts (NASDAQ Culperspyday Tri-Spy Tours Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Veru has not yet officially responded to Culper's accusations, which are worrying. The Xometry Short Report. Veru 's ( VERU -0.17%) stock dipped by 5.5% on Friday as of 10:49 a.m. 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. I like pain so I'm holding and also bought 400 more shares at $9, sitting at 2,000 shares now with a $16 cost basis, plus August calls with $15 strike that I bought just before market close yesterday. Veru Stock Could Face Difficulties If the Culper Research Report Is True. 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. Making the world smarter, happier, and richer. 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. 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. And 9380 has actually been buying more stock in Aterian since it was acquired by the company. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. This cant be right ? The Patriots (colonists) were fighting against the British, in this war. In the near term, anything can happen to a stock price. Use of Culper Research's("Culper") research is at your own risk. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team. Copyright For more information, contact opendata@sec.gov. Veru has a market capitalization of $750 million at $8.46 as of May 6. 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? The Great CytoDyn (OTCQB: CYDY) Bear Raid Fails to Impress The problem is it has just $116.1 million in cash as of Dec. 31 and is burning through its cash. Learn More. Published. That is because $36 includes all of company's business lines, not just RexMD. 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. Meanwhile, almost six months after the acquisition, the audit has finally been completed, and Aterian finally filed its (late) numbers with the SEC on May 14. In 5 minutes of searching, you can see they take partial truths and exaggerate them. We look for stocks with the potential for big moves in the near future up or down. culper research legit Culper research countered with a well-timed short report tweeted at 8:05 AM spreading fear in the minds of longs that something was wrong going into the investor call. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Sometimes when there is "blood in the water" other shorts will jump in as well. The problem is this is a highly speculative play for most investors. Is this a bad sign for your stock? Feel like going after another group of asshole short sellers trying to screw over us regular investors? The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. 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. 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. I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning . It's important to remember that there are two sides to every story. 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. 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? 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? 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. To make the world smarter, happier, and richer. Veru Stock Could Face Difficulties If the Culper Research Report Is True 831 Words4 Pages. The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. 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. Did they not look into this and see all this??? Please declare your traffic by updating your user agent to include company specific information. 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. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. Culper Spy Ring Thesis - 167 Words | Bartleby Terms of Service. Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. 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. 1125 N. Charles St, Baltimore, MD 21201. They short the company, post these reports, and reap the benefits of people over reacting. 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. To make the world smarter, happier, and richer. 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. Invest better with The Motley Fool. Investor Alert: Kaplan Fox Investigates Potential - GlobeNewswire News Room A company that relies on acquisitions to make its revenue go up can be hiding a sales deterioration in the existing business. 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. The second major issue the Culper report has with Veru is the quality of management. For more information, please see the SECs Web Site Privacy and Security Policy. Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. 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. Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. And, the marketing expense for RexMD by Culper is just an "estimate". 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. 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. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Veru has sales revenue from other medical assets it owns. culper research legit - zoom-content.com Aterian (f.k.a. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. 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. All Rights Reserved. Skip to Main Content. At just 150 patients, the trial is a . Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Spying is a secret business and thus research into it is most difficult. But there are some warning signs here. 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. A recent report by Culper Research contains numerous false and misleading statements about our company. Culper on Twitter: "It appears $LFMD is once again attempting to bury 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? I'm hoping one of you all much smarter people could help here and maybe start to connect some of these dots to pull down the veil a bit from these shady scumbags. Here's what the company said in part. $3.6MM ADDITIONAL, PREVIOUSLY CONCEALED, RELATED PARTY - Yahoo! That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. LFMD responded to short report, denying the claims and will report something in detail soon. Use of Culper Research's ("Culper") research is at your own risk. Read the complaint here. | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? Veru has a market capitalization of $750 million at $8.46 as of May 6. Site Map, Advertise| Culper Spy Ring Research Paper Intelligence provided by the Culper Spy Ring was instrumental in the defeat of the British during the Revolutionary War. What should investors make of the allegations brought forth by Culper Research? 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. All rights reserved. VERU Stock Could Face Difficulties If the Culper Research Report Is Accounting issues always cause stress for investors. For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. 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! Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. Research is not investment advice nor a recommendation or solicitation to buy securities. 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. Taylor Carmichael has no position in any of the stocks mentioned. This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. 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. Create an account to follow your favorite communities and start taking part in conversations. 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. Jan 21, 2021 1:53PM EST. It seems clear to us that this report is an attempt by a short seller to negatively impact . 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. These statements are based on CleanSpark's current beliefs and expectations. "We believe that the Company has vastly exaggerated the size of its EV charging network in order to siphon money from the pockets of investors to insiders. 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. Does someone more knowledgeable than me have any insight into these numbers ? Pretty brutal. Why Veru Stock Got Dented Today | The Motley Fool 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 . How valuable are the assets if you can't trust the sales numbers? 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 . By using this site, you are agreeing to security monitoring and auditing. This suit was surfaced by Law.com Radar. 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.". In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . To other RS execs were laundering money (husband and wife). CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. 1-2, 13). Culper on Twitter: "Tomorrow's report features two felons, two alleged Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. Federal Judge: Lancaster Investment Firm, Executives Must Pay $2M in Civil Penalties, Restitution, Special Master in MoneyGram Feud at SCOTUS Has Surprise Change of Mind, In Jackson's First Majority Opinion, SCOTUS Curbs Delaware's Collection of Unclaimed Property, Class Action Accusing BOA of Inadequate Notice Before Reposessions Hits Federal Court, Law.com Editors and Analysts Offer Top Trends to Watch for 2023. Hindenburg Research - Investigative Research & Reporting Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. LFMD execs were not involved, and left the company. For example, if it has to redesign the study and start from scratch the costs could go up. In this conversation. We reserve the right to block IP addresses that submit excessive requests. 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. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. 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%. Clickhereto get started and be first to know about new suits in your region, practice area or client sector. Aterian issued a press release to respond to the short attack. Research Materials about George Washington, the Culper Spy Ring, and the American Revolutionary War. 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. 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. Use of Culper Research's("Culper") research is at your own risk. George Washington's Secret Six By Brian Kilmeade | ipl.org 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. CleanSpark Investigates Anonymous Short Seller. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? Customer Service| Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth.
culper research legit