Value oriented and event driven investor. According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. The Motley Fool has a disclosure policy. Did these scumbags have any insider information? Sucks. We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. 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 . 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. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. Cost basis and return based on previous market day close. Yes, in the short term, a short attack on a small cap will often send shares down, and Aterian's stock has dropped 35% since the report came out. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. 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 . Veru has a market capitalization of $750 million at $8.46 as of May 6. Aterian issued a press release to respond to the short attack. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Will Aterian stock recover from this short attack? If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Some research into Culper Research. Please declare your traffic by updating your user agent to include company specific information. Under Mr. Cook's . I bought calls just before market close yesterday lol fuck my life. How valuable are the assets if you can't trust the sales numbers? best hunting game for oculus quest 2 culper research legit. Why would the block trades be significantly lower than current stock price at the time? The most trusted brand in stock market news; Fatest intelligence & alerts; Active trader chat rooms; Option trade alerts; Only comprehensive mobile notifications solution In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 10 czerwca 2022 Cost basis and return based on previous market day close. 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. At least we have some idea what the manipulation and block-trades that drove this down from $18 to $12 were (culper & friends getting into proper short position before dropping this report). Reddit and its partners use cookies and similar technologies to provide you with a better experience. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. Research is not investment advice nor a recommendation or solicitation to buy securities. 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. 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. Yes, it works for cancers, but it does the same to all normal tissue. Mohawk Group Holdings) was founded by . 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. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. 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). 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. The book talks about a group of spies known as the culper spy ring. Don't miss the crucial news and insights you need to make informed legal decisions. More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. 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. 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. 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 . To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. 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. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 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 inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. 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. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. TICKETED EVENTS on Culper Spy Day. Guys, this is a classic short attack. 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. Invest better with The Motley Fool. Note: We do not offer technical support for developing or debugging scripted downloading processes. We look for stocks with the potential for big moves in the near future up or down. 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. Im holding on to see the company response. 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 . 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. 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 April 29, the company rebranded from Mohawk Group Holdings to Aterian. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . 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. Invest better with The Motley Fool. 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. Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. It's important to remember that there are two sides to every story. Copyright 2023 ALM Global, LLC. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Time to Buy? 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. 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. What Is the Best EV Stock to Buy Now? 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. Did anyone read this? For more information, please see the SECs Web Site Privacy and Security Policy. The case is 2:21-cv-01273, Lifemd, Inc et al v. Lamarco et al. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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? CleanSpark has retained the law firm of Wilk Auslander LLP in connection with this matter and will be vigilant in investigating the sources of these misrepresentations, including the identity of those veiled behind the entity calling itself Culper Research. However, such information is presented as is, without warranty of any kind whether express or implied. 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. It seems clear to us that this report is an attempt by a short seller to negatively impact . More recently, Culper tweeted the response from SEC on a FOIA request for records pertaining to any investigations into OrthoPediatrics Corp., $KIDS. 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. Learn More. To the best of our ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources we believe to be accurate and reliable, and who are not insiders or connected persons of the securities covered herein or who may otherwise owe any fiduciary duty or duty of confidentiality to the issuer. The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. 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. 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. But that attitude raises a few questions. The Xometry Short Report. In the near term, anything can happen to a stock price. 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. CLEANSPARK INVESTIGATING SHORT SELLER CULPER RESEARCH . Investors could turn away from the company in droves if the researcher's allegations have merit, however. We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. If You Invested $1,000 in Veru in 2020, This Is How Much You Would Have Today, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? 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. They short the company, post these reports, and reap the benefits of people over reacting. 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. 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. Site Map, Advertise| If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. 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. 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.. For more information, visit https://ATL-DATA.com. 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. 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. 1125 N. Charles St, Baltimore, MD 21201. While the short report is lengthy, here is part of what Culper said. The points Culper makes are quite compelling and raise substantial questions about the history of the CEO, Mitchell Steiner, and the EVP of Clinical Affairs, Robert Getzenberg. I do wish to raise two issues: Rivington and my background. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. I bought this stock after Citron recommended it. 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. Culper Spy Ring Research Paper Intelligence provided by the Culper Spy Ring was instrumental in the defeat of the British during the Revolutionary War. 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. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . For instance, Culper Research alleges that LifeMD presents misleading information regarding its network of doctors and even uses unlicensed professionals "to dispense OTC medication.". Not really sure how to end this post, but please let me know think. CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning through its cash. But they were not involved in any fraudulent activity. The report seems to imply that Veru will be another failure just like other drug companies the management has run. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. Target Stock is Down Nearly 40% From Its High. Theres even room for more lines. On the other hand, shorts are always future buyers of your stock. That's what happened to the shorts in the Gamestopfrenzy earlier this year. 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. 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 . Published. 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 . 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 . In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. Both options are priced the same. The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. In this conversation. Does someone more knowledgeable than me have any insight into these numbers ? They have a financial motivation for doing so -- they want the stock price to go down. 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. 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? If Justin and Stefan were involved in anyway they would have been on the list of named defendants. If too many people are short a stock, the trade might flip on them, and a short squeeze might take place, causing the stock to zoom higher. 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. Taylor Carmichael has no position in any of the stocks mentioned. 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! LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. However, such information is presented as is, without warranty of any kind whether express or implied. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. 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 . However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? What should investors make of the allegations brought forth by Culper Research? Blink claims that 'EV drivers can easily charge at any of its 15,000 charging stations,' but we estimate the Companys functional public charging station network consists of just 2,192 stations, a mere 15% of this claim.". The researcher is also highly unimpressed with the executives guiding the company. exhibit at the Three Village Historical Society. To hide from slander cases, perhaps?). 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 . lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery Veru Stock Could Face Difficulties If the Culper Research Report Is True. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. 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. All Rights Reserved. Agreed, this is pretty shitty but have to wait for the response. Sign up below to get this incredible offer! 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. 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. 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. 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. Here is what I think: These scumbags are going after companies with low institutional/high retail stocks that are on fire, to take advantage of panic. It looks very bad . Culper Research alleges that the company appears to use unlicensed doctors to dispense OTC medications. 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.
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