George Washington's Culper Spy Ring: Separating Fact from Fiction 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. Use of Culper Research's("Culper") research is at your own risk. 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. Sucks. While the short report is lengthy, here is part of what Culper said. By downloading from or viewing material on this website you agree to the following Terms of Service. In 5 minutes of searching, you can see they take partial truths and exaggerate them. 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. CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. To make the world smarter, happier, and richer. Investor Alert: Kaplan Fox Investigates Potential - GlobeNewswire News Room Clickhereto get started and be first to know about new suits in your region, practice area or client sector. The company generated about $23,100 in revenue for the first half of 2021. That is because $36 includes all of company's business lines, not just RexMD. The Culper Ring During The Revolutionary War | ipl.org How valuable are the assets if you can't trust the sales numbers? Investors might want to watch out. 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 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. Investigation Alert: Kessler Topaz Meltzer & Check, LLP is Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). Verified account Protected Tweets @; Suggested users 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). Our 3 Top Picks. The Patriots (colonists) were fighting against the British, in this war. The Motley Fool has a disclosure policy. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Core Scientific stock drops after new short call from Culper Research $10/person - click to reserve your spot! 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. 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. 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. The most trusted brand in stock market news; Fatest intelligence & alerts; Active trader chat rooms; Option trade alerts; Only comprehensive mobile notifications solution Sign up below to get this incredible offer! 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/. I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. 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. 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. Alpilean Reviews 2023 - Scam or Legit (Update Alpilean Supplement 2023 Copyright You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. 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. Holders of short positions trade on an expected decline in the price of a stock. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. 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. 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. These statements are based on CleanSpark's current beliefs and expectations. I do wish to raise two issues: Rivington and my background. 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). 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 response seems to concede that the company acquired the business from somebody convicted of crimes ("we identified the historical legal concerns raised in the report"), but that it judged the information irrelevant ("unrelated to the acquired businesses"). 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. 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. The Motley Fool has a disclosure policy. Why LifeMD Stock Is Getting Crushed Today | The Motley Fool Read the complaint here: To view this content, please continue to their sites. 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. For more information, please see the SECs Web Site Privacy and Security Policy. As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. On Friday, Hindenburg Research and Culper Research released scathing reports on SOS Ltd (NYSE: SOS ), a Chinese cryptocurrency mining company. 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. Short-Seller's Note is Short on Credibility, LifeMD Says Criminal Allegations, and an ICO Scam . Culper on Twitter: "Tomorrow's report features two felons, two alleged Some research into Culper Research. The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. For example, if it has to redesign the study and start from scratch the costs could go up. The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. . 2023 InvestorPlace Media, LLC. Veru has not yet officially responded to Culper's accusations, which are worrying. Is This Warren Buffett Stock a Buy After Its Dividend Boost? The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." All Rights Reserved. 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. 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. Veru Stock Could Face Difficulties If the Culper Research Report Is True 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. In the near term, anything can happen to a stock price. Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. 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 . 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. 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 . 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. *Average returns of all recommendations since inception. You should assume that Culper (possibly along with or through our members, partners, affiliates, employees, and/or consultants) along with our clients and/or investors has a position in any securities covered herein. The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. culper research legitsan juan airport restaurants hours. 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 on Twitter Does someone more knowledgeable than me have any insight into these numbers ? No LFMD executives were charged. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. They do this behind a wall of relative anonymity which is curious given their apparent altruistic intentions of "protecting investors" would lend you to think they would want to be praised for their support for all the poor little guys like us. best hunting game for oculus quest 2 culper research legit. 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. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Skip to Main Content. And, the marketing expense for RexMD by Culper is just an "estimate". If you have an ad-blocker enabled you may be blocked from proceeding. 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. Honestly, we are letting them win with this plummeting over-reaction. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. For more information, contact opendata@sec.gov. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Culper Research 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 . 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. But there are some warning signs here. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, CleanSpark Reports First Quarter FY2023 Financial Results, CleanSpark Reports Fourth Quarter and Year End FY2022 Financial Results. Apparently, this was not the case . Press question mark to learn the rest of the keyboard shortcuts. Lorem ipsum dolor sit amet, consectetur adipiscing elit. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 Aterian (f.k.a. Culper also . 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.". 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. Our offerings consist of intelligent energy monitoring and controls, intelligent microgrid design software, middleware communications protocols for the energy industry, energy system engineering, and software consulting services. Your article was successfully shared with the contacts you provided. 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. CleanSpark Investigating Short Seller Culper Research - PR Newswire The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. 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. culper research owner - CLARVI Our Team Account subscription service is for legal teams of four or more attorneys. Did anyone read this? Use of Culper Research's ("Culper") research is at your own risk. I Got the 'SOS', So Here's My Take on the Stock's Saga Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. Mark Hake writes about personal finance on mrhake.medium.com, Newsbreak.com and Beehiiv.com. 1001 and 1030). 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. 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. 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? quotes delayed at least 15 minutes, all others at least 20 minutes. Veru has sales revenue from other medical assets it owns. 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. Picture this: Benedict Arnold, one of the United State's (U.S.) most infamous traitors and John Andre are successful in conspiring to attack West Point in 1780 ("The Culper Spy Ring," 2010). These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." Treace Shareholder Action Reminder - Treace Medical Concepts (NASDAQ 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. 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. 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. 831 Words4 Pages. Is this happening to you frequently? 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. Culperspyday Tri-Spy Tours Customer Service| For example, the Culper Research report alleges the entire February 2020 acquisition of p2k Labs, Inc. is "another undisclosed related party transaction, as CleanSpark's CFO Lori Love is found . Treace Medical plunges on new short report from Culper Research With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Lawsuit filed for Investors in shares of SOS Limited (NYSE: SOS) Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. Create an account to follow your favorite communities and start taking part in conversations. 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. | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? 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. But it burnt through almost $9 million in free cash flow (FCF) during its latest quarter ending Dec. 31., according to its 10-Q filing. In a 10-tweet thread digesting the report and posted on Monday, Culper accused Veru of "glaring anomalies" in its phase 3 clinical trial of coronavirus drug sabizabulin. ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . Learn More. 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. Only bright sides I can see are that none of the allegations suggest that the revenue is fake, so were still talking about a company poised to do $90M in rev this year, and that management will know theyre under a microscope and should be incentivized to clean up their act. Christian Lamarco - New York, New York, United States - LinkedIn Guys, this is a classic short attack. VERU stock remains an extremely risky bet today. Culper on Twitter Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. Yes, the two executives were at Redwood Scientific. 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. Why would the block trades be significantly lower than current stock price at the time? Just went through LifeMD's annual report and they don't break down marketing expenses per business line. The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. Mariner Research Group - Deep research in a shallow world Both options are priced the same. That's what happened to the shorts in the Gamestopfrenzy earlier this year. In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. BLINK $BLNK STOCK | I READ 26 PAGE CULPER RESEARCH - YouTube Did they not look into this and see all this??? 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? More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. 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 . LifeMD falls after new short call from Culper Research culper research legit They short the company, post these reports, and reap the benefits of people over reacting. 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. 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. 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 . So let's take a look at what Culper is saying about Aterian. 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? Value oriented and event driven investor. The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. We also invite anyone who has any information regarding the persons or entities behind Culper Research to contact the Company at the Investor Relations email address or contact number provided below. LifeMD, Inc. v. Lamarco, Civil Action 2:21-cv-1273 - Casetext If you're a natural optimist, shorts are handy as a devil's advocate, reminding you of all the bad things that can happen to your stock. More recently, Culper tweeted the response from SEC on a FOIA request for records pertaining to any investigations into OrthoPediatrics Corp., $KIDS. Yes, it works for cancers, but it does the same to all normal tissue. Defamation Suit Against Research Company Over Alleged 'Short-and Some research into Culper Research : r/LFMD - reddit
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