Use of Culper Research's ("Culper") research is at your own risk. 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. Did these scumbags have any insider information? Docent led tours every 30 minutes of the Spies! While the short report is lengthy, here is part of what Culper said. 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. u/wallstreetbets crowd? Sometimes when there is "blood in the water" other shorts will jump in as well. 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. 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. We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. How valuable are the assets if you can't trust the sales numbers? We look for stocks with the potential for big moves in the near future up or down. No LFMD executives were charged. Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. Here's what the company said in part. The Motley Fool has a disclosure policy. Did they not look into this and see all this??? But there are some warning signs here. And 9380 has actually been buying more stock in Aterian since it was acquired by the company. Prosper Junior Bakiny has no position in any of the stocks mentioned. Copyright 2023 ALM Global, LLC. 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. Under Mr. Cook's . Invest better with The Motley Fool. Reference ID: 0.9d8f1402.1677945178.3b82c472. To other RS execs were laundering money (husband and wife). 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. 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. to two felons and two alleged scam artists, all of whom will be free to dump their stock by August. Making the world smarter, happier, and richer. Guys, this is a classic short attack. 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. What Is the Best EV Stock to Buy Now? 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. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. Eric Volkman has no position in any of the stocks mentioned. But they were not involved in any fraudulent activity. Also, apparently, most of the patients in the study were outside of the U.S. 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 . Learn More. Published. License our industry-leading legal content to extend your thought leadership and build your brand. 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. $10/person - click to reserve your spot! If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. For some reason, Jacob appears to be very opposed to crypto which may tie in to Culper's short attacks on $SOS, but that is pure speculation on my part. quotes delayed at least 15 minutes, all others at least 20 minutes. Yes, it's horrible and I don't know what to do now. Verified account Protected Tweets @; Suggested users Do these allegations sound legitimate or a . Yes, it works for cancers, but it does the same to all normal tissue. . 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. Does someone more knowledgeable than me have any insight into these numbers ? Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. 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. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. Spying is a secret business and thus research into it is most difficult. 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. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. About Us. The report . For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. 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. The problem is this is a highly speculative play for most investors. 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. You agree that the information on this website is copyrighted, and you therefore agree not to distribute this information (whether the downloaded file, copies / images / reproductions, or the link to these files) in any manner other than by providing the following link http://www.culperresearch.com The failure of Culper to exercise or enforce any right or provision of these Terms of Service shall not constitute a waiver of this right or provision. This is set for next Tuesday, May 10. CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. 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. Investors could turn away from the company in droves if the researcher's allegations have merit, however. 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 . REKR reported $245,000 in Oklahoma revenue for itself, and $1,000,000 in revenue for the state of Oklahoma - "over 25,000" notices of non-compliance were issued, but REKR . Accounting issues always cause stress for investors. Your article was successfully shared with the contacts you provided. 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. Invest better with The Motley Fool. In the near term, anything can happen to a stock price. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. What kind of manipulation and block trades? Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. 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. Don't miss the crucial news and insights you need to make informed legal decisions. | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn Pretty brutal. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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 $1 Million in Retirement? This implies that it could end up wasting a lot of its cash if the Phase 3 clinical study is not successful in obtaining FDA EUA approval. An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. Picture this: Benedict Arnold, one of the United State's (U.S.) most infamous traitors and John Andre are successful in conspiring to attack West Point in 1780 ("The Culper Spy Ring," 2010). Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. 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. 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. 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? The book talks about a group of spies known as the culper spy ring. Veru 's ( VERU -0.17%) stock dipped by 5.5% on Friday as of 10:49 a.m. They short the company, post these reports, and reap the benefits of people over reacting. Were short sellers putting together a scam? By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. Some research into Culper Research. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. Veru has a market capitalization of $750 million at $8.46 as of May 6. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning through its cash. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) 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. Culper also . The suits 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 medications. Is this a bad sign for your stock? 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. I do wish to raise two issues: Rivington and my background. More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. Use of Culper Research's("Culper") research is at your own risk. We reserve the right to block IP addresses that submit excessive requests. 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. 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.". 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 . For more information, visit https://ATL-DATA.com. 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. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. He was the original owner of Roe Tavern in Setauket,N.Y. 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. That's $100 million you paid. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. 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 . 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. 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. 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. "LifeMD uses technology to make health care more accessible to people from all walks of life. The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . On the other hand, shorts are always future buyers of your stock. 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. Veru has sales revenue from other medical assets it owns. Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). Skip to Main Content. Will Aterian stock recover from this short attack? I bought this stock after Citron recommended it. Join The Legal Intelligencer now! You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. best hunting game for oculus quest 2 culper research legit. 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. 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. The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. 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.". On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. Theres even room for more lines. 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? A quick scroll through Culper's website yields very little in the way of personnel or address. Please. That's what happened to the shorts in the Gamestopfrenzy earlier this year. 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. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . On Friday, Hindenburg Research and Culper Research released scathing reports on SOS Ltd (NYSE: SOS ), a Chinese cryptocurrency mining company. 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. TICKETED EVENTS on Culper Spy Day. The Motley Fool has a disclosure policy. 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. Honestly, we are letting them win with this plummeting over-reaction. 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.. 1125 N. Charles St, Baltimore, MD 21201. So the names of the defendants in the lawsuit against Redwood were as follows. Press question mark to learn the rest of the keyboard shortcuts. The case is 2:21-cv-01273, Lifemd, Inc et al v. Lamarco et al. 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 that attitude raises a few questions. Research is not investment advice nor a recommendation or solicitation to buy securities. We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. Read the complaint here: To view this content, please continue to their sites. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Tickets are limited. Invest better with The Motley Fool. 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. 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. Agreed, this is pretty shitty but have to wait for the response. 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. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. Aterian (f.k.a. The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. 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. 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. 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. 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. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. 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). That is because $36 includes all of company's business lines, not just RexMD. The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. 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? In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery Sign up below to get this incredible offer! ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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.