Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. Also, apparently, most of the patients in the study were outside of the U.S. 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? Use of Culper Research's("Culper") research is at your own risk. 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. 1125 N. Charles St, Baltimore, MD 21201. A company that relies on acquisitions to make its revenue go up can be hiding a sales deterioration in the existing business. If you can't trust management, or its numbers, you really shouldn't be in a stock. 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. Don't miss the crucial news and insights you need to make informed legal decisions. For example, if it has to redesign the study and start from scratch the costs could go up. 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 . The case is 2:21-cv-01273, Lifemd, Inc et al v. Lamarco et al. 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. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! What should investors make of the allegations brought forth by Culper Research? Invest better with The Motley Fool. 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. 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. Nonetheless the six month delay in reporting is worrisome. Verified account Protected Tweets @; Suggested users At just 150 patients, the trial is a . CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. We reserve the right to block IP addresses that submit excessive requests. Here's what the company said in part. 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. On October 31, 2019, Culper Research published a scathing report detailing reasons Culper Research believes the Company's internal review "was a farce, and shares are ultimately worthless." Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. 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. https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. Veru has sales revenue from other medical assets it owns. In 5 minutes of searching, you can see they take partial truths and exaggerate them. 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. 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. Copyright 2023 Culper Research - All Rights Reserved. The researcher is also highly unimpressed with the executives guiding the company. Yes, the two executives were at Redwood Scientific. And, the marketing expense for RexMD by Culper is just an "estimate". Create an account to follow your favorite communities and start taking part in conversations. 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. For more information, contact opendata@sec.gov. 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%. 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 . The book talks about a group of spies known as the culper spy ring. The report seems to imply that Veru will be another failure just like other drug companies the management has run. However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. 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. The publisher of this false . Site Map, Advertise| 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. The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law. Veru has not yet officially responded to Culper's accusations, which are worrying. 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. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. If you have an ad-blocker enabled you may be blocked from proceeding. 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. Culper also . 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. CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . Prosper Junior Bakiny has no position in any of the stocks mentioned. What kind of manipulation and block trades? 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. Also he was allowed to treat patients via telehealth telehealth while on probation (src). 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 . But there are some warning signs here. 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. Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. 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! 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. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? Lorem ipsum dolor sit amet, consectetur adipiscing elit. Tickets are limited. We look for stocks with the potential for big moves in the near future up or down. Culper Research alleges that the company appears to use unlicensed doctors to dispense OTC medications. Down 94%, Is Carvana Stock a Buy-the-Dip Opportunity? what are you doing after this report? If Justin and Stefan were involved in anyway they would have been on the list of named defendants. 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). That's $100 million you paid. WOW Very BOLD and INTENSE claims made by Culper Research about Blink Charging Fraud!! Where This Leaves Investors in Veru Stock. 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. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). "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." 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. 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 . Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. best hunting game for oculus quest 2 culper research legit. The Xometry Short Report. I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. It is very clear that one of their tactics is to submit FOIA requests for information regarding investigations into companies they are attacking, which if you know the Freedom of Information Act, is information that would never be released to the public. Unlimited access to The Legal Intelligencer, Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications. Research is not investment advice nor a recommendation or solicitation to buy securities. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. culper research legitsan juan airport restaurants hours. Taylor Carmichael has no position in any of the stocks mentioned. By downloading from or viewing material on this website you agree to the following Terms of Service. 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. Use of Culper Research's ("Culper") research is at your own risk. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. 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. 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. 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. Press question mark to learn the rest of the keyboard shortcuts. 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. How valuable are the assets if you can't trust the sales numbers? 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. 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. *Average returns of all recommendations since inception. Toggle Navigation Hindenburg Research. Is this a bad sign for your stock? The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . 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. That's what happened to the shorts in the Gamestopfrenzy earlier this year. 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. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Jan 21, 2021 1:53PM EST. Your article was successfully shared with the contacts you provided. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . 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. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. Click to reserve your spot! 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. CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. 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. 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. These statements are based on CleanSpark's current beliefs and expectations. The problem is this is a highly speculative play for most investors. 1001 and 1030). 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? Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . Use of Culper Research's ("Culper") research is at your own risk. As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. 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. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. Create an account to follow your favorite communities and start taking part in conversations. Cost basis and return based on previous market day close. We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Does someone more knowledgeable than me have any insight into these numbers ? Five days later, the short report came public. To hide from slander cases, perhaps?). Published. Reddit and its partners use cookies and similar technologies to provide you with a better experience. exhibit at the Three Village Historical Society. The Motley Fool has no position in any of the stocks mentioned. 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. 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? lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. Aterian (f.k.a. Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. Veru has a market capitalization of $750 million at $8.46 as of May 6. This cant be right ? Treace Medical Concepts (TMCI) dropped 17% after a new short report from Culper Research.Culper Research says it's short the stock.Treace Medical (TMCI) didn't immediately return. 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.. . *Average returns of all recommendations since inception. 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 . For more information, visit https://ATL-DATA.com. On the other hand, the stock dropped 25% . 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. Miracle Cures and Murder For Hire: How A Spoon-Bending Turkish Magician Built A $600 Million Nasdaq-Listed Scam Based On A Lifetime Of Lies. LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. The most trusted brand in stock market news; Fatest intelligence & alerts; Active trader chat rooms; Option trade alerts; Only comprehensive mobile notifications solution 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. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. 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. 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. And changing your chief financial officer in the midst of this doesn't exactly reassure. 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). Sucks. Copyright 2023 ALM Global, LLC. The Motley Fool has no position in any of the stocks mentioned. Docent led tours every 30 minutes of the Spies! In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) Learn More. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. quotes delayed at least 15 minutes, all others at least 20 minutes. "LifeMD uses technology to make health care more accessible to people from all walks of life. While the short report is lengthy, here is part of what Culper said. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The report . This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. About Us. The second major issue the Culper report has with Veru is the quality of management. 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 . Invest better with The Motley Fool. Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). 1-2, 13). 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. Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms financials, staffing, clients, news and events. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. No LFMD executives were charged. 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. Please disable your ad-blocker and refresh. LFMD execs were not involved, and left the company. That is because $36 includes all of company's business lines, not just RexMD. "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. 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. Cost basis and return based on previous market day close. I do wish to raise two issues: Rivington and my background. Reference ID: 0.9d8f1402.1677945178.3b82c472. from 8 AM - 9 PM ET. 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 could potentially be a turning point for Veru stock. Our 3 Top Picks. Im holding on to see the company response. Yes and no. Not really sure how to end this post, but please let me know think. 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.

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