So the names of the defendants in the lawsuit against Redwood were as follows. Mohawk Group Holdings) was founded by . *Average returns of all recommendations since inception. 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. 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. Research Materials about George Washington, the Culper Spy Ring, and the American Revolutionary War. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Also, apparently, most of the patients in the study were outside of the U.S. Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. 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. Terms of Service. 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 two short-sellers claimed that SOS stock was an . And 9380 has actually been buying more stock in Aterian since it was acquired by the company. Taylor Carmichael has no position in any of the stocks mentioned. lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery By downloading from or viewing material on this website you agree to the following Terms of Service. Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." 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. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . It looks very bad . ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . 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? At just 150 patients, the trial is a . Eric Volkman has no position in any of the stocks mentioned. A quick scroll through Culper's website yields very little in the way of personnel or address. Veru (VERU -35.98%) has found itself the target of a short-seller, and as a result the biotech company's shares took a more than 12% hit on an otherwise upbeat Monday for the wider stock market. 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). 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%. Not a Bloomberg Law Subscriber?Subscribe Now. Criminal Allegations, and an ICO Scam . Sometimes when there is "blood in the water" other shorts will jump in as well. 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. Im holding on to see the company response. Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. Verified account Protected Tweets @; Suggested users Did anyone read this? 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. Yes, it's horrible and I don't know what to do now. 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. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . 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 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. But there are some warning signs here. All Rights Reserved. . Just went through LifeMD's annual report and they don't break down marketing expenses per business line. 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. *Average returns of all recommendations since inception. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. 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. Some research into Culper Research. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. Customer Service| Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. LFMD execs were not involved, and left the company. In 5 minutes of searching, you can see they take partial truths and exaggerate them. Note: We do not offer technical support for developing or debugging scripted downloading processes. TICKETED EVENTS on Culper Spy Day. 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 . The company generated about $23,100 in revenue for the first half of 2021. 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. 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. 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. I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. 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. The book talks about a group of spies known as the culper spy ring. No LFMD executives were charged. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . 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. 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. 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. Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. Making the world smarter, happier, and richer. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. 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. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Are u selling or still holding? Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! A recent report by Culper Research contains numerous false and misleading statements about our company. 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. 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. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 Contact Us| How valuable are the assets if you can't trust the sales numbers? Copyright 2023 ALM Global, LLC. Published. 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. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. 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. 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. 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. 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. https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. 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. 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. 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. However, such information is presented as is, without warranty of any kind whether express or implied. Tickets are limited. Reference ID: 0.9d8f1402.1677945178.3b82c472. Clickhereto get started and be first to know about new suits in your region, practice area or client sector. LFMD responded to short report, denying the claims and will report something in detail soon. For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. 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. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? 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. 1001 and 1030). 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 Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. 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. Theres even room for more lines. That's $100 million you paid. 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 . Learn More. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. That's what happened to the shorts in the Gamestopfrenzy earlier this year. That is because $36 includes all of company's business lines, not just RexMD. Between the Hindenburg "Report" (a series of tweets), some firm called Culper Research (who seems to have a mediocre track record), and multiple YouTube videos, investors have a lot to consider. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. To make the world smarter, happier, and richer. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. Is this happening to you frequently? This is set for next Tuesday, May 10. The Austin-based company went public on the Nasdaq via a special purpose acquisition vehicle, or SPAC, in January 2022. Spying is a secret business and thus research into it is most difficult. Press question mark to learn the rest of the keyboard shortcuts. He was the original owner of Roe Tavern in Setauket,N.Y. CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . The second major issue the Culper report has with Veru is the quality of management. But that attitude raises a few questions. Prior to co-founding Culper Capital Partners, he served as Majority Shareholder, Chairman & CEO of Glebar Company ("Glebar"), a role which he held from April 2013 to March 2020. Your article was successfully shared with the contacts you provided. Veru(NASDAQ:VERU) is set to discuss on May 10 with the Food and Drug Administration a pre-Emergency Use Authorization (EUA) meeting for its Phase 3 Covid-19 drug, sabizabulin (VERU-111). Not really sure how to end this post, but please let me know think. *Average returns of all recommendations since inception. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. Learn More. If you have an ad-blocker enabled you may be blocked from proceeding. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning . 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. For more information, please see the SECs Web Site Privacy and Security Policy. Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). Do these allegations sound legitimate or a . Cost basis and return based on previous market day close. CleanSpark Investigates Anonymous Short Seller. Did they not look into this and see all this??? 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. On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. Five days later, the short report came public. 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. 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. We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. 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. Copyright 2023 InvestorPlace Media, LLC. 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. Under Mr. Cook's . 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. Yes, it works for cancers, but it does the same to all normal tissue. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. 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 . Read the complaint here. In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning through its cash. Docent led tours every 30 minutes of the Spies! Accounting issues always cause stress for investors. 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 . This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. Does someone more knowledgeable than me have any insight into these numbers ? 10 czerwca 2022 On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. Click to reserve your spot! 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 . Site Map, Advertise| Please. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . To hide from slander cases, perhaps?). Thus, we assign the incremental $18.0M to RexMD. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. Jan 21, 2021 1:53PM EST. To other RS execs were laundering money (husband and wife). About Us. We reserve the right to block IP addresses that submit excessive requests. 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. 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. 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. Why would the block trades be significantly lower than current stock price at the time? Will Aterian stock recover from this short attack? 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. Were short sellers putting together a scam? The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. 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. The publisher of this false . 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? 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. 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. Like, within two days of the report, which just adds to the shadiness of the situation. 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. By downloading from or viewing material on this website you agree to the following Terms of Service. Making the world smarter, happier, and richer. 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. Aterian issued a press release to respond to the short attack. The company did not report any news, but these losses are a result of a short-seller report issued by investigative research firm Culper Research. The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. Special Collections, a division of Stony Brook University Libraries (SBU Libraries) is the owner and steward of two American Revolutionary War-era, Culper Spy Ring letters authored by George Washington. Making the world smarter, happier, and richer. Culper also . Another bright side is the short report does not have a single mention of PDFSimpli, so if all else fails and the telehealth biz goes to zero at least we have a market cap base of maybe $60-70 million for PDFSimpli lol. Research is not investment advice nor a recommendation or solicitation to buy securities. Sucks. Culper alleges that Core Scientific "wildly oversold" both its mining and hosting business. Press question mark to learn the rest of the keyboard shortcuts. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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/. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and we undertake no obligation to revise or update this press release to reflect events or circumstances after the date hereof. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. 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. 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. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. $10/person - Space is limited. Published on June 1, 2022 June 3, 2022. License our industry-leading legal content to extend your thought leadership and build your brand. For instance, Culper Research alleges that LifeMD presents misleading information regarding its network of doctors and even uses unlicensed professionals "to dispense OTC medication.".