Did they not look into this and see all this??? Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. Yes, it works for cancers, but it does the same to all normal tissue. And changing your chief financial officer in the midst of this doesn't exactly reassure. Our Team Account subscription service is for legal teams of four or more attorneys. If you can't trust management, or its numbers, you really shouldn't be in a stock. 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. 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? 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. 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. The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. Culper research countered with a well-timed short report tweeted at 8:05 AM spreading fear in the minds of longs that something was wrong going into the investor call. Credit Solution Experts Incorporated offers quality business credit building services, which includes an easy step-by-step system designed for helping clients build their business credit effortlessly. On April 29, the company rebranded from Mohawk Group Holdings to Aterian. 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. 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. 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. Yes, in the short term, a short attack on a small cap will often send shares down, and Aterian's stock has dropped 35% since the report came out. 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. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. 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.". Cost basis and return based on previous market day close. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Are u selling or still holding? Verified account Protected Tweets @; Suggested users In the near term, anything can happen to a stock price. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). Lorem ipsum dolor sit amet, consectetur adipiscing elit. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. Looking at the relevant FOIA request logs on the SEC website suggests an individual named Jacob Ma-Weaver twitter linkedin acting on behalf of what appears to be his short-selling fund Cable Car Capital LLC. The Motley Fool has a disclosure policy. 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. 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. culper research legitmichelle fleury ancestry. 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. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . Press question mark to learn the rest of the keyboard shortcuts. To hide from slander cases, perhaps?). Learn More. The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. Mohawk Group Holdings) was founded by . 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. Skip to Main Content. The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. How valuable are the assets if you can't trust the sales numbers? The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . 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 . As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. Invest better with The Motley Fool. Use of Culper Research's ("Culper") research is at your own risk. 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. 831 Words4 Pages. 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 . Cost basis and return based on previous market day close. WOW Very BOLD and INTENSE claims made by Culper Research about Blink Charging Fraud!! Holders of short positions trade on an expected decline in the price of a stock. Time to Buy? We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. from 8 AM - 9 PM ET. We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. Use of Culper Research's ("Culper") research is at your own risk. Does someone more knowledgeable than me have any insight into these numbers ? The report seems to imply that Veru will be another failure just like other drug companies the management has run. u/wallstreetbets crowd? TICKETED EVENTS on Culper Spy Day. 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. Terms of Service. Taylor Carmichael has no position in any of the stocks mentioned. 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. 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. The company generated about $23,100 in revenue for the first half of 2021. 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. Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). Not a Bloomberg Law Subscriber?Subscribe Now. To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. Veru 's ( VERU -0.17%) stock dipped by 5.5% on Friday as of 10:49 a.m. He was the original owner of Roe Tavern in Setauket,N.Y. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? Also he was allowed to treat patients via telehealth telehealth while on probation (src). 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. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. What should investors make of the allegations brought forth by Culper Research? Do these allegations sound legitimate or a . 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. The Xometry Short Report. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. Criminal Allegations, and an ICO Scam . The Motley Fool recommends Aterian, Inc. On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. The case is 2:21-cv-01273, Lifemd, Inc et al v. Lamarco et al. For example, if it has to redesign the study and start from scratch the costs could go up. The second major issue the Culper report has with Veru is the quality of management. It looks very bad . 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. 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. While the short report is lengthy, here is part of what Culper said. CleanSpark Investigating Short Seller Culper Research. Making the world smarter, happier, and richer. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. 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. According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. What kind of manipulation and block trades? Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. Learn More. Sign up below to get this incredible offer! 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. But they were not involved in any fraudulent activity. 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? This suit was surfaced by Law.com Radar. 1125 N. Charles St, Baltimore, MD 21201. 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. In 5 minutes of searching, you can see they take partial truths and exaggerate them. If you have an ad-blocker enabled you may be blocked from proceeding. But there are some warning signs here. Spying is a secret business and thus research into it is most difficult. 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. Nasdaq 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. Join The Legal Intelligencer now! 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. Click to reserve your spot! 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. Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . 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. Pretty brutal. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . I bought calls just before market close yesterday lol fuck my life. best hunting game for oculus quest 2 culper research legit. Site Map, Advertise| In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. Published. 1-2, 13). 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. 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. Is This Warren Buffett Stock a Buy After Its Dividend Boost? 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. Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. The Motley Fool has a disclosure policy. Create an account to follow your favorite communities and start taking part in conversations. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. In this conversation. 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/. Note: We do not offer technical support for developing or debugging scripted downloading processes. 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. Research is not investment advice nor a recommendation or solicitation to buy securities. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. Customer Service| On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). 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. Yes and no. The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. 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. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. 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. exhibit at the Three Village Historical Society. 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. 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). Sucks. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. to two felons and two alleged scam artists, all of whom will be free to dump their stock by August. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. It seems clear to us that this report is an attempt by a short seller to negatively impact . 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. 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. 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. 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 . 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. You agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of this website or the material herein must be filed within one (1) year after such claim or cause of action arose or be forever barred. An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. Use of Culper Research's("Culper") research is at your own risk. 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. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . Invest better with The Motley Fool. Use of Culper Research's ("Culper") research is at your own risk. Accounting issues always cause stress for investors. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . 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. Agreed, this is pretty shitty but have to wait for the response. 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. Your article was successfully shared with the contacts you provided. Guys, this is a classic short attack. 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. Read the complaint here. This is set for next Tuesday, May 10. Culper also . The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. Docent led tours every 30 minutes of the Spies! However, such information is presented as is, without warranty of any kind whether express or implied. 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. 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 . These statements are based on CleanSpark's current beliefs and expectations. That's $100 million you paid. Published on June 1, 2022 June 3, 2022. The Patriots (colonists) were fighting against the British, in this war. Honestly, we are letting them win with this plummeting over-reaction. By downloading from or viewing material on this website you agree to the following Terms of Service. . 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. All Rights Reserved. CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . I do wish to raise two issues: Rivington and my background. 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! 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. Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. The rather eclectic biotech -- it has a female contraceptive product, FC2, on the market, and is developing cancer drugs -- has attracted much interest because of the apparently promising sabizabulin. . 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. 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. Further, Culper Research thinks LifeMD is engaged in fraudulent and illegal activities that are similar to those of Redwood Scientific, a company that faced severe legal penalties at the hands of the U.S. Federal Trade Commission (FTC) back in 2018. 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. Don't miss the crucial news and insights you need to make informed legal decisions. Five days later, the short report came public. A company that relies on acquisitions to make its revenue go up can be hiding a sales deterioration in the existing business. *Average returns of all recommendations since inception. CLEANSPARK INVESTIGATING SHORT SELLER CULPER RESEARCH . 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. Making the world smarter, happier, and richer. 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 . 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. The Motley Fool has a disclosure policy. Investors might want to watch out. 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. Nonetheless the six month delay in reporting is worrisome. 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. 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 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 . The problem is this is a highly speculative play for most investors. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. 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.