Accounting issues always cause stress for investors. And, the marketing expense for RexMD by Culper is just an "estimate". Veru has a market capitalization of $750 million at $8.46 as of May 6. It looks very bad . 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. "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." We look for stocks with the potential for big moves in the near future up or down. He was the original owner of Roe Tavern in Setauket,N.Y. The Motley Fool has a disclosure policy. How valuable are the assets if you can't trust the sales numbers? The report . 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? Contact Us| The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. Yes, the two executives were at Redwood Scientific. Investors could turn away from the company in droves if the researcher's allegations have merit, however. That's what happened to the shorts in the Gamestopfrenzy earlier this year. For example, on April 11 Veru announced its Covid-19 drug brought down the mortality rate by 55% but the Culper report said that this was a manipulation of how high mortality rates were with Covid-19. Also he was allowed to treat patients via telehealth telehealth while on probation (src). Click to reserve your spot! The book talks about a group of spies known as the culper spy ring. Treace Medical plunges on new short report from Culper Research 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. Your article was successfully shared with the contacts you provided. CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . 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. 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. Aterian Issues Statement on Inaccurate and Misleading Report by Culper Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. 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. 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. 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/. Hindenburg Research - Investigative Research & Reporting The Motley Fool has a disclosure policy. George Washington and the Culper Spy Ring - Stony Brook University On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. 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. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. 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. White Diamond Research | About Us Culper also . LFMD responded to short report, denying the claims and will report something in detail soon. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. 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? Why LifeMD Stock Is Getting Crushed Today | The Motley Fool Sign up below to get this incredible offer! Customer Service| One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. 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. But there are some warning signs here. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). In this conversation. 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 . Treace Shareholder Action Reminder - Treace Medical Concepts (NASDAQ SEC.gov | HOME to two felons and two alleged scam artists, all of whom will be free to dump their stock by August. Use of Culper Research's ("Culper") research is at your own risk. For more information, please see the SECs Web Site Privacy and Security Policy. If you can't trust management, or its numbers, you really shouldn't be in a stock. 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 . 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. As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. To other RS execs were laundering money (husband and wife). 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 . 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? One concern is that the t otal a ddressable m arket ( TAM) for all forms of . Copyright 2023 ALM Global, LLC. 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 . At this point, the connection between all these entities and Culper is unclear, beyond the fact that Culper posted the response to Ma-Weaver/Cable Car Capital's SEC FOIA request back in December. Veru has a market capitalization of $750 million at $8.46 as of May 6. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. But they were not involved in any fraudulent activity. Use of Culper Research's ("Culper") research is at your own risk. On the other hand, shorts are always future buyers of your stock. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). Is this a bad sign for your stock? With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? Yes, it's horrible and I don't know what to do now. Did anyone read this? Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. "We believe that the Company has . The Patriots (colonists) were fighting against the British, in this war. Mariner Research Group - Deep research in a shallow world Press question mark to learn the rest of the keyboard shortcuts. Skip to Main Content. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. Sometimes when there is "blood in the water" other shorts will jump in as well. Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. Did these scumbags have any insider information? By downloading from or viewing material on this website you agree to the following Terms of Service. 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. 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. Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. Treace Investor Alert - Treace Medical Concepts (NASDAQ:TMCI) Learn More. 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. Research is not investment advice nor a recommendation or solicitation to buy securities. The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. However, such information is presented as is, without warranty of any kind whether express or implied. BLINK $BLNK STOCK | I READ 26 PAGE CULPER RESEARCH - YouTube To make the world smarter, happier, and richer. George Washington's Culper Spy Ring: Separating Fact from Fiction Five days later, the short report came public. "LifeMD uses technology to make health care more accessible to people from all walks of life. If you have an ad-blocker enabled you may be blocked from proceeding. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. CleanSpark Investigating Short Seller Culper Research. Nasdaq 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%. 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. 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. Investigation Alert: Kessler Topaz Meltzer & Check, LLP is 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. 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 . Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. Like, within two days of the report, which just adds to the shadiness of the situation. Under Mr. Cook's . 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. Culper Research alleges that the company appears to use unlicensed doctors to dispense OTC medications. $10/person - Space is limited. Use of Culper Research's("Culper") research is at your own risk. Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Mark Hake writes about personal finance on mrhake.medium.com, Newsbreak.com and Beehiiv.com. All Rights Reserved. Where This Leaves Investors in Veru Stock. Investors might want to watch out. Thank you for your interest in the U.S. Securities and Exchange Commission. This cant be right ? On April 29, the company rebranded from Mohawk Group Holdings to Aterian. 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. Culper on Twitter: "It appears $LFMD is once again attempting to bury For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. Culper Research For example, on April 11 Veru announced its Covid-19 drug brought down the mortality rate by 55% but the Culper report said that this was a manipulation of how high mortality rates were with Covid-19. Sucks. I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. 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. And changing your chief financial officer in the midst of this doesn't exactly reassure. Please declare your traffic by updating your user agent to include company specific information. CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. 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. 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. 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. The Great CytoDyn (OTCQB: CYDY) Bear Raid Fails to Impress Yes, it works for cancers, but it does the same to all normal tissue. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. 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. Home - George Washington and the Culper Spy Ring - Research & Subject You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . PDF Disclaimer - IA Rugby.com Published. The problem is this is a highly speculative play for most investors. 1001 and 1030). Time to Buy? 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. 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. The Motley Fool has no position in any of the stocks mentioned. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. 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. lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery 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. Docent led tours every 30 minutes of the Spies! Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. 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. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. culper research legit - creditsolutionexperts.com The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. I Got the 'SOS', So Here's My Take on the Stock's Saga Lorem ipsum dolor sit amet, consectetur adipiscing elit. Why Veru Stock Got Dented Today | The Motley Fool Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . Create an account to follow your favorite communities and start taking part in conversations. Our Team Account subscription service is for legal teams of four or more attorneys. Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). Feel like going after another group of asshole short sellers trying to screw over us regular investors? 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. VERU Stock Could Face Difficulties If the Culper Research Report Is Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including, without limitation: the successful deployment energy solution on the project, the fitness of our energy software and solutions for this particular application or market, the expectations of future revenue growth may not be realized, ongoing demand for our software products and related services, the impact of global pandemics (including COVID-19) on the demand for our products and services; and other risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in our Annual Report on Form 10-K and any subsequent filings with the SEC.