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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! Culper on Twitter Do these allegations sound legitimate or a . The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. What should investors make of the allegations brought forth by Culper Research? That's $100 million you paid. Jan 21, 2021 1:53PM EST. 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. Learn More. 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 Motley Fool has a disclosure policy. Press question mark to learn the rest of the keyboard shortcuts. Please. Im holding on to see the company response. Thank you for your interest in the U.S. Securities and Exchange Commission. Culper Research alleges that the company appears to use unlicensed doctors to dispense OTC medications. Site Map, Advertise| 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. from 8 AM - 9 PM ET. Veru has not yet officially responded to Culper's accusations, which are worrying. Does someone more knowledgeable than me have any insight into these numbers ? SEC.gov | HOME 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. Read the complaint here: To view this content, please continue to their sites. We look for stocks with the potential for big moves in the near future up or down. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. 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. Mark Hake writes about personal finance on mrhake.medium.com, Newsbreak.com and Beehiiv.com. One concern is that the t otal a ddressable m arket ( TAM) for all forms of . Core Scientific stock drops after new short call from Culper Research But they were not involved in any fraudulent activity. We reserve the right to block IP addresses that submit excessive requests. Culperspyday Tri-Spy Tours WOW Very BOLD and INTENSE claims made by Culper Research about Blink Charging Fraud!! Some research into Culper Research : r/LFMD - reddit 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. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. 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. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. 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. These statements are based on CleanSpark's current beliefs and expectations. George Washington's Secret Six By Brian Kilmeade | ipl.org 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. Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. 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. That could potentially be a turning point for Veru stock. Dissecting the Xometry Stock Short Report - Nanalyze The Patriots (colonists) were fighting against the British, in this war. So the names of the defendants in the lawsuit against Redwood were as follows. The report . Cost basis and return based on previous market day close. 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. Treace Investor Alert - Treace Medical Concepts (NASDAQ:TMCI) The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. The researcher is also highly unimpressed with the executives guiding the company. The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. To other RS execs were laundering money (husband and wife). 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. VERU Stock Could Face Difficulties If the Culper Research Report Is culper research legitsan juan airport restaurants hours. 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 . 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. "We believe that the Company has . 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. No LFMD executives were charged. For questions call 1-877-256-2472 or contact us at [emailprotected], Shearman and Hogan Lovells Call Off Merger Talks, Early Reports: 2023 Am Law 200 Financials, Beyond Excess Capacity, Pooled Services and Automation Expedite Staff Layoffs, Dozens of Law Firms Grew Their Equity Partner Tier, Even as Profits and Demand Plummeted. Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. In its report, Culper Research makes a series of claims concerning LifeMD, its executives, and its operations which, if true, could be devastating to the healthcare company and its shareholders. 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. According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. So let's take a look at what Culper is saying about Aterian. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. Are the Short Sellers Right About Aterian? | The Motley Fool - Nasdaq For that matter, changing the name of your company a week before a short attack might make people nervous, too. In this conversation. Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! The problem is it has just $116.1 million in cash as of Dec. 31 and is burning . This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. LifeMD (NASDAQ: LFMD) dropped 16% after a 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. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? BLINK $BLNK STOCK | I READ 26 PAGE CULPER RESEARCH - YouTube Docent led tours every 30 minutes of the Spies! Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? Culper Research 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. It looks very bad . Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. 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. Our 3 Top Picks. 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. 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 . 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. 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. And changing your chief financial officer in the midst of this doesn't exactly reassure. 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. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. When typing in this field, a list of search results will appear and be automatically updated as you type. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! It's important to remember that there are two sides to every story. Use of Culper Research's("Culper") research is at your own risk. And, the marketing expense for RexMD by Culper is just an "estimate". Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. Sign up below to get this incredible offer! 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. 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. I bought calls just before market close yesterday lol fuck my life. 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. Why Veru Stock Got Dented Today | The Motley Fool "LifeMD uses technology to make health care more accessible to people from all walks of life. quotes delayed at least 15 minutes, all others at least 20 minutes. Value oriented and event driven investor. Target Stock is Down Nearly 40% From Its High. 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). 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. Read the complaint here. 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. Veru has a market capitalization of $750 million at $8.46 as of May 6. 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. 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 . Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Aterian Issues Statement on Inaccurate and Misleading Report by Culper The Culper Spy Ring was assembled in 1778 by Major Benjamin Tallmadge (alias, John Bolton/721) at the request of General George Washington (711) and operated on Long Island (728) and New York City (727) during the . Making the world smarter, happier, and richer. On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. 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. Nonetheless the six month delay in reporting is worrisome. Prosper Junior Bakiny has no position in any of the stocks mentioned. 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. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. Veru Shares Move Lower; Culper Research Release Short Report On Stock For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Copyright 2023 ALM Global, LLC. Adam s cook | Culper Capital Partners Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Copyright 2023 Culper Research - All Rights Reserved. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. 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. They short the company, post these reports, and reap the benefits of people over reacting. Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. I bought this stock after Citron recommended it. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . Investor Alert: Kaplan Fox Investigates Potential - GlobeNewswire News Room That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. 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. VERU stock remains an extremely risky bet today. This cant be right ? If you have an ad-blocker enabled you may be blocked from proceeding. 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. 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. PDF Disclaimer - IA Rugby.com Cost basis and return based on previous market day close. 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.