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. SOS Stock: Is it Buy the Bounce or Run Like Hell? The problem is it has just $116.1 million in cash as of Dec. 31 and is burning through its cash. Adam s cook | Culper Capital Partners The problem is this is a highly speculative play for most investors. The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . 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. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. 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. Where This Leaves Investors in Veru Stock. CleanSpark Investigating Short Seller Culper Research. LifeMD, Inc. v. Lamarco, Civil Action 2:21-cv-1273 - Casetext We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. The publisher of this false . 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. The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. Is this happening to you frequently? Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Spying is a secret business and thus research into it is most difficult. 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. The company generated about $23,100 in revenue for the first half of 2021. 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. I bought calls just before market close yesterday lol fuck my life. CLEANSPARK INVESTIGATING SHORT SELLER CULPER RESEARCH . Redwood Scientific Technologies (parent company of RengaLife), Danielle Cadiz (a Redwood executive since December 2016), Advanced Mens Institute Prolongz LLC (Redwoods prior company name), Run Away Products LLC (New York company used to advertise Redwood products) and, Carols Place Limited Partnership (a related asset management limited partnership, owned by the Cardiffs). The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . Copyright 2023 ALM Global, LLC. In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. 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. 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. As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. Cost basis and return based on previous market day close. | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) Use of Culper Research's("Culper") research is at your own risk. The two short-sellers claimed that SOS stock was an . Does someone more knowledgeable than me have any insight into these numbers ? On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. 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. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. 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. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. So the names of the defendants in the lawsuit against Redwood were as follows. Culper Short Report : r/LFMD - reddit The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. 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. On October 31, 2019, Culper Research published a scathing report detailing reasons Culper Research believes the Company's internal review "was a farce, and shares are ultimately worthless." About Us| 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 . 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). 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. Use of Culper Research's("Culper") research is at your own risk. 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. culper research legitsan juan airport restaurants hours. 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? 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. Short-sellers take aim at Chinese blockchain firm SOS, shares tumble This cant be right ? Just went through LifeMD's annual report and they don't break down marketing expenses per business line. Why would the block trades be significantly lower than current stock price at the time? Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. They short the company, post these reports, and reap the benefits of people over reacting. 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. Eric Volkman has no position in any of the stocks mentioned. To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. 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. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Please. Investigation Alert: Kessler Topaz Meltzer & Check, LLP is 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. $3.6MM ADDITIONAL, PREVIOUSLY CONCEALED, RELATED PARTY - Yahoo! 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. Clickhereto get started and be first to know about new suits in your region, practice area or client sector. The Austin-based company went public on the Nasdaq via a special purpose acquisition vehicle, or SPAC, in January 2022. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. 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. 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. BLINK $BLNK STOCK | I READ 26 PAGE CULPER RESEARCH - YouTube To hide from slander cases, perhaps?). Veru 's ( VERU -0.17%) stock dipped by 5.5% on Friday as of 10:49 a.m. Mohawk Group Holdings) was founded by . White Diamond Research | About Us The problem is it has just $116.1 million in cash as of Dec. 31 and is burning . LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from 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. best hunting game for oculus quest 2 culper research legit. 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. "LifeMD uses technology to make health care more accessible to people from all walks of life. Thank you for your interest in the U.S. Securities and Exchange Commission. Some research into Culper Research. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. By downloading from or viewing material on this website you agree to the following Terms of Service. Culper Spy Ring Thesis - 167 Words | Bartleby However, such information is presented as is, without warranty of any kind whether express or implied. Toggle Navigation Hindenburg Research. But there are some warning signs here. Join The Legal Intelligencer now! 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. The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." Sucks. https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. In this conversation. Sign up below to get this incredible offer! 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. On Wall Street, H.C. Wainwright dropped Blink Charging to a Neutral rating from Buy last week on a valuation call that did not allude to any wrongdoing at the company.. Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. 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. 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. That's $100 million you paid. Nasdaq The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. 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 . If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. 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? Veru Stock Could Face Difficulties If the Culper Research Report Is True Investor Alert: Kaplan Fox Investigates Potential - GlobeNewswire News Room Culper on Twitter Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? 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. 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 . We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. 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. 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. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. Theyre calculating that LFMD spends an average of $36 in marketing costs per webpage visitor for REXMD while HIMS spends an average of $2.14 per website visitor for its products . Did they not look into this and see all this??? The most trusted brand in stock market news; Fatest intelligence & alerts; Active trader chat rooms; Option trade alerts; Only comprehensive mobile notifications solution According to the accounting firm, the numbers are fine. The points Culper makes are quite compelling and raise substantial questions about the history of the CEO, Mitchell Steiner, and the EVP of Clinical Affairs, Robert Getzenberg. 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. Did anyone read this? The Motley Fool recommends Aterian, Inc. It's important to remember that there are two sides to every story. Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. George Washington and the Culper Spy Ring - Stony Brook University Making the world smarter, happier, and richer. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. All rights reserved. Use of Culper Research's ("Culper") research is at your own risk. 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%. Docent led tours every 30 minutes of the Spies! Veru has not yet officially responded to Culper's accusations, which are worrying. CleanSpark Investigating Short Seller Culper Research - PR Newswire 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. Aterian Issues Statement on Inaccurate and Misleading Report by Culper George Washington's Culper Spy Ring: Separating Fact from Fiction For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. Did these scumbags have any insider information? 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. "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." 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 . Theres even room for more lines. How valuable are the assets if you can't trust the sales numbers? 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. Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. Not a Bloomberg Law Subscriber?Subscribe Now. Press question mark to learn the rest of the keyboard shortcuts. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. 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. 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? 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. These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." Click to reserve your spot! If you have an ad-blocker enabled you may be blocked from proceeding. One concern is that the t otal a ddressable m arket ( TAM) for all forms of . 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. All rights reserved. Copyright 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. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. . 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. The Motley Fool has no position in any of the stocks mentioned. 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. Value oriented and event driven investor. . Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? 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. While the short report is lengthy, here is part of what Culper said. Mark Hake writes about personal finance on mrhake.medium.com, Newsbreak.com and Beehiiv.com. 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. 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. But they were not involved in any fraudulent activity. Research is not investment advice nor a recommendation or solicitation to buy securities.