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. 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. 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. The problem is this is a highly speculative play for most investors. The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. Veru has not yet officially responded to Culper's accusations, which are worrying. Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. 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. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . The Xometry Short Report. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. 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. If you have an ad-blocker enabled you may be blocked from proceeding. And 9380 has actually been buying more stock in Aterian since it was acquired by the company. Time to Buy? *Average returns of all recommendations since inception. Read the complaint here. 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? Use of Culper Research's ("Culper") research is at your own risk. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. 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. One concern is that the t otal a ddressable m arket ( TAM) for all forms of . 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. Were short sellers putting together a scam? Spying is a secret business and thus research into it is most difficult. Don't miss the crucial news and insights you need to make informed legal decisions. . A recent report by Culper Research contains numerous false and misleading statements about our company. For more information, please see the SECs Web Site Privacy and Security Policy. 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. 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. Learn More. A company that relies on acquisitions to make its revenue go up can be hiding a sales deterioration in the existing business. For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. Making the world smarter, happier, and richer. 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. Learn More. The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." "LifeMD uses technology to make health care more accessible to people from all walks of life. Down 94%, Is Carvana Stock a Buy-the-Dip Opportunity? 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. Press question mark to learn the rest of the keyboard shortcuts. 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. Criminal Allegations, and an ICO Scam . ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . It's important to remember that there are two sides to every story. Culper alleges that Core Scientific "wildly oversold" both its mining and hosting business. Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. For instance, Culper Research alleges that LifeMD presents misleading information regarding its network of doctors and even uses unlicensed professionals "to dispense OTC medication.". 1125 N. Charles St, Baltimore, MD 21201. 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. That's $100 million you paid. | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. 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. CLEANSPARK INVESTIGATING SHORT SELLER CULPER RESEARCH . We reserve the right to block IP addresses that submit excessive requests. What kind of manipulation and block trades? 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. Accounting issues always cause stress for investors. Join The Legal Intelligencer now! Do these allegations sound legitimate or a . The company generated about $23,100 in revenue for the first half of 2021. Will Aterian stock recover from this short attack? I guess my last point is - how much of yesterday's decline is attributed to a short report from a company with a terrible track record vs. attributed to why the stock has declined between the earnings and short report? Research is not investment advice nor a recommendation or solicitation to buy securities. Taylor Carmichael has no position in any of the stocks mentioned. culper research legitmichelle fleury ancestry. The Motley Fool has no position in any of the stocks mentioned. $10/person - click to reserve your spot! Target Stock is Down Nearly 40% From Its High. 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. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. Copyright 2023 Culper Research - All Rights Reserved. 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. 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. Making the world smarter, happier, and richer. That is because $36 includes all of company's business lines, not just RexMD. Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. Use of Culper Research's("Culper") research is at your own risk. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? 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. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. 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? In the near term, anything can happen to a stock price. The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. That's what happened to the shorts in the Gamestopfrenzy earlier this year. Cost basis and return based on previous market day close. How valuable are the assets if you can't trust the sales numbers? Investors might want to watch out. Apparently, this was not the case . 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. 1001 and 1030). Research is not investment advice nor a recommendation or solicitation to buy securities. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. 10 czerwca 2022 Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. They short the company, post these reports, and reap the benefits of people over reacting. 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 . 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. On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. Published. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. 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. 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! Read the complaint here: To view this content, please continue to their sites. By downloading from or viewing material on this website you agree to the following Terms of Service. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 The Motley Fool has a disclosure policy. 1-2, 13). 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. The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. To make the world smarter, happier, and richer. But there are some warning signs here. However, such information is presented as is, without warranty of any kind whether express or implied. Jan 21, 2021 1:53PM EST. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. 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. These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." 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." All Rights Reserved. Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! Does someone more knowledgeable than me have any insight into these numbers ? Eric Volkman has no position in any of the stocks mentioned. u/wallstreetbets crowd? Press question mark to learn the rest of the keyboard shortcuts. The case is 2:21-cv-01273, Lifemd, Inc et al v. Lamarco et al. 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. 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. 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. exhibit at the Three Village Historical Society. 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. The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. 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). Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. Toggle Navigation Hindenburg Research. I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. This suit was surfaced by Law.com Radar. The report . 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? Managing Partner, Chief Investment Officer. 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. 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). This cant be right ? Culper Spy Ring Research Paper Intelligence provided by the Culper Spy Ring was instrumental in the defeat of the British during the Revolutionary War. Holders of short positions trade on an expected decline in the price of a stock. 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. Guys, this is a classic short attack. Blink claims that 'EV drivers can easily charge at any of its 15,000 charging stations,' but we estimate the Companys functional public charging station network consists of just 2,192 stations, a mere 15% of this claim.". Please. Cost basis and return based on previous market day close. Copyright 2023 ALM Global, LLC. Thank you for your interest in the U.S. Securities and Exchange Commission. 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 most trusted brand in stock market news; Fatest intelligence & alerts; Active trader chat rooms; Option trade alerts; Only comprehensive mobile notifications solution More recently, Culper tweeted the response from SEC on a FOIA request for records pertaining to any investigations into OrthoPediatrics Corp., $KIDS. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). 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. Im holding on to see the company response. On the other hand, shorts are always future buyers of your stock. 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. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. 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. Published on June 1, 2022 June 3, 2022. To make the world smarter, happier, and richer. But they were not involved in any fraudulent activity. 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. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. "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." 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. 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. Terms of Service. 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. All rights reserved. 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. 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. 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. Under Mr. Cook's . 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. Feel like going after another group of asshole short sellers trying to screw over us regular investors? Also, apparently, most of the patients in the study were outside of the U.S. Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). In December 2020, Aterian purchased 9380 Macarthur LLC ("the Smash Assets") from (a) convicted felonwho also appears to be late on $4.1 million of taxes to the State of California. 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? 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. to two felons and two alleged scam artists, all of whom will be free to dump their stock by August. About Us. In this conversation. 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 . 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. Aterian (f.k.a. On April 29, the company rebranded from Mohawk Group Holdings to Aterian. This drop over the last month or so has torched like 9% of my portfolio, real quick. Verified account Protected Tweets @; Suggested users 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. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. 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. About Us| The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. 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. Dont listen to shitron in the first place, that guy is the worst, Did some research, seems like Dr Badii is no longer with RexMD. 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. According to the accounting firm, the numbers are fine. At just 150 patients, the trial is a . 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. Nasdaq 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.