The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law. 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. 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 . Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. 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. u/wallstreetbets crowd? ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . 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. LifeMD falls after new short call from Culper Research LFMD execs were not involved, and left the company. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. 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. 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. 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. 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. 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. The Motley Fool has a disclosure policy. Copyright 2023 ALM Global, LLC. CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. 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. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ --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. More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. Sign up below to get this incredible offer! Research is not investment advice nor a recommendation or solicitation to buy securities. Aterian Issues Statement on Inaccurate and Misleading Report by Culper Law Firm Investigating Bitcoin Miner Core Scientific for Alleged It looks very bad . Value oriented and event driven investor. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. . 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. The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. In 5 minutes of searching, you can see they take partial truths and exaggerate them. The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Read the complaint here: To view this content, please continue to their sites. Eric Volkman has no position in any of the stocks mentioned. 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. Culper Research alleges that the company appears to use unlicensed doctors to dispense OTC medications. 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. Why Veru Stock Plummeted on Monday | The Motley Fool Use of Culper Research's("Culper") research is at your own risk. Treace Investor Alert - Treace Medical Concepts (NASDAQ:TMCI) Veru Stock Could Face Difficulties If the Culper Research Report Is True Yes, the two executives were at Redwood Scientific. Jan 21, 2021 1:53PM EST. Did they not look into this and see all this??? In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . In this conversation. 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%. But that attitude raises a few questions. But they were not involved in any fraudulent activity. Culper Research also notes that some of LifeMD's current executives were implicated in the Redwood scandal, either as employees of the company directly involved in these crimes or as major shareholders. One concern is that the t otal a ddressable m arket ( TAM) for all forms of . 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. LifeMD, Inc. v. Lamarco, Civil Action 2:21-cv-1273 - Casetext 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. 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. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Research Materials about George Washington, the Culper Spy Ring, and the American Revolutionary War. An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning through its cash. Please declare your traffic by updating your user agent to include company specific information. Will Aterian stock recover from this short attack? 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. Even more recently, yesterday April 13 actually, Culper tweeted the response from the SEC regarding a March 2021 FOIA request for information pertaining to any investigations into SOS, Ltd., $SOS. Blink Charging lower after short seller powers in with accusations What Is the Best EV Stock to Buy Now? 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. 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. What should investors make of the allegations brought forth by Culper Research? Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. 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. It's important to remember that there are two sides to every story. 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. 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. 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. 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. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. 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. Copyright 2023 InvestorPlace Media, LLC. Guys, this is a classic short attack. Culper Spy Ring Thesis - 167 Words | Bartleby Both options are priced the same. Invest better with The Motley Fool. *Average returns of all recommendations since inception. By downloading from or viewing material on this website you agree to the following Terms of Service. All Rights Reserved. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK ), ("CleanSpark, or "the Company"), an advanced software and controls technology solutions company focused on solving . LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. License our industry-leading legal content to extend your thought leadership and build your brand. 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. PDF Disclaimer - IA Rugby.com 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. 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. Yes and no. On April 29, the company rebranded from Mohawk Group Holdings to Aterian. We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. 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. The Motley Fool has no position in any of the stocks mentioned. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. 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. culper research owner - CLARVI The Motley Fool has no position in any of the stocks mentioned. However, such information is presented as is, without warranty of any kind whether express or implied. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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 . The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. 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.". 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. According to the accounting firm, the numbers are fine. Culper on Twitter: "It appears $LFMD is once again attempting to bury Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. No LFMD executives were charged. 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. 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. Where This Leaves Investors in Veru Stock. 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. Prosper Junior Bakiny has no position in any of the stocks mentioned. The most trusted brand in stock market news; Fatest intelligence & alerts; Active trader chat rooms; Option trade alerts; Only comprehensive mobile notifications solution The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. TICKETED EVENTS on Culper Spy Day. Veru has sales revenue from other medical assets it owns. Time to Buy? This cant be right ? Also he was allowed to treat patients via telehealth telehealth while on probation (src). 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 . Im holding on to see the company response. Toggle Navigation Hindenburg Research. 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. 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. Prior to co-founding Culper Capital Partners, he served as Majority Shareholder, Chairman & CEO of Glebar Company ("Glebar"), a role which he held from April 2013 to March 2020. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . 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. Copyright 2023 Culper Research - All Rights Reserved. Also, apparently, most of the patients in the study were outside of the U.S. 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. 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. culper research legit - zoom-content.com culper research legit - creditsolutionexperts.com 1125 N. Charles St, Baltimore, MD 21201. 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. 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. Cost basis and return based on previous market day close. 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. 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 . I do wish to raise two issues: Rivington and my background. Some research into Culper Research. culper research legit Invest better with The Motley Fool. Culper Spy Ring Research Paper Intelligence provided by the Culper Spy Ring was instrumental in the defeat of the British during the Revolutionary War. I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. Use of Culper Research's ("Culper") research is at your own risk. CleanSpark Investigating Short Seller Culper Research - PR Newswire Hindenburg Research - Investigative Research & Reporting Docent led tours every 30 minutes of the Spies! 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. 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 . Terms of Service. 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. Culper alleges that Core Scientific "wildly oversold" both its mining and hosting business. A company that relies on acquisitions to make its revenue go up can be hiding a sales deterioration in the existing business.
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