That is because $36 includes all of company's business lines, not just RexMD. 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. 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 . Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALMs deep bench of proprietary information to provide insights that cant be found anywhere else. Create an account to follow your favorite communities and start taking part in conversations. 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. In the near term, anything can happen to a stock price. Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. It seems clear to us that this report is an attempt by a short seller to negatively impact . Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! 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. The publisher of this false report is an unknown entity or group hidden behind the facade of "Culper Research," which disguises the identity of the actual author(s). | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn More recently, Culper tweeted the response from SEC on a FOIA request for records pertaining to any investigations into OrthoPediatrics Corp., $KIDS. Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. On May 4, an anonymous short seller, "Culper Research," launched an attack on Aterian (ATER), a company that uses artificial intelligence to find, acquire, and launch popular consumer goods businesses. The report seems to imply that Veru will be another failure just like other drug companies the management has run. Learn More. Culper also . PDF Disclaimer - IA Rugby.com We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. The Motley Fool has a disclosure policy. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. Site Map, Advertise| Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). But they were not involved in any fraudulent activity. This suit was surfaced by Law.com Radar. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. Sign up below to get this incredible offer! 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. CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . VERU Stock Could Face Difficulties If the Culper Research Report Is About Us. 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. 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. 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. On the other hand, the stock dropped 25% . And 9380 has actually been buying more stock in Aterian since it was acquired by the company. However, the language in the response letter uses terms like "we are withholding documents that may be responsive" which Culper and co. are using to lead investors to the conclusion that such records do in fact exist and that an investigation into likely what Culper just detailed in their "report" is ongoing. LFMD execs were not involved, and left the company. This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. 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. Did these scumbags have any insider information? Use of Culper Research's("Culper") research is at your own risk. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. 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. 1001 and 1030). The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. The case is 2:21-cv-01273, Lifemd, Inc et al v. Lamarco et al. 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. 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. 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. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. PDF Disclaimer - IA Rugby.com Mohawk Group Holdings) was founded by . Veru Stock Could Face Difficulties If the Culper Research Report Is True. 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. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning . The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. Note: We do not offer technical support for developing or debugging scripted downloading processes. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. 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. 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. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . What Is the Best EV Stock to Buy Now? *Average returns of all recommendations since inception. *Average returns of all recommendations since inception. In this conversation. The Motley Fool has no position in any of the stocks mentioned. Toggle Navigation Hindenburg Research. Sometimes when there is "blood in the water" other shorts will jump in as well. culper research legitsan juan airport restaurants hours. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. Defamation Suit Against Research Company Over Alleged 'Short-and best hunting game for oculus quest 2 culper research legit. Use of Culper Research's("Culper") research is at your own risk. 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 . Aterian Issues Statement on Inaccurate and Misleading Report by Culper A quick scroll through Culper's website yields very little in the way of personnel or address. 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. 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. Invest better with The Motley Fool. Veru has sales revenue from other medical assets it owns. On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. What kind of manipulation and block trades? 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. Use of Culper Research's ("Culper") research is at your own risk. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) Pretty brutal. 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. The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. To make the world smarter, happier, and richer. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? 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. Here's what the company said in part. Are the Short Sellers Right About Aterian? | The Motley Fool - Nasdaq Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. Yes, it's horrible and I don't know what to do now. The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. 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. 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. Thus, we assign the incremental $18.0M to RexMD. However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. If you have an ad-blocker enabled you may be blocked from proceeding. 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. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! 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. 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. We reserve the right to block IP addresses that submit excessive requests. Do these allegations sound legitimate or a . Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. Five days later, the short report came public. Apparently, this was not the case . Hindenburg Research - Investigative Research & Reporting 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. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Please. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. Culper Short Report : r/LFMD - reddit PDF Disclaimer - IA Rugby.com 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. But there are some warning signs here. Treace Investor Alert - Treace Medical Concepts (NASDAQ:TMCI) Treace Shareholder Action Reminder - Treace Medical Concepts (NASDAQ For more information, visit https://ATL-DATA.com. The Motley Fool recommends Aterian, Inc. Contact Us| 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. Aterian (f.k.a. Alpilean Reviews 2023 - Scam or Legit (Update Alpilean Supplement 2023 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. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. 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." Cost basis and return based on previous market day close. 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. The publication of the report and the tweet thread come hot on the heels of the news that the Food and Drug Administration (FDA) has set a pre-Emergency Use Authorization (EUA) meeting date to discuss that phase 3 study data. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. "We believe that the Company has vastly exaggerated the size of its EV charging network in order to siphon money from the pockets of investors to insiders. 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. Published on June 1, 2022 June 3, 2022. This drop over the last month or so has torched like 9% of my portfolio, real quick. It's important to remember that there are two sides to every story. By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. Are u selling or still holding? CLEANSPARK INVESTIGATING SHORT SELLER CULPER RESEARCH . On the other hand, shorts are always future buyers of your stock. Veru has a market capitalization of $750 million at $8.46 as of May 6. 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 . For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. License our industry-leading legal content to extend your thought leadership and build your brand. 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.". Clickhereto get started and be first to know about new suits in your region, practice area or client sector.
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