LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. All Rights Reserved. Managing Partner, Chief Investment Officer. I think the only scary about the report is that some executives at LifeMD, used to work at Redwood Scientific, which was shut down by FTC upon fraud. In the near term, anything can happen to a stock price. Both options are priced the same. ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and we undertake no obligation to revise or update this press release to reflect events or circumstances after the date hereof. CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. Treace Shareholder Action Reminder - Treace Medical Concepts (NASDAQ Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). 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. Veru Stock Could Face Difficulties If the Culper Research Report Is True Youre reading a free article with opinions that may differ from The Motley Fools 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. He was the original owner of Roe Tavern in Setauket,N.Y. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . VERU Stock Could Face Difficulties If the Culper Research Report Is The Great CytoDyn (OTCQB: CYDY) Bear Raid Fails to Impress 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." In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. 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. What should investors make of the allegations brought forth by Culper Research? Culper on Twitter Veru has sales revenue from other medical assets it owns. *Average returns of all recommendations since inception. The Xometry Short Report. Were short sellers putting together a scam? Your article was successfully shared with the contacts you provided. The case is 2:21-cv-01273, Lifemd, Inc et al v. Lamarco et al. Here's what the company said in part. 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. 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 . So the names of the defendants in the lawsuit against Redwood were as follows. Prosper Junior Bakiny has no position in any of the stocks mentioned. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Short-sellers take aim at Chinese blockchain firm SOS, shares tumble While the short report is lengthy, here is part of what Culper said. quotes delayed at least 15 minutes, all others at least 20 minutes. Create an account to follow your favorite communities and start taking part in conversations. For example, if it has to redesign the study and start from scratch the costs could go up. Criminal Allegations, and an ICO Scam . *Average returns of all recommendations since inception. Click to reserve your spot! Also he was allowed to treat patients via telehealth telehealth while on probation (src). Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. Aterian Issues Statement on Inaccurate and Misleading Report by Culper We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. 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. Feel like going after another group of asshole short sellers trying to screw over us regular investors? 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. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. About Us| Sucks. The company generated about $23,100 in revenue for the first half of 2021. We reserve the right to block IP addresses that submit excessive requests. Published. For example, the Culper Research report alleges the entire February 2020 acquisition of p2k Labs, Inc. is "another undisclosed related party transaction, as CleanSpark's CFO Lori Love is found . We look for stocks with the potential for big moves in the near future up or down. It is very clear that one of their tactics is to submit FOIA requests for information regarding investigations into companies they are attacking, which if you know the Freedom of Information Act, is information that would never be released to the public. Following publication of any research, we intend to continue transacting in the securities covered herein, and we may be long, short, or neutral at any time hereafter regardless of our initial recommendation, conclusions, or opinions. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The complaint, over an alleged short-and-distort stock scheme, was filed by Gordon Rees Scully Mansukhani on behalf of LifeMD Inc., CEO Justin Schreiber and CTO Stefan Galluppi. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any investment decision with respect to transacting in any securities covered herein. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. WOW Very BOLD and INTENSE claims made by Culper Research about Blink Charging Fraud!! Yes and no. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Taylor Carmichael 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. Making the world smarter, happier, and richer. https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. According to documents Aterian filed with the SEC on April 29, 9380 Macarthur does indeed own almost 5 million shares, or 16.2% of the company. If you have an ad-blocker enabled you may be blocked from proceeding. Apparently, this was not the case . $10/person - Space is limited. 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 . 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 . 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 . Copyright 2023 Culper Research - All Rights Reserved. If You Invested $1,000 in Veru in 2020, This Is How Much You Would Have Today, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? 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. Why Veru Stock Got Dented Today | The Motley Fool On April 29, the company rebranded from Mohawk Group Holdings to Aterian. To other RS execs were laundering money (husband and wife). One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. On Friday, Hindenburg Research and Culper Research released scathing reports on SOS Ltd (NYSE: SOS ), a Chinese cryptocurrency mining company. Research is not investment advice nor a recommendation or solicitation to buy securities. This is set for next Tuesday, May 10. PDF Disclaimer - IA Rugby.com I do wish to raise two issues: Rivington and my background. Culper Research It seems clear to us that this report is an attempt by a short seller to negatively impact . Mohawk Group Holdings) was founded by . from 8 AM - 9 PM ET. 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 . Are u selling or still holding? CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 Christian Lamarco - New York, New York, United States - LinkedIn 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 . Cost basis and return based on previous market day close. 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. 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. 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. TICKETED EVENTS on Culper Spy Day. 2023 InvestorPlace Media, LLC. Mark Hake writes about personal finance on mrhake.medium.com, Newsbreak.com and Beehiiv.com. The two short-sellers claimed that SOS stock was an . Press question mark to learn the rest of the keyboard shortcuts. Did these scumbags have any insider information? 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. CleanSpark has retained the law firm of Wilk Auslander LLP in connection with this matter and will be vigilant in investigating the sources of these misrepresentations, including the identity of those veiled behind the entity calling itself Culper Research. And 9380 has actually been buying more stock in Aterian since it was acquired by the company. Im holding on to see the company response. 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. Culper Spy Ring Thesis - 167 Words | Bartleby 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'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. Please declare your traffic by updating your user agent to include company specific information. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Reference ID: 0.9d8f1402.1677945178.3b82c472. The researcher is also highly unimpressed with the executives guiding the company. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. Our 3 Top Picks. The Patriots (colonists) were fighting against the British, in this war. Invest better with The Motley Fool. Clickhereto get started and be first to know about new suits in your region, practice area or client sector. 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.
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