Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! 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. Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. At just 150 patients, the trial is a . The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. Learn More. Is This Warren Buffett Stock a Buy After Its Dividend Boost? Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) 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. 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). Published on June 1, 2022 June 3, 2022. 10 czerwca 2022 For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. 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." Customer Service| Making the world smarter, happier, and richer. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. Women, Influence & Power in Law UK Awards 2023, Legalweek Leaders in Tech Law Awards 2023, WORKERS COMPENSATION ATTORNEY - Hartford, CT, Offering an Opportunity of a Lifetime for Personal Injury Lawyers, What Does Your Business Agreement Really Mean? For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. To make the world smarter, happier, and richer. It stinks like a skunk to me, but Im not smart. Also, did you notice that there are now at least half a dozen law firms trolling for members to a class action lawsuit against Life? Reddit and its partners use cookies and similar technologies to provide you with a better experience. The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. Why would the block trades be significantly lower than current stock price at the time? CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . We are aware that litigation premised on the so-called "Culper Report" has been filed and that plaintiff's firms are trolling for additional shareholders. However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. 1125 N. Charles St, Baltimore, MD 21201. However, such information is presented as is, without warranty of any kind whether express or implied. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. 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. To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. Published. Not only has Aterian has not disclosed that its largest acquisition was from a felon who served prison time, but despite 5 elapsed months, the Company has failed to provide audited financials for the Smash Assets, leaving its S-3 shelf filing ineligible. Nonetheless the six month delay in reporting is worrisome. We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. 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. u/wallstreetbets crowd? This response seems to concede that the company acquired the business from somebody convicted of crimes ("we identified the historical legal concerns raised in the report"), but that it judged the information irrelevant ("unrelated to the acquired businesses"). 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. WOW Very BOLD and INTENSE claims made by Culper Research about Blink Charging Fraud!! The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. Sucks. Did anyone read this? That is because $36 includes all of company's business lines, not just RexMD. For more information, contact opendata@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. lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . If you can't trust management, or its numbers, you really shouldn't be in a stock. 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. Skip to Main Content. Time to Buy? 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. Five days later, the short report came public. 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. 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 . 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. Copyright 2023 InvestorPlace Media, LLC. $10/person - click to reserve your spot! SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. best hunting game for oculus quest 2 culper research legit. Theres even room for more lines. 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. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. VERU stock remains an extremely risky bet today. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Feel like going after another group of asshole short sellers trying to screw over us regular investors? White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? Under Mr. Cook's . 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 report is an unknown entity or group hidden behind the facade of "Culper Research," which disguises the identity of the actual author(s). This is set for next Tuesday, May 10. Aterian issued a press release to respond to the short attack. Press question mark to learn the rest of the keyboard shortcuts. "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. On the other hand, shorts are always future buyers of your stock. Invest better with The Motley Fool. On April 29, the company rebranded from Mohawk Group Holdings to Aterian. Docent led tours every 30 minutes of the Spies! One concern is that the t otal a ddressable m arket ( TAM) for all forms of . Don't miss the crucial news and insights you need to make informed legal decisions. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. culper research legitmichelle fleury ancestry. 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. 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. 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. So let's take a look at what Culper is saying about Aterian. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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 . Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. The company generated about $23,100 in revenue for the first half of 2021. CLEANSPARK INVESTIGATING SHORT SELLER 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. 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. 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. For more information, visit https://ATL-DATA.com. Use of Culper Research's("Culper") research is at your own risk. Join The Legal Intelligencer now! 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. I do wish to raise two issues: Rivington and my background. Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. The report seems to imply that Veru will be another failure just like other drug companies the management has run. Use of Culper Research's ("Culper") research is at your own risk. | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. It seems clear to us that this report is an attempt by a short seller to negatively impact . Terms of Service. Honestly, we are letting them win with this plummeting over-reaction. The problem is this is a highly speculative play for most investors. In the near term, anything can happen to a stock price. 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. He was the original owner of Roe Tavern in Setauket,N.Y. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. 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. 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 . According to the accounting firm, the numbers are fine. Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. Making the world smarter, happier, and richer. Here's what the company said in part. Also he was allowed to treat patients via telehealth telehealth while on probation (src). Toggle Navigation Hindenburg Research. CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. 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 . Veru Inc. (VERU) fell 6.7% after Culper Research released another short report on the oncology-focused biopharmaceutical company.Culper alleged in the report that at baseline, the. Down 94%, Is Carvana Stock a Buy-the-Dip Opportunity? 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. That could potentially be a turning point for Veru stock. Prosper Junior Bakiny has no position in any of the stocks mentioned. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . 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. The publisher of this false . The report . 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. We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. 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. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. Yes, it's horrible and I don't know what to do now. 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. Read the complaint here. If you're a natural optimist, shorts are handy as a devil's advocate, reminding you of all the bad things that can happen to your stock. Taylor Carmichael has no position in any of the stocks mentioned. Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. Agreed, this is pretty shitty but have to wait for the response. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. Yes, it works for cancers, but it does the same to all normal tissue. Veru Stock Could Face Difficulties If the Culper Research Report Is True. The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. Cost basis and return based on previous market day close. Learn More. An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. Use of Culper Research's ("Culper") research is at your own risk. what are you doing after this report? 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. Contact Us| LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. 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. Veru has sales revenue from other medical assets it owns. 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. Where This Leaves Investors in Veru Stock. To make the world smarter, happier, and richer. Managing Partner, Chief Investment Officer. Read the complaint here: To view this content, please continue to their sites. Does someone more knowledgeable than me have any insight into these numbers ? Is this happening to you frequently? Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). What kind of manipulation and block trades? 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 . 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. 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. Guys, this is a classic short attack. Research is not investment advice nor a recommendation or solicitation to buy securities. 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. Please disable your ad-blocker and refresh. To hide from slander cases, perhaps?). 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). *Average returns of all recommendations since inception. The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." exhibit at the Three Village Historical Society. A company that relies on acquisitions to make its revenue go up can be hiding a sales deterioration in the existing business. 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. 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. About Us. In this conversation. 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. 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?
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