culper research legit
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. SEC.gov | HOME Please declare your traffic by updating your user agent to include company specific information. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. For example, if it has to redesign the study and start from scratch the costs could go up. 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." Not really sure how to end this post, but please let me know think. 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. By using this site, you are agreeing to security monitoring and auditing. Yes, in the short term, a short attack on a small cap will often send shares down, and Aterian's stock has dropped 35% since the report came out. PDF Disclaimer - IA Rugby.com Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. 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. Pretty brutal. George Washington's Culper Spy Ring: Separating Fact from Fiction This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. Join The Legal Intelligencer now! "We believe that the Company has . 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. 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. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. The Motley Fool recommends Aterian, Inc. Why LifeMD Stock Is Getting Crushed Today | The Motley Fool Dissecting the Xometry Stock Short Report - Nanalyze 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. Defamation Suit Against Research Company Over Alleged 'Short-and Credit Solution Experts Incorporated offers quality business credit building services, which includes an easy step-by-step system designed for helping clients build their business credit effortlessly. The most trusted brand in stock market news; Fatest intelligence & alerts; Active trader chat rooms; Option trade alerts; Only comprehensive mobile notifications solution Cost basis and return based on previous market day close. The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. 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. 1001 and 1030). Mariner Research Group - Deep research in a shallow world Is This Warren Buffett Stock a Buy After Its Dividend Boost? 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 . Blink Charging lower after short seller powers in with accusations To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. Sign up below to get this incredible offer! I Got the 'SOS', So Here's My Take on the Stock's Saga Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . 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. LFMD execs were not involved, and left the company. Published. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. 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. 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). 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. This drop over the last month or so has torched like 9% of my portfolio, real quick. Veru Stock Could Face Difficulties If the Culper Research Report Is True. 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. | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn Press question mark to learn the rest of the keyboard shortcuts. VERU Stock Could Face Difficulties If the Culper Research Report Is The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Feel like going after another group of asshole short sellers trying to screw over us regular investors? 831 Words4 Pages. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. We look for stocks with the potential for big moves in the near future up or down. Veru has sales revenue from other medical assets it owns. Culper Short Report : r/LFMD - reddit Culper on Twitter: "Tomorrow's report features two felons, two alleged WOW Very BOLD and INTENSE claims made by Culper Research about Blink Charging Fraud!! Is this happening to you frequently? LifeMD falls after new short call from Culper Research Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. Culper Spy Ring Thesis - 167 Words | Bartleby Guys, this is a classic short attack. 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. 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. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. 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. 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%. 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. The Motley Fool has a disclosure policy. Veru 's ( VERU -0.17%) stock dipped by 5.5% on Friday as of 10:49 a.m. In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. No LFMD executives were charged. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) Yes, the two executives were at Redwood Scientific. Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. Will Aterian stock recover from this short attack? For more information, visit https://ATL-DATA.com. LFMD responded to short report, denying the claims and will report something in detail soon. Adam s cook | Culper Capital Partners The researcher is also highly unimpressed with the executives guiding the company. All rights reserved. What kind of manipulation and block trades? 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. Research is not investment advice nor a recommendation or solicitation to buy securities. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning . Yes, it works for cancers, but it does the same to all normal tissue. Thank you for your interest in the U.S. Securities and Exchange Commission. The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . Aterian issued a press release to respond to the short attack. 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. The Austin-based company went public on the Nasdaq via a special purpose acquisition vehicle, or SPAC, in January 2022. 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? 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. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Theres even room for more lines. Accounting issues always cause stress for investors. Eric Volkman has no position in any of the stocks mentioned. Culper Spy Ring Research Paper Intelligence provided by the Culper Spy Ring was instrumental in the defeat of the British during the Revolutionary War. While the short report is lengthy, here is part of what Culper said. Aterian Issues Statement on Inaccurate and Misleading Report by Culper Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. 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. Lawsuit filed for Investors in shares of SOS Limited (NYSE: SOS) Reddit and its partners use cookies and similar technologies to provide you with a better experience. Veru drops after Culper Research releases a follow up short report On April 29, the company rebranded from Mohawk Group Holdings to Aterian. Treace Investor Alert - Treace Medical Concepts (NASDAQ:TMCI) George Washington's Secret Six By Brian Kilmeade | ipl.org 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. 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. I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. Do these allegations sound legitimate or a . The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. Telehealth Co. Accuses Short Sellers Of Defamation-For-Profit On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. 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. CleanSpark Investigating Short Seller Culper Research. Use of Culper Research's("Culper") research is at your own risk. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. Copyright 2023 InvestorPlace Media, LLC. 1125 N. Charles St, Baltimore, MD 21201. Why Veru Stock Plummeted on Monday | The Motley Fool Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Core Scientific Short report by Culper research Deep Dive I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. 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. 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. LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. Alpilean Reviews 2023 - Scam or Legit (Update Alpilean Supplement 2023 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. 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. The Xometry Short Report. Copyright 2023 Culper Research - All Rights Reserved. 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. Cost basis and return based on previous market day close. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. 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. That's what happened to the shorts in the Gamestopfrenzy earlier this year. 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. Tickets are limited. Culper on Twitter: "It appears $LFMD is once again attempting to bury 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. About Us. Prosper Junior Bakiny has no position in any of the stocks mentioned. PDF Disclaimer - IA Rugby.com These statements are based on CleanSpark's current beliefs and expectations. 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. Veru has a market capitalization of $750 million at $8.46 as of May 6. 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. Investors might want to watch out. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning through its cash. 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. Create an account to follow your favorite communities and start taking part in conversations. 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. to two felons and two alleged scam artists, all of whom will be free to dump their stock by August. 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. And 9380 has actually been buying more stock in Aterian since it was acquired by the company. Skip to Main Content. 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. Nasdaq However, such information is presented as is, without warranty of any kind whether express or implied. Under Mr. Cook's . Our 3 Top Picks. quotes delayed at least 15 minutes, all others at least 20 minutes. At just 150 patients, the trial is a . what are you doing after this report? In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. 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. 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. 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?