Sucks. Veru has a market capitalization of $750 million at $8.46 as of May 6. The company generated about $23,100 in revenue for the first half of 2021. 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. CleanSpark Investigating Short Seller Culper Research. *Average returns of all recommendations since inception. Do these allegations sound legitimate or a . In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. Create an account to follow your favorite communities and start taking part in conversations. 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 historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. 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. In this conversation. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. 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 . The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. "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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Guys, this is a classic short attack. What Is the Best EV Stock to Buy Now? We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. 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 . Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. Copyright 2023 Culper Research - All Rights Reserved. These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." By downloading from or viewing material on this website you agree to the following Terms of Service. Prosper Junior Bakiny has no position in any of the stocks mentioned. They have a financial motivation for doing so -- they want the stock price to go down. 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.". 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? The case is 2:21-cv-01273, Lifemd, Inc et al v. Lamarco et al. This suit was surfaced by Law.com Radar. Target Stock is Down Nearly 40% From Its High. 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. We look for stocks with the potential for big moves in the near future up or down. Please. More recently, Culper tweeted the response from SEC on a FOIA request for records pertaining to any investigations into OrthoPediatrics Corp., $KIDS. 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. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. On Wall Street, H.C. Wainwright dropped Blink Charging to a Neutral rating from Buy last week on a valuation call that did not allude to any wrongdoing at the company.. Customer Service| 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? The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. Blink Charging (NASDAQ: BLNK) trades lower after short seller Culper Research calls the company a scheme to pillage minority investors to the benefit of insiders. Accounting issues always cause stress for investors. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 Veru(NASDAQ:VERU) is set to discuss on May 10 with the Food and Drug Administration a pre-Emergency Use Authorization (EUA) meeting for its Phase 3 Covid-19 drug, sabizabulin (VERU-111). Were short sellers putting together a scam? 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. Verified account Protected Tweets @; Suggested users What should investors make of the allegations brought forth by Culper Research? ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Research is not investment advice nor a recommendation or solicitation to buy securities. Veru has a market capitalization of $750 million at $8.46 as of May 6. On April 29, the company rebranded from Mohawk Group Holdings to Aterian. Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. 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. Looking at the relevant FOIA request logs on the SEC website suggests an individual named Jacob Ma-Weaver twitter linkedin acting on behalf of what appears to be his short-selling fund Cable Car Capital LLC. 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. 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. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . All Rights Reserved. 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. That is because $36 includes all of company's business lines, not just RexMD. Thank you for your interest in the U.S. Securities and Exchange Commission. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? 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. No LFMD executives were charged. Note: We do not offer technical support for developing or debugging scripted downloading processes. 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 http://www.culperresearch.com The failure of Culper to exercise or enforce any right or provision of these Terms of Service shall not constitute a waiver of this right or provision. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The Motley Fool has a disclosure policy. 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. Click to reserve your spot! But there are some warning signs here. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . If Justin and Stefan were involved in anyway they would have been on the list of named defendants. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. However, such information is presented as is, without warranty of any kind whether express or implied. | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Use of Culper Research's ("Culper") research is at your own risk. 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. 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. Like, within two days of the report, which just adds to the shadiness of the situation. Making the world smarter, happier, and richer. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). 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. I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. So let's take a look at what Culper is saying about Aterian. Pretty brutal. 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. We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. Spying is a secret business and thus research into it is most difficult. For that matter, changing the name of your company a week before a short attack might make people nervous, too. 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. 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. 10 czerwca 2022 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. More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. 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. 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). Use of Culper Research's ("Culper") research is at your own risk. Toggle Navigation Hindenburg Research. 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 . 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. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. 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. Aterian (f.k.a. And 9380 has actually been buying more stock in Aterian since it was acquired by the company. A company that relies on acquisitions to make its revenue go up can be hiding a sales deterioration in the existing business. Published on June 1, 2022 June 3, 2022. quotes delayed at least 15 minutes, all others at least 20 minutes. Veru 's ( VERU -0.17%) stock dipped by 5.5% on Friday as of 10:49 a.m. 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. 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. 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. Im holding on to see the company response. To other RS execs were laundering money (husband and wife). The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. 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." The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. Taylor Carmichael has no position in any of the stocks mentioned. 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. Not really sure how to end this post, but please let me know think. I bought this stock after Citron recommended it. The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. 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. Eric Volkman has no position in any of the stocks mentioned. But that attitude raises a few questions. 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. Culper alleges that Core Scientific "wildly oversold" both its mining and hosting business. An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. Investors could turn away from the company in droves if the researcher's allegations have merit, however. Does someone more knowledgeable than me have any insight into these numbers ? This implies that it could end up wasting a lot of its cash if the Phase 3 clinical study is not successful in obtaining FDA EUA approval. Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. 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. 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. 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 believe that the Company has . LFMD responded to short report, denying the claims and will report something in detail soon. 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. Don't miss the crucial news and insights you need to make informed legal decisions. 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. 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. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. The problem is this is a highly speculative play for most investors. 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. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. 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. 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.