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And changing your chief financial officer in the midst of this doesn't exactly reassure. 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. 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.. Blink Charging lower after short seller powers in with accusations Press question mark to learn the rest of the keyboard shortcuts. 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. Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). In this conversation. 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? The second major issue the Culper report has with Veru is the quality of management. I Got the 'SOS', So Here's My Take on the Stock's Saga Create an account to follow your favorite communities and start taking part in conversations. Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. 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. Click to reserve your spot! White Diamond Research | About Us Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. 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. *Average returns of all recommendations since inception. Nonetheless the six month delay in reporting is worrisome. lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. 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.". Hindenburg Research - Investigative Research & Reporting In a 10-tweet thread digesting the report and posted on Monday, Culper accused Veru of "glaring anomalies" in its phase 3 clinical trial of coronavirus drug sabizabulin. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . Prosper Junior Bakiny has no position in any of the stocks mentioned. So let's take a look at what Culper is saying about Aterian. 1125 N. Charles St, Baltimore, MD 21201. 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. 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 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. 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 . 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. Spying is a secret business and thus research into it is most difficult. So the names of the defendants in the lawsuit against Redwood were as follows. Some research into Culper Research : r/LFMD - reddit culper research legit - creditsolutionexperts.com 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. 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. Use of Culper Research's ("Culper") research is at your own risk. 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 modern energy challenges, has become aware of a report making false accusations against CleanSpark and its officers. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team. $10/person - click to reserve your spot! On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. Are the Short Sellers Right About Aterian? | The Motley Fool - Nasdaq Mariner Research Group - Deep research in a shallow world Why Veru Stock Got Dented Today | The Motley Fool culper research legit - zoom-content.com Dissecting the Xometry Stock Short Report - Nanalyze Short-sellers Hindenburg Research and Culper Research said on Friday they have taken a short position on Chinese blockchain firm SOS Ltd's stock, sending the company's shares down 23%. Research may contain forward-looking statements, estimates, projections, and opinions with respect to among other things, certain accounting, legal, and regulatory issues the issuerfaces and the potential impact of those issues on its future business, financial condition and results ofoperations, as well as more generally, the issuers anticipated operating performance, access to capitalmarkets, market conditions, assets and liabilities. On February 26, 2021, Hindenburg Research and Culper Research published reports regarding SOS Limited, alleging that the Company was a "pump and dump" scheme that used fake addresses and doctored . Im holding on to see the company response. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. No LFMD executives were charged. And, the marketing expense for RexMD by Culper is just an "estimate". Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. Home - George Washington and the Culper Spy Ring - Research & Subject 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. | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. He was the original owner of Roe Tavern in Setauket,N.Y. However, such information is presented as is, without warranty of any kind whether express or implied. 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. culper research legitmichelle fleury ancestry. In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. Making the world smarter, happier, and richer. These statements are based on CleanSpark's current beliefs and expectations. 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). Treace Investor Alert - Treace Medical Concepts (NASDAQ:TMCI) A recent report by Culper Research contains numerous false and misleading statements about our company. "Tomorrow's report features two felons, two alleged scam artists, a CEO with a failed crypto hustle, and what we think is a wildly overhyped, deteriorating business facing existential risk." 831 Words4 Pages. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. LFMD responded to short report, denying the claims and will report something in detail soon. Investor Alert: Kaplan Fox Investigates Potential - GlobeNewswire News Room 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. 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. Copyright 2023 Culper Research - All Rights Reserved. Use of Culper Research's("Culper") research is at your own risk. 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. Invest better with The Motley Fool. Another bright side is the short report does not have a single mention of PDFSimpli, so if all else fails and the telehealth biz goes to zero at least we have a market cap base of maybe $60-70 million for PDFSimpli lol. In December 2020, Aterian purchased 9380 Macarthur LLC ("the Smash Assets") from (a) convicted felonwho also appears to be late on $4.1 million of taxes to the State of California. The company generated about $23,100 in revenue for the first half of 2021. Law.com Radar publishes daily updates on just-filed federal cases like this one. Growing Mineola firm with national practice seeks associate (with 3-6 years experience) to handle complex general liability matters.Competit CASH KRUGLER & FREDERICKS LLC is Celebrating Our 20th Anniversary & Newest Partners! 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. 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). This suit was surfaced by Law.com Radar. The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law. Short-Seller's Note is Short on Credibility, LifeMD Says As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. Copyright Skip to Main Content. To make the world smarter, happier, and richer. That could potentially be a turning point for Veru 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. Published. I took a deep look into the Culper Research short report and this is what I found.Culper Research short report on Core Scientifichttps://img1.wsimg.com/blobb. CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . Managing Partner, Chief Investment Officer. The problem is this is a highly speculative play for most investors. For that matter, changing the name of your company a week before a short attack might make people nervous, too. 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. Telehealth Co. Accuses Short Sellers Of Defamation-For-Profit Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 1001 and 1030). TICKETED EVENTS on Culper Spy Day. Use of Culper Research's("Culper") research is at your own risk. What kind of manipulation and block trades? Veru has a market capitalization of $750 million at $8.46 as of May 6. Investors could turn away from the company in droves if the researcher's allegations have merit, however. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! We look for stocks with the potential for big moves in the near future up or down. It's important to remember that there are two sides to every story. 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. If you have an ad-blocker enabled you may be blocked from proceeding. 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. Culper also . George Washington's Culper Spy Ring: Separating Fact from Fiction According to the accounting firm, the numbers are fine. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . 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). 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.

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