Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). 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. Sucks. Apparently, this was not the case . Press question mark to learn the rest of the keyboard shortcuts. By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. 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 . The Motley Fool has a disclosure policy. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. Five days later, the short report came public. Culper Spy Ring Research Paper Intelligence provided by the Culper Spy Ring was instrumental in the defeat of the British during the Revolutionary War. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. The second major issue the Culper report has with Veru is the quality of management. 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. Also, apparently, most of the patients in the study were outside of the U.S. A quick scroll through Culper's website yields very little in the way of personnel or address. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. 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. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning through its cash. 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"). 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. 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. By downloading from or viewing material on this website you agree to the following Terms of Service. Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. Did these scumbags have any insider information? Don't miss the crucial news and insights you need to make informed legal decisions. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. For that matter, changing the name of your company a week before a short attack might make people nervous, too. 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. 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. The problem is this is a highly speculative play for most investors. Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. Culper alleges that Core Scientific "wildly oversold" both its mining and hosting business. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The Patriots (colonists) were fighting against the British, in this war. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. 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. I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! 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. Agreed, this is pretty shitty but have to wait for the response. The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. . 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 . Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). 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. Eric Volkman has no position in any of the stocks mentioned. 1-2, 13). 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. CleanSpark Investigates Anonymous Short Seller. lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery Invest better with The Motley Fool. Use of Culper Research's ("Culper") research is at your own risk. Use of Culper Research's ("Culper") research is at your own risk. On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. *Average returns of all recommendations since inception. According to the accounting firm, the numbers are fine. Is This Warren Buffett Stock a Buy After Its Dividend Boost? 1125 N. Charles St, Baltimore, MD 21201. They have a financial motivation for doing so -- they want the stock price to go down. No LFMD executives were charged. Copyright 2023 InvestorPlace Media, LLC. 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. Our 3 Top Picks. 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. 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. 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. That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. At just 150 patients, the trial is a . Learn More. For more information, please see the SECs Web Site Privacy and Security Policy. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Use of Culper Research's("Culper") research is at your own risk. best hunting game for oculus quest 2 culper research legit. Also he was allowed to treat patients via telehealth telehealth while on probation (src). 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. *Average returns of all recommendations since inception. Copyright 2023 ALM Global, LLC. 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. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. Sometimes when there is "blood in the water" other shorts will jump in as well. "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. What should investors make of the allegations brought forth by Culper Research? 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. 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? As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. 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. A company that relies on acquisitions to make its revenue go up can be hiding a sales deterioration in the existing business. The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. By using this site, you are agreeing to security monitoring and auditing. Guys, this is a classic short attack. And changing your chief financial officer in the midst of this doesn't exactly reassure. 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. 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. Mohawk Group Holdings) was founded by . To make the world smarter, happier, and richer. Mark Hake writes about personal finance on mrhake.medium.com, Newsbreak.com and Beehiiv.com. 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 . Were short sellers putting together a scam? Published. Accounting issues always cause stress for investors. Contact Us| The company generated about $23,100 in revenue for the first half of 2021. The points Culper makes are quite compelling and raise substantial questions about the history of the CEO, Mitchell Steiner, and the EVP of Clinical Affairs, Robert Getzenberg. The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." The apparent purpose of the Culper Research "report" is to cover or profit from the publisher's short positions in the Company, which the publisher expressly acknowledges holding in the report itself. The Austin-based company went public on the Nasdaq via a special purpose acquisition vehicle, or SPAC, in January 2022. LFMD responded to short report, denying the claims and will report something in detail soon. 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. 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). CleanSpark Investigating Short Seller Culper Research. Yes, it works for cancers, but it does the same to all normal tissue. Sign up below to get this incredible offer! Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. That could potentially be a turning point for Veru stock. Veru has a market capitalization of $750 million at $8.46 as of May 6. To other RS execs were laundering money (husband and wife). But there are some warning signs here. Some research into Culper Research. Did they not look into this and see all this??? Managing Partner, Chief Investment Officer. Pretty brutal. That's what happened to the shorts in the Gamestopfrenzy earlier this year. Alpilean creator (Zach Miller) and medical research editor (Dr. Matthew Gibbs) medically concluded that the longest-lived people on the planet use a "secret trick" on the Alpine ice every night. We reserve the right to block IP addresses that submit excessive requests. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . Veru (VERU -35.98%) has found itself the target of a short-seller, and as a result the biotech company's shares took a more than 12% hit on an otherwise upbeat Monday for the wider stock market. The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. 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. However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. To hide from slander cases, perhaps?). Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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.