Making the world smarter, happier, and richer. Veru has sales revenue from other medical assets it owns. lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. 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? Create an account to follow your favorite communities and start taking part in conversations. What kind of manipulation and block trades? When typing in this field, a list of search results will appear and be automatically updated as you type. For more information, visit https://ATL-DATA.com. Nonetheless the six month delay in reporting is worrisome. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. 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. This suit was surfaced by Law.com Radar. I do wish to raise two issues: Rivington and my background. Under Mr. Cook's . The Motley Fool has a disclosure policy. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Research is not investment advice nor a recommendation or solicitation to buy securities. According to the accounting firm, the numbers are fine. Your article was successfully shared with the contacts you provided. CleanSpark Investigates Anonymous Short Seller. 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. https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. 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. The Company also owns and operates a fleet of over 3,400 ASIC (application-specific integrated circuit) Bitcoin miners producing over 200 PH/s in mining capacity. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." WOW Very BOLD and INTENSE claims made by Culper Research about Blink Charging Fraud!! For more information, please see the SECs Web Site Privacy and Security Policy. The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. 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. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . Accounting issues always cause stress for investors. 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 . what are you doing after this report? Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. Sucks. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. 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. These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." I bought calls just before market close yesterday lol fuck my life. 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. The report seems to imply that Veru will be another failure just like other drug companies the management has run. LFMD execs were not involved, and left the company. best hunting game for oculus quest 2 culper research legit. The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. Site Map, Advertise| The Xometry Short Report. It's important to remember that there are two sides to every story. The Austin-based company went public on the Nasdaq via a special purpose acquisition vehicle, or SPAC, in January 2022. Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. At just 150 patients, the trial is a . Reference ID: 0.9d8f1402.1677945178.3b82c472. Is this happening to you frequently? Criminal Allegations, and an ICO Scam . 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. Is This Warren Buffett Stock a Buy After Its Dividend Boost? 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. The second major issue the Culper report has with Veru is the quality of management. Time to Buy? Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? 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. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. 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. 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. 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. It seems clear to us that this report is an attempt by a short seller to negatively impact . The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. The complaint, over an alleged short-and-distort stock scheme, was filed by Gordon Rees Scully Mansukhani on behalf of LifeMD Inc., CEO Justin Schreiber and CTO Stefan Galluppi. The publisher of this false . For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. Why would the block trades be significantly lower than current stock price at the time? 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. Did these scumbags have any insider information? 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. Managing Partner, Chief Investment Officer. 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. 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. 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. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. CLEANSPARK INVESTIGATING SHORT SELLER CULPER RESEARCH . I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. Honestly, we are letting them win with this plummeting over-reaction. We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. 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. *Average returns of all recommendations since inception. ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . 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 instance, Culper Research alleges that LifeMD presents misleading information regarding its network of doctors and even uses unlicensed professionals "to dispense OTC medication.". By downloading from or viewing material on this website you agree to the following Terms of Service. 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 . Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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.. 10 czerwca 2022 Terms of Service. Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. Where This Leaves Investors in Veru Stock. Five days later, the short report came public. To other RS execs were laundering money (husband and wife). Veru has not yet officially responded to Culper's accusations, which are worrying. Use of Culper Research's ("Culper") research is at your own risk. 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). This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. 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. All Rights Reserved. LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. The researcher is also highly unimpressed with the executives guiding the company. 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. At this point, the connection between all these entities and Culper is unclear, beyond the fact that Culper posted the response to Ma-Weaver/Cable Car Capital's SEC FOIA request back in December. Invest better with The Motley Fool. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. Investors could turn away from the company in droves if the researcher's allegations have merit, however. They have a financial motivation for doing so -- they want the stock price to go down. 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 . Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including, without limitation: the successful deployment energy solution on the project, the fitness of our energy software and solutions for this particular application or market, the expectations of future revenue growth may not be realized, ongoing demand for our software products and related services, the impact of global pandemics (including COVID-19) on the demand for our products and services; and other risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in our Annual Report on Form 10-K and any subsequent filings with the SEC. 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. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, 2 Stocks That Are About to Make Their Shareholders Richer, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information.
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