The Culper Spy Ring was assembled in 1778 by Major Benjamin Tallmadge (alias, John Bolton/721) at the request of General George Washington (711) and operated on Long Island (728) and New York City (727) during the . Accounting issues always cause stress for investors. 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. Under Mr. Cook's . 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. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). 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. Why would the block trades be significantly lower than current stock price at the time? Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. 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. Read the complaint here. 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%. For more information, please see the SECs Web Site Privacy and Security Policy. "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." Join The Legal Intelligencer now! "LifeMD uses technology to make health care more accessible to people from all walks of life. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. Thank you for your interest in the U.S. Securities and Exchange Commission. 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 book talks about a group of spies known as the culper spy ring. And, the marketing expense for RexMD by Culper is just an "estimate". The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. Reference ID: 0.9d8f1402.1677945178.3b82c472. Copyright 2023 Culper Research - All Rights Reserved. Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. At just 150 patients, the trial is a . They short the company, post these reports, and reap the benefits of people over reacting. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. This cant be right ? Cost basis and return based on previous market day close. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. Theres even room for more lines. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. Note: We do not offer technical support for developing or debugging scripted downloading processes. The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . Eric Volkman has no position in any of the stocks mentioned. 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. Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. 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. 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. what are you doing after this report? Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. Mohawk Group Holdings) was founded by . Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. It's important to remember that there are two sides to every story. Will Aterian stock recover from this short attack? 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. Learn More. 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 . 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. 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. culper research legitsan juan airport restaurants hours. More recently, Culper tweeted the response from SEC on a FOIA request for records pertaining to any investigations into OrthoPediatrics Corp., $KIDS. Lorem ipsum dolor sit amet, consectetur adipiscing elit. According to the accounting firm, the numbers are fine. . To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. By downloading from or viewing material on this website you agree to the following Terms of Service. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. To make the world smarter, happier, and richer. We look for stocks with the potential for big moves in the near future up or down. 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. 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. Five days later, the short report came public. Thus, we assign the incremental $18.0M to RexMD. So let's take a look at what Culper is saying about Aterian. 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 . Blink claims that 'EV drivers can easily charge at any of its 15,000 charging stations,' but we estimate the Companys functional public charging station network consists of just 2,192 stations, a mere 15% of this claim.". The Austin-based company went public on the Nasdaq via a special purpose acquisition vehicle, or SPAC, in January 2022. 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. For more information, contact [email protected]. The Motley Fool has a disclosure policy. 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 . I guess my last point is - how much of yesterday's decline is attributed to a short report from a company with a terrible track record vs. attributed to why the stock has declined between the earnings and short report? That's what happened to the shorts in the Gamestopfrenzy earlier this year. 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). Veru has a market capitalization of $750 million at $8.46 as of May 6. 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. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. 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. 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. 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 . 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. Read the complaint here: To view this content, please continue to their sites. 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. Where This Leaves Investors in Veru Stock. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. 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. Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! Copyright 2023 InvestorPlace Media, LLC. Use of Culper Research's ("Culper") research is at your own risk. 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. 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. Taylor Carmichael has no position in any of the stocks mentioned. Spying is a secret business and thus research into it is most difficult. The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. 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. Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. But they were not involved in any fraudulent activity. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Sometimes when there is "blood in the water" other shorts will jump in as well. 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.. It stinks like a skunk to me, but Im not smart. Also, did you notice that there are now at least half a dozen law firms trolling for members to a class action lawsuit against Life? One concern is that the t otal a ddressable m arket ( TAM) for all forms of . Law.com Radar publishes daily updates on just-filed federal cases like this one. Published. More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. Are u selling or still holding? 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. https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. A quick scroll through Culper's website yields very little in the way of personnel or address. In the near term, anything can happen to a stock price. Research is not investment advice nor a recommendation or solicitation to buy securities. Target Stock is Down Nearly 40% From Its High. Aterian issued a press release to respond to the short attack. Making the world smarter, happier, and richer. Please declare your traffic by updating your user agent to include company specific information. 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. 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. 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. 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. 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? 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. Cost basis and return based on previous market day close. I bought this stock after Citron recommended it. The publisher of this false . The suit's 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 . In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . If you have an ad-blocker enabled you may be blocked from proceeding. 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. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. Copyright 2023 ALM Global, LLC. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium 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. quotes delayed at least 15 minutes, all others at least 20 minutes. For that matter, changing the name of your company a week before a short attack might make people nervous, too. For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Sucks. 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. 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? The problem is it has just $116.1 million in cash as of Dec. 31 and is burning . The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Invest better with The Motley Fool. 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. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. Culper Spy Ring Research Paper Intelligence provided by the Culper Spy Ring was instrumental in the defeat of the British during the Revolutionary War. By downloading from or viewing material on this website you agree to the following Terms of Service. "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. Create an account to follow your favorite communities and start taking part in conversations. *Average returns of all recommendations since inception. 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. Making the world smarter, happier, and richer. Veru 's ( VERU -0.17%) stock dipped by 5.5% on Friday as of 10:49 a.m. The Motley Fool has a disclosure policy. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? Do these allegations sound legitimate or a . It looks very bad . Use of Culper Research's ("Culper") research is at your own risk. 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