How valuable are the assets if you can't trust the sales numbers? It looks very bad . Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. 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. LFMD execs were not involved, and left the company. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Use of Culper Research's ("Culper") research is at your own risk. Both options are priced the same. Feel like going after another group of asshole short sellers trying to screw over us regular investors? According to the accounting firm, the numbers are fine. We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. However, the language in the response letter uses terms like "we are withholding documents that may be responsive" which Culper and co. are using to lead investors to the conclusion that such records do in fact exist and that an investigation into likely what Culper just detailed in their "report" is ongoing. For that matter, changing the name of your company a week before a short attack might make people nervous, too. 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. Learn More. A recent report by Culper Research contains numerous false and misleading statements about our company. Investors might want to watch out. Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. 1125 N. Charles St, Baltimore, MD 21201. 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? 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. They short the company, post these reports, and reap the benefits of people over reacting. 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. Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . The researcher is also highly unimpressed with the executives guiding the company. 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. However, such information is presented as is, without warranty of any kind whether express or implied. No LFMD executives were charged. . In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. About Us| In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. 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. ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . Copyright 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." 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. The second major issue the Culper report has with Veru is the quality of management. 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. Prosper Junior Bakiny has no position in any of the stocks mentioned. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) 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 SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. 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. 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. Please disable your ad-blocker and refresh. Copyright 2023 Culper Research - All Rights Reserved. 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. To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. 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. Learn More. 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. 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. 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. Does someone more knowledgeable than me have any insight into these numbers ? 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. Read the complaint here: To view this content, please continue to their sites. On Friday, Hindenburg Research and Culper Research released scathing reports on SOS Ltd (NYSE: SOS ), a Chinese cryptocurrency mining company. On July 21, 2022, shares of Energy Vault fell over 6% after Culper Research issued a report that calls into serious question the business and operations of 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. More recently, Culper tweeted the response from SEC on a FOIA request for records pertaining to any investigations into OrthoPediatrics Corp., $KIDS. Published on June 1, 2022 June 3, 2022. 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. Were short sellers putting together a scam? The case is 2:21-cv-01273, Lifemd, Inc et al v. Lamarco et al. We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. We reserve the right to block IP addresses that submit excessive requests. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! 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. WOW Very BOLD and INTENSE claims made by Culper Research about Blink Charging Fraud!! *Average returns of all recommendations since inception. 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. Under Mr. Cook's . Theres even room for more lines. The Motley Fool has a disclosure policy. These statements are based on CleanSpark's current beliefs and expectations. A company that relies on acquisitions to make its revenue go up can be hiding a sales deterioration in the existing business. According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. TICKETED EVENTS on Culper Spy Day. Target Stock is Down Nearly 40% From Its High. 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. Press question mark to learn the rest of the keyboard shortcuts. Honestly, we are letting them win with this plummeting over-reaction. 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. More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. I do wish to raise two issues: Rivington and my background. CleanSpark Investigates Anonymous Short Seller. For questions call 1-877-256-2472 or contact us at [emailprotected], Shearman and Hogan Lovells Call Off Merger Talks, Early Reports: 2023 Am Law 200 Financials, Beyond Excess Capacity, Pooled Services and Automation Expedite Staff Layoffs, Dozens of Law Firms Grew Their Equity Partner Tier, Even as Profits and Demand Plummeted. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . 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. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. 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. 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. All rights reserved. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? Your article was successfully shared with the contacts you provided. On the other hand, the stock dropped 25% . Our Team Account subscription service is for legal teams of four or more attorneys. u/wallstreetbets crowd? 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 . Read the complaint here. However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. But they were not involved in any fraudulent activity. 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. 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. Not a Bloomberg Law Subscriber?Subscribe Now. Culper also . Value oriented and event driven investor. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. 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. 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. What kind of manipulation and block trades? Invest better with The Motley Fool. 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. 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. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. Rivington's association with Culper Jr., and Jr.'s association into the New York City British social environment, clearly places them in contact and since Rivington subsequently provided the British Naval . 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? By downloading from or viewing material on this website you agree to the following Terms of Service. 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. Spying is a secret business and thus research into it is most difficult. The publisher of this false . Nonetheless the six month delay in reporting is worrisome. Veru has a market capitalization of $750 million at $8.46 as of May 6. 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. "LifeMD uses technology to make health care more accessible to people from all walks of life. In the near term, anything can happen to a stock price. Accounting issues always cause stress for investors. 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. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Why would the block trades be significantly lower than current stock price at the time? Sign up below to get this incredible offer! For instance, Culper Research alleges that LifeMD presents misleading information regarding its network of doctors and even uses unlicensed professionals "to dispense OTC medication.". Pretty brutal. In 5 minutes of searching, you can see they take partial truths and exaggerate them. We look for stocks with the potential for big moves in the near future up or down. The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. 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. The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. 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 . Note: We do not offer technical support for developing or debugging scripted downloading processes. Don't miss the crucial news and insights you need to make informed legal decisions. 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. Press question mark to learn the rest of the keyboard shortcuts. Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms financials, staffing, clients, news and events. Managing Partner, Chief Investment Officer. 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. Where This Leaves Investors in Veru Stock. The rather eclectic biotech -- it has a female contraceptive product, FC2, on the market, and is developing cancer drugs -- has attracted much interest because of the apparently promising sabizabulin. Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. CLEANSPARK INVESTIGATING SHORT SELLER CULPER RESEARCH . Down 94%, Is Carvana Stock a Buy-the-Dip Opportunity? Customer Service| Criminal Allegations, and an ICO Scam . 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. 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 . from 8 AM - 9 PM ET. Did they not look into this and see all this??? Guys, this is a classic short attack. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. The problem is this is a highly speculative play for most investors. 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. Tickets are limited. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. To other RS execs were laundering money (husband and wife). Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. By using this site, you are agreeing to security monitoring and auditing. https://www.law.com/thelegalintelligencer/2021/09/27/defamation-suit-against-research-company-over-alleged-short-and-distort-stock-scheme-alert-moves-to-fed-court/. 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