Theyre calculating that LFMD spends an average of $36 in marketing costs per webpage visitor for REXMD while HIMS spends an average of $2.14 per website visitor for its products . Culper also . "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. 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 . I did some deeper digging though using SEC FOIA request logs and Culper's own posts on twitter in an attempt to pull back the curtain a bit. 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 Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law. PDF Disclaimer - IA Rugby.com The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. 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 . I like pain so I'm holding and also bought 400 more shares at $9, sitting at 2,000 shares now with a $16 cost basis, plus August calls with $15 strike that I bought just before market close yesterday. 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. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. For that matter, changing the name of your company a week before a short attack might make people nervous, too. Cost basis and return based on previous market day close. Eric Volkman has no position in any of the stocks mentioned. 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. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Culper on Twitter: "Tomorrow's report features two felons, two alleged 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. LifeMD falls after new short call from Culper Research 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. 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. An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. culper research legitsan juan airport restaurants hours. On Friday, Hindenburg Research and Culper Research released scathing reports on SOS Ltd (NYSE: SOS ), a Chinese cryptocurrency mining company. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. 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. Adam s cook | Culper Capital Partners Click to reserve your spot! Culper on Twitter Use of Culper Research's("Culper") research is at your own risk. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. This cant be right ? 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. For instance, Culper Research alleges that LifeMD presents misleading information regarding its network of doctors and even uses unlicensed professionals "to dispense OTC medication.". A recent report by Culper Research contains numerous false and misleading statements about our company. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, CleanSpark Reports First Quarter FY2023 Financial Results, CleanSpark Reports Fourth Quarter and Year End FY2022 Financial Results. Veru Shares Move Lower; Culper Research Release Short Report On Stock Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? Yes, in the short term, a short attack on a small cap will often send shares down, and Aterian's stock has dropped 35% since the report came out. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Our Team Account subscription service is for legal teams of four or more attorneys. 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. Learn More. Accounting issues always cause stress for investors. Culper describes Xometry as "an increasingly commoditized middleman for engineers and tinkerers seeking prototyping and small run parts," a description that matches our recent piece on Distributed Manufacturing - A Case Study Unfolding. Meanwhile, almost six months after the acquisition, the audit has finally been completed, and Aterian finally filed its (late) numbers with the SEC on May 14. The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. I bought calls just before market close yesterday lol fuck my life. Not really sure how to end this post, but please let me know think. 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. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). Does someone more knowledgeable than me have any insight into these numbers ? Defamation Suit Against Research Company Over Alleged 'Short-and 1125 N. Charles St, Baltimore, MD 21201. No LFMD executives were charged. what are you doing after this report? Copyright Making the world smarter, happier, and richer. We also invite anyone who has any information regarding the persons or entities behind Culper Research to contact the Company at the Investor Relations email address or contact number provided below. For example, the Culper Research report alleges the entire February 2020 acquisition of p2k Labs, Inc. is "another undisclosed related party transaction, as CleanSpark's CFO Lori Love is found . Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. 1-2, 13). To make the world smarter, happier, and richer. To other RS execs were laundering money (husband and wife). 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 . 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. Invest better with The Motley Fool. Cost basis and return based on previous market day close. culper research legit - creditsolutionexperts.com These statements are based on CleanSpark's current beliefs and expectations. 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. I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. 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. The researcher is also highly unimpressed with the executives guiding the company. Toggle Navigation Hindenburg Research. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) They short the company, post these reports, and reap the benefits of people over reacting. LifeMD, Inc. v. Lamarco, Civil Action 2:21-cv-1273 - Casetext Press question mark to learn the rest of the keyboard shortcuts. Mark Hake writes about personal finance on mrhake.medium.com, Newsbreak.com and Beehiiv.com. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. The two short-sellers claimed that SOS stock was an . Research is not investment advice nor a recommendation or solicitation to buy securities. Where This Leaves Investors in Veru Stock. Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. Making the world smarter, happier, and richer. Down 94%, Is Carvana Stock a Buy-the-Dip Opportunity? George Washington's Culper Spy Ring: Separating Fact from Fiction The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. It's important to remember that there are two sides to every story. The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. VERU stock remains an extremely risky bet today. Invest better with The Motley Fool. Yes, the two executives were at Redwood Scientific. Copyright 2023 Culper Research - All Rights Reserved. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. Im holding on to see the company response. The report . Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. Dissecting the Xometry Stock Short Report - Nanalyze 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. Redwood Scientific Technologies (parent company of RengaLife), Danielle Cadiz (a Redwood executive since December 2016), Advanced Mens Institute Prolongz LLC (Redwoods prior company name), Run Away Products LLC (New York company used to advertise Redwood products) and, Carols Place Limited Partnership (a related asset management limited partnership, owned by the Cardiffs). 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. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Aterian Issues Statement on Inaccurate and Misleading Report by Culper 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. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. Honestly, we are letting them win with this plummeting over-reaction. Some research into Culper Research. 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. 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 . 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Invest better with The Motley Fool. To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. Federal Judge: Lancaster Investment Firm, Executives Must Pay $2M in Civil Penalties, Restitution, Special Master in MoneyGram Feud at SCOTUS Has Surprise Change of Mind, In Jackson's First Majority Opinion, SCOTUS Curbs Delaware's Collection of Unclaimed Property, Class Action Accusing BOA of Inadequate Notice Before Reposessions Hits Federal Court, Law.com Editors and Analysts Offer Top Trends to Watch for 2023. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? The second major issue the Culper report has with Veru is the quality of management. Did anyone read this? To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Agreed, this is pretty shitty but have to wait for the response. Tickets are limited. On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. LFMD execs were not involved, and left the company. But that attitude raises a few questions. $10/person - Space is limited. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. It looks very bad . White Diamond Research | About Us 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. Spying is a secret business and thus research into it is most difficult. Not a Bloomberg Law Subscriber?Subscribe Now. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. I do wish to raise two issues: Rivington and my background. To make the world smarter, happier, and richer. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . culper research legit We reserve the right to block IP addresses that submit excessive requests. Treace Shareholder Action Reminder - Treace Medical Concepts (NASDAQ Culper Spy Ring Thesis - 167 Words | Bartleby BLINK $BLNK STOCK | I READ 26 PAGE CULPER RESEARCH - YouTube In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. exhibit at the Three Village Historical Society. CleanSpark Investigates Anonymous Short Seller. Published on June 1, 2022 June 3, 2022. Do these allegations sound legitimate or a . All rights reserved. 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. Core Scientific Short report by Culper research Deep Dive Culper on Twitter 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. 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 . Create an account to follow your favorite communities and start taking part in conversations. But there are some warning signs here. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Veru has a market capitalization of $750 million at $8.46 as of May 6. A quick scroll through Culper's website yields very little in the way of personnel or address. Are the Short Sellers Right About Aterian? | The Motley Fool - Nasdaq culper research owner - CLARVI According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. CleanSpark has retained the law firm of Wilk Auslander LLP in connection with this matter and will be vigilant in investigating the sources of these misrepresentations, including the identity of those veiled behind the entity calling itself Culper Research. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. What Is the Best EV Stock to Buy Now? LFMD responded to short report, denying the claims and will report something in detail soon. *Average returns of all recommendations since inception. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . However, such information is presented as is, without warranty of any kind whether express or implied. quotes delayed at least 15 minutes, all others at least 20 minutes. According to the accounting firm, the numbers are fine. Also he was allowed to treat patients via telehealth telehealth while on probation (src). If you can't trust management, or its numbers, you really shouldn't be in a stock. 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 the U.S. Federal Trade Commission (FTC) back in 2018. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. Veru drops after Culper Research releases a follow up short report 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. 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. 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? Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. Press question mark to learn the rest of the keyboard shortcuts. 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. That is because $36 includes all of company's business lines, not just RexMD. Veru 's ( VERU -0.17%) stock dipped by 5.5% on Friday as of 10:49 a.m. The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. Contact Us| "LifeMD uses technology to make health care more accessible to people from all walks of life. 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. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. That's what happened to the shorts in the Gamestopfrenzy earlier this year. 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. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. For more information, please see the SECs Web Site Privacy and Security Policy. 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. Holders of short positions trade on an expected decline in the price of a stock. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. Law Firm Investigating Bitcoin Miner Core Scientific for Alleged 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 . 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. I Got the 'SOS', So Here's My Take on the Stock's Saga So the names of the defendants in the lawsuit against Redwood were as follows. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Blink Charging lower after short seller powers in with accusations 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. 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. Veru has sales revenue from other medical assets it owns. Thank you for your interest in the U.S. Securities and Exchange Commission. George Washington's Secret Six By Brian Kilmeade | ipl.org Were short sellers putting together a scam? By downloading from or viewing material on this website you agree to the following Terms of Service. 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). All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. 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. Alpilean Reviews 2023 - Scam or Legit (Update Alpilean Supplement 2023