They have a financial motivation for doing so -- they want the stock price to go down. However, such information is presented as is, without warranty of any kind whether express or implied. 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. A recent report by Culper Research contains numerous false and misleading statements about our company. "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." 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 . Investors might want to watch out. Target Stock is Down Nearly 40% From Its High. Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! VERU stock remains an extremely risky bet today. More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. Create an account to follow your favorite communities and start taking part in conversations. Site Map, Advertise| In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. 1125 N. Charles St, Baltimore, MD 21201. CleanSpark Investigates Anonymous Short Seller. 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. 1001 and 1030). Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Spying is a secret business and thus research into it is most difficult. 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 . 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 . You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . Culper Spy Ring Research Paper Intelligence provided by the Culper Spy Ring was instrumental in the defeat of the British during the Revolutionary War. Value oriented and event driven investor. Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. 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. 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. Cost basis and return based on previous market day close. LFMD responded to short report, denying the claims and will report something in detail soon. 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. Sucks. Please. 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. Learn More. CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. 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. Do these allegations sound legitimate or a . Our Team Account subscription service is for legal teams of four or more attorneys. Aterian issued a press release to respond to the short attack. 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. Eric Volkman has no position in any of the stocks mentioned. In this conversation. For example, if it has to redesign the study and start from scratch the costs could go up. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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/. 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, possess accounting irregularities, or otherwise deceived investors," published a blistering report on its short position in Veru. Click to reserve your spot! 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. Please declare your traffic by updating your user agent to include company specific information. to two felons and two alleged scam artists, all of whom will be free to dump their stock by August. 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. On the other hand, the stock dropped 25% . Why would the block trades be significantly lower than current stock price at the time? Apparently, this was not the case . Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? But they were not involved in any fraudulent activity. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. Not a Bloomberg Law Subscriber?Subscribe Now. The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. Criminal Allegations, and an ICO Scam . Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. The most trusted brand in stock market news; Fatest intelligence & alerts; Active trader chat rooms; Option trade alerts; Only comprehensive mobile notifications solution Research Materials about George Washington, the Culper Spy Ring, and the American Revolutionary War. Did these scumbags have any insider information? The Austin-based company went public on the Nasdaq via a special purpose acquisition vehicle, or SPAC, in January 2022. 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. For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. Making the world smarter, happier, and richer. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Feel like going after another group of asshole short sellers trying to screw over us regular investors? 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. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. 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. Research is not investment advice nor a recommendation or solicitation to buy securities. The Patriots (colonists) were fighting against the British, in this 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. By downloading from or viewing material on this website you agree to the following Terms of Service. Learn More. Guys, this is a classic short attack. 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. 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. Yes, it works for cancers, but it does the same to all normal tissue. what are you doing after this report? On the other hand, shorts are always future buyers of your stock. I bought calls just before market close yesterday lol fuck my life. Learn More. Did they not look into this and see all this??? 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 . Just went through LifeMD's annual report and they don't break down marketing expenses per business line. 1125 N. Charles St, Baltimore, MD 21201. 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. Accounting issues always cause stress for investors. Copyright This cant be right ? Cost basis and return based on previous market day close. 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 can't trust management, or its numbers, you really shouldn't be in a stock. Customer Service| 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 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. Pretty brutal. Holders of short positions trade on an expected decline in the price of a stock. To make the world smarter, happier, and richer. 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. Tickets are limited. 2023 InvestorPlace Media, LLC. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? The two short-sellers claimed that SOS stock was an . Is this a bad sign for your stock? The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. Making the world smarter, happier, and richer. 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. 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. Use of Culper Research's("Culper") research is at your own risk. About Us. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Copyright 2023 ALM Global, LLC. The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . Published. The company generated about $23,100 in revenue for the first half of 2021. 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. 831 Words4 Pages. Prior to co-founding Culper Capital Partners, he served as Majority Shareholder, Chairman & CEO of Glebar Company ("Glebar"), a role which he held from April 2013 to March 2020. Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. And, the marketing expense for RexMD by Culper is just an "estimate". Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. 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. The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. "We believe that the Company has . That's $100 million you paid. 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. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. That is because $36 includes all of company's business lines, not just RexMD. The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. Use of Culper Research's ("Culper") research is at your own risk. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Culper alleges that Core Scientific "wildly oversold" both its mining and hosting business. 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 problem is it has just $116.1 million in cash as of Dec. 31 and is burning through its cash. u/wallstreetbets crowd? If Justin and Stefan were involved in anyway they would have been on the list of named defendants. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. 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. 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. Read the complaint here: To view this content, please continue to their sites. Mark Hake writes about personal finance on mrhake.medium.com, Newsbreak.com and Beehiiv.com. Please disable your ad-blocker and refresh. 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. 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? Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Making the world smarter, happier, and richer. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). Only bright sides I can see are that none of the allegations suggest that the revenue is fake, so were still talking about a company poised to do $90M in rev this year, and that management will know theyre under a microscope and should be incentivized to clean up their act. 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.". 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. This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. 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. 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. Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. 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. 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. 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. 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. But there are some warning signs here. LFMD execs were not involved, and left the company. It looks very bad . 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..
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