License our industry-leading legal content to extend your thought leadership and build your brand. Please. 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. Accounting issues always cause stress for investors. More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. Terms of Service. Use of Culper Research's ("Culper") research is at your own risk. The suits 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 medications. *Average returns of all recommendations since inception. Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. 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. LFMD responded to short report, denying the claims and will report something in detail soon. What should investors make of the allegations brought forth by Culper Research? 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. Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. Making the world smarter, happier, and richer. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. While the short report is lengthy, here is part of what Culper said. 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 $1 Million in Retirement? CleanSpark has retained the law firm of Wilk Auslander LLP in connection with this matter and will be vigilant in investigating the sources of these misrepresentations, including the identity of those veiled behind the entity calling itself Culper Research. I have not but wouldn't it stand to reason that a smaller company entering the space would need to spend more to build brand awareness? Yes, it works for cancers, but it does the same to all normal tissue. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. $10/person - Space is limited. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." Does someone more knowledgeable than me have any insight into these numbers ? On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. 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. 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. 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. Both options are priced the same. Toggle Navigation Hindenburg Research. 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." As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. 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. The Austin-based company went public on the Nasdaq via a special purpose acquisition vehicle, or SPAC, in January 2022. The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. 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. 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. Create an account to follow your favorite communities and start taking part in conversations. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . Target Stock is Down Nearly 40% From Its High. Managing Partner, Chief Investment Officer. 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 Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. $10/person - click to reserve your spot! Use of Culper Research's("Culper") research is at your own risk. 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. By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . A company that relies on acquisitions to make its revenue go up can be hiding a sales deterioration in the existing business. On April 29, the company rebranded from Mohawk Group Holdings to Aterian. Guys, this is a classic short attack. 831 Words4 Pages. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. 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. Learn More. Apparently, this was not the case . 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. 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. 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? In the tweet thread, Culper wrote that "Veru's top ranks harbor a history of alleged sham science, failure, and misrepresentation" and are "a team of alleged frauds and failures who now tout a COVID-19 drug.". The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. The Motley Fool has a disclosure policy. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Create an account to follow your favorite communities and start taking part in conversations. Use of Culper Research's("Culper") research is at your own risk. Clickhereto get started and be first to know about new suits in your region, practice area or client sector. For more information, visit https://ATL-DATA.com. Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. 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. The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . Verified account Protected Tweets @; Suggested users Is this happening to you frequently? On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. 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. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. Culper alleges that Core Scientific "wildly oversold" both its mining and hosting business. Veru Stock Could Face Difficulties If the Culper Research Report Is True. 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. 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. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. This cant be right ? The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. 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. This is set for next Tuesday, May 10. Here's what the company said in part. Published on June 1, 2022 June 3, 2022. 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. 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. To make the world smarter, happier, and richer. Copyright 2023 InvestorPlace Media, LLC. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . 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 . 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. Value oriented and event driven investor. 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. Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. Did these scumbags have any insider information? 2023 InvestorPlace Media, LLC. We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. 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. 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. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. So let's take a look at what Culper is saying about Aterian. This drop over the last month or so has torched like 9% of my portfolio, real quick. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. 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. Sign up below to get this incredible offer! Criminal Allegations, and an ICO Scam . Culper also . By using this site, you are agreeing to security monitoring and auditing. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. 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. 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. To hide from slander cases, perhaps?). 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. Is this a bad sign for your stock? On the other hand, the stock dropped 25% . Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? More recently, Culper tweeted the response from SEC on a FOIA request for records pertaining to any investigations into OrthoPediatrics Corp., $KIDS. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) 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%. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. Not a Bloomberg Law Subscriber?Subscribe Now. 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. In its report, Culper Research makes a series of claims concerning LifeMD, its executives, and its operations which, if true, could be devastating to the healthcare company and its shareholders. By downloading from or viewing material on this website you agree to the following Terms of Service. 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. Did they not look into this and see all this??? Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The publication of the report and the tweet thread come hot on the heels of the news that the Food and Drug Administration (FDA) has set a pre-Emergency Use Authorization (EUA) meeting date to discuss that phase 3 study data. Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. We reserve the right to block IP addresses that submit excessive requests. Growing Mineola firm with national practice seeks associate (with 3-6 years experience) to handle complex general liability matters.Competit CASH KRUGLER & FREDERICKS LLC is Celebrating Our 20th Anniversary & Newest Partners! The company generated about $23,100 in revenue for the first half of 2021. Invest better with The Motley Fool. If you can't trust management, or its numbers, you really shouldn't be in a stock. Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . We look for stocks with the potential for big moves in the near future up or down. How valuable are the assets if you can't trust the sales numbers? Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. Research is not investment advice nor a recommendation or solicitation to buy securities. 1001 and 1030). 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. "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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Contact Us| To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. Lorem ipsum dolor sit amet, consectetur adipiscing elit. The Motley Fool has no position in any of the stocks mentioned. That could potentially be a turning point for Veru stock. Also, apparently, most of the patients in the study were outside of the U.S.