Pretty brutal. 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. 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. 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. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. 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. 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. The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. Mohawk Group Holdings) was founded by . CleanSpark Investigates Anonymous Short Seller. Press question mark to learn the rest of the keyboard shortcuts. Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Law.com Radar publishes daily updates on just-filed federal cases like this one. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. What kind of manipulation and block trades? Down 94%, Is Carvana Stock a Buy-the-Dip Opportunity? Spying is a secret business and thus research into it is most difficult. 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). Miracle Cures and Murder For Hire: How A Spoon-Bending Turkish Magician Built A $600 Million Nasdaq-Listed Scam Based On A Lifetime Of Lies. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. The Xometry Short Report. 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. 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. Copyright 2023 Culper Research - All Rights Reserved. For more information, visit https://ATL-DATA.com. Is this a bad sign for your stock? best hunting game for oculus quest 2 culper research legit. Join The Legal Intelligencer now! 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. The Motley Fool has no position in any of the stocks mentioned. 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. On April 29, the company rebranded from Mohawk Group Holdings to Aterian. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning . To make the world smarter, happier, and richer. To hide from slander cases, perhaps?). 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 second major issue the Culper report has with Veru is the quality of management. The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." On Friday, Hindenburg Research and Culper Research released scathing reports on SOS Ltd (NYSE: SOS ), a Chinese cryptocurrency mining company. One concern is that the t otal a ddressable m arket ( TAM) for all forms of . Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Published on June 1, 2022 June 3, 2022. 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. At just 150 patients, the trial is a . Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. 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? 10 czerwca 2022 We look for stocks with the potential for big moves in the near future up or down. 2023 InvestorPlace Media, LLC. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. Honestly, we are letting them win with this plummeting over-reaction. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. 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. 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. Veru has a market capitalization of $750 million at $8.46 as of May 6. 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. Investors could turn away from the company in droves if the researcher's allegations have merit, however. 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? Our second option allows you to build your bundle and strategically select the content that pertains to your needs. At least we have some idea what the manipulation and block-trades that drove this down from $18 to $12 were (culper & friends getting into proper short position before dropping this report). The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery Veru 's ( VERU -0.17%) stock dipped by 5.5% on Friday as of 10:49 a.m. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Skip to Main Content. Blink Charging (NASDAQ: BLNK) trades lower after short seller Culper Research calls the company a scheme to pillage minority investors to the benefit of insiders. The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. Agreed, this is pretty shitty but have to wait for the response. I think the only scary about the report is that some executives at LifeMD, used to work at Redwood Scientific, which was shut down by FTC upon fraud. Learn More. Copyright 2023 InvestorPlace Media, LLC. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. For example, on April 11 Veru announced its Covid-19 drug brought down the mortality rate by 55% but the Culper report said that this was a manipulation of how high mortality rates were with Covid-19. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. 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. Use of Culper Research's("Culper") research is at your own risk. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . A recent report by Culper Research contains numerous false and misleading statements about our company. *Average returns of all recommendations since inception. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. culper research legitmichelle fleury ancestry. These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. A quick scroll through Culper's website yields very little in the way of personnel or address. That could potentially be a turning point for Veru stock. On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. On February 26, 2021, Hindenburg Research and Culper Research published reports regarding SOS Limited, alleging that the Company was a "pump and dump" scheme that used fake addresses and doctored . Apparently, this was not the case . The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. Docent led tours every 30 minutes of the Spies! 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.

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