Investors might want to watch out. Sign up below to get this incredible offer! You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . Mohawk Group Holdings) was founded by . Cost basis and return based on previous market day close. 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. I do wish to raise two issues: Rivington and my background. 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%. 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. 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. *Average returns of all recommendations since inception. 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. Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. So the names of the defendants in the lawsuit against Redwood were as follows. For more information, contact opendata@sec.gov. 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. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). 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. . 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. 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. I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning . All rights reserved. Docent led tours every 30 minutes of the Spies! Some research into Culper Research. Honestly, we are letting them win with this plummeting over-reaction. Not a Bloomberg Law Subscriber?Subscribe Now. So let's take a look at what Culper is saying about Aterian. 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. $10/person - click to reserve your spot! Value oriented and event driven investor. Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. 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 . Thus, we assign the incremental $18.0M to RexMD. Culper alleges that Core Scientific "wildly oversold" both its mining and hosting business. Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. Does someone more knowledgeable than me have any insight into these numbers ? "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." 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. "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. That is because $36 includes all of company's business lines, not just RexMD. Read the complaint here. 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. 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. 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. 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.. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. 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. Our Team Account subscription service is for legal teams of four or more attorneys. Veru has not yet officially responded to Culper's accusations, which are worrying. 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. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. 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. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . 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. 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 . Jan 21, 2021 1:53PM EST. Prosper Junior Bakiny has no position in any of the stocks mentioned. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. 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). Our second option allows you to build your bundle and strategically select the content that pertains to your needs. 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. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. 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. CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . 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. Im holding on to see the company response. All rights reserved. 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. VERU stock remains an extremely risky bet today. Please declare your traffic by updating your user agent to include company specific information. 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. Making the world smarter, happier, and richer. By downloading from or viewing material on this website you agree to the following Terms of Service. Terms of Service. 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. On the other hand, the stock dropped 25% . 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. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. 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. "We believe that the Company has . A recent report by Culper Research contains numerous false and misleading statements about our company. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. Use of Culper Research's ("Culper") research is at your own risk. Our 3 Top Picks. Toggle Navigation Hindenburg Research. License our industry-leading legal content to extend your thought leadership and build your brand. 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. 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. 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. SALT LAKE CITY, January 21, 2021 -- 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. Will Aterian stock recover from this short attack? Law.com Radar publishes daily updates on just-filed federal cases like this one. 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 . On Friday, Hindenburg Research and Culper Research released scathing reports on SOS Ltd (NYSE: SOS ), a Chinese cryptocurrency mining company. This response seems to concede that the company acquired the business from somebody convicted of crimes ("we identified the historical legal concerns raised in the report"), but that it judged the information irrelevant ("unrelated to the acquired businesses"). The Motley Fool recommends Aterian, Inc. In the near term, anything can happen to a stock price. Veru has sales revenue from other medical assets it owns. Published on June 1, 2022 June 3, 2022. 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. 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 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. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. 1125 N. Charles St, Baltimore, MD 21201. 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. However, LifeMD's shares will likely be highly volatile now that this report is out there, and I'd think twice about initiating a position in this healthcare stock anytime soon. Skip to Main Content. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Under Mr. Cook's . Is This Warren Buffett Stock a Buy After Its Dividend Boost? Reddit and its partners use cookies and similar technologies to provide you with a better experience. As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. The company generated about $23,100 in revenue for the first half of 2021. 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 . The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . Invest better with The Motley Fool. Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. On April 29, the company rebranded from Mohawk Group Holdings to Aterian. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. Press question mark to learn the rest of the keyboard shortcuts. Sucks. Please. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. This suit was surfaced by Law.com Radar. To make the world smarter, happier, and richer. 10 czerwca 2022 Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 CleanSpark Investigating Short Seller Culper Research. However, such information is presented as is, without warranty of any kind whether express or implied. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. It's important to remember that there are two sides to every story. The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law. 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 .

Ronnie Stanley Family, Transaction Failed Due To Issuer Node Offline Means, Broadening Formation The Strat, Articles C