At just 150 patients, the trial is a . A company that relies on acquisitions to make its revenue go up can be hiding a sales deterioration in the existing business. Also, apparently, most of the patients in the study were outside of the U.S. 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/. Also he was allowed to treat patients via telehealth telehealth while on probation (src). Just went through LifeMD's annual report and they don't break down marketing expenses per business line. "We believe that the Company has . The Motley Fool recommends Aterian, Inc. 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.". best hunting game for oculus quest 2 culper research legit. Short-Seller's Note is Short on Credibility, LifeMD Says Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. *Average returns of all recommendations since inception. Veru has not yet officially responded to Culper's accusations, which are worrying. 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. Lawsuit filed for Investors in shares of SOS Limited (NYSE: SOS) Verified account Protected Tweets @; Suggested users While the short report is lengthy, here is part of what Culper said. Some research into Culper Research. LexisNexis and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information. Terms of Service. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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"). 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. 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. Press question mark to learn the rest of the keyboard shortcuts. Not really sure how to end this post, but please let me know think. For example, if it has to redesign the study and start from scratch the costs could go up. culper research legit - zoom-content.com 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 . Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. 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? Are the Short Sellers Right About Aterian? | The Motley Fool - Nasdaq George Washington's Secret Six By Brian Kilmeade | ipl.org PDF Disclaimer - IA Rugby.com CleanSpark Investigates Anonymous Short Seller. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning through its cash. Learn More. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Among its raft of accusations, Culper wrote that the trial is significantly smaller than those conducted for other COVID drug candidates and demonstrated a worryingly high mortality rate. Cost basis and return based on previous market day close. The Motley Fool has a disclosure policy. what are you doing after this report? 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. $10/person - click to reserve your spot! 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. 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. George Washington and the Culper Spy Ring - Stony Brook University Home - George Washington and the Culper Spy Ring - Research & Subject The case is 2:21-cv-01273, Lifemd, Inc et al v. Lamarco et al. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? Making the world smarter, happier, and richer. 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. Mariner Research Group - Deep research in a shallow world By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. 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. 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. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. Reference ID: 0.9d8f1402.1677945178.3b82c472. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. TICKETED EVENTS on Culper Spy Day. 1-2, 13). By using this site, you are agreeing to security monitoring and auditing. Our 3 Top Picks. Veru 's ( VERU -0.17%) stock dipped by 5.5% on Friday as of 10:49 a.m. 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. This cant be right ? CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. George Washington's Culper Spy Ring: Separating Fact from Fiction Learn More. Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. Yes and no. This drop over the last month or so has torched like 9% of my portfolio, real quick. 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. CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. Culper on Twitter: "Tomorrow's report features two felons, two alleged It seems clear to us that this report is an attempt by a short seller to negatively impact . The Motley Fool has a disclosure policy. PDF Disclaimer - IA Rugby.com Docent led tours every 30 minutes of the Spies! Honestly, we are letting them win with this plummeting over-reaction. According to the accounting firm, the numbers are fine. 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. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . What should investors make of the allegations brought forth by Culper Research? On the other hand, shorts are always future buyers of your stock. In this conversation. Core Scientific stock drops after new short call from Culper Research The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. 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. 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. As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. 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. Yes, the two executives were at Redwood Scientific. 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? The researcher is also highly unimpressed with the executives guiding the company. Spying is a secret business and thus research into it is most difficult. Culper Research Im holding on to see the company response. It looks very bad . Accounting issues always cause stress for investors. Invest better with The Motley Fool. Criminal Allegations, and an ICO Scam . Veru Stock Could Face Difficulties If the Culper Research Report Is True. Defamation Suit Against Research Company Over Alleged 'Short-and Guys, this is a classic short attack. 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. The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. 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. In the near term, anything can happen to a stock price. The two short-sellers claimed that SOS stock was an . Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. I bought calls just before market close yesterday lol fuck my life. The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. 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. Not only has Aterian has not disclosed that its largest acquisition was from a felon who served prison time, but despite 5 elapsed months, the Company has failed to provide audited financials for the Smash Assets, leaving its S-3 shelf filing ineligible. . The Xometry Short Report. Don't miss the crucial news and insights you need to make informed legal decisions. LifeMD falls after new short call from Culper Research 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. Toggle Navigation Hindenburg Research. 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 . Research is not investment advice nor a recommendation or solicitation to buy securities. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. Published. Sign up below to get this incredible offer! LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. culper research legitmichelle fleury ancestry. 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! Here's what the company said in part. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. Nonetheless the six month delay in reporting is worrisome. To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. Where This Leaves Investors in Veru Stock. "LifeMD uses technology to make health care more accessible to people from all walks of life. That could potentially be a turning point for Veru stock. Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). "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. Veru drops after Culper Research releases a follow up short report More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. 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 . On May 4, an anonymous short seller, "Culper Research," launched an attack on Aterian (ATER), a company that uses artificial intelligence to find, acquire, and launch popular consumer goods businesses. For more information, please see the SECs Web Site Privacy and Security Policy. 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. Investigation Alert: Kessler Topaz Meltzer & Check, LLP is 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. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . Holders of short positions trade on an expected decline in the price of a stock. All Rights Reserved. The company generated about $23,100 in revenue for the first half of 2021. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. 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? culper research legit No LFMD executives were charged. 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 . Tickets are limited. The Culper Research report was also cited in a November 2022 class action lawsuit, which alleged that Core Scientific failed to disclose a series of adverse . The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. For that matter, changing the name of your company a week before a short attack might make people nervous, too. 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.