To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. 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. Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. 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 . The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. The case is 2:21-cv-01273, Lifemd, Inc et al v. Lamarco et al. CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. 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. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. But it burnt through almost $9 million in free cash flow (FCF) during its latest quarter ending Dec. 31., according to its 10-Q filing. 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. I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. Women, Influence & Power in Law UK Awards 2023, Legalweek Leaders in Tech Law Awards 2023, WORKERS COMPENSATION ATTORNEY - Hartford, CT, Offering an Opportunity of a Lifetime for Personal Injury Lawyers, What Does Your Business Agreement Really Mean? Published. Are u selling or still holding? Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. "We believe that the Company has . 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. Invest better with The Motley Fool. LFMD responded to short report, denying the claims and will report something in detail soon. The second major issue the Culper report has with Veru is the quality of management. 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. What kind of manipulation and block trades? culper research legitsan juan airport restaurants hours. On the other hand, shorts are always future buyers of your stock. Theres even room for more lines. Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff, 5 Penny Cryptos With the Most Potential for Growth, 7 Penny Stocks Poised for Explosive Growth in 2023. Veru has a market capitalization of $750 million at $8.46 as of May 6. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. Prosper Junior Bakiny has no position in any of the stocks mentioned. In 5 minutes of searching, you can see they take partial truths and exaggerate them. 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. Nonetheless the six month delay in reporting is worrisome. exhibit at the Three Village Historical Society. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. Use of Culper Research's("Culper") research is at your own risk. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. All Rights Reserved. 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.". 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 report seems to imply that Veru will be another failure just like other drug companies the management has run. Contact Us| Law.com Radar publishes daily updates on just-filed federal cases like this one. Docent led tours every 30 minutes of the Spies! Research is not investment advice nor a recommendation or solicitation to buy securities. Invest better with The Motley Fool. 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). 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. Copyright 2023 InvestorPlace Media, LLC. 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%. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. VERU stock remains an extremely risky bet today. Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. On April 29, the company rebranded from Mohawk Group Holdings to Aterian. 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. 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. Please. 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 Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. Use of Culper Research's ("Culper") research is at your own risk. Reference ID: 0.9d8f1402.1677945178.3b82c472. For instance, Culper Research alleges that LifeMD presents misleading information regarding its network of doctors and even uses unlicensed professionals "to dispense OTC medication.". The Patriots (colonists) were fighting against the British, in this war. CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn 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. But that attitude raises a few questions. 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. Press question mark to learn the rest of the keyboard shortcuts. To make the world smarter, happier, and richer. 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. 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? It's important to remember that there are two sides to every story. best hunting game for oculus quest 2 culper research legit. Is this happening to you frequently? Create an account to follow your favorite communities and start taking part in conversations. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. It is very clear that one of their tactics is to submit FOIA requests for information regarding investigations into companies they are attacking, which if you know the Freedom of Information Act, is information that would never be released to the public. The company generated about $23,100 in revenue for the first half of 2021. 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. 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. Culper Research alleges that the company appears to use unlicensed doctors to dispense OTC medications. But there are some warning signs here. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. 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. The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, CleanSpark Reports First Quarter FY2023 Financial Results, CleanSpark Reports Fourth Quarter and Year End FY2022 Financial Results. 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. Were short sellers putting together a scam? 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 the other hand, the stock dropped 25% . Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. TICKETED EVENTS on Culper Spy Day. to two felons and two alleged scam artists, all of whom will be free to dump their stock by August. Criminal Allegations, and an ICO Scam . With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. 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. 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 . Both options are priced the same. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. The publisher of this false . Sometimes when there is "blood in the water" other shorts will jump in as well. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. 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! We look for stocks with the potential for big moves in the near future up or down. 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. 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 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. 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. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. 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. Yes and no. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Terms of Service. 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. Where This Leaves Investors in Veru Stock. 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 . 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. By downloading from or viewing material on this website you agree to the following Terms of Service. Sucks. According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. 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. Is this a bad sign for your stock? Veru Stock Could Face Difficulties If the Culper Research Report Is True. Use of Culper Research's("Culper") research is at your own risk. This suit was surfaced by Law.com Radar. 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. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. 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. This cant be right ? Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including, without limitation: the successful deployment energy solution on the project, the fitness of our energy software and solutions for this particular application or market, the expectations of future revenue growth may not be realized, ongoing demand for our software products and related services, the impact of global pandemics (including COVID-19) on the demand for our products and services; and other risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in our Annual Report on Form 10-K and any subsequent filings with the SEC. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. The two short-sellers claimed that SOS stock was an . By using this site, you are agreeing to security monitoring and auditing. What Joseph L. Rini Knows, Attorney Rachel Y. Marshall A Pillar of Strength for the Community, SpotDraft Raises $26 Million in Series A Funding for AI-Powered Legal Software. In a 10-tweet thread digesting the report and posted on Monday, Culper accused Veru of "glaring anomalies" in its phase 3 clinical trial of coronavirus drug sabizabulin. 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. The Motley Fool has no position in any of the stocks mentioned. They have a financial motivation for doing so -- they want the stock price to go down. Copyright Mohawk Group Holdings) was founded by . Thank you for your interest in the U.S. Securities and Exchange Commission. Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. 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? How valuable are the assets if you can't trust the sales numbers? 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. Did anyone read this? Taylor Carmichael has no position in any of the stocks mentioned. Clickhereto get started and be first to know about new suits in your region, practice area or client sector. 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 . The publisher of this false report is an unknown entity or group hidden behind the facade of "Culper Research," which disguises the identity of the actual author(s). Learn More. 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.". Treace Medical Concepts (TMCI) dropped 17% after a new short report from Culper Research.Culper Research says it's short the stock.Treace Medical (TMCI) didn't immediately return. 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. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. 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. 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. At just 150 patients, the trial is a . Create an account to follow your favorite communities and start taking part in conversations. 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. A company that relies on acquisitions to make its revenue go up can be hiding a sales deterioration in the existing business. All rights reserved. 831 Words4 Pages. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. This drop over the last month or so has torched like 9% of my portfolio, real quick. Here's what the company said in part. To make the world smarter, happier, and richer. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. 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 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. The book talks about a group of spies known as the culper spy ring. I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. 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. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. Five days later, the short report came public. 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. Read the complaint here. The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. u/wallstreetbets crowd? On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. However, such information is presented as is, without warranty of any kind whether express or implied. Under Mr. Cook's . For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. "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. Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. 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.
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