Feel like going after another group of asshole short sellers trying to screw over us regular investors? Where This Leaves Investors in Veru Stock. 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. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. Invest better with The Motley Fool. 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. 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. 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, possess accounting irregularities, or otherwise deceived investors," published a blistering report on its short position in Veru. Criminal Allegations, and an ICO Scam . The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. Accounting issues always cause stress for investors. I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. The two short-sellers claimed that SOS stock was an . Both options are priced the same. This is set for next Tuesday, May 10. Toggle Navigation Hindenburg Research. The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. 10 czerwca 2022 To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. Join The Legal Intelligencer now! If you have an ad-blocker enabled you may be blocked from proceeding. 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. 1125 N. Charles St, Baltimore, MD 21201. Veru has a market capitalization of $750 million at $8.46 as of May 6. 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. 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. What should investors make of the allegations brought forth by Culper Research? We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. 1-2, 13). 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. 1001 and 1030). That's what happened to the shorts in the Gamestopfrenzy earlier this year. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. 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. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Veru Inc. (VERU) fell 6.7% after Culper Research released another short report on the oncology-focused biopharmaceutical company.Culper alleged in the report that at baseline, the. What Is the Best EV Stock to Buy Now? Is this happening to you frequently? 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. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. To make the world smarter, happier, and richer. Sometimes when there is "blood in the water" other shorts will jump in as well. The Motley Fool has no position in any of the stocks mentioned. Did these scumbags have any insider information? The problem is this is a highly speculative play for most investors. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. "We believe that the Company has . Like, within two days of the report, which just adds to the shadiness of the situation. Published on June 1, 2022 June 3, 2022. 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.. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . 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. "LifeMD uses technology to make health care more accessible to people from all walks of life. $10/person - click to reserve your spot! The Austin-based company went public on the Nasdaq via a special purpose acquisition vehicle, or SPAC, in January 2022. CleanSpark takes seriously any accusations of impropriety, stands behind its prior statements and disclosures, and will not tolerate unfounded and reckless claims against the Company. Read the complaint here: To view this content, please continue to their sites. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. Why would the block trades be significantly lower than current stock price at the time? Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. While the short report is lengthy, here is part of what Culper said. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. More recently, Culper tweeted the response from SEC on a FOIA request for records pertaining to any investigations into OrthoPediatrics Corp., $KIDS. *Average returns of all recommendations since inception. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. LFMD execs were not involved, and left the company. Eric Volkman has no position in any of the stocks mentioned. REKR reported $245,000 in Oklahoma revenue for itself, and $1,000,000 in revenue for the state of Oklahoma - "over 25,000" notices of non-compliance were issued, but REKR . Blink claims that 'EV drivers can easily charge at any of its 15,000 charging stations,' but we estimate the Companys functional public charging station network consists of just 2,192 stations, a mere 15% of this claim.". The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. Cost basis and return based on previous market day close. Investors might want to watch out. The rather eclectic biotech -- it has a female contraceptive product, FC2, on the market, and is developing cancer drugs -- has attracted much interest because of the apparently promising sabizabulin. But there are some warning signs here. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. 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. 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. 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. Veru has a market capitalization of $750 million at $8.46 as of May 6. 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 . Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. That could potentially be a turning point for Veru stock. 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. 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). 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. ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. A quick scroll through Culper's website yields very little in the way of personnel or address. Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. We look for stocks with the potential for big moves in the near future up or down. An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. Invest better with The Motley Fool. 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. Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. Shares of healthcare services provider LifeMD (LFMD 1.68%) are plunging on Wednesday and were down by 22.3% as of 3:45 p.m. EDT. Aterian issued a press release to respond to the short attack. Verified account Protected Tweets @; Suggested users Law360 (September 20, 2021, 7:52 PM EDT) -- A negative report from stock research firm Culper Research about telehealth company LifeMD Inc. was part of a "short and distort" stock scheme to defame . Use of Culper Research's ("Culper") research is at your own risk. Sucks. Here is what I think: These scumbags are going after companies with low institutional/high retail stocks that are on fire, to take advantage of panic. 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 . 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. Dont listen to shitron in the first place, that guy is the worst, Did some research, seems like Dr Badii is no longer with RexMD. Also, apparently, most of the patients in the study were outside of the U.S. 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. 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. All rights reserved. *Average returns of all recommendations since inception. Use of Culper Research's("Culper") research is at your own risk. In this conversation. Our 3 Top Picks. 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. He was the original owner of Roe Tavern in Setauket,N.Y. 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. 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.". On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. Did anyone read this? Thus, we assign the incremental $18.0M to RexMD. Alpilean creator (Zach Miller) and medical research editor (Dr. Matthew Gibbs) medically concluded that the longest-lived people on the planet use a "secret trick" on the Alpine ice every night. Veru has not yet officially responded to Culper's accusations, which are worrying. Under Mr. Cook's . Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Please. 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. 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. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) 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. 1125 N. Charles St, Baltimore, MD 21201. The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. 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. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? 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. Mohawk Group Holdings) was founded by . Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! On Friday, Hindenburg Research and Culper Research released scathing reports on SOS Ltd (NYSE: SOS ), a Chinese cryptocurrency mining company. 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. Here's what the company said in part. 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 . 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. That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . 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. CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. Is This Warren Buffett Stock a Buy After Its Dividend Boost? The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . That's $100 million you paid. On the other hand, shorts are always future buyers of your stock. License our industry-leading legal content to extend your thought leadership and build your brand. 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 . Use of Culper Research's ("Culper") research is at your own risk. It's important to remember that there are two sides to every story. On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. By downloading from or viewing material on this website you agree to the following Terms of Service. 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! Site Map, Advertise| Mark Hake writes about personal finance on mrhake.medium.com, Newsbreak.com and Beehiiv.com. 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. 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. Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. Another bright side is the short report does not have a single mention of PDFSimpli, so if all else fails and the telehealth biz goes to zero at least we have a market cap base of maybe $60-70 million for PDFSimpli lol. 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. We reserve the right to block IP addresses that submit excessive requests. 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. In the near term, anything can happen to a stock price. Create an account to follow your favorite communities and start taking part in conversations. Culper Spy Ring Research Paper Intelligence provided by the Culper Spy Ring was instrumental in the defeat of the British during the Revolutionary War. 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. Making the world smarter, happier, and richer. All Rights Reserved. Lorem ipsum dolor sit amet, consectetur adipiscing elit. 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. Learn More. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Not a Bloomberg Law Subscriber?Subscribe Now. The Motley Fool has a disclosure policy. The researcher is also highly unimpressed with the executives guiding the company. Investors could turn away from the company in droves if the researcher's allegations have merit, however. This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. 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. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? 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. 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.
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