CleanSpark Investigates Anonymous Short Seller. 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. It seems clear to us that this report is an attempt by a short seller to negatively impact . Treace Medical plunges on new short report from Culper Research Culper on Twitter 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.". This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. Culper also . Law Firm Investigating Bitcoin Miner Core Scientific for Alleged Please. 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. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Why would the block trades be significantly lower than current stock price at the time? An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. $10/person - click to reserve your spot! So let's take a look at what Culper is saying about Aterian. Treace Shareholder Action Reminder - Treace Medical Concepts (NASDAQ But there are some warning signs here. The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. 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. Lorem ipsum dolor sit amet, consectetur adipiscing elit. "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. Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. Christian Lamarco - New York, New York, United States - LinkedIn Do these allegations sound legitimate or a . These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." 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. Treace Investor Alert - Treace Medical Concepts (NASDAQ:TMCI) 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. 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. The Culper Ring During The Revolutionary War | ipl.org Investors could turn away from the company in droves if the researcher's allegations have merit, however. Investigation Alert: Kessler Topaz Meltzer & Check, LLP is We reserve the right to block IP addresses that submit excessive requests. Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law. Published. The report seems to imply that Veru will be another failure just like other drug companies the management has run. 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. Holders of short positions trade on an expected decline in the price of a stock. But that attitude raises a few questions. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. 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. 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. Did anyone read this? 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. 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. For example, if it has to redesign the study and start from scratch the costs could go up. 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 . On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). Read the complaint here. Is this a bad sign for your 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. 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. It's important to remember that there are two sides to every story. What kind of manipulation and block trades? 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. Research is not investment advice nor a recommendation or solicitation to buy securities. 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%. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. 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? The company generated about $23,100 in revenue for the first half of 2021. George Washington's Culper Spy Ring: Separating Fact from Fiction After they cash in on the Short, they then turn around and ride the wave back up, which happens to most companies they've done this to. $10/person - Space is limited. 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 . 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 industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. The second major issue the Culper report has with Veru is the quality of management. Like, within two days of the report, which just adds to the shadiness of the situation. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. The Austin-based company went public on the Nasdaq via a special purpose acquisition vehicle, or SPAC, in January 2022. While the short report is lengthy, here is part of what Culper said. Target Stock is Down Nearly 40% From Its High. 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. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? That is because $36 includes all of company's business lines, not just RexMD. 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/. Sign up below to get this incredible offer! License our industry-leading legal content to extend your thought leadership and build your brand. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. 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 November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). This drop over the last month or so has torched like 9% of my portfolio, real quick. best hunting game for oculus quest 2 culper research legit. On October 31, 2019, Culper Research published a scathing report detailing reasons Culper Research believes the Company's internal review "was a farce, and shares are ultimately worthless." 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. The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. Culper alleges that Core Scientific "wildly oversold" both its mining and hosting business. For some reason, Jacob appears to be very opposed to crypto which may tie in to Culper's short attacks on $SOS, but that is pure speculation on my part. 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. Yes, it works for cancers, but it does the same to all normal tissue. Published on June 1, 2022 June 3, 2022. The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. The most trusted brand in stock market news; Fatest intelligence & alerts; Active trader chat rooms; Option trade alerts; Only comprehensive mobile notifications solution 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 two short-sellers claimed that SOS stock was an . Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. 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 addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. Some research into Culper Research. Culper on Twitter: "It appears $LFMD is once again attempting to bury Value oriented and event driven investor. 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 . Will Aterian stock recover from this short attack? The Motley Fool has no position in any of the stocks mentioned. 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 . If you're a natural optimist, shorts are handy as a devil's advocate, reminding you of all the bad things that can happen to your stock. 1125 N. Charles St, Baltimore, MD 21201. https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 10 czerwca 2022 Use of Culper Research's("Culper") research is at your own risk. Our 3 Top Picks. culper research legit - creditsolutionexperts.com 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. 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. Copyright 2023 ALM Global, LLC. Culper Spy Ring Research Paper Intelligence provided by the Culper Spy Ring was instrumental in the defeat of the British during the Revolutionary War. Nasdaq culper research owner - CLARVI George Washington and the Culper Spy Ring - Stony Brook University 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Yes and no. 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. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. Does someone more knowledgeable than me have any insight into these numbers ? 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. 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. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Invest better with The Motley Fool. u/wallstreetbets crowd? If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. 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. Sometimes when there is "blood in the water" other shorts will jump in as well. For that matter, changing the name of your company a week before a short attack might make people nervous, too. 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. Eric Volkman has no position in any of the stocks mentioned. Short-Seller's Note is Short on Credibility, LifeMD Says Core Scientific Short report by Culper research Deep Dive On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. All Rights Reserved. The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. Customer Service| *Average returns of all recommendations since inception. In 5 minutes of searching, you can see they take partial truths and exaggerate them. Defamation Suit Against Research Company Over Alleged 'Short-and Pretty brutal. In the near term, anything can happen to a stock price. Agreed, this is pretty shitty but have to wait for the response. culper research legitmichelle fleury ancestry. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. Adam s cook | Culper Capital Partners This implies that it could end up wasting a lot of its cash if the Phase 3 clinical study is not successful in obtaining FDA EUA approval. Both options are priced the same. Also he was allowed to treat patients via telehealth telehealth while on probation (src). 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. Skip to Main Content. To make the world smarter, happier, and richer. Veru has a market capitalization of $750 million at $8.46 as of May 6. 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. Feel like going after another group of asshole short sellers trying to screw over us regular investors? To make the world smarter, happier, and richer. I need to wait for management's response and the Q1 earnings release to really make an opinion on the merits of this short report. According to the accounting firm, the numbers are fine. These statements are based on CleanSpark's current beliefs and expectations. 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. 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.

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