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 . Im holding on to see the company response. *Average returns of all recommendations since inception. PDF Disclaimer - IA Rugby.com Here's what the company said in part. Is This Warren Buffett Stock a Buy After Its Dividend Boost? On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. Apparently, this was not the case . Picture this: Benedict Arnold, one of the United State's (U.S.) most infamous traitors and John Andre are successful in conspiring to attack West Point in 1780 ("The Culper Spy Ring," 2010). Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. Veru Stock Could Face Difficulties If the Culper Research Report Is True culper research legitsan juan airport restaurants hours. By using this site, you are agreeing to security monitoring and auditing. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? "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. Site Map, Advertise| Veru 's ( VERU -0.17%) stock dipped by 5.5% on Friday as of 10:49 a.m. 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 . One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. LifeMD, Inc. v. Lamarco, Civil Action 2:21-cv-1273 - Casetext culper research legit - creditsolutionexperts.com For accurate information about the Company, Shareholders should refer to the Company's disclosure documents filed with U.S. Securities and Exchange Commission, which are available online under the Company's EDGAR profile atwww.sec.govor on the Investor Relations tab of the Company's website atwww.CleanSpark.com. Making the world smarter, happier, and richer. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. I took a deep look into the Culper Research short report and this is what I found.Culper Research short report on Core Scientifichttps://img1.wsimg.com/blobb. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). 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. 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 . 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. 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. Invest better with The Motley Fool. So let's take a look at what Culper is saying about Aterian. 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. 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. CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. The researcher is also highly unimpressed with the executives guiding 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. u/wallstreetbets crowd? The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . 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. 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. 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. Mariner Research Group - Deep research in a shallow world 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. 2023 InvestorPlace Media, LLC. Aterian issued a press release to respond to the short attack. PDF Disclaimer - IA Rugby.com Spying is a secret business and thus research into it is most difficult. Terms of Service. On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. While the short report is lengthy, here is part of what Culper said. At least we have some idea what the manipulation and block-trades that drove this down from $18 to $12 were (culper & friends getting into proper short position before dropping this report). 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. Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) 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. The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. Create an account to follow your favorite communities and start taking part in conversations. On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. Did they not look into this and see all this??? 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 $66 Billion in 4 Years, 2 Stocks That Are About to Make Their Shareholders Richer, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. Law Firm Investigating Bitcoin Miner Core Scientific for Alleged An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. The report . On July 21, 2022, shares of Energy Vault fell over 6% after Culper Research issued a report that calls into serious question the business and operations of the company. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Did anyone read this? Press question mark to learn the rest of the keyboard shortcuts. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Does someone more knowledgeable than me have any insight into these numbers ? This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Mohawk Group Holdings) was founded by . "Tomorrow's report features two felons, two alleged scam artists, a CEO with a failed crypto hustle, and what we think is a wildly overhyped, deteriorating business facing existential risk." Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. 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. 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. 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. Don't miss the crucial news and insights you need to make informed legal decisions. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. They have a financial motivation for doing so -- they want the stock price to go down. 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. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. 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. Why would the block trades be significantly lower than current stock price at the time? Are u selling or still holding? Customer Service| Veru has a market capitalization of $750 million at $8.46 as of May 6. Why Veru Stock Got Dented Today | The Motley Fool Cost basis and return based on previous market day close. 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. Veru has not yet officially responded to Culper's accusations, which are worrying. Not really sure how to end this post, but please let me know think. Clickhereto get started and be first to know about new suits in your region, practice area or client sector. 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. According to the accounting firm, the numbers are fine. 1125 N. Charles St, Baltimore, MD 21201. 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. I Got the 'SOS', So Here's My Take on the Stock's Saga But there are some warning signs here. Value oriented and event driven investor. However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. 10 czerwca 2022 We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. Like, within two days of the report, which just adds to the shadiness of the situation. 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 . CleanSpark has retained the law firm of Wilk Auslander LLP in connection with this matter and will be vigilant in investigating the sources of these misrepresentations, including the identity of those veiled behind the entity calling itself Culper Research. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. Investor Alert: Kaplan Fox Investigates Potential - GlobeNewswire News Room Read the complaint here. Veru Shares Move Lower; Culper Research Release Short Report On Stock Our offerings consist of intelligent energy monitoring and controls, intelligent microgrid design software, middleware communications protocols for the energy industry, energy system engineering, and software consulting services. Feel like going after another group of asshole short sellers trying to screw over us regular investors? Sign up below to get this incredible offer! In this conversation. Core Scientific stock drops after new short call from Culper Research Aterian Issues Statement on Inaccurate and Misleading Report by Culper what are you doing after this report? Culper Spy Ring Research Paper Intelligence provided by the Culper Spy Ring was instrumental in the defeat of the British during the Revolutionary War. 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. Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . Cost basis and return based on previous market day close. All rights reserved. The Motley Fool recommends Aterian, Inc. Is this a bad sign for your stock? The two short-sellers claimed that SOS stock was an . Copyright Read the complaint here: To view this content, please continue to their sites. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. Culper Spy Ring Thesis - 167 Words | Bartleby Our 3 Top Picks. 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. Short-Seller's Note is Short on Credibility, LifeMD Says That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. 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. License our industry-leading legal content to extend your thought leadership and build your brand. The suits 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 medications. That is because $36 includes all of company's business lines, not just RexMD. 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. I guess my last point is - how much of yesterday's decline is attributed to a short report from a company with a terrible track record vs. attributed to why the stock has declined between the earnings and short report? 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. Veru drops after Culper Research releases a follow up short report The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. 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. Reference ID: 0.9d8f1402.1677945178.3b82c472. CleanSpark Investigating Short Seller Culper Research | Nasdaq Culper Research In the near term, anything can happen to a stock price. They short the company, post these reports, and reap the benefits of people over reacting. 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 . George Washington and the Culper Spy Ring - Stony Brook University Docent led tours every 30 minutes of the Spies! CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 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. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. Some research into Culper Research. The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. 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. I like pain so I'm holding and also bought 400 more shares at $9, sitting at 2,000 shares now with a $16 cost basis, plus August calls with $15 strike that I bought just before market close yesterday. The Motley Fool has a disclosure policy. Some research into Culper Research : r/LFMD - reddit White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. For example, if it has to redesign the study and start from scratch the costs could go up. And 9380 has actually been buying more stock in Aterian since it was acquired by the company. 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 have an ad-blocker enabled you may be blocked from proceeding. I bought this stock after Citron recommended it. If you can't trust management, or its numbers, you really shouldn't be in a stock. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. Yes, it's horrible and I don't know what to do now. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . 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. Invest better with The Motley Fool. 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.
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