The Motley Fool has no position in any of the stocks mentioned. Our 3 Top Picks. For that matter, changing the name of your company a week before a short attack might make people nervous, too. 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. Veru has sales revenue from other medical assets it owns. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. 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). George Washington's Secret Six By Brian Kilmeade | ipl.org Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Mark Hake writes about personal finance on mrhake.medium.com, Newsbreak.com and Beehiiv.com. 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. 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. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. Culper alleges that Core Scientific "wildly oversold" both its mining and hosting business. Sucks. 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. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. Press question mark to learn the rest of the keyboard shortcuts. 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. 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. Veru Stock Could Face Difficulties If the Culper Research Report Is True Managing Partner, Chief Investment Officer. The Motley Fool has a disclosure policy. 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. Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. 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. 1001 and 1030). 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. The Motley Fool has a disclosure policy. The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. 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. In the near term, anything can happen to a stock price. https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. 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. We also invite anyone who has any information regarding the persons or entities behind Culper Research to contact the Company at the Investor Relations email address or contact number provided below. Did anyone read this? We look for stocks with the potential for big moves in the near future up or down. 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. VERU Stock Could Face Difficulties If the Culper Research Report Is Will Aterian stock recover from this short attack? LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. 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. 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. Yes, the two executives were at Redwood Scientific. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. 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. I Got the 'SOS', So Here's My Take on the Stock's Saga The complaint, over an alleged short-and-distort stock scheme, was filed by Gordon Rees Scully Mansukhani on behalf of LifeMD Inc., CEO Justin Schreiber and CTO Stefan Galluppi. According to documents Aterian filed with the SEC on April 29, 9380 Macarthur does indeed own almost 5 million shares, or 16.2% of the company. Agreed, this is pretty shitty but have to wait for the response. The short is also correct that the 9380 lockup expires in June, which means that Aterian's biggest shareholder will be free to start selling shares that were acquired for pennies. 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. Create an account to follow your favorite communities and start taking part in conversations. Im holding on to see the company response. CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . Are u selling or still holding? Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). 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. Theres even room for more lines. All expressions of opinion are subject to change without notice, and Culper does not undertake to update or supplement this report or any of the information contained herein. The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. culper research legitsan juan airport restaurants hours. It seems clear to us that this report is an attempt by a short seller to negatively impact . Some research into Culper Research. 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 . 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. Not a Bloomberg Law Subscriber?Subscribe Now. At just 150 patients, the trial is a . The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. 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! 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. 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. Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALMs deep bench of proprietary information to provide insights that cant be found anywhere else. REKR reported $245,000 in Oklahoma revenue for itself, and $1,000,000 in revenue for the state of Oklahoma - "over 25,000" notices of non-compliance were issued, but REKR . Invest better with The Motley Fool. As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. Credit Solution Experts Incorporated offers quality business credit building services, which includes an easy step-by-step system designed for helping clients build their business credit effortlessly. Holders of short positions trade on an expected decline in the price of a stock. Here's what the company said in part. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK ), ("CleanSpark, or "the Company"), an advanced software and controls technology solutions company focused on solving . Alpilean creator (Zach Miller) and medical research editor (Dr. Matthew Gibbs) medically concluded that the longest-lived people on the planet use a "secret trick" on the Alpine ice every night. Press question mark to learn the rest of the keyboard shortcuts. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . LFMD responded to short report, denying the claims and will report something in detail soon. Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. Are the Short Sellers Right About Aterian? | The Motley Fool - Nasdaq Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. Also he was allowed to treat patients via telehealth telehealth while on probation (src). That could potentially be a turning point for Veru stock. Customer Service| Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. 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. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. Were short sellers putting together a scam? But there are some warning signs here. Alpilean Reviews 2023 - Scam or Legit (Update Alpilean Supplement 2023 Clickhereto get started and be first to know about new suits in your region, practice area or client sector. Guys, this is a classic short attack. The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. Eric Volkman has no position in any of the stocks mentioned. 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 . 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. It looks very bad . If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. The report . In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Taylor Carmichael has no position in any of the stocks mentioned. The two short-sellers claimed that SOS stock was an . 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. 1125 N. Charles St, Baltimore, MD 21201. And, the marketing expense for RexMD by Culper is just an "estimate". Veru drops after Culper Research releases a follow up short report Culper Spy Ring Thesis - 167 Words | Bartleby SEC.gov | HOME 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. What kind of manipulation and block trades? Read the complaint here. Like, within two days of the report, which just adds to the shadiness of the situation. Core Scientific stock drops after new short call from Culper Research 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. 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. Prosper Junior Bakiny has no position in any of the stocks mentioned. But that attitude raises a few questions. CLEANSPARK INVESTIGATING SHORT SELLER CULPER RESEARCH . 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 . On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. For more information, please see the SECs Web Site Privacy and Security Policy. A quick scroll through Culper's website yields very little in the way of personnel or address. Create an account to follow your favorite communities and start taking part in conversations. Culper Short Report : r/LFMD - reddit Culperspyday Tri-Spy Tours Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. By downloading from or viewing material on this website you agree to the following Terms of Service. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. Yes and no. I did some deeper digging though using SEC FOIA request logs and Culper's own posts on twitter in an attempt to pull back the curtain a bit. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. Learn More. George Washington and the Culper Spy Ring - Stony Brook University An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning through its cash. For more information, contact opendata@sec.gov. The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. Where This Leaves Investors in Veru Stock. Veru has a market capitalization of $750 million at $8.46 as of May 6. CleanSpark Investigating Short Seller Culper Research | Nasdaq

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