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. 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. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. 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. Criminal Allegations, and an ICO Scam . 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. The Patriots (colonists) were fighting against the British, in this war. For instance, Culper Research alleges that LifeMD presents misleading information regarding its network of doctors and even uses unlicensed professionals "to dispense OTC medication.". 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. Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . Research is not investment advice nor a recommendation or solicitation to buy securities. Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. Is this happening to you frequently? Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? Cost basis and return based on previous market day close. That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. The second major issue the Culper report has with Veru is the quality of management. Accounting issues always cause stress for investors. Is this a bad sign for your stock? 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. The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. 831 Words4 Pages. Read the complaint here. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. 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. $10/person - Space is limited. Under Mr. Cook's . Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. But that attitude raises a few questions. "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. At just 150 patients, the trial is a . How valuable are the assets if you can't trust the sales numbers? CLEANSPARK INVESTIGATING SHORT SELLER CULPER RESEARCH . 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. 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 believe that the Company has . Will Aterian stock recover from this short attack? Verified account Protected Tweets @; Suggested users Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. Sometimes when there is "blood in the water" other shorts will jump in as well. Use of Culper Research's ("Culper") research is at your own risk. 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). Copyright 2023 Culper Research - All Rights Reserved. CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . culper research legitmichelle fleury ancestry. That could potentially be a turning point for Veru stock. Feel like going after another group of asshole short sellers trying to screw over us regular investors? Note: We do not offer technical support for developing or debugging scripted downloading processes. 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. 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. To make the world smarter, happier, and richer. 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. 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. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . 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. 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. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? "LifeMD uses technology to make health care more accessible to people from all walks of life. 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. The Xometry Short Report. And changing your chief financial officer in the midst of this doesn't exactly reassure. Did these scumbags have any insider information? 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. We reserve the right to block IP addresses that submit excessive requests. 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 the U.S. Federal Trade Commission (FTC) back in 2018. ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . License our industry-leading legal content to extend your thought leadership and build your brand. Our 3 Top Picks. Theres even room for more lines. By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . 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. On the other hand, shorts are always future buyers of your stock. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. Pretty brutal. 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. According to the accounting firm, the numbers are fine. The apparent purpose of the Culper Research "report" is to cover or profit from the publisher's short positions in the Company, which the publisher expressly acknowledges holding in the report itself. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. Mark Hake writes about personal finance on mrhake.medium.com, Newsbreak.com and Beehiiv.com. So the names of the defendants in the lawsuit against Redwood were as follows. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. 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. WOW Very BOLD and INTENSE claims made by Culper Research about Blink Charging Fraud!! 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. On April 29, the company rebranded from Mohawk Group Holdings to Aterian. 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). While the short report is lengthy, here is part of what Culper said. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. I do wish to raise two issues: Rivington and my background. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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%. The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. 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. The book talks about a group of spies known as the culper spy ring. Sign up below to get this incredible offer! 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.". 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 . However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. The case is 2:21-cv-01273, Lifemd, Inc et al v. Lamarco et al. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 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. Yes, the two executives were at Redwood Scientific. 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. The Motley Fool has a disclosure policy. LFMD execs were not involved, and left the company. *Average returns of all recommendations since inception. Aterian issued a press release to respond to the short attack. Making the world smarter, happier, and richer. what are you doing after this report? https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. Terms of Service. According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. 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. All rights reserved. Yes and no. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. 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. Read the complaint here: To view this content, please continue to their sites. On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. 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 Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . Veru Stock Could Face Difficulties If the Culper Research Report Is True. Guys, this is a classic short attack. 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. 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 . Use of Culper Research's ("Culper") research is at your own risk. Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! 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. Contact Us| I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. The Motley Fool has no position in any of the stocks mentioned. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. . 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. Here's what the company said in part. The Motley Fool has a disclosure policy. The Austin-based company went public on the Nasdaq via a special purpose acquisition vehicle, or SPAC, in January 2022. This is set for next Tuesday, May 10. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. culper research legitsan juan airport restaurants hours. Create an account to follow your favorite communities and start taking part in conversations. 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. 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. 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. Like, within two days of the report, which just adds to the shadiness of the situation. 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 Motley Fool has no position in any of the stocks mentioned. to two felons and two alleged scam artists, all of whom will be free to dump their stock by August. 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. For more information, visit https://ATL-DATA.com. For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. In 5 minutes of searching, you can see they take partial truths and exaggerate them. To hide from slander cases, perhaps?). Investors might want to watch out. Both options are priced the same. The company did not report any news, but these losses are a result of a short-seller report issued by investigative research firm Culper Research. When typing in this field, a list of search results will appear and be automatically updated as you type. Learn More. Please declare your traffic by updating your user agent to include company specific information. 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. Nasdaq 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? Making the world smarter, happier, and richer. 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. 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. 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. I bought this stock after Citron recommended it. Thank you for your interest in the U.S. Securities and Exchange Commission. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. CleanSpark Investigates Anonymous Short Seller. 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. 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. 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. To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. Research Materials about George Washington, the Culper Spy Ring, and the American Revolutionary War. Clickhereto get started and be first to know about new suits in your region, practice area or client sector. Press question mark to learn the rest of the keyboard shortcuts. For that matter, changing the name of your company a week before a short attack might make people nervous, too. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. More recently, Culper tweeted the response from SEC on a FOIA request for records pertaining to any investigations into OrthoPediatrics Corp., $KIDS. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. 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. 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. Customer Service| 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. *Average returns of all recommendations since inception. Toggle Navigation Hindenburg Research. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) Culper Research alleges that the company appears to use unlicensed doctors to dispense OTC medications. 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 . That request was submitted in December 2020 and according to the SEC FOIA request logs, was done so by a Jeff Bourland linkedin on behalf of an unknown entity, perhaps the "Family Office" listed on his Linkedin. We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. Published on June 1, 2022 June 3, 2022. 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. 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? The most trusted brand in stock market news; Fatest intelligence & alerts; Active trader chat rooms; Option trade alerts; Only comprehensive mobile notifications solution 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. 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? 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. Also he was allowed to treat patients via telehealth telehealth while on probation (src). 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. A quick scroll through Culper's website yields very little in the way of personnel or address. 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. Did anyone read this? To make the world smarter, happier, and richer. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. 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.