Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report 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. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. I do wish to raise two issues: Rivington and my background. More recently, Culper tweeted the response from SEC on a FOIA request for records pertaining to any investigations into OrthoPediatrics Corp., $KIDS. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . 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. 10 czerwca 2022 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 . Veru has sales revenue from other medical assets it owns. Use of Culper Research's ("Culper") research is at your own risk. LFMD execs were not involved, and left the company. While the short report is lengthy, here is part of what Culper said. 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. u/wallstreetbets crowd? 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. 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. 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. 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. Aterian issued a press release to respond to the short attack. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. Five days later, the short report came public. 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. Not a Bloomberg Law Subscriber?Subscribe Now. 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. To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. Learn More. 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. Making the world smarter, happier, and richer. 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. Copyright 2023 InvestorPlace Media, LLC. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. For more information, visit https://ATL-DATA.com. The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. To hide from slander cases, perhaps?). The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . 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). 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. 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. *Average returns of all recommendations since inception. Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. 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. 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 . "LifeMD uses technology to make health care more accessible to people from all walks of life. About Us. We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. The publisher of this false . All rights reserved. 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. In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. He was the original owner of Roe Tavern in Setauket,N.Y. Taylor Carmichael has no position in any of the stocks mentioned. Not really sure how to end this post, but please let me know think. Use of Culper Research's("Culper") research is at your own risk. ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . 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. Apparently, this was not the case . Sign up below to get this incredible offer! However, such information is presented as is, without warranty of any kind whether express or implied. The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. Mark Hake writes about personal finance on mrhake.medium.com, Newsbreak.com and Beehiiv.com. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. Thank you for your interest in the U.S. Securities and Exchange Commission. LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. Your article was successfully shared with the contacts you provided. An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. Spying is a secret business and thus research into it is most difficult. What kind of manipulation and block trades? Time to Buy? By using this site, you are agreeing to security monitoring and auditing. The problem is this is a highly speculative play for most investors. By downloading from or viewing material on this website you agree to the following Terms of Service. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. On May 4, an anonymous short seller, "Culper Research," launched an attack on Aterian (ATER), a company that uses artificial intelligence to find, acquire, and launch popular consumer goods businesses. lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery 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. Does someone more knowledgeable than me have any insight into these numbers ? And 9380 has actually been buying more stock in Aterian since it was acquired by the company. Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. Criminal Allegations, and an ICO Scam . 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 . Join The Legal Intelligencer now! "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." 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Also, apparently, most of the patients in the study were outside of the U.S. 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 further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The Xometry Short Report. Tickets are limited. That's $100 million you paid. The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. 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? 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. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. But that attitude raises a few questions. 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 . Cost basis and return based on previous market day close. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Accounting issues always cause stress for investors. Terms of Service. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. But they were not involved in any fraudulent activity. culper research legitmichelle fleury ancestry. Down 94%, Is Carvana Stock a Buy-the-Dip Opportunity? 1001 and 1030). The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. 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.