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. An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. 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. Honestly, we are letting them win with this plummeting over-reaction. Cost basis and return based on previous market day close. Read the complaint here. 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. 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. Aterian (f.k.a. 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). Sign up below to get this incredible offer! The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. Did these scumbags have any insider information? Is This Warren Buffett Stock a Buy After Its Dividend Boost? 1125 N. Charles St, Baltimore, MD 21201. Did anyone read this? "LifeMD uses technology to make health care more accessible to people from all walks of life. Veru has not yet officially responded to Culper's accusations, which are worrying. Yes, it works for cancers, but it does the same to all normal tissue. Accounting issues always cause stress for investors. Research is not investment advice nor a recommendation or solicitation to buy securities. 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 . 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 . 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. The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." 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? Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! To make the world smarter, happier, and richer. That is because $36 includes all of company's business lines, not just RexMD. So the names of the defendants in the lawsuit against Redwood were as follows. Apparently, this was not the case . 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 . 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 . Nonetheless the six month delay in reporting is worrisome. He was the original owner of Roe Tavern in Setauket,N.Y. The second major issue the Culper report has with Veru is the quality of management. To make the world smarter, happier, and richer. Prosper Junior Bakiny has no position in any of the stocks mentioned. Learn More. 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. This cant be right ? 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. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . Taylor Carmichael has no position in any of the stocks mentioned. 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. In December 2020, Aterian purchased 9380 Macarthur LLC ("the Smash Assets") from (a) convicted felonwho also appears to be late on $4.1 million of taxes to the State of California. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. Not a Bloomberg Law Subscriber?Subscribe Now. 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. We reserve the right to block IP addresses that submit excessive requests. Site Map, Advertise| The Motley Fool has a disclosure policy. Managing Partner, Chief Investment Officer. Use of Culper Research's ("Culper") research is at your own risk. Does someone more knowledgeable than me have any insight into these numbers ? 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. Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). 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. 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. Pretty brutal. In the near term, anything can happen to a stock price. I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. In 5 minutes of searching, you can see they take partial truths and exaggerate them. 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. *Average returns of all recommendations since inception. 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. 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. 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. to two felons and two alleged scam artists, all of whom will be free to dump their stock by August. Not really sure how to end this post, but please let me know think. The Motley Fool has a disclosure policy. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. The report seems to imply that Veru will be another failure just like other drug companies the management has run. All rights reserved. Use of Culper Research's ("Culper") research is at your own risk. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) 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. "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. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Down 94%, Is Carvana Stock a Buy-the-Dip Opportunity? For that matter, changing the name of your company a week before a short attack might make people nervous, too. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 Both options are priced the same. 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. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. Reference ID: 0.9d8f1402.1677945178.3b82c472. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. 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. On April 29, the company rebranded from Mohawk Group Holdings to Aterian. While the short report is lengthy, here is part of what Culper said. 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 researcher is also highly unimpressed with the executives guiding the company. And, the marketing expense for RexMD by Culper is just an "estimate". In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. 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. Published. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. *Average returns of all recommendations since inception. Like, within two days of the report, which just adds to the shadiness of the situation. Sucks. 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. 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. We look for stocks with the potential for big moves in the near future up or down. Note: We do not offer technical support for developing or debugging scripted downloading processes. LFMD execs were not involved, and left the company. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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 . Spying is a secret business and thus research into it is most difficult. However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. No LFMD executives were charged. 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. Were short sellers putting together a scam? 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. Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. 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/. 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. Here is what I think: These scumbags are going after companies with low institutional/high retail stocks that are on fire, to take advantage of panic. 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. 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. Use of Culper Research's("Culper") research is at your own risk. 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. Create an account to follow your favorite communities and start taking part in conversations. 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. Terms of Service. Making the world smarter, happier, and richer. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? 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. According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. Please declare your traffic by updating your user agent to include company specific information. 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. 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.". You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and we undertake no obligation to revise or update this press release to reflect events or circumstances after the date hereof. What kind of manipulation and block trades? To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. Copyright 2023 ALM Global, LLC. Im holding on to see the company response. But there are some warning signs here. exhibit at the Three Village Historical Society. Culper Spy Ring Research Paper Intelligence provided by the Culper Spy Ring was instrumental in the defeat of the British during the Revolutionary War. Did they not look into this and see all this??? In the tweet thread, Culper wrote that "Veru's top ranks harbor a history of alleged sham science, failure, and misrepresentation" and are "a team of alleged frauds and failures who now tout a COVID-19 drug.". The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. Published on June 1, 2022 June 3, 2022. Veru has a market capitalization of $750 million at $8.46 as of May 6. 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 . Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! 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. How valuable are the assets if you can't trust the sales numbers? 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. Cost basis and return based on previous market day close. The company generated about $23,100 in revenue for the first half of 2021. lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. 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. 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. Making the world smarter, happier, and richer. That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. 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). Five days later, the short report came public. These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." The Culper Research report was also cited in a November 2022 class action lawsuit, which alleged that Core Scientific failed to disclose a series of adverse . Thank you for your interest in the U.S. Securities and Exchange Commission. For instance, Culper Research alleges that LifeMD presents misleading information regarding its network of doctors and even uses unlicensed professionals "to dispense OTC medication.". from 8 AM - 9 PM ET. By downloading from or viewing material on this website you agree to the following Terms of Service. Aterian issued a press release to respond to the short attack. $10/person - Space is limited. 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. 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. 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. 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. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. 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. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. Feel like going after another group of asshole short sellers trying to screw over us regular investors? All Rights Reserved. best hunting game for oculus quest 2 culper research legit. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Just went through LifeMD's annual report and they don't break down marketing expenses per business line. 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. 1125 N. Charles St, Baltimore, MD 21201. 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. By using this site, you are agreeing to security monitoring and auditing. For more information, contact opendata@sec.gov. $10/person - click to reserve your spot! 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). The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning . On the other hand, the stock dropped 25% . Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. So let's take a look at what Culper is saying about Aterian. By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. . To other RS execs were laundering money (husband and wife). About Us. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. A quick scroll through Culper's website yields very little in the way of personnel or address. License our industry-leading legal content to extend your thought leadership and build your brand. 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 . 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. I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. That's what happened to the shorts in the Gamestopfrenzy earlier this year. 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. For example, if it has to redesign the study and start from scratch the costs could go up. Please disable your ad-blocker and refresh. Value oriented and event driven investor. Toggle Navigation Hindenburg Research. It is our view that the Oklahoma revenue opportunity is just 1/28 th (1.6MM/45MM) of or 96% lower than what Berman intimated during the investor presentation.. REKR's first quarter 2021 earnings corroborate our view. Learn More. Guys, this is a classic short attack. Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. 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. Dont listen to shitron in the first place, that guy is the worst, Did some research, seems like Dr Badii is no longer with RexMD. Press question mark to learn the rest of the keyboard shortcuts. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Will Aterian stock recover from this short attack? In this conversation. 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. That could potentially be a turning point for Veru stock. 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. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. Also, apparently, most of the patients in the study were outside of the U.S. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? Tickets are limited. 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. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . Copyright 2023 Culper Research - All Rights Reserved. Invest better with The Motley Fool. I bought this stock after Citron recommended it. Read the complaint here: To view this content, please continue to their sites.

Columbia, Tn Crime Reports, Articles C