Yes and no. Pretty brutal. 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. 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). Eric Volkman has no position in any of the stocks mentioned. Veru Stock Could Face Difficulties If the Culper Research Report Is True. 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). Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. Im holding on to see the company response. To hide from slander cases, perhaps?). Law Firm Investigating Bitcoin Miner Core Scientific for Alleged The Company also owns and operates a fleet of over 3,400 ASIC (application-specific integrated circuit) Bitcoin miners producing over 200 PH/s in mining capacity. 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. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. Among its raft of accusations, Culper wrote that the trial is significantly smaller than those conducted for other COVID drug candidates and demonstrated a worryingly high mortality rate. According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. culper research legitsan juan airport restaurants hours. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. 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 . The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. 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. Some research into Culper Research : r/LFMD - reddit 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. The book talks about a group of spies known as the culper spy ring. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Published. culper research legit Thus, we assign the incremental $18.0M to RexMD. Investigation Alert: Kessler Topaz Meltzer & Check, LLP is 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. Treace Investor Alert - Treace Medical Concepts (NASDAQ:TMCI) | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn 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. Read the complaint here. Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. 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. Tickets are limited. The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. The most trusted brand in stock market news; Fatest intelligence & alerts; Active trader chat rooms; Option trade alerts; Only comprehensive mobile notifications solution For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. At just 150 patients, the trial is a . VERU stock remains an extremely risky bet today. The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. culper research legit - creditsolutionexperts.com Did anyone read this? Your article was successfully shared with the contacts you provided. 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.". Please declare your traffic by updating your user agent to include company specific information. Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. Short-Seller's Note is Short on Credibility, LifeMD Says Agreed, this is pretty shitty but have to wait for the response. The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. 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. 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. PDF Disclaimer - IA Rugby.com But they were not involved in any fraudulent activity. 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. Did they not look into this and see all this??? Sometimes when there is "blood in the water" other shorts will jump in as well. A quick scroll through Culper's website yields very little in the way of personnel or address. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) 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 Motley Fool has a disclosure policy. On October 31, 2019, Culper Research published a scathing report detailing reasons Culper Research believes the Company's internal review "was a farce, and shares are ultimately worthless." Cost basis and return based on previous market day close. The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. 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 . To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. 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. Our Team Account subscription service is for legal teams of four or more attorneys. Taylor Carmichael has no position in any of the stocks mentioned. 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. Learn More. Veru Inc. (VERU) fell 6.7% after Culper Research released another short report on the oncology-focused biopharmaceutical company.Culper alleged in the report that at baseline, the. For more information, please see the SECs Web Site Privacy and Security Policy. One concern is that the t otal a ddressable m arket ( TAM) for all forms of . In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. These statements are based on CleanSpark's current beliefs and expectations. Not really sure how to end this post, but please let me know think. 10 czerwca 2022 On Wall Street, H.C. Wainwright dropped Blink Charging to a Neutral rating from Buy last week on a valuation call that did not allude to any wrongdoing at the company.. 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. Home - George Washington and the Culper Spy Ring - Research & Subject Cost basis and return based on previous market day close. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. Feel like going after another group of asshole short sellers trying to screw over us regular investors? Are the Short Sellers Right About Aterian? | The Motley Fool - Nasdaq Why Veru Stock Got Dented Today | The Motley Fool Culper also . However, such information is presented as is, without warranty of any kind whether express or implied. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. They do this behind a wall of relative anonymity which is curious given their apparent altruistic intentions of "protecting investors" would lend you to think they would want to be praised for their support for all the poor little guys like us. Guys, this is a classic short attack. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. Law.com Radar publishes daily updates on just-filed federal cases like this one.
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