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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. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Cost basis and return based on previous market day close. 2023 InvestorPlace Media, LLC. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team. The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. "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. A quick scroll through Culper's website yields very little in the way of personnel or address. The Motley Fool recommends Aterian, Inc. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Why would the block trades be significantly lower than current stock price at the time? On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. Thus, we assign the incremental $18.0M to RexMD. License our industry-leading legal content to extend your thought leadership and build your brand. For example, if it has to redesign the study and start from scratch the costs could go up. Research is not investment advice nor a recommendation or solicitation to buy securities. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including, without limitation: the successful deployment energy solution on the project, the fitness of our energy software and solutions for this particular application or market, the expectations of future revenue growth may not be realized, ongoing demand for our software products and related services, the impact of global pandemics (including COVID-19) on the demand for our products and services; and other risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in our Annual Report on Form 10-K and any subsequent filings with the SEC. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. from 8 AM - 9 PM ET. Cost basis and return based on previous market day close. 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. CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . The Motley Fool has a disclosure policy. Tickets are limited. 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. 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. 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. We look for stocks with the potential for big moves in the near future up or down. 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). We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. 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. We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . Join The Legal Intelligencer now! Making the world smarter, happier, and richer. The case is 2:21-cv-01273, Lifemd, Inc et al v. Lamarco et al. The Motley Fool has a disclosure policy. 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. Guys, this is a classic short attack. Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. On April 29, the company rebranded from Mohawk Group Holdings to Aterian. Copyright 2023 Culper Research - All Rights Reserved. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . But there are some warning signs here. Click to reserve your spot! 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. 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. 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. Read the complaint here. Press question mark to learn the rest of the keyboard shortcuts. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Mohawk Group Holdings) was founded by . Veru has not yet officially responded to Culper's accusations, which are worrying. 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. Don't miss the crucial news and insights you need to make informed legal decisions. 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. The researcher is also highly unimpressed with the executives guiding the company. *Average returns of all recommendations since inception. If too many people are short a stock, the trade might flip on them, and a short squeeze might take place, causing the stock to zoom higher. u/wallstreetbets crowd? Not a Bloomberg Law Subscriber?Subscribe Now. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. He was the original owner of Roe Tavern in Setauket,N.Y. LFMD responded to short report, denying the claims and will report something in detail soon. 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. One concern is that the t otal a ddressable m arket ( TAM) for all forms of . To hide from slander cases, perhaps?). The two short-sellers claimed that SOS stock was an . 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. 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. 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. Veru Stock Could Face Difficulties If the Culper Research Report Is True. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning through its cash. Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . 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. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Is this a bad sign for your stock? 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. Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. 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. The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. Feel like going after another group of asshole short sellers trying to screw over us regular investors? Research is not investment advice nor a recommendation or solicitation to buy securities. 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. That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. On the other hand, the stock dropped 25% . Use of Culper Research's("Culper") research is at your own risk. 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! So the names of the defendants in the lawsuit against Redwood were as follows. 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. 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 . Read the complaint here: To view this content, please continue to their sites. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Nonetheless the six month delay in reporting is worrisome. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? The Motley Fool has no position in any of the stocks mentioned. Skip to Main Content. 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. At just 150 patients, the trial is a . On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). 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. 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 most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. 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.. Prosper Junior Bakiny has no position in any of the stocks mentioned. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. In this conversation. 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. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. 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). We are aware that litigation premised on the so-called "Culper Report" has been filed and that plaintiff's firms are trolling for additional shareholders. Veru (VERU -35.98%) has found itself the target of a short-seller, and as a result the biotech company's shares took a more than 12% hit on an otherwise upbeat Monday for the wider stock market. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Like, within two days of the report, which just adds to the shadiness of the situation. Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. Is This Warren Buffett Stock a Buy After Its Dividend Boost? Use of Culper Research's ("Culper") research is at your own risk. Aterian issued a press release to respond to the short attack. All Rights Reserved. In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. "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." 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. 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. 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 . On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. Docent led tours every 30 minutes of the Spies! In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . Copyright 2023 ALM Global, LLC. Invest better with The Motley Fool. On July 21, 2022, shares of Energy Vault fell over 6% after Culper Research issued a report that calls into serious question the business and operations of the company. Im holding on to see the company response. Target Stock is Down Nearly 40% From Its High. 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 . Solangelo Fanfiction Twister,
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