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. 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. 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. CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . Terms of Service. These statements are based on CleanSpark's current beliefs and expectations. We reserve the right to block IP addresses that submit excessive requests. Investors might want to watch out. 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 December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. Create an account to follow your favorite communities and start taking part in conversations. 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. 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 . 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. That could potentially be a turning point for Veru stock. Pretty brutal. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. Spying is a secret business and thus research into it is most difficult. Docent led tours every 30 minutes of the Spies! Target Stock is Down Nearly 40% From Its High. 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. Here's what the company said in part. Does someone more knowledgeable than me have any insight into these numbers ? 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. Use of Culper Research's("Culper") research is at your own risk. This suit was surfaced by Law.com Radar. 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. Join The Legal Intelligencer now! He was the original owner of Roe Tavern in Setauket,N.Y. 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. 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. A company that relies on acquisitions to make its revenue go up can be hiding a sales deterioration in the existing business. It seems clear to us that this report is an attempt by a short seller to negatively impact . Managing Partner, Chief Investment Officer. 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). This drop over the last month or so has torched like 9% of my portfolio, real quick. In the near term, anything can happen to a stock price. 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? Guys, this is a classic short attack. Law.com Radar publishes daily updates on just-filed federal cases like this one. Not a Bloomberg Law Subscriber?Subscribe Now. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. I do wish to raise two issues: Rivington and my background. 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 . 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. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. 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 . Accounting issues always cause stress for investors. Thank you for your interest in the U.S. Securities and Exchange Commission. Customer Service| In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. The second major issue the Culper report has with Veru is the quality of management. Making the world smarter, happier, and richer. 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). This response seems to concede that the company acquired the business from somebody convicted of crimes ("we identified the historical legal concerns raised in the report"), but that it judged the information irrelevant ("unrelated to the acquired businesses"). Clickhereto get started and be first to know about new suits in your region, practice area or client sector. The problem is this is a highly speculative play for most investors. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. culper research legitmichelle fleury ancestry. 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. To make the world smarter, happier, and richer. Copyright 2023 ALM Global, LLC. 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. The Motley Fool has no position in any of the stocks mentioned. LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. For more information, please see the SECs Web Site Privacy and Security Policy. VERU stock remains an extremely risky bet today. Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. Note: We do not offer technical support for developing or debugging scripted downloading processes. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. 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. Our Team Account subscription service is for legal teams of four or more attorneys. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. 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. On April 29, the company rebranded from Mohawk Group Holdings to Aterian. In 5 minutes of searching, you can see they take partial truths and exaggerate them. By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. 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%. Research is not investment advice nor a recommendation or solicitation to buy securities. The Motley Fool has a disclosure policy. We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. 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. Sometimes when there is "blood in the water" other shorts will jump in as well. Our 3 Top Picks. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. They short the company, post these reports, and reap the benefits of people over reacting. culper research legitsan juan airport restaurants hours. Culper Spy Ring Research Paper Intelligence provided by the Culper Spy Ring was instrumental in the defeat of the British during the Revolutionary War. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) 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. Under Mr. Cook's . 831 Words4 Pages. . LFMD execs were not involved, and left the company. Click to reserve your spot! Not really sure how to end this post, but please let me know think. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, CleanSpark Reports First Quarter FY2023 Financial Results, CleanSpark Reports Fourth Quarter and Year End FY2022 Financial Results. The Xometry Short Report. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. On the other hand, the stock dropped 25% . Please declare your traffic by updating your user agent to include company specific information. The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. 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. 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. Theres even room for more lines. Making the world smarter, happier, and richer. It is very clear that one of their tactics is to submit FOIA requests for information regarding investigations into companies they are attacking, which if you know the Freedom of Information Act, is information that would never be released to the public.