How valuable are the assets if you can't trust the sales numbers? Tickets are limited. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? Copyright More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. Five days later, the short report came public. Apparently, this was not the case . For more information, visit https://ATL-DATA.com. The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. For accurate information about the Company, Shareholders should refer to the Company's disclosure documents filed with U.S. Securities and Exchange Commission, which are available online under the Company's EDGAR profile atwww.sec.govor on the Investor Relations tab of the Company's website atwww.CleanSpark.com. Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. Did they not look into this and see all this??? On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. Down 94%, Is Carvana Stock a Buy-the-Dip Opportunity? 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. On the other hand, the stock dropped 25% . *Average returns of all recommendations since inception. Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. About Us| Why would the block trades be significantly lower than current stock price at the time? 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. Create an account to follow your favorite communities and start taking part in conversations. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. Holders of short positions trade on an expected decline in the price of a stock. Theyre calculating that LFMD spends an average of $36 in marketing costs per webpage visitor for REXMD while HIMS spends an average of $2.14 per website visitor for its products . 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. Lorem ipsum dolor sit amet, consectetur adipiscing elit. 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. All rights reserved. Did these scumbags have any insider information? The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. He was the original owner of Roe Tavern in Setauket,N.Y. What should investors make of the allegations brought forth by Culper Research? 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. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff, 5 Penny Cryptos With the Most Potential for Growth, 7 Penny Stocks Poised for Explosive Growth in 2023. CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . The Patriots (colonists) were fighting against the British, in this war. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) Please declare your traffic by updating your user agent to include company specific information. $10/person - click to reserve your spot! Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. 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. Copyright 2023 InvestorPlace Media, LLC. Veru(NASDAQ:VERU) is set to discuss on May 10 with the Food and Drug Administration a pre-Emergency Use Authorization (EUA) meeting for its Phase 3 Covid-19 drug, sabizabulin (VERU-111). 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. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . 1-2, 13). This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. For that matter, changing the name of your company a week before a short attack might make people nervous, too. To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. 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. The Xometry Short Report. For more information, please see the SECs Web Site Privacy and Security Policy. Use of Culper Research's("Culper") research is at your own risk. Prosper Junior Bakiny has no position in any of the stocks mentioned. The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. Making the world smarter, happier, and richer. So the names of the defendants in the lawsuit against Redwood were as follows. *Average returns of all recommendations since inception. LFMD execs were not involved, and left the company. As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. Jan 21, 2021 1:53PM EST. This is set for next Tuesday, May 10. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. By downloading from or viewing material on this website you agree to the following Terms of Service. 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. Click to reserve your spot! Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. Learn More. 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 . That's $100 million you paid. No LFMD executives were charged. In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. 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. Cost basis and return based on previous market day close. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. WOW Very BOLD and INTENSE claims made by Culper Research about Blink Charging Fraud!! But there are some warning signs here. The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. 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. 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. Here's what the company said in part. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Learn More. "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 problem is this is a highly speculative play for most investors. The report seems to imply that Veru will be another failure just like other drug companies the management has run. Under Mr. Cook's . 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. That is because $36 includes all of company's business lines, not just RexMD. Mohawk Group Holdings) was founded by . Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. The Motley Fool has a disclosure policy. Unlimited access to The Legal Intelligencer, Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications. This implies that it could end up wasting a lot of its cash if the Phase 3 clinical study is not successful in obtaining FDA EUA approval. Where This Leaves Investors in Veru Stock. 10 czerwca 2022 Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. Our 3 Top Picks. 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. License our industry-leading legal content to extend your thought leadership and build your brand. Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. Read the complaint here: To view this content, please continue to their sites. Yes and no. CleanSpark Investigates Anonymous Short Seller. 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. What kind of manipulation and block trades? Sucks. In this conversation. According to the accounting firm, the numbers are fine. Accounting issues always cause stress for investors. We reserve the right to block IP addresses that submit excessive requests. To make the world smarter, happier, and richer. Invest better with The Motley Fool. Culper also . 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. Will Aterian stock recover from this short attack? Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. 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%. Use of Culper Research's ("Culper") research is at your own risk. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. And changing your chief financial officer in the midst of this doesn't exactly reassure. 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. Please. Redwood Scientific Technologies (parent company of RengaLife), Danielle Cadiz (a Redwood executive since December 2016), Advanced Mens Institute Prolongz LLC (Redwoods prior company name), Run Away Products LLC (New York company used to advertise Redwood products) and, Carols Place Limited Partnership (a related asset management limited partnership, owned by the Cardiffs). to two felons and two alleged scam artists, all of whom will be free to dump their stock by August. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. The publisher of this false . In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . 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 . What Is the Best EV Stock to Buy Now? Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. 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. Press question mark to learn the rest of the keyboard shortcuts. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. Not a Bloomberg Law Subscriber?Subscribe Now. Don't miss the crucial news and insights you need to make informed legal decisions. Research may contain forward-looking statements, estimates, projections, and opinions with respect to among other things, certain accounting, legal, and regulatory issues the issuerfaces and the potential impact of those issues on its future business, financial condition and results ofoperations, as well as more generally, the issuers anticipated operating performance, access to capitalmarkets, market conditions, assets and liabilities. u/wallstreetbets crowd? 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. Were short sellers putting together a scam? Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . Honestly, we are letting them win with this plummeting over-reaction. Research Materials about George Washington, the Culper Spy Ring, and the American Revolutionary War. 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. Prior to co-founding Culper Capital Partners, he served as Majority Shareholder, Chairman & CEO of Glebar Company ("Glebar"), a role which he held from April 2013 to March 2020.

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