LFMD execs were not involved, and left the company. To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. 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. 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. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! u/wallstreetbets crowd? Veru 's ( VERU -0.17%) stock dipped by 5.5% on Friday as of 10:49 a.m. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? 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. Theres even room for more lines. Sucks. The Motley Fool recommends Aterian, Inc. Lorem ipsum dolor sit amet, consectetur adipiscing elit. 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. 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. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. Veru has sales revenue from other medical assets it owns. Not really sure how to end this post, but please let me know think. But there are some warning signs here. If You Invested $1,000 in Veru in 2020, This Is How Much You Would Have Today, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Yes and no. Criminal Allegations, and an ICO Scam . A quick scroll through Culper's website yields very little in the way of personnel or address. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. 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. Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. 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. Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. Read the complaint here: To view this content, please continue to their sites. Not a Bloomberg Law Subscriber?Subscribe Now. 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 . 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. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. That's what happened to the shorts in the Gamestopfrenzy earlier this year. lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery 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. Investors might want to watch out. I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. Use of Culper Research's ("Culper") research is at your own risk. Like, within two days of the report, which just adds to the shadiness of the situation. The researcher is also highly unimpressed with the executives guiding the company. Feel like going after another group of asshole short sellers trying to screw over us regular investors? culper research legitsan juan airport restaurants hours. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? 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. Nasdaq Please disable your ad-blocker and refresh. I do wish to raise two issues: Rivington and my background. Not only has Aterian has not disclosed that its largest acquisition was from a felon who served prison time, but despite 5 elapsed months, the Company has failed to provide audited financials for the Smash Assets, leaving its S-3 shelf filing ineligible. Thus, we assign the incremental $18.0M to RexMD. To make the world smarter, happier, and richer. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. CLEANSPARK INVESTIGATING SHORT SELLER CULPER RESEARCH . All Rights Reserved. Copyright 2023 ALM Global, LLC. 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. 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. Join The Legal Intelligencer now! 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. Culper research countered with a well-timed short report tweeted at 8:05 AM spreading fear in the minds of longs that something was wrong going into the investor call. The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Use of Culper Research's ("Culper") research is at your own risk. what are you doing after this report? Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. Terms of Service. Thank you for your interest in the U.S. Securities and Exchange Commission. 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." 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. 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. Apparently, this was not the case . But that attitude raises a few questions. 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. 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/. 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. 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. 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. 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 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. Is this a bad sign for your stock? 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. License our industry-leading legal content to extend your thought leadership and build your brand. Also, apparently, most of the patients in the study were outside of the U.S. Invest better with The Motley Fool. Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. 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. 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. While the short report is lengthy, here is part of what Culper said. Jan 21, 2021 1:53PM EST. quotes delayed at least 15 minutes, all others at least 20 minutes. 1-2, 13). Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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). 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. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. Sign up below to get this incredible offer! Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. 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! 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. 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. 10 czerwca 2022 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. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. One concern is that the t otal a ddressable m arket ( TAM) for all forms of . Eric Volkman has no position in any of the stocks mentioned. 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 . Copyright 2023 Culper Research - All Rights Reserved. Press question mark to learn the rest of the keyboard shortcuts. best hunting game for oculus quest 2 culper research legit. The company generated about $23,100 in revenue for the first half of 2021. Special Collections, a division of Stony Brook University Libraries (SBU Libraries) is the owner and steward of two American Revolutionary War-era, Culper Spy Ring letters authored by George Washington. Reference ID: 0.9d8f1402.1677945178.3b82c472. Culper Spy Ring Research Paper Intelligence provided by the Culper Spy Ring was instrumental in the defeat of the British during the Revolutionary War. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). 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. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. It looks very bad . Is This Warren Buffett Stock a Buy After Its Dividend Boost? The publisher of this false . However, such information is presented as is, without warranty of any kind whether express or implied. The report . 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. For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. At just 150 patients, the trial is a .
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