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. 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%. Cost basis and return based on previous market day close. 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. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. Culper also . The two short-sellers claimed that SOS stock was an . Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? 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. Is this happening to you frequently? This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. Im holding on to see the company response. 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). But it burnt through almost $9 million in free cash flow (FCF) during its latest quarter ending Dec. 31., according to its 10-Q filing. 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. Theres even room for more lines. Why would the block trades be significantly lower than current stock price at the time? Shouldn't you, at a minimum, audit the financials before you pay $25 million in cash, and give up 4.22 million shares ($60 million at current prices), and agree to acquire a $15 million promissory note? On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . 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. The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. Mohawk Group Holdings) was founded by . 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. Click to reserve your spot! I like pain so I'm holding and also bought 400 more shares at $9, sitting at 2,000 shares now with a $16 cost basis, plus August calls with $15 strike that I bought just before market close yesterday. At just 150 patients, the trial is a . That's what happened to the shorts in the Gamestopfrenzy earlier this year. 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). Time to Buy? The suit's 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 . Customer Service| Only bright sides I can see are that none of the allegations suggest that the revenue is fake, so were still talking about a company poised to do $90M in rev this year, and that management will know theyre under a microscope and should be incentivized to clean up their act. 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. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. Five days later, the short report came public. Accounting issues always cause stress for investors. Learn More. He was the original owner of Roe Tavern in Setauket,N.Y. We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. CleanSpark Investigating Short Seller Culper Research. VERU stock remains an extremely risky bet today. 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. The problem is this is a highly speculative play for most investors. Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. 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. For example, the Culper Research report alleges the entire February 2020 acquisition of p2k Labs, Inc. is "another undisclosed related party transaction, as CleanSpark's CFO Lori Love is found . That's $100 million you paid. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. 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. Site Map, Advertise| Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. 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 . It's important to remember that there are two sides to every story. Research is not investment advice nor a recommendation or solicitation to buy securities. 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. Value oriented and event driven investor. 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.. Contact Us| The Motley Fool has a disclosure policy. Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . Investors might want to watch out. The Motley Fool has no position in any of the stocks mentioned. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? Both options are priced the same. These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. Invest better with The Motley Fool. Women, Influence & Power in Law UK Awards 2023, Legalweek Leaders in Tech Law Awards 2023, WORKERS COMPENSATION ATTORNEY - Hartford, CT, Offering an Opportunity of a Lifetime for Personal Injury Lawyers, What Does Your Business Agreement Really Mean? 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. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. More recently, Culper tweeted the response from SEC on a FOIA request for records pertaining to any investigations into OrthoPediatrics Corp., $KIDS. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? For example, if it has to redesign the study and start from scratch the costs could go up. To make the world smarter, happier, and richer. 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. Culper makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use. In this conversation. 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. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. And, the marketing expense for RexMD by Culper is just an "estimate". 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. This is set for next Tuesday, May 10. REKR reported $245,000 in Oklahoma revenue for itself, and $1,000,000 in revenue for the state of Oklahoma - "over 25,000" notices of non-compliance were issued, but REKR . Nasdaq To hide from slander cases, perhaps?). In 5 minutes of searching, you can see they take partial truths and exaggerate them. Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. For more information, visit https://ATL-DATA.com. 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. Nevertheless, if somehow the FDA does give its Covid-19 vaccine a EUA, all bets are off on the stock. Did they not look into this and see all this??? 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. All Rights Reserved. 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. 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. They have a financial motivation for doing so -- they want the stock price to go down. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) 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. exhibit at the Three Village Historical Society. Feel like going after another group of asshole short sellers trying to screw over us regular investors? Use of Culper Research's ("Culper") research is at your own risk. 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. I think the only scary about the report is that some executives at LifeMD, used to work at Redwood Scientific, which was shut down by FTC upon fraud. Taylor Carmichael has no position in any of the stocks mentioned. 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. Use of Culper Research's("Culper") research is at your own risk. But that attitude raises a few questions. Aterian (f.k.a. Did these scumbags have any insider information? The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . Use of Culper Research's ("Culper") research is at your own risk. 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. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of .
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