The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . 1125 N. Charles St, Baltimore, MD 21201. And changing your chief financial officer in the midst of this doesn't exactly reassure. This is set for next Tuesday, May 10. Veru has a market capitalization of $750 million at $8.46 as of May 6. 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. Use of Culper Research's("Culper") research is at your own risk. $10/person - Space is limited. It looks very bad . The report seems to imply that Veru will be another failure just like other drug companies the management has run. Aterian (f.k.a. By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. 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. 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. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. "We believe that the Company has . LFMD responded to short report, denying the claims and will report something in detail soon. Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. 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.. LFMD execs were not involved, and left the company. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. A recent report by Culper Research contains numerous false and misleading statements about our company. Lorem ipsum dolor sit amet, consectetur adipiscing elit. 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. 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. 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 Motley Fool has no position in any of the stocks mentioned. If you can't trust management, or its numbers, you really shouldn't be in a stock. Reference ID: 0.9d8f1402.1677945178.3b82c472. Learn More. Copyright 2023 InvestorPlace Media, LLC. 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. | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. On the other hand, shorts are always future buyers of your stock. 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. Thus, we assign the incremental $18.0M to RexMD. The problem is this is a highly speculative play for most investors. The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. Investors might want to watch out. Jan 21, 2021 1:53PM EST. Culper Research alleges that the company appears to use unlicensed doctors to dispense OTC medications. Feel like going after another group of asshole short sellers trying to screw over us regular investors? 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. It seems clear to us that this report is an attempt by a short seller to negatively impact . 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. 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. Published. We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. Apparently, this was not the case . He was the original owner of Roe Tavern in Setauket,N.Y. 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. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. According to documents Aterian filed with the SEC on April 29, 9380 Macarthur does indeed own almost 5 million shares, or 16.2% of the company. Like, within two days of the report, which just adds to the shadiness of the situation. "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." With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Our Team Account subscription service is for legal teams of four or more attorneys. Use of Culper Research's ("Culper") research is at your own risk. The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. 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.". Your article was successfully shared with the contacts you provided. That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. 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. I do wish to raise two issues: Rivington and my background. I bought this stock after Citron recommended it. 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). Yes and no. 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. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning through its cash. Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. Terms of Service. culper research legitsan juan airport restaurants hours. 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! For more information, contact opendata@sec.gov. Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. Making the world smarter, happier, and richer. Skip to Main Content. To make the world smarter, happier, and richer. Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . The Company also owns and operates a fleet of over 3,400 ASIC (application-specific integrated circuit) Bitcoin miners producing over 200 PH/s in mining capacity. Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. WOW Very BOLD and INTENSE claims made by Culper Research about Blink Charging Fraud!! The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. Sign up below to get this incredible offer! This cant be right ? Our 3 Top Picks. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. Dont listen to shitron in the first place, that guy is the worst, Did some research, seems like Dr Badii is no longer with RexMD. Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. 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. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Click to reserve your spot! And, the marketing expense for RexMD by Culper is just an "estimate". *Average returns of all recommendations since inception. . Veru has not yet officially responded to Culper's accusations, which are worrying. Nasdaq 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. 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. 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. 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. Yes, it works for cancers, but it does the same to all normal tissue. TICKETED EVENTS on Culper Spy Day. Press question mark to learn the rest of the keyboard shortcuts. The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. On Friday, Hindenburg Research and Culper Research released scathing reports on SOS Ltd (NYSE: SOS ), a Chinese cryptocurrency mining company. Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. Where This Leaves Investors in Veru Stock. Press question mark to learn the rest of the keyboard shortcuts. I guess my last point is - how much of yesterday's decline is attributed to a short report from a company with a terrible track record vs. attributed to why the stock has declined between the earnings and short report? It's important to remember that there are two sides to every story. 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. 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? Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. Agreed, this is pretty shitty but have to wait for the response. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). To hide from slander cases, perhaps?). *Average returns of all recommendations since inception. Youre reading a free article with opinions that may differ from The Motley Fools 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. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), (" CleanSpark, or "the . Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. Did these scumbags have any insider information? 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. 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. I bought calls just before market close yesterday lol fuck my life.