But it burnt through almost $9 million in free cash flow (FCF) during its latest quarter ending Dec. 31., according to its 10-Q filing. Culper also . The Motley Fool has no position in any of the stocks mentioned. Veru 's ( VERU -0.17%) stock dipped by 5.5% on Friday as of 10:49 a.m. Did these scumbags have any insider information? They do this behind a wall of relative anonymity which is curious given their apparent altruistic intentions of "protecting investors" would lend you to think they would want to be praised for their support for all the poor little guys like us. By downloading from or viewing material on this website you agree to the following Terms of Service. The case is 2:21-cv-01273, Lifemd, Inc et al v. Lamarco et al. Also he was allowed to treat patients via telehealth telehealth while on probation (src). On February 26, 2021, Hindenburg Research and Culper Research published reports regarding SOS Limited, alleging that the Company was a "pump and dump" scheme that used fake addresses and doctored . For more information, please see the SECs Web Site Privacy and Security Policy. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). Prior to co-founding Culper Capital Partners, he served as Majority Shareholder, Chairman & CEO of Glebar Company ("Glebar"), a role which he held from April 2013 to March 2020. License our industry-leading legal content to extend your thought leadership and build your brand. The Motley Fool has a disclosure policy. Your article was successfully shared with the contacts you provided. Here is what I think: These scumbags are going after companies with low institutional/high retail stocks that are on fire, to take advantage of panic. You should assume that Culper (possibly along with or through our members, partners, affiliates, employees, and/or consultants) along with our clients and/or investors has a position in any securities covered herein. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. Where This Leaves Investors in Veru Stock. 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. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. 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. Treace Medical Concepts (TMCI) dropped 17% after a new short report from Culper Research.Culper Research says it's short the stock.Treace Medical (TMCI) didn't immediately return. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 But there are some warning signs here. This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. I bought this stock after Citron recommended it. quotes delayed at least 15 minutes, all others at least 20 minutes. However, LifeMD's shares will likely be highly volatile now that this report is out there, and I'd think twice about initiating a position in this healthcare stock anytime soon. The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. Nasdaq 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 . "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. 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 . I need to wait for management's response and the Q1 earnings release to really make an opinion on the merits of this short report. On April 29, the company rebranded from Mohawk Group Holdings to Aterian. 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 . On July 21, 2022, shares of Energy Vault fell over 6% after Culper Research issued a report that calls into serious question the business and operations of the company. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. Agreed, this is pretty shitty but have to wait for the response. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. 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. Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. The report seems to imply that Veru will be another failure just like other drug companies the management has run. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. 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? 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. 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. Read the complaint here. Not a Bloomberg Law Subscriber?Subscribe Now. Under Mr. Cook's . The Culper Research report was also cited in a November 2022 class action lawsuit, which alleged that Core Scientific failed to disclose a series of adverse . Veru (VERU -35.98%) has found itself the target of a short-seller, and as a result the biotech company's shares took a more than 12% hit on an otherwise upbeat Monday for the wider stock market. So let's take a look at what Culper is saying about Aterian. In a 10-tweet thread digesting the report and posted on Monday, Culper accused Veru of "glaring anomalies" in its phase 3 clinical trial of coronavirus drug sabizabulin. Both options are priced the same. Veru has a market capitalization of $750 million at $8.46 as of May 6. Research Materials about George Washington, the Culper Spy Ring, and the American Revolutionary War. A recent report by Culper Research contains numerous false and misleading statements about our company. 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 . A quick scroll through Culper's website yields very little in the way of personnel or address. And, the marketing expense for RexMD by Culper is just an "estimate". To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. Press question mark to learn the rest of the keyboard shortcuts. Investors might want to watch out. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . What Is the Best EV Stock to Buy Now? For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. 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. Is this a bad sign for your stock? 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. Holders of short positions trade on an expected decline in the price of a stock. I bought calls just before market close yesterday lol fuck my life. Thus, we assign the incremental $18.0M to RexMD. Do these allegations sound legitimate or a . If any provision of these Terms of Service is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties intentions as reflected in the provision and rule that the other provisions of these Terms of Service remain in full force and effect, in particular as to this governing law and jurisdiction provision. . These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." Mark Hake writes about personal finance on mrhake.medium.com, Newsbreak.com and Beehiiv.com. 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. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. 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. 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. Contact Us| They short the company, post these reports, and reap the benefits of people over reacting. "We believe that the Company has . For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. 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 .
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