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. Please declare your traffic by updating your user agent to include company specific information. A quick scroll through Culper's website yields very little in the way of personnel or address. 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? The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. 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. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. License our industry-leading legal content to extend your thought leadership and build your brand. | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn 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. 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.. Also he was allowed to treat patients via telehealth telehealth while on probation (src). The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . 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. The Motley Fool has a disclosure policy. Culper also . Sucks. The Motley Fool has no position in any of the stocks mentioned. Invest better with The Motley Fool. For some reason, Jacob appears to be very opposed to crypto which may tie in to Culper's short attacks on $SOS, but that is pure speculation on my part. But there are some warning signs here. The Motley Fool recommends Aterian, Inc. Through its wholly owned subsidiary ATL Data Centers LLC, CleanSpark owns and operates a data center that provides customers with traditional on-site and cloud-based data center services. The Motley Fool has no position in any of the stocks mentioned. For more information, visit https://ATL-DATA.com. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. To the best of our ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources we believe to be accurate and reliable, and who are not insiders or connected persons of the securities covered herein or who may otherwise owe any fiduciary duty or duty of confidentiality to the issuer. We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. Copyright 2023 ALM Global, LLC. 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. Five days later, the short report came public. The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. For example, on April 11 Veru announced its Covid-19 drug brought down the mortality rate by 55% but the Culper report said that this was a manipulation of how high mortality rates were with Covid-19. what are you doing after this report? 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. Use of Culper Research's ("Culper") research is at your own risk. On the other hand, shorts are always future buyers of your stock. The apparent purpose of the Culper Research "report" is to cover or profit from the publisher's short positions in the Company, which the publisher expressly acknowledges holding in the report itself. 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. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. 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. The publisher of this false . CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. 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! Sometimes when there is "blood in the water" other shorts will jump in as well. 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. For more information, please see the SECs Web Site Privacy and Security Policy. 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. The second major issue the Culper report has with Veru is the quality of management. Customer Service| Like, within two days of the report, which just adds to the shadiness of the situation. For example, if it has to redesign the study and start from scratch the costs could go up. 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. Holders of short positions trade on an expected decline in the price of a stock. 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. 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. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning . Nonetheless the six month delay in reporting is worrisome. The two short-sellers claimed that SOS stock was an . We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. The rather eclectic biotech -- it has a female contraceptive product, FC2, on the market, and is developing cancer drugs -- has attracted much interest because of the apparently promising sabizabulin. Create an account to follow your favorite communities and start taking part in conversations. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). What should investors make of the allegations brought forth by Culper Research? Cost basis and return based on previous market day close. The Motley Fool has a disclosure policy. Our 3 Top Picks. Copyright So let's take a look at what Culper is saying about Aterian. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 The report seems to imply that Veru will be another failure just like other drug companies the management has run. Is This Warren Buffett Stock a Buy After Its Dividend Boost? best hunting game for oculus quest 2 culper research legit. 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. The Xometry Short Report. If you can't trust management, or its numbers, you really shouldn't be in a stock. Please. LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. These statements are based on CleanSpark's current beliefs and expectations. CLEANSPARK INVESTIGATING SHORT SELLER CULPER RESEARCH . In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Does someone more knowledgeable than me have any insight into these numbers ? 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 reality, they are simply conspiring to drive down the prices of stocks they take short positions in. Is this happening to you frequently? However, such information is presented as is, without warranty of any kind whether express or implied. In this conversation. 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. 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? CleanSpark takes seriously any accusations of impropriety, stands behind its prior statements and disclosures, and will not tolerate unfounded and reckless claims against the Company. 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. In 5 minutes of searching, you can see they take partial truths and exaggerate them. What kind of manipulation and block trades? Apparently, this was not the case . These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." 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? In its report, Culper Research makes a series of claims concerning LifeMD, its executives, and its operations which, if true, could be devastating to the healthcare company and its shareholders. I do wish to raise two issues: Rivington and my background. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . Some research into Culper Research. One concern is that the t otal a ddressable m arket ( TAM) for all forms of . On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. However, such information is presented as is, without warranty of any kind whether express or implied. CleanSpark has retained the law firm of Wilk Auslander LLP in connection with this matter and will be vigilant in investigating the sources of these misrepresentations, including the identity of those veiled behind the entity calling itself Culper Research. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. Miracle Cures and Murder For Hire: How A Spoon-Bending Turkish Magician Built A $600 Million Nasdaq-Listed Scam Based On A Lifetime Of Lies. But it burnt through almost $9 million in free cash flow (FCF) during its latest quarter ending Dec. 31., according to its 10-Q filing. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) At this point, the connection between all these entities and Culper is unclear, beyond the fact that Culper posted the response to Ma-Weaver/Cable Car Capital's SEC FOIA request back in December. This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. exhibit at the Three Village Historical Society. That's $100 million you paid. 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. Law.com Radar publishes daily updates on just-filed federal cases like this one. 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. . According to the accounting firm, the numbers are fine. 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. Veru has sales revenue from other medical assets it owns. On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? Another bright side is the short report does not have a single mention of PDFSimpli, so if all else fails and the telehealth biz goes to zero at least we have a market cap base of maybe $60-70 million for PDFSimpli lol.