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. 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). 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 . 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? Sucks. But there are some warning signs here. 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. Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff, 5 Penny Cryptos With the Most Potential for Growth, 7 Penny Stocks Poised for Explosive Growth in 2023. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Cost basis and return based on previous market day close. Research Materials about George Washington, the Culper Spy Ring, and the American Revolutionary War. The problem is this is a highly speculative play for most investors. Yes, it's horrible and I don't know what to do now. If too many people are short a stock, the trade might flip on them, and a short squeeze might take place, causing the stock to zoom higher. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? 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. Copyright Also, apparently, most of the patients in the study were outside of the U.S. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. Mohawk Group Holdings) was founded by . In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . To make the world smarter, happier, and richer. They have a financial motivation for doing so -- they want the stock price to go down. 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. 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. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. To hide from slander cases, perhaps?). Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. It stinks like a skunk to me, but Im not smart. Also, did you notice that there are now at least half a dozen law firms trolling for members to a class action lawsuit against Life? If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. After they cash in on the Short, they then turn around and ride the wave back up, which happens to most companies they've done this to. Spying is a secret business and thus research into it is most difficult. 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. I Got the 'SOS', So Here's My Take on the Stock's Saga 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. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. And changing your chief financial officer in the midst of this doesn't exactly reassure. 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. The Motley Fool recommends Aterian, Inc. SALT LAKE CITY, January 21, 2021 -- CleanSpark, Inc. (Nasdaq: CLSK), ("CleanSpark, or "the Company"), an advanced software and controls technology solutions company focused on solving modern energy challenges, has become aware of a report making false accusations against CleanSpark and its officers. The Motley Fool has a disclosure policy. Learn More. Copyright 2023 InvestorPlace Media, LLC. Did they not look into this and see all this??? Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! This is set for next Tuesday, May 10. 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. These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." Join The Legal Intelligencer now! Mark Hake writes about personal finance on mrhake.medium.com, Newsbreak.com and Beehiiv.com. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. culper research legit - creditsolutionexperts.com It's important to remember that there are two sides to every story. Investigation Alert: Kessler Topaz Meltzer & Check, LLP is CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. The second major issue the Culper report has with Veru is the quality of management. 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. 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. Culper Short Report : r/LFMD - reddit 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). Invest better with The Motley Fool. 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. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. 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. 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. 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. SALT LAKE CITY, Jan. 21, 2021 /PRNewswire/ --CleanSpark, Inc. (Nasdaq: CLSK), ("CleanSpark, or "the Company"), an advanced software and controls technology solutions company focused on solving modern energy challenges, has become aware of a report making false accusations against CleanSpark and its officers. LifeMD falls after new short call from Culper Research Honestly, we are letting them win with this plummeting over-reaction. 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/. LexisNexis and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information. Time to Buy? "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. But that attitude raises a few questions. 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. Read the complaint here. Lorem ipsum dolor sit amet, consectetur adipiscing elit. culper research legit License our industry-leading legal content to extend your thought leadership and build your brand. 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. lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . In the near term, anything can happen to a stock price. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. About Us. TICKETED EVENTS on Culper Spy Day. The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. Theyre calculating that LFMD spends an average of $36 in marketing costs per webpage visitor for REXMD while HIMS spends an average of $2.14 per website visitor for its products . CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. Investor Alert: Kaplan Fox Investigates Potential - GlobeNewswire News Room 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. Your article was successfully shared with the contacts you provided. For example, if it has to redesign the study and start from scratch the costs could go up. All rights reserved. Skip to Main Content. VERU Stock Could Face Difficulties If the Culper Research Report Is 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 . Were short sellers putting together a scam? 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. 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. 2023 InvestorPlace Media, LLC. Culper Research alleges that the company appears to use unlicensed doctors to dispense OTC medications. We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. Agreed, this is pretty shitty but have to wait for the response. Taylor Carmichael has no position in any of the stocks mentioned. Investors could turn away from the company in droves if the researcher's allegations have merit, however. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. For more information, please see the SECs Web Site Privacy and Security Policy. Managing Partner, Chief Investment Officer. 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. Does someone more knowledgeable than me have any insight into these numbers ?
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