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Value oriented and event driven investor. Investors might want to watch out. 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. Use of Culper Research's("Culper") research is at your own risk. Cost basis and return based on previous market day close. Veru has a market capitalization of $750 million at $8.46 as of May 6. Spying is a secret business and thus research into it is most difficult. Agreed, this is pretty shitty but have to wait for the response. Cost basis and return based on previous market day close. 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. Special Collections, a division of Stony Brook University Libraries (SBU Libraries) is the owner and steward of two American Revolutionary War-era, Culper Spy Ring letters authored by George Washington. I bought this stock after Citron recommended it. 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. We reserve the right to block IP addresses that submit excessive requests. This implies that it could end up wasting a lot of its cash if the Phase 3 clinical study is not successful in obtaining FDA EUA approval. The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . 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. The Motley Fool recommends Aterian, Inc. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? The two short-sellers claimed that SOS stock was an . Published. The Motley Fool has a disclosure policy. Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. Does someone more knowledgeable than me have any insight into these numbers ? 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. For accurate information about the Company, Shareholders should refer to the Company's disclosure documents filed with U.S. Securities and Exchange Commission, which are available online under the Company's EDGAR profile atwww.sec.govor on the Investor Relations tab of the Company's website atwww.CleanSpark.com. 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. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. 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. CleanSpark Investigating Short Seller Culper Research. 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. quotes delayed at least 15 minutes, all others at least 20 minutes. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. "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. 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. More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. what are you doing after this report? For example, if it has to redesign the study and start from scratch the costs could go up. So the names of the defendants in the lawsuit against Redwood were as follows. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. Prosper Junior Bakiny has no position in any of the stocks mentioned. Not a Bloomberg Law Subscriber?Subscribe Now. I bought calls just before market close yesterday lol fuck my life. 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. 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. Making the world smarter, happier, and richer. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. 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. 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. Thus, we assign the incremental $18.0M to RexMD. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALMs deep bench of proprietary information to provide insights that cant be found anywhere else. 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). Culper Research, an activist short-seller that in its words "seek[s] to expose companies which have misrepresented their operations, failed to disclose significant risks, misappropriated capital, possess accounting irregularities, or otherwise deceived investors," published a blistering report on its short position in Veru. "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." Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. But that attitude raises a few questions. 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 . Did they not look into this and see all this??? Are u selling or still holding? Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. Copyright 2023 InvestorPlace Media, LLC. 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? The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. The company generated about $23,100 in revenue for the first half of 2021. On the other hand, shorts are always future buyers of your stock. Veru 's ( VERU -0.17%) stock dipped by 5.5% on Friday as of 10:49 a.m. Under Mr. Cook's . The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. Read the complaint here. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. 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. Yes, in the short term, a short attack on a small cap will often send shares down, and Aterian's stock has dropped 35% since the report came out. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. 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. 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. 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. Blink claims that 'EV drivers can easily charge at any of its 15,000 charging stations,' but we estimate the Companys functional public charging station network consists of just 2,192 stations, a mere 15% of this claim.". 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. Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). Also, apparently, most of the patients in the study were outside of the U.S. 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.