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Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Where This Leaves Investors in Veru Stock. By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. This drop over the last month or so has torched like 9% of my portfolio, real quick. Did they not look into this and see all this??? Learn More. That could potentially be a turning point for Veru stock. Like, within two days of the report, which just adds to the shadiness of the situation. Is this happening to you frequently? 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. Invest better with The Motley Fool. Yes and no. However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. For example, the Culper Research report alleges the entire February 2020 acquisition of p2k Labs, Inc. is "another undisclosed related party transaction, as CleanSpark's CFO Lori Love is found . 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. REKR reported $245,000 in Oklahoma revenue for itself, and $1,000,000 in revenue for the state of Oklahoma - "over 25,000" notices of non-compliance were issued, but REKR . Use of Culper Research's("Culper") research is at your own risk. Were short sellers putting together a scam? Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. By downloading from or viewing material on this website you agree to the following Terms of Service. The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. 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. Create an account to follow your favorite communities and start taking part in conversations. Sucks. That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. culper research owner - CLARVI Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? 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. 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. The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. In the near term, anything can happen to a stock price. 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. We are aware that litigation premised on the so-called "Culper Report" has been filed and that plaintiff's firms are trolling for additional shareholders. CleanSpark, Inc. Investor Relations(801) 244-4405[emailprotected], Cision Distribution 888-776-0942 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. I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. All rights reserved. | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn 1001 and 1030). 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 . Not a Bloomberg Law Subscriber?Subscribe Now. 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. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. Veru has a market capitalization of $750 million at $8.46 as of May 6. Core Scientific stock drops after new short call from Culper Research "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. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. VERU stock remains an extremely risky bet today. For more information, please see the SECs Web Site Privacy and Security Policy. To make the world smarter, happier, and richer. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. I do wish to raise two issues: Rivington and my background. Create an account to follow your favorite communities and start taking part in conversations. Dissecting the Xometry Stock Short Report - Nanalyze These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." Culper on Twitter Click to reserve your spot! Short-sellers Hindenburg Research and Culper Research said on Friday they have taken a short position on Chinese blockchain firm SOS Ltd's stock, sending the company's shares down 23%. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. Verified account Protected Tweets @; Suggested users The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. The researcher is also highly unimpressed with the executives guiding the company. I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. $10/person - Space is limited. Veru has a market capitalization of $750 million at $8.46 as of May 6. SEC.gov | HOME It's important to remember that there are two sides to every story. The Patriots hoped to gain freedom from Britain, liberty, and equality by winning the war. 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? u/wallstreetbets crowd? In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. A recent report by Culper Research contains numerous false and misleading statements about our company. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . LifeMD, Inc. v. Lamarco, Civil Action 2:21-cv-1273 - Casetext Culper on Twitter: "Tomorrow's report features two felons, two alleged Why Veru Stock Got Dented Today | The Motley Fool Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). 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. Use of Culper Research's ("Culper") research is at your own risk. I have not but wouldn't it stand to reason that a smaller company entering the space would need to spend more to build brand awareness? Docent led tours every 30 minutes of the Spies! The company did not report any news, but these losses are a result of a short-seller report issued by investigative research firm Culper Research. Theres even room for more lines. VERU Stock Could Face Difficulties If the Culper Research Report Is Target Stock is Down Nearly 40% From Its High. What Joseph L. Rini Knows, Attorney Rachel Y. Marshall A Pillar of Strength for the Community, SpotDraft Raises $26 Million in Series A Funding for AI-Powered Legal Software. Also he was allowed to treat patients via telehealth telehealth while on probation (src). 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. To make the world smarter, happier, and richer. And changing your chief financial officer in the midst of this doesn't exactly reassure. Are u selling or still holding? License our industry-leading legal content to extend your thought leadership and build your brand. This is set for next Tuesday, May 10. "We believe that the Company has . Don't miss the crucial news and insights you need to make informed legal decisions. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. Yes, the two executives were at Redwood Scientific. 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. Copyright For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. 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 the U.S. Federal Trade Commission (FTC) back in 2018. To other RS execs were laundering money (husband and wife). 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. White Diamond Research | About Us