Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. 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. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. 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. I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. 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. Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. The Culper Spy Ring was assembled in 1778 by Major Benjamin Tallmadge (alias, John Bolton/721) at the request of General George Washington (711) and operated on Long Island (728) and New York City (727) during the . Veru has not yet officially responded to Culper's accusations, which are worrying. Veru Stock Could Face Difficulties If the Culper Research Report Is True. Toggle Navigation Hindenburg Research. 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. 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. It is our view that the Oklahoma revenue opportunity is just 1/28 th (1.6MM/45MM) of or 96% lower than what Berman intimated during the investor presentation.. REKR's first quarter 2021 earnings corroborate our view. 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. But they were not involved in any fraudulent activity. what are you doing after this report? Did they not look into this and see all this??? More recently, Culper tweeted the response from SEC on a FOIA request for records pertaining to any investigations into OrthoPediatrics Corp., $KIDS. ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . Prosper Junior Bakiny has no position in any of the stocks mentioned. Research is not investment advice nor a recommendation or solicitation to buy securities. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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 . Is this a bad sign for your stock? For that matter, changing the name of your company a week before a short attack might make people nervous, too. License our industry-leading legal content to extend your thought leadership and build your brand. No LFMD executives were charged. Customer Service| The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . In the near term, anything can happen to a stock price. 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.". For more information, please see the SECs Web Site Privacy and Security Policy. u/wallstreetbets crowd? from 8 AM - 9 PM ET. Making the world smarter, happier, and richer. 1-2, 13). Mohawk Group Holdings) was founded by . 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? On October 31, 2019, Culper Research published a scathing report detailing reasons Culper Research believes the Company's internal review "was a farce, and shares are ultimately worthless." CTO Pedretti - Co-Founded Airlight Energy, Which Went Bankrupt and Faces Fraud Accusations Prior to co -founding Energy . 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. 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. Why Veru Stock Plummeted on Monday | The Motley Fool More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. George Washington's Secret Six By Brian Kilmeade | ipl.org This response seems to concede that the company acquired the business from somebody convicted of crimes ("we identified the historical legal concerns raised in the report"), but that it judged the information irrelevant ("unrelated to the acquired businesses"). To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. Core Scientific (NASDAQ: CORZ) fell 3.8% after a new short report from Culper Research. The book talks about a group of spies known as the culper spy ring. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). The problem is this is a highly speculative play for most investors. One concern is that the t otal a ddressable m arket ( TAM) for all forms of . 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.. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. Only bright sides I can see are that none of the allegations suggest that the revenue is fake, so were still talking about a company poised to do $90M in rev this year, and that management will know theyre under a microscope and should be incentivized to clean up their act. 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. 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 . I bought this stock after Citron recommended it. Aterian issued a press release to respond to the short attack. 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. 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. Our offerings consist of intelligent energy monitoring and controls, intelligent microgrid design software, middleware communications protocols for the energy industry, energy system engineering, and software consulting services. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. 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. 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. How valuable are the assets if you can't trust the sales numbers? https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. Short-sellers take aim at Chinese blockchain firm SOS, shares tumble To make the world smarter, happier, and richer. "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. Site Map, Advertise| Jan 21, 2021 1:53PM EST. For example, if it has to redesign the study and start from scratch the costs could go up. Home - George Washington and the Culper Spy Ring - Research & Subject "LifeMD uses technology to make health care more accessible to people from all walks of life. 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. 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. We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. Our Team Account subscription service is for legal teams of four or more attorneys. 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. culper research legit We look for stocks with the potential for big moves in the near future up or down. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. Veru Stock Could Face Difficulties If the Culper Research Report Is True Culper Research Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. 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 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. CleanSpark Investigating Short Seller Culper Research. That is because $36 includes all of company's business lines, not just RexMD. Treace Investor Alert - Treace Medical Concepts (NASDAQ:TMCI) The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. Veru drops after Culper Research releases a follow up short report 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. Feel like going after another group of asshole short sellers trying to screw over us regular investors? Tickets are limited. Five days later, the short report came public. 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. About Us| LFMD execs were not involved, and left the company. . Culper Spy Ring Thesis - 167 Words | Bartleby An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. LFMD responded to short report, denying the claims and will report something in detail soon. Theres even room for more lines. A quick scroll through Culper's website yields very little in the way of personnel or address. Contact Us| Our 3 Top Picks. 1125 N. Charles St, Baltimore, MD 21201. Learn More. CLEANSPARK INVESTIGATING SHORT SELLER CULPER RESEARCH . 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. Research is not investment advice nor a recommendation or solicitation to buy securities. to two felons and two alleged scam artists, all of whom will be free to dump their stock by August. 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. Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. 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. Treace Shareholder Action Reminder - Treace Medical Concepts (NASDAQ Law.com Radar publishes daily updates on just-filed federal cases like this one. Law Firm Investigating Bitcoin Miner Core Scientific for Alleged Hindenburg Research - Investigative Research & Reporting culper research legitmichelle fleury ancestry. Culper Short Report : r/LFMD - reddit But there are some warning signs here. 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? I bought calls just before market close yesterday lol fuck my life. And changing your chief financial officer in the midst of this doesn't exactly reassure. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. Note: We do not offer technical support for developing or debugging scripted downloading processes. Yes, the two executives were at Redwood Scientific. The company generated about $23,100 in revenue for the first half of 2021. Learn More. Honestly, we are letting them win with this plummeting over-reaction. Copyright 2023 Culper Research - All Rights Reserved. 2023 InvestorPlace Media, LLC. The Culper Ring During The Revolutionary War | ipl.org At least we have some idea what the manipulation and block-trades that drove this down from $18 to $12 were (culper & friends getting into proper short position before dropping this report). Read the complaint here: To view this content, please continue to their sites. Criminal Allegations, and an ICO Scam . The most trusted brand in stock market news; Fatest intelligence & alerts; Active trader chat rooms; Option trade alerts; Only comprehensive mobile notifications solution For questions call 1-877-256-2472 or contact us at [emailprotected], Shearman and Hogan Lovells Call Off Merger Talks, Early Reports: 2023 Am Law 200 Financials, Beyond Excess Capacity, Pooled Services and Automation Expedite Staff Layoffs, Dozens of Law Firms Grew Their Equity Partner Tier, Even as Profits and Demand Plummeted. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. At just 150 patients, the trial is a . 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. Is This Warren Buffett Stock a Buy After Its Dividend Boost? 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). 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. Telehealth Co. Accuses Short Sellers Of Defamation-For-Profit Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. I did some deeper digging though using SEC FOIA request logs and Culper's own posts on twitter in an attempt to pull back the curtain a bit. The Austin-based company went public on the Nasdaq via a special purpose acquisition vehicle, or SPAC, in January 2022. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. SOS Stock: Is it Buy the Bounce or Run Like Hell?
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