Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. Do these allegations sound legitimate or a . 1001 and 1030). VERU stock remains an extremely risky bet today. The suit's 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 . Research Materials about George Washington, the Culper Spy Ring, and the American Revolutionary War. exhibit at the Three Village Historical Society. quotes delayed at least 15 minutes, all others at least 20 minutes. Our Team Account subscription service is for legal teams of four or more attorneys. Learn More. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. 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. That request was submitted in December 2020 and according to the SEC FOIA request logs, was done so by a Jeff Bourland linkedin on behalf of an unknown entity, perhaps the "Family Office" listed on his Linkedin. Managing Partner, Chief Investment Officer. Veru has sales revenue from other medical assets it owns. This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. Read the complaint here: To view this content, please continue to their sites. The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. 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. "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. Copyright 2023 ALM Global, LLC. 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. 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). 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%. What Is the Best EV Stock to Buy Now? 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. That could potentially be a turning point for Veru stock. Learn More. Reference ID: 0.9d8f1402.1677945178.3b82c472. 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. The Motley Fool recommends Aterian, Inc. 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. However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. The case is 2:21-cv-01273, Lifemd, Inc et al v. Lamarco et al. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . 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. In this conversation. . Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. 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. It is very clear that one of their tactics is to submit FOIA requests for information regarding investigations into companies they are attacking, which if you know the Freedom of Information Act, is information that would never be released to the public. culper research legitsan juan airport restaurants hours. On the other hand, the stock dropped 25% . 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. Veru Inc. (VERU) fell 6.7% after Culper Research released another short report on the oncology-focused biopharmaceutical company.Culper alleged in the report that at baseline, the. In 5 minutes of searching, you can see they take partial truths and exaggerate them. Looking at the relevant FOIA request logs on the SEC website suggests an individual named Jacob Ma-Weaver twitter linkedin acting on behalf of what appears to be his short-selling fund Cable Car Capital LLC. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. Meanwhile, almost six months after the acquisition, the audit has finally been completed, and Aterian finally filed its (late) numbers with the SEC on May 14. Join The Legal Intelligencer now! Culper Research alleges that the company appears to use unlicensed doctors to dispense OTC medications. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! 2023 InvestorPlace Media, LLC. Learn More. 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. This drop over the last month or so has torched like 9% of my portfolio, real quick. Will Aterian stock recover from this short attack? Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . If Justin and Stefan were involved in anyway they would have been on the list of named defendants. The researcher is also highly unimpressed with the executives guiding the company. 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? What should investors make of the allegations brought forth by Culper Research? They short the company, post these reports, and reap the benefits of people over reacting. "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." Alpilean creator (Zach Miller) and medical research editor (Dr. Matthew Gibbs) medically concluded that the longest-lived people on the planet use a "secret trick" on the Alpine ice every night. Also he was allowed to treat patients via telehealth telehealth while on probation (src). That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. Making the world smarter, happier, and richer. In December 2020, Aterian purchased 9380 Macarthur LLC ("the Smash Assets") from (a) convicted felonwho also appears to be late on $4.1 million of taxes to the State of California. It seems clear to us that this report is an attempt by a short seller to negatively impact . Your article was successfully shared with the contacts you provided. Thus, we assign the incremental $18.0M to RexMD. Pretty brutal. lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery For more information, contact opendata@sec.gov. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. If you can't trust management, or its numbers, you really shouldn't be in a stock. 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. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY. 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. Press question mark to learn the rest of the keyboard shortcuts. Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. And changing your chief financial officer in the midst of this doesn't exactly reassure. The Patriots (colonists) were fighting against the British, in this war. Taylor Carmichael has no position in any of the stocks mentioned. 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. *Average returns of all recommendations since inception. A company that relies on acquisitions to make its revenue go up can be hiding a sales deterioration in the existing business. . Contact Us| It looks very bad . Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. 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. The company generated about $23,100 in revenue for the first half of 2021. Guys, this is a classic short attack. The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. Is This Warren Buffett Stock a Buy After Its Dividend Boost? The problem is this is a highly speculative play for most investors. These activities include "unlawful autoshipping, abusive telemarketing, and false claims of its products." Use of Culper Research's ("Culper") research is at your own risk. Read the complaint here. Use of Culper Research's ("Culper") research is at your own risk. Note: We do not offer technical support for developing or debugging scripted downloading processes. 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. It's important to remember that there are two sides to every story. Unlimited access to The Legal Intelligencer, Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. 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. 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. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? 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? 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. Veru Stock Could Face Difficulties If the Culper Research Report Is True. Investors could turn away from the company in droves if the researcher's allegations have merit, however. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? But there are some warning signs here. Significant to regional and national historical narratives, SBU's letters were authored in 1779 and 1780 and document espionage activities in the Three Village area of Long Island, New York, the . To make the world smarter, happier, and richer. Since RexMD's founding, sales and marketing have ballooned to $20.0M in Q4 2020. But that attitude raises a few questions. The report seems to imply that Veru will be another failure just like other drug companies the management has run. 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. 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. For that matter, changing the name of your company a week before a short attack might make people nervous, too. Sometimes when there is "blood in the water" other shorts will jump in as well. Veru has not yet officially responded to Culper's accusations, which are worrying. Nasdaq I've never heard of an ad $ per website visit metric before and am not really sure it's value in any case. *Average returns of all recommendations since inception. By downloading from or viewing material on this website you agree to the following Terms of Service. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. to two felons and two alleged scam artists, all of whom will be free to dump their stock by August.
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