To hide from slander cases, perhaps?). . Lawyers at Cozen OConnor on Thursday removed a defamation lawsuit against Culper Research and owner Christian Matthew Lamarco to Pennsylvania Western District Court. 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. What Joseph L. Rini Knows, Attorney Rachel Y. Marshall A Pillar of Strength for the Community, SpotDraft Raises $26 Million in Series A Funding for AI-Powered Legal Software. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including, without limitation: the successful deployment energy solution on the project, the fitness of our energy software and solutions for this particular application or market, the expectations of future revenue growth may not be realized, ongoing demand for our software products and related services, the impact of global pandemics (including COVID-19) on the demand for our products and services; and other risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in our Annual Report on Form 10-K and any subsequent filings with the SEC. The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." Reddit and its partners use cookies and similar technologies to provide you with a better experience. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. Invest better with The Motley Fool. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. Managing Partner, Chief Investment Officer. VERU Stock Could Face Difficulties If the Culper Research Report Is 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. SEC.gov | HOME 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"). Investors should probably take this allegation with a grain of salt, as Culper Research is an anonymous outfit and the author of the report is a mystery. LFMD responded to short report, denying the claims and will report something in detail soon. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. 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. Not only has Aterian has not disclosed that its largest acquisition was from a felon who served prison time, but despite 5 elapsed months, the Company has failed to provide audited financials for the Smash Assets, leaving its S-3 shelf filing ineligible. The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. Is this happening to you frequently? 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. 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.. That short-seller didn't mince words about its concerns with the company, which clearly left investors quite spooked about its future. Value oriented and event driven investor. Create an account to follow your favorite communities and start taking part in conversations. 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. And 9380 has actually been buying more stock in Aterian since it was acquired by the company. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. 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. 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 . I'm hoping one of you all much smarter people could help here and maybe start to connect some of these dots to pull down the veil a bit from these shady scumbags. The lock-up on (9380 Macarthur's) massive 16.2% stake expires in June 2021. Tickets are limited. However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. Alpilean Reviews 2023 - Scam or Legit (Update Alpilean Supplement 2023 For more information, please see the SECs Web Site Privacy and Security Policy. Investors should probably take this allegation with a grain of salt, as Culper Research is an anonymous outfit and the author of the report is a mystery. best hunting game for oculus quest 2 culper research legit. George Washington and the Culper Spy Ring - Stony Brook University 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. 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. I'd love to hear your thoughts on what I've found below and hopefully help connect some of these dots. The Motley Fool has a disclosure policy. Making the world smarter, happier, and richer. I took a deep look into the Culper Research short report and this is what I found.Culper Research short report on Core Scientifichttps://img1.wsimg.com/blobb. 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? 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 . Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. 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. 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. Apparently, this was not the case . Thus, we assign the incremental $18.0M to RexMD. 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. Among its raft of accusations, Culper wrote that the trial is significantly smaller than those conducted for other COVID drug candidates and demonstrated a worryingly high mortality rate. Guys, this is a classic short attack. 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. 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. 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 . Your article was successfully shared with the contacts you provided. 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. 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 . Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. 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. 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. Defamation Suit Against Research Company Over Alleged 'Short-and Both options are priced the same. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. In 5 minutes of searching, you can see they take partial truths and exaggerate them. 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. On the other hand, shorts are always future buyers of your stock. Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). The researcher is also highly unimpressed with the executives guiding the company. However, the language in the response letter uses terms like "we are withholding documents that may be responsive" which Culper and co. are using to lead investors to the conclusion that such records do in fact exist and that an investigation into likely what Culper just detailed in their "report" is ongoing. "We believe that the Company has . 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. The Patriots (colonists) were fighting against the British, in this war. The publisher of this false . Are u selling or still holding? Why LifeMD Stock Is Getting Crushed Today | The Motley Fool Adam s cook | Culper Capital Partners Agreed, this is pretty shitty but have to wait for the response. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Culper Research also notes that some of LifeMD's current executives were implicated in the Redwood scandal, either as employees of the company directly involved in these crimes or as major shareholders. 1125 N. Charles St, Baltimore, MD 21201. Learn More. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. In this conversation. Skip to Main Content. 10 czerwca 2022 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/. 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. At just 150 patients, the trial is a . 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. Lawsuit filed for Investors in shares of SOS Limited (NYSE: SOS) Nonetheless the six month delay in reporting is worrisome. But that attitude raises a few questions. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas. Culper has no identity other than a webpage, with no information (no address, about us, anything - wonder why the anonymity? Criminal Allegations, and an ICO Scam .
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