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. Published on June 1, 2022 June 3, 2022. The problem is this is a highly speculative play for most investors. The book talks about a group of spies known as the culper spy ring. 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. 2023 InvestorPlace Media, LLC. 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. Press question mark to learn the rest of the keyboard shortcuts. Did these scumbags have any insider information? The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . In the tweet thread, Culper wrote that "Veru's top ranks harbor a history of alleged sham science, failure, and misrepresentation" and are "a team of alleged frauds and failures who now tout a COVID-19 drug.". So the names of the defendants in the lawsuit against Redwood were as follows. Aterian (f.k.a. Value oriented and event driven investor. If you have an ad-blocker enabled you may be blocked from proceeding. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. CLEANSPARK INVESTIGATING SHORT SELLER CULPER RESEARCH . 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. Guys, this is a classic short attack. 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. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . . 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. This suit was surfaced by Law.com Radar. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Copyright 2023 ALM Global, LLC. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. 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 . Culper Spy Ring Research Paper Intelligence provided by the Culper Spy Ring was instrumental in the defeat of the British during the Revolutionary War. Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . culper research legitsan juan airport restaurants hours. Investors could turn away from the company in droves if the researcher's allegations have merit, however. Create an account to follow your favorite communities and start taking part in conversations. The Motley Fool has a disclosure policy. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? 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. So let's take a look at what Culper is saying about Aterian. Research Materials about George Washington, the Culper Spy Ring, and the American Revolutionary War. In 5 minutes of searching, you can see they take partial truths and exaggerate them. Note: We do not offer technical support for developing or debugging scripted downloading processes. 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 . Thus, we assign the incremental $18.0M to RexMD. Contact Us| 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. Mr. Adam S. Cook is a co-founder and Chief Investment Officer at Culper Capital Partners ("CCP"). Plaintiffs also allege that "on information and belief, Lamarco is the sole member of Culper Research; owns and controls Culper Research; and, at all relevant times, directed, authorized, and/or was responsible for false and defamatory statements made about, and tortious acts against, Plaintiffs by Culper Research." (ECF No. best hunting game for oculus quest 2 culper research legit. Our focus was and continues to be on acquiring high performing businesses that offer opportunities for growth. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Also, apparently, most of the patients in the study were outside of the U.S. Join The Legal Intelligencer now! For instance, Culper Research alleges that LifeMD presents misleading information regarding its network of doctors and even uses unlicensed professionals "to dispense OTC medication.". Copyright 2023 Culper Research - All Rights Reserved. Site Map, Advertise| Thank you for your interest in the U.S. Securities and Exchange Commission. "We believe that the Company has . Shares of healthcare services provider LifeMD (LFMD 1.68%) are plunging on Wednesday and were down by 22.3% as of 3:45 p.m. EDT. Docent led tours every 30 minutes of the Spies! On the other hand, the stock dropped 25% . In the near term, anything can happen to a stock price. 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). Don't miss the crucial news and insights you need to make informed legal decisions. WOW Very BOLD and INTENSE claims made by Culper Research about Blink Charging Fraud!! 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. 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. The publisher of this false report is an unknown entity or group hidden behind the facade of "Culper Research," which disguises the identity of the actual author(s). what are you doing after this report? 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. It stinks like a skunk to me, but Im not smart. Also, did you notice that there are now at least half a dozen law firms trolling for members to a class action lawsuit against Life? 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 . 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.. Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. CleanSpark Investigating Short Seller Culper Research. This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. Where This Leaves Investors in Veru Stock. Prosper Junior Bakiny has no position in any of the stocks mentioned. For that matter, changing the name of your company a week before a short attack might make people nervous, too. About Us| Eric Volkman has no position in any of the stocks mentioned. Five days later, the short report came public. It looks very bad . *Average returns of all recommendations since inception. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. 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. The Motley Fool recommends Aterian, Inc. Blink Charging (NASDAQ: BLNK) trades lower after short seller Culper Research calls the company a scheme to pillage minority investors to the benefit of insiders. An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. The points Culper makes are quite compelling and raise substantial questions about the history of the CEO, Mitchell Steiner, and the EVP of Clinical Affairs, Robert Getzenberg. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. Some research into 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. Aterian issued a press release to respond to the short attack. If you can't trust management, or its numbers, you really shouldn't be in a stock. As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. 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. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. A company that relies on acquisitions to make its revenue go up can be hiding a sales deterioration in the existing business. 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. In this conversation. Is This Warren Buffett Stock a Buy After Its Dividend Boost? According to documents Aterian filed with the SEC on April 29, 9380 Macarthur does indeed own almost 5 million shares, or 16.2% of the company. This drop over the last month or so has torched like 9% of my portfolio, real quick. The Patriots (colonists) were fighting against the British, in this war.
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