culper research legit

However, LifeMD's shares will likely be highly volatile now that this report is out there, and I'd think twice about initiating a position in this healthcare stock anytime soon. CLEANSPARK INVESTIGATING SHORT SELLER CULPER RESEARCH . The company generated about $23,100 in revenue for the first half of 2021. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. In a 10-tweet thread digesting the report and posted on Monday, Culper accused Veru of "glaring anomalies" in its phase 3 clinical trial of coronavirus drug sabizabulin. In 5 minutes of searching, you can see they take partial truths and exaggerate them. Invest better with The Motley Fool. If any provision of these Terms of Service is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties intentions as reflected in the provision and rule that the other provisions of these Terms of Service remain in full force and effect, in particular as to this governing law and jurisdiction provision. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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." Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. Veru has a market capitalization of $750 million at $8.46 as of May 6. from 8 AM - 9 PM ET. No LFMD executives were charged. 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 . Treace Medical Concepts (TMCI) dropped 17% after a new short report from Culper Research.Culper Research says it's short the stock.Treace Medical (TMCI) didn't immediately return. Taylor Carmichael has no position in any of the stocks mentioned. Making the world smarter, happier, and richer. The second major issue the Culper report has with Veru is the quality of management. One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. 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. what are you doing after this report? 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. License our industry-leading legal content to extend your thought leadership and build your brand. LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. Even more recently, yesterday April 13 actually, Culper tweeted the response from the SEC regarding a March 2021 FOIA request for information pertaining to any investigations into SOS, Ltd., $SOS. The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . 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. 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. 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. $10/person - Space is limited. Spying is a secret business and thus research into it is most difficult. If Justin and Stefan were involved in anyway they would have been on the list of named defendants. That could potentially be a turning point for Veru stock. CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn Your article was successfully shared with the contacts you provided. Federal Judge: Lancaster Investment Firm, Executives Must Pay $2M in Civil Penalties, Restitution, Special Master in MoneyGram Feud at SCOTUS Has Surprise Change of Mind, In Jackson's First Majority Opinion, SCOTUS Curbs Delaware's Collection of Unclaimed Property, Class Action Accusing BOA of Inadequate Notice Before Reposessions Hits Federal Court, Law.com Editors and Analysts Offer Top Trends to Watch for 2023. 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). Thank you for your interest in the U.S. Securities and Exchange Commission. Veru has sales revenue from other medical assets it owns. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. However, such information is presented as is, without warranty of any kind whether express or implied. In no event should Culper or any affiliated party be liable for any direct or indirect trading losses caused by any . Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. The researcher is also highly unimpressed with the executives guiding the company. The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. That is because $36 includes all of company's business lines, not just RexMD. Veru (VERU -35.98%) has found itself the target of a short-seller, and as a result the biotech company's shares took a more than 12% hit on an otherwise upbeat Monday for the wider stock market. Create an account to follow your favorite communities and start taking part in conversations. Aterian (f.k.a. "LifeMD uses technology to make health care more accessible to people from all walks of life. The two short-sellers claimed that SOS stock was an . They have a financial motivation for doing so -- they want the stock price to go down. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any investment decision with respect to transacting in any securities covered herein. Will Aterian stock recover from this short attack? Cost basis and return based on previous market day close. To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. quotes delayed at least 15 minutes, all others at least 20 minutes. Rivington's association with Culper Jr., and Jr.'s association into the New York City British social environment, clearly places them in contact and since Rivington subsequently provided the British Naval . It seems clear to us that this report is an attempt by a short seller to negatively impact . Press question mark to learn the rest of the keyboard shortcuts. Investors might want to watch out. Note: We do not offer technical support for developing or debugging scripted downloading processes. 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. Article printed from InvestorPlace Media, https://investorplace.com/2022/05/veru-stock-could-face-difficulties-if-the-culper-research-report-is-true/. 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? Why would the block trades be significantly lower than current stock price at the time? 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. Contact Us| While the short report is lengthy, here is part of what Culper said. 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. In this conversation. 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. 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? . Docent led tours every 30 minutes of the Spies! Terms of Service. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. 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.". Managing Partner, Chief Investment Officer. I do wish to raise two issues: Rivington and my background. 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. But they were not involved in any fraudulent activity. 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. 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. If too many people are short a stock, the trade might flip on them, and a short squeeze might take place, causing the stock to zoom higher. Were short sellers putting together a scam? 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 . For more information, visit https://ATL-DATA.com. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? https://www.law.com/thelegalintelligencer/2021/09/27/defamation-suit-against-research-company-over-alleged-short-and-distort-stock-scheme-alert-moves-to-fed-court/. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any investment decision with respect to transacting in any securities covered herein. Culper Research, an activist short-seller that in its words "seek[s] to expose companies which have misrepresented their operations, failed to disclose significant risks, misappropriated capital, possess accounting irregularities, or otherwise deceived investors," published a blistering report on its short position in Veru. Investors should probably take this allegation with a grain of salt, as Culper Research is an anonymous outfit and the author of the report is a mystery. Value oriented and event driven investor. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. This suit was surfaced by Law.com Radar. 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. Press question mark to learn the rest of the keyboard shortcuts. *Average returns of all recommendations since inception. Our Team Account subscription service is for legal teams of four or more attorneys. 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 . Veru has a market capitalization of $750 million at $8.46 as of May 6. The Motley Fool has a disclosure policy. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? 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. 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. Click to reserve your spot! Lorem ipsum dolor sit amet, consectetur adipiscing elit. Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. exhibit at the Three Village Historical Society. Culper Research alleges that the company appears to use unlicensed doctors to dispense OTC medications. The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. The publisher of this false . Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. All rights reserved. When typing in this field, a list of search results will appear and be automatically updated as you type. And, the marketing expense for RexMD by Culper is just an "estimate". 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.

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