Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Customer Service| 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 . And 9380 has actually been buying more stock in Aterian since it was acquired by the company. Also he was allowed to treat patients via telehealth telehealth while on probation (src). Pretty brutal. If You Invested $1,000 in Veru in 2020, This Is How Much You Would Have Today, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? 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. Copyright 2023 InvestorPlace Media, LLC. Culperspyday Tri-Spy Tours Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. George Washington's Culper Spy Ring: Separating Fact from Fiction 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. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Why LifeMD Stock Is Getting Crushed Today | The Motley Fool Research is not investment advice nor a recommendation or solicitation to buy securities. 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." 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. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. 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. Invest better with The Motley Fool. exhibit at the Three Village Historical Society. 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. Prior to co-founding Culper Capital Partners, he served as Majority Shareholder, Chairman & CEO of Glebar Company ("Glebar"), a role which he held from April 2013 to March 2020. 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. 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. On April 29, the company rebranded from Mohawk Group Holdings to Aterian. By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. Will Aterian stock recover from this short attack? Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. Do these allegations sound legitimate or a . Some research into Culper Research. The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) Blink Charging lower after short seller powers in with accusations 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. At just 150 patients, the trial is a . The allegations the firm makes are of a nature that most potential investors in Veru stock are likely to read. The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. Cost basis and return based on previous market day close. Is This Warren Buffett Stock a Buy After Its Dividend Boost? 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. 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. 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. Between the Hindenburg "Report" (a series of tweets), some firm called Culper Research (who seems to have a mediocre track record), and multiple YouTube videos, investors have a lot to consider. Aterian (f.k.a. Theres even room for more lines. 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. Published on June 1, 2022 June 3, 2022. "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. "LifeMD uses technology to make health care more accessible to people from all walks of life. 2023 InvestorPlace Media, LLC. Mohawk Group Holdings) was founded by . 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. The problem is this is a highly speculative play for most investors. Research may contain forward-looking statements, estimates, projections, and opinions with respect to among other things, certain accounting, legal, and regulatory issues the issuerfaces and the potential impact of those issues on its future business, financial condition and results ofoperations, as well as more generally, the issuers anticipated operating performance, access to capitalmarkets, market conditions, assets and liabilities. Not really sure how to end this post, but please let me know think. Adam s cook | Culper Capital Partners Apparently, this was not the case . Does someone more knowledgeable than me have any insight into these numbers ? Im holding on to see the company response. 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. A quick scroll through Culper's website yields very little in the way of personnel or address. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. The Motley Fool has a disclosure policy. It's important to remember that there are two sides to every story. 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. 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. 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. 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. 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 modern energy challenges, has become aware of a report making false accusations against CleanSpark and its officers. 1001 and 1030). However, such information is presented as is, without warranty of any kind whether express or implied. 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 . Read the complaint here: To view this content, please continue to their sites. 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%. 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. Please disable your ad-blocker and refresh. Veru has sales revenue from other medical assets it owns. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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). Create an account to follow your favorite communities and start taking part in conversations. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. $10/person - click to reserve your spot! Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. This implies that it could end up wasting a lot of its cash if the Phase 3 clinical study is not successful in obtaining FDA EUA approval. The Motley Fool has no position in any of the stocks mentioned. Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. 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. Culper also . 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. Docent led tours every 30 minutes of the Spies! 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. 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. According to the accounting firm, the numbers are fine. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning through its cash. This cant be right ? George Washington and the Culper Spy Ring - Stony Brook University . Did anyone read this? Clickhereto get started and be first to know about new suits in your region, practice area or client sector. Our 3 Top Picks. 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. Veru has not yet officially responded to Culper's accusations, which are worrying. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Making the world smarter, happier, and richer. Our Team Account subscription service is for legal teams of four or more attorneys. All Rights Reserved. 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.
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