According to Culper, Aterian acquired the e-commerce brands Mueller, Pursteam, Pohl and Schmitt, and Spiralizer (the "Smash assets") from a convicted felon. 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. 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 owner - CLARVI 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"). The Great CytoDyn (OTCQB: CYDY) Bear Raid Fails to Impress Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. On the other hand, shorts are always future buyers of your stock. Sign up below to get this incredible offer! To hide from slander cases, perhaps?). 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. The second major issue the Culper report has with Veru is the quality of management. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . 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. The Motley Fool recommends Aterian, Inc. For example, if it has to redesign the study and start from scratch the costs could go up. Telehealth Co. Accuses Short Sellers Of Defamation-For-Profit The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . This suit was surfaced by Law.com Radar. Thissuit was surfacedby Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. The Motley Fool has a disclosure policy. Value oriented and event driven investor. 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 . On the other hand, the stock dropped 25% last week and the company felt the need to respond to the allegation. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. 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. The apparent purpose of the Culper Research "report" is to cover or profit from the publisher's short positions in the Company, which the publisher expressly acknowledges holding in the report itself. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Is this a bad sign for your stock? Copyright 2023 Culper Research - All Rights Reserved. Pretty brutal. The publisher of this false . Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Cost basis and return based on previous market day close. 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. PDF Disclaimer - IA Rugby.com To make the world smarter, happier, and richer. The two short-sellers claimed that SOS stock was an . Veru Stock Could Face Difficulties If the Culper Research Report Is True. In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. exhibit at the Three Village Historical Society. Did anyone read this? 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. 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. The researcher is also highly unimpressed with the executives guiding the company. 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. Miracle Cures and Murder For Hire: How A Spoon-Bending Turkish Magician Built A $600 Million Nasdaq-Listed Scam Based On A Lifetime Of Lies. Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. 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. 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. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. And 9380 has actually been buying more stock in Aterian since it was acquired by the company. 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. 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. Thus, we assign the incremental $18.0M to RexMD. 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 . Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. 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. Feel like going after another group of asshole short sellers trying to screw over us regular investors? Aterian (f.k.a. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? "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." White Diamond Research | About Us 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. 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. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. 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? Create an account to follow your favorite communities and start taking part in conversations. Treace Medical plunges on new short report from Culper Research Yes, it's horrible and I don't know what to do now. All rights reserved. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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. Why would the block trades be significantly lower than current stock price at the time? 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 . Veru Stock Could Face Difficulties If the Culper Research Report Is True 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. 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. That is because $36 includes all of company's business lines, not just RexMD. By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. 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. Mohawk Group Holdings) was founded by . 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. 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. For most investors the likely risks, as outlined by the Culper Research article, probably outweigh the potential upside in Veru stock. Accounting issues always cause stress for investors. What should investors make of the allegations brought forth by Culper Research?
Olive Garden Discontinued Menu Items, Sims 4 Plastic Surgery Mod Kawaiistacie, Emily Evan Rae Parenthood, Avenue5 Insurance Llc Miami Fl, View From Chase Bridge Msg Concert, Articles C