What Is the Best EV Stock to Buy Now? 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). 10 czerwca 2022 On Friday, Hindenburg Research and Culper Research released scathing reports on SOS Ltd (NYSE: SOS ), a Chinese cryptocurrency mining company. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALMs deep bench of proprietary information to provide insights that cant be found anywhere else. Mohawk Group Holdings) was founded by . The Motley Fool recommends Aterian, Inc. In addition, these transactions were structured as asset purchases only and therefore the founders did not become employees of Aterian. 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. Join The Legal Intelligencer now! That could potentially be a turning point for Veru stock. Will Aterian stock recover from this short attack? Toggle Navigation Hindenburg Research. 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. More importantly, I want to know why the stock went from $18 to $12 between the earnings and the short report. Nasdaq We look for stocks with the potential for big moves in the near future up or down. 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. Yes, it's horrible and I don't know what to do now. Use of Culper Research's ("Culper") research is at your own risk. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. exhibit at the Three Village Historical Society. 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. I think the only scary about the report is that some executives at LifeMD, used to work at Redwood Scientific, which was shut down by FTC upon fraud. Some research into Culper Research. 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. A quick scroll through Culper's website yields very little in the way of personnel or address. 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. All expressions of opinion are subject to change without notice, and Culper does not undertake to update or supplement this report or any of the information contained herein. Use of Culper Research's("Culper") research is at your own risk. Does someone more knowledgeable than me have any insight into these numbers ? Press question mark to learn the rest of the keyboard shortcuts. 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. To make the world smarter, happier, and richer. Not really sure how to end this post, but please let me know think. CleanSpark has retained the law firm of Wilk Auslander LLP in connection with this matter and will be vigilant in investigating the sources of these misrepresentations, including the identity of those veiled behind the entity calling itself Culper Research. 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 . Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; . If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. Value oriented and event driven investor. What should investors make of the allegations brought forth by Culper Research? 831 Words4 Pages. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. $10/person - Space is limited. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, CleanSpark Reports First Quarter FY2023 Financial Results, CleanSpark Reports Fourth Quarter and Year End FY2022 Financial Results. Eric Volkman has no position in any of the stocks mentioned. 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 . Theres even room for more lines. Im holding on to see the company response. Law.com Radar publishes daily updates on just-filed federal cases like this one. Overall, it's been ~15 years since I've seen a decent group go after microtubules in cancer. 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/. 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, if it has to redesign the study and start from scratch the costs could go up. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Yes, it works for cancers, but it does the same to all normal tissue. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. But there are some warning signs here. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. 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. SALT LAKE CITY, January 21, 2021 -- 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. 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. Culper also . However, such information is presented as is, without warranty of any kind whether express or implied. On the other hand, shorts are always future buyers of your stock. Research is not investment advice nor a recommendation or solicitation to buy securities. 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). 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. 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. Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. The Motley Fool has no position in any of the stocks mentioned. Like, within two days of the report, which just adds to the shadiness of the situation. Cost basis and return based on previous market day close. The report . culper research legitmichelle fleury ancestry. The researcher is also highly unimpressed with the executives guiding the company. Through its wholly owned subsidiary ATL Data Centers LLC, CleanSpark owns and operates a data center that provides customers with traditional on-site and cloud-based data center services. If you're a natural optimist, shorts are handy as a devil's advocate, reminding you of all the bad things that can happen to your stock. You agree that the information on this website is copyrighted, and you therefore agree not to distribute this information (whether the downloaded file, copies / images / reproductions, or the link to these files) in any manner other than by providing the following link http://www.culperresearch.com The failure of Culper to exercise or enforce any right or provision of these Terms of Service shall not constitute a waiver of this right or provision. In December 2020, Aterian purchased 9380 Macarthur LLC ("the Smash Assets") from (a) convicted felonwho also appears to be late on $4.1 million of taxes to the State of California. By downloading from or viewing material on this website you agree to the following Terms of Service. Research Materials about George Washington, the Culper Spy Ring, and the American Revolutionary War. Do these allegations sound legitimate or a . At just 150 patients, the trial is a . 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. 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? Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. 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. 2023 InvestorPlace Media, LLC. They short the company, post these reports, and reap the benefits of people over reacting. You agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of this website or the material herein must be filed within one (1) year after such claim or cause of action arose or be forever barred. 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%. However, the only problem is that there is a research report dated May 2 from a short-seller firm, Culper Research. The Motley Fool has a disclosure policy. Copyright 2023 ALM Global, LLC. quotes delayed at least 15 minutes, all others at least 20 minutes. Read the complaint here: To view this content, please continue to their sites. The complaint, over an alleged short-and-distort stock scheme, was filed by Gordon Rees Scully Mansukhani on behalf of LifeMD Inc., CEO Justin Schreiber and CTO Stefan Galluppi. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. To make the world smarter, happier, and richer. 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. Making the world smarter, happier, and richer. Managing Partner, Chief Investment Officer. lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. *Average returns of all recommendations since inception. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning through its cash. 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. 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. 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. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Dont listen to shitron in the first place, that guy is the worst, Did some research, seems like Dr Badii is no longer with RexMD. Clickhereto get started and be first to know about new suits in your region, practice area or client sector. The two short-sellers claimed that SOS stock was an . 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. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Also, apparently, most of the patients in the study were outside of the U.S. 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 . 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. We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. Culper alleges that Core Scientific "wildly oversold" both its mining and hosting business. 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. Docent led tours every 30 minutes of the Spies! Thus, we assign the incremental $18.0M to RexMD. "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. 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. That's $100 million you paid. That is because $36 includes all of company's business lines, not just RexMD. | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." 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. 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. This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. Lorem ipsum dolor sit amet, consectetur adipiscing elit. I bought calls just before market close yesterday lol fuck my life. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any . Veru has a market capitalization of $750 million at $8.46 as of May 6. 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. We reserve the right to block IP addresses that submit excessive requests. best hunting game for oculus quest 2 culper research legit. from 8 AM - 9 PM ET. As incriminating as Culper Research's report looks, LifeMD could well have ready and convincing rebuttals to these accusations. Veru has not yet officially responded to Culper's accusations, which are worrying. I bought this stock after Citron recommended it. For that matter, changing the name of your company a week before a short attack might make people nervous, too. That's what happened to the shorts in the Gamestopfrenzy earlier this year. After they cash in on the Short, they then turn around and ride the wave back up, which happens to most companies they've done this to. *Average returns of all recommendations since inception. Use of Culper Research's ("Culper") research is at your own risk. Cost basis and return based on previous market day close. Is this a bad sign for your stock? 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. ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . In the near term, anything can happen to a stock price. 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. Learn More. CleanSpark Investigating Short Seller Culper Research. Just another manipulative scare tactic that I wouldn't be surprised if they use against LifeMD next. 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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