Shouldn't you, at a minimum, audit the financials before you pay $25 million in cash, and give up 4.22 million shares ($60 million at current prices), and agree to acquire a $15 million promissory note? One of the nice things about shorts is that you can always count on them to bring up every possible negative about a stock. Yes and no. For more information, contact opendata@sec.gov. For example, the Culper Research report alleges the entire February 2020 acquisition of p2k Labs, Inc. is "another undisclosed related party transaction, as CleanSpark's CFO Lori Love is found . Another bright side is the short report does not have a single mention of PDFSimpli, so if all else fails and the telehealth biz goes to zero at least we have a market cap base of maybe $60-70 million for PDFSimpli lol. Theres even room for more lines. CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. Has anyone attempted to recalculate their marketing cost per website visitor for LFMD vs HIMS. 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. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. The problem is this is a highly speculative play for most investors. $3.6MM ADDITIONAL, PREVIOUSLY CONCEALED, RELATED PARTY - Yahoo! I did some deeper digging though using SEC FOIA request logs and Culper's own posts on twitter in an attempt to pull back the curtain a bit. Please disable your ad-blocker and refresh. Do these allegations sound legitimate or a . LifeMD (NASDAQ: LFMD) dropped 16% after a new short report from Culper Research. We think that if BCII was a fully-legitimate operation, then at the least, it would be able to recruit a legitimate lawyer. CleanSpark Investigates Anonymous Short Seller. For more information, visit https://ATL-DATA.com. According to the accounting firm, the numbers are fine. Learn More. Although we identified the historical legal concerns raised in the report, they were unrelated to the acquired businesses. All Rights Reserved. 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. They have a financial motivation for doing so -- they want the stock price to go down. Culper also . Value oriented and event driven investor. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. Jan 21, 2021 1:53PM EST. Verified account Protected Tweets @; Suggested users Capacity is expected to increase to over 300 PH/s in mining capacity by early 2021. 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 . Apparently, this was not the case . 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. Why Veru Stock Plummeted on Monday | The Motley Fool How valuable are the assets if you can't trust the sales numbers? Lawsuit filed for Investors in shares of SOS Limited (NYSE: SOS) 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 . 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. At this point, the connection between all these entities and Culper is unclear, beyond the fact that Culper posted the response to Ma-Weaver/Cable Car Capital's SEC FOIA request back in December. 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. Accounting issues always cause stress for investors. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. 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. Spying is a secret business and thus research into it is most difficult. Culper on Twitter Reddit and its partners use cookies and similar technologies to provide you with a better experience. And 9380 has actually been buying more stock in Aterian since it was acquired by the company. Adam s cook | Culper Capital Partners The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. 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. 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. 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. Invest better with The Motley Fool. Use of Culper Research's ("Culper") research is at your own risk. The Company will vigorously and relentlessly defend itself against these actions and against the kind of baseless accusations made by those behind the "report." 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. PDF Disclaimer - IA Rugby.com We look for stocks with the potential for big moves in the near future up or down. We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. The Culper Ring During The Revolutionary War | ipl.org LFMD execs were not involved, and left the company. Veru Shares Move Lower; Culper Research Release Short Report On Stock 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. 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. What should investors make of the allegations brought forth by Culper Research? Culperspyday Tri-Spy Tours 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 . The problem is it has just $116.1 million in cash as of Dec. 31 and is burning through its cash. SEC.gov | HOME They short the company, post these reports, and reap the benefits of people over reacting. Learn More. 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 . (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) CleanSpark Investigating Short Seller Culper Research | Nasdaq 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 the U.S. Federal Trade Commission (FTC) back in 2018. Not really sure how to end this post, but please let me know think. Honestly, we are letting them win with this plummeting over-reaction. 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. The company generated about $23,100 in revenue for the first half of 2021. Veru Stock Could Face Difficulties If the Culper Research Report Is True *Average returns of all recommendations since inception. The Culper Research report was also cited in a November 2022 class action lawsuit, which alleged that Core Scientific failed to disclose a series of adverse . Kick the day off with a 9:00 a.m. walking tour led by Tri-Spy Tours! The tweet indicated there were two requests submitted; one in May 2020 and another in September 2020. Five days later, the short report came public. LifeMD, Inc. v. Lamarco, Civil Action 2:21-cv-1273 - Casetext Culper Research quotes delayed at least 15 minutes, all others at least 20 minutes. Culper Research alleges that the company appears to use unlicensed doctors to dispense OTC medications. One concern is that the t otal a ddressable m arket ( TAM) for all forms of . By downloading from or viewing material on this website you agree to the following Terms of Service. Published on June 1, 2022 June 3, 2022. 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. Guys, this is a classic short attack. . An immediate avalanche of selling started at the open of the 6th, suggesting that news of the basket trial was a bad thing. 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. lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery The short is also correct that the 9380 lockup expires in June, which means that Aterian's biggest shareholder will be free to start selling shares that were acquired for pennies. 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. But that attitude raises a few questions. These statements are based on CleanSpark's current beliefs and expectations. Press question mark to learn the rest of the keyboard shortcuts. What Is the Best EV Stock to Buy Now? We scour the stock universe for good ideas and specialize in the technology and healthcare sectors, and in special situations in all sectors. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. On December 3, 2020, Culper tweeted regarding a FOIA request for information from SEC on any investigations into a company called CytoDyn $CYDY.
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