Blink claims that 'EV drivers can easily charge at any of its 15,000 charging stations,' but we estimate the Companys functional public charging station network consists of just 2,192 stations, a mere 15% of this claim.". Five days later, the short report came public. 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. The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law. Such holders only profit on such positions when the stock declines and incur potentially unlimited losses if the price does not decline. 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. Click to reserve your spot! 1001 and 1030). How valuable are the assets if you can't trust the sales numbers? Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff, 5 Penny Cryptos With the Most Potential for Growth, 7 Penny Stocks Poised for Explosive Growth in 2023. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Spying is a secret business and thus research into it is most difficult. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning through its cash. These statements are based on CleanSpark's current beliefs and expectations. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. 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. 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. On Friday, Hindenburg Research and Culper Research released scathing reports on SOS Ltd (NYSE: SOS ), a Chinese cryptocurrency mining company. Law.com Radar publishes daily updates on just-filed federal cases like this one. TICKETED EVENTS on Culper Spy Day. 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. 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. Culper is an anonymous short-seller that refuses to disclose the individuals or entities behind it. CleanSpark Investigating Short Seller Culper Research. You should assume that Culper (possibly along with or through our members, partners, affiliates, employees, and/or consultants) along with our clients and/or investors has a position in any securities covered herein. If you have an ad-blocker enabled you may be blocked from proceeding. Is This Warren Buffett Stock a Buy After Its Dividend Boost? Both options are priced the same. 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. Prosper Junior Bakiny has no position in any of the stocks mentioned. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Im holding on to see the company response. On the date of publication, Mark R. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. However, such information is presented as is, without warranty of any kind whether express or implied. Sign up below to get this incredible offer! 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 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 . At just 150 patients, the trial is a . For more information, contact opendata@sec.gov. Press question mark to learn the rest of the keyboard shortcuts. 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. CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States. Create an account to follow your favorite communities and start taking part in conversations. 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. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. Learn More. 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. lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery Culper Research alleges that the company appears to use unlicensed doctors to dispense OTC medications. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. The report . But they were not involved in any fraudulent activity. VERU stock remains an extremely risky bet today. This drop over the last month or so has torched like 9% of my portfolio, real quick. 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. Not only has Aterian has not disclosed that its largest acquisition was from a felon who served prison time, but despite 5 elapsed months, the Company has failed to provide audited financials for the Smash Assets, leaving its S-3 shelf filing ineligible. ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . 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. Down 94%, Is Carvana Stock a Buy-the-Dip Opportunity? To hide from slander cases, perhaps?). One concern is that the t otal a ddressable m arket ( TAM) for all forms of . The Culper Spy Rings was a spy network started by George Washington to get information about the British, during the Revolutionary War. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. License our industry-leading legal content to extend your thought leadership and build your brand. Nasdaq 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. For example, if it has to redesign the study and start from scratch the costs could go up. 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. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) Our Team Account subscription service is for legal teams of four or more attorneys. Press question mark to learn the rest of the keyboard shortcuts. Veru Stock Could Face Difficulties If the Culper Research Report Is True. 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. Time to Buy? According to the accounting firm, the numbers are fine. On November 15, 2022, Culper Research published a short report on Treace (the "Culper Report"). 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. What should investors make of the allegations brought forth by Culper Research? Verified account Protected Tweets @; Suggested users 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. WOW Very BOLD and INTENSE claims made by Culper Research about Blink Charging Fraud!! Making the world smarter, happier, and richer. The Motley Fool has a disclosure policy. 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. CleanSpark Investigates Anonymous Short Seller. 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. Will Aterian stock recover from this short attack? 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. $10/person - click to reserve your spot! By using this site, you are agreeing to security monitoring and auditing. 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. Do these allegations sound legitimate or a . 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. The book talks about a group of spies known as the culper spy ring. The Cable Car website is down right now, but does indicate a connection to an investment partnership with the Funicular Fund. But that attitude raises a few questions. 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. 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. 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). Criminal Allegations, and an ICO Scam . In this conversation. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The suits 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 medications. Docent led tours every 30 minutes of the Spies! Use of Culper Research's("Culper") research is at your own risk. Published on June 1, 2022 June 3, 2022. And changing your chief financial officer in the midst of this doesn't exactly reassure. 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. By downloading from or viewing material on this website you agree to the following Terms of Service. That's what happened to the shorts in the Gamestopfrenzy earlier this year. The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. what are you doing after this report? 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. Some research into Culper Research. But it burnt through almost $9 million in free cash flow (FCF) during its latest quarter ending Dec. 31., according to its 10-Q filing. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Yes, in the short term, a short attack on a small cap will often send shares down, and Aterian's stock has dropped 35% since the report came out. About Us. 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. Don't miss the crucial news and insights you need to make informed legal decisions. 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. 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. Blink Charging (NASDAQ: BLNK) trades lower after short seller Culper Research calls the company a scheme to pillage minority investors to the benefit of insiders. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. To put bluntly the research report implies that Verus Phase 3 study is not likely to succeed in helping VERU-111 obtain a EUA. 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. The points Culper makes are quite compelling and raise substantial questions about the history of the CEO, Mitchell Steiner, and the EVP of Clinical Affairs, Robert Getzenberg. from 8 AM - 9 PM ET. 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 . Please declare your traffic by updating your user agent to include company specific information. By the end of December, when Core filed for Chapter 11 bankruptcy, the firm's stock had plummeted by more than 98%.. 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. Not a Bloomberg Law Subscriber?Subscribe Now. 2023 InvestorPlace Media, LLC. culper research legitsan juan airport restaurants hours. Such statements, estimates, projections and opinionsmay prove to be substantially inaccurate and are inherently subject to significant risks and uncertaintiesbeyond Culper's control. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. A quick scroll through Culper's website yields very little in the way of personnel or address. 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. Cost basis and return based on previous market day close. However, such information is presented as is, without warranty of any kind whether express or implied. However, the language in the response letter uses terms like "we are withholding documents that may be responsive" which Culper and co. are using to lead investors to the conclusion that such records do in fact exist and that an investigation into likely what Culper just detailed in their "report" is ongoing. 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). Eric Volkman has no position in any of the stocks mentioned. But there are some warning signs here. The rather eclectic biotech -- it has a female contraceptive product, FC2, on the market, and is developing cancer drugs -- has attracted much interest because of the apparently promising sabizabulin. Copyright 2023 ALM Global, LLC. The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Use of Culper Research's("Culper") research is at your own risk. Managing Partner, Chief Investment Officer. 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. Invest better with The Motley Fool. culper research legitmichelle fleury ancestry. Use of Culper Research's ("Culper") research is at your own risk. Taylor Carmichael has no position in any of the stocks mentioned. 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.