Veru 's ( VERU -0.17%) stock dipped by 5.5% on Friday as of 10:49 a.m. 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. I bought calls just before market close yesterday lol fuck my life. Use of Culper Research's("Culper") research is at your own risk. It's important to remember that there are two sides to every story. 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. That's $100 million you paid. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Link to CULPER RESEARCH https://img1.wsimg.com/blobby/go/cc91fda7-4669-. 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Accounting issues always cause stress for investors. 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. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. Clickhereto get started and be first to know about new suits in your region, practice area or client sector. REKR reported $245,000 in Oklahoma revenue for itself, and $1,000,000 in revenue for the state of Oklahoma - "over 25,000" notices of non-compliance were issued, but REKR . To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. No LFMD executives were charged. Published. If these claims prove accurate, LifeMD could face the wrath of lawmakers and regulators. The problem is it has just $116.1 million in cash as of Dec. 31 and is burning . 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. 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. Join The Legal Intelligencer now! 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. "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. Yes, it works for cancers, but it does the same to all normal tissue. 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. The Culper Report expressed the "view that Treace's primary innovation has not been in any sort of . One concern is that the t otal a ddressable m arket ( TAM) for all forms of . Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. So the names of the defendants in the lawsuit against Redwood were as follows. This is set for next Tuesday, May 10. u/wallstreetbets crowd? Honestly, we are letting them win with this plummeting over-reaction. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. culper research legitmichelle fleury ancestry. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. This drop over the last month or so has torched like 9% of my portfolio, real quick. Our Team Account subscription service is for legal teams of four or more attorneys. 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. Do these allegations sound legitimate or a . 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. Veru has not yet officially responded to Culper's accusations, which are worrying. It stinks like a skunk to me, but Im not smart. Also, did you notice that there are now at least half a dozen law firms trolling for members to a class action lawsuit against Life? The Motley Fool has no position in any of the stocks mentioned. 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. 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. Learn More. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. In this conversation. What should investors make of the allegations brought forth by Culper Research? At just 150 patients, the trial is a . However, such information is presented as is, without warranty of any kind whether express or implied. Veru has sales revenue from other medical assets it owns. Learn More. Pretty brutal. Making the world smarter, happier, and richer. https://www.google.com/amp/s/seekingalpha.com/amp/news/3681732-lifemd-falls-after-new-short-call-from-culper-research. The case is 2:21-cv-01273, Lifemd, Inc et al v. Lamarco et al. License our industry-leading legal content to extend your thought leadership and build your brand. The Motley Fool has a disclosure policy. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Not a Bloomberg Law Subscriber?Subscribe Now. 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." lifeguard air ambulance new mexico hassan has plastic surgery hassan has plastic surgery Investors could turn away from the company in droves if the researcher's allegations have merit, however. The report points out two major issues: first, the Phase 3 Covid-19 study contains glaring issues, compounded by management misrepresentations.. 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 . Mohawk Group Holdings) was founded by . 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. To other RS execs were laundering money (husband and wife). How valuable are the assets if you can't trust the sales numbers? If Justin and Stefan were involved in anyway they would have been on the list of named defendants. 2) In April, $VERU announced Phase III results (without full data) of sabizabulin (VERU-111) in hospitalized COVID-19 patients. Contact Us| 1001 and 1030). | Learn more about Christian Lamarco's work experience, education, connections & more by visiting their profile on LinkedIn 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. Please declare your traffic by updating your user agent to include company specific information. White Diamond Research is a research firm that sells information to hedge funds and high net worth individuals. Just went through LifeMD's annual report and they don't break down marketing expenses per business line. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. If you have an ad-blocker enabled you may be blocked from proceeding. 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. The report lists numerous ethical, integrity, and past performance issues with the key personnel running the company. 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. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? For that matter, changing the name of your company a week before a short attack might make people nervous, too. 1125 N. Charles St, Baltimore, MD 21201. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. Terms of Service. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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