ET after the short-selling group Culper Research published a new report criticizing the company's latest clinical trial . Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? 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. For more information, visit https://ATL-DATA.com. (On March 8 the company appointed Arturo Rodriguez to succeed Fabrice Hamaide in the position.) For more information, please see the SECs Web Site Privacy and Security Policy. Create an account to follow your favorite communities and start taking part in conversations. Please disable your ad-blocker and refresh. CleanSpark Investigates Anonymous Short Seller. 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 $15 million promissory note? Copyright 2023 ALM Global, LLC. The SEC logs have not been posted yet for March 2021 requests, but I will update that once they become available. CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. The company did not report any news, but these losses are a result of a short-seller report issued by investigative research firm Culper Research. CleanSpark takes seriously any accusations of impropriety, stands behind its prior statements and disclosures, and will not tolerate unfounded and reckless claims against the Company. The problem is this is a highly speculative play for most investors. Town square for LifeMD ($LFMD) stakeholders, Press J to jump to the feed. 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. 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). Tickets are limited. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. Yes, it works for cancers, but it does the same to all normal tissue. Under Mr. Cook's . It's important to remember that there are two sides to every story. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. I bought this stock after Citron recommended it. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. The company generated about $23,100 in revenue for the first half of 2021. 1125 N. Charles St, Baltimore, MD 21201. Veru Inc. (VERU) fell 6.7% after Culper Research released another short report on the oncology-focused biopharmaceutical company.Culper alleged in the report that at baseline, the. This drop over the last month or so has torched like 9% of my portfolio, real quick. The Austin-based company went public on the Nasdaq via a special purpose acquisition vehicle, or SPAC, in January 2022. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. We conduct extensive financial, legal, and other due diligence, including background checks, on our targets. 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. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas. 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? Some research into Culper Research. Picture this: Benedict Arnold, one of the United State's (U.S.) most infamous traitors and John Andre are successful in conspiring to attack West Point in 1780 ("The Culper Spy Ring," 2010). 1-2, 13). quotes delayed at least 15 minutes, all others at least 20 minutes. Sucks. best hunting game for oculus quest 2 culper research legit. The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania with their dedication to law. 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. Mohawk Group Holdings) was founded by . With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. CLEANSPARK INVESTIGATING SHORT SELLER CULPER RESEARCH . Published. The historical nonfiction book i read was titled "George Washington's Secret Six" and it was written by Brian Kilmeade and Don Yaeger. 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. That's what happened to the shorts in the Gamestopfrenzy earlier this year. 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. This research guide has detailed information about the university's two Washington letters and provides pathways to research materials on the spy ring. Other than that, Culper is a shady short seller that attacks stock on fire with high retail investor base to panic them. 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. On Wall Street, H.C. Wainwright dropped Blink Charging to a Neutral rating from Buy last week on a valuation call that did not allude to any wrongdoing at the company.. 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. 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/. Create an account to follow your favorite communities and start taking part in conversations. Jan 21, 2021 1:53PM EST. To make the world smarter, happier, and richer. But there are some warning signs here. 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. And changing your chief financial officer in the midst of this doesn't exactly reassure. Target Stock is Down Nearly 40% From Its High. Mark Hake writes about personal finance on mrhake.medium.com, Newsbreak.com and Beehiiv.com. 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. 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. It seems clear to us that this report is an attempt by a short seller to negatively impact . The members of the culper spy ring are an excellent example of the ordinary people that risked their lives to create . And 9380 has actually been buying more stock in Aterian since it was acquired by the company. In 5 minutes of searching, you can see they take partial truths and exaggerate them. That is because $36 includes all of company's business lines, not just RexMD. 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. In reality, they are simply conspiring to drive down the prices of stocks they take short positions in. This makes them biased, of course, but no more biased than the shareholders who want the stock to go up. from 8 AM - 9 PM ET. Law.com Radar publishes daily updates on just-filed federal cases like this one. 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. Read the complaint here. It is our view that the Oklahoma revenue opportunity is just 1/28 th (1.6MM/45MM) of or 96% lower than what Berman intimated during the investor presentation.. REKR's first quarter 2021 earnings corroborate our view. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines. 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. For example, if it has to redesign the study and start from scratch the costs could go up. 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. 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