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  "documentTitle": "PetIQ, Inc. (PETQ)",
  "authorId": "54_Spruce_Point_Capital",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-04-30 00:00:00",
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  "pageNumber": 33,
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  "notes": "Uses screenshots of Idaho Secretary of State annual reports as evidence of the co-founder's other business activities.",
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      "kind": "callout",
      "text": "Adcock Still Involved With Other Businesses (With Stevenson) After Leaving PetIQ (Q3 '17)",
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      "kind": "callout",
      "text": "We wonder: now that he no longer needs to disclose sales of PETQ shares, how much has he been selling? Why does he appear to still be active in a number of his (many) other business interests?",
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      "text": "Screenshots of Idaho Secretary of State annual reports",
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      "text": "We also note that PetIQ / True Science President and Co-Founder Scott Adcock departed the Company just several months after it went public. Christensen cited health reasons for his departure on the Q3 FY17 earnings call, but it is still notable to us that a founder of the business would leave so early into its existence as a public company. We wonder: now that he no longer needs to disclose sales of PETQ shares, how much has he been selling? Why does he appear to still be active in a number of his (many) other business interests?",
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      "kind": "source-note",
      "text": "Source: Idaho Secretary of State's Office",
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      "kind": "title",
      "text": "Company Co-Founder Exits Just Months After Its IPO",
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