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  "documentTitle": "Porch Group Inc (PRCH)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-04-08 00:00:00",
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      "kind": "callout",
      "text": "At best, we believe it was unethical for Mr. Ehrlichman not to disclose his work at HelpScore.com while ACTV was in the process of selling shares, and at worst this could be construed as securities misrepresentation.",
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      "kind": "diagram",
      "text": "HelpScore (Porch) Formed: Jan 18, 2012 -> Active Network S-1 Filing Jan 20, 2012 -> HelpScore (Porch) June 21, 2012 (Delaware Registered)",
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      "text": "California Business Records filing",
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      "kind": "paragraph",
      "text": "Porch was originally called HelpScore.com as evidenced by its earliest California state business filings. Yet, this fact is all but omitted from Porch's recent SEC filings after being acquired by a SPAC. We find evidence that HelpScore.com was conceived as early as Jan 18, 2012 while CEO Ehrlichman was still representing himself as Chief Strategy Officer of The Active Network (ACTV). In fact, just two days later on Jan 20, 2012 ACTV filed an S-1 document registering to sell shares, and there is no mention of his outside business interest, or intention to leave ACTV. ACTV never filed an 8-K of his departure, which his LinkedIn biography claims is April 2012. Even worse, Scott Austin, a Porch Co-Founder, claims the business was started in October 2011. At best, we believe it was unethical for Mr. Ehrlichman not to disclose his work at HelpScore.com while ACTV was in the process of selling shares, and at worst this could be construed as securities misrepresentation.",
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      "kind": "source-note",
      "text": "Source: WaybackMachine for HelpScore.com on Jan 18, 2012 | Source: The Active Network S-1 Filing | Source: California Business Records",
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      "text": "At Best Unethical, At Worst Securities Misrepresentation By Porch's CEO",
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