{
  "docId": "019dd923-622c-750b-8b99-069a37f5f517",
  "docSlug": "9c995cfa26e4",
  "documentTitle": "Porch Group Inc (PRCH)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-04-08 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 36,
  "pageCount": 63,
  "prevPage": 35,
  "nextPage": 37,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": "Uses screenshots of partner pages to contrast with disclosure documents.",
  "elementsJson": [
    "headline_text",
    "callout_box",
    "screenshot",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b99-069a37f5f517/36",
  "deckHref": "/decks/019dd923-622c-750b-8b99-069a37f5f517",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b99-069a37f5f517.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-069a37f5f517#slide-36",
  "components": [
    {
      "bbox": {
        "h": 0.1,
        "w": 0.7,
        "x": 0.15,
        "y": 0.00175
      },
      "kind": "callout",
      "text": "Inspection Support Network (ISN) is owned by Porch.com yet the Company’s website lists it as a partner and not an owner. In addition, Porch owns Palm-Tech (acquisition disclosed) and America’s Call Center (acquisition unusually disclosed)(1,2). Why is Porch obfuscating its true relationship between these firms and not showing Americas Call Center as one of its companies along with the rest?",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "248f7a02-2770-4a8c-b303-2c97e365e673",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.52,
        "w": 0.94,
        "x": 0.03,
        "y": 0.31
      },
      "kind": "image",
      "text": "Screenshots of ISN partner page showing Porch, Palm-Tech, and America's Call Center",
      "attrs": null,
      "subkind": "screenshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8ff3f48c-8c7b-4496-b5a4-d39732a0613b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.94,
        "x": 0.03,
        "y": 0.91
      },
      "kind": "list",
      "text": "1) America’s Call Center informs customers of Porch takeover – Jan 19, 2021 – but Porch did not make an announcement\n2) Porch’s S-1 prospectus dated Jan 15, 2021 discloses note 53 of selling shareholders",
      "attrs": null,
      "subkind": "numbered",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8a84dd7a-b837-4ece-bf2d-c38d7bcb8102",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.15,
        "x": 0.03,
        "y": 0.87
      },
      "kind": "source-note",
      "text": "Source: ISN website",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "184384a1-414f-4e6f-a407-ee77e040a594",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.65,
        "x": 0.31,
        "y": 0.04
      },
      "kind": "title",
      "text": "Obscuring Ownerships In The Home Inspection Industry",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3203e65a-277e-4c52-8c10-9492f13f8d50",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "dc70c1d7-ffec-4784-83ca-9da58e033b36",
      "evidence": "Exposing hidden ownership structures to suggest corporate obfuscation.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}