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  "documentTitle": "Heska Corporation (HSKA)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2021-10-25 00:00:00",
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  "notes": "Uses screenshots of Form 990, LinkedIn profiles, and financial prospectuses to build a case of undisclosed conflict of interest.",
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      "kind": "callout",
      "text": "The Cuattro Foundation 2018 Form 990 lists Christian and Collin Wilson as trustees. These are CEO Wilson's sons who both work in investment banking in the healthcare/life sciences banking practice at Piper Sandler. Piper Sandler, which has a $305 per share price target (2nd highest price target to Alliance Global's $310/sh), received fees from Heska for underwriting services. We believe this compromises the objectivity of Piper's stock price and rating and believe it should be suspended.",
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      "text": "We are surprised Piper Sandler would engage in such practices given the well-publicized scandals related to the hiring of relatives of clients by other investment banks such as Credit Suisse and JPMorgan.",
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      "text": "No mention of employing relatives of the CEO in other areas of the firm",
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      "text": "We believe this compromises the objectivity of Piper's stock price and rating and believe it should be suspended.",
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      "text": "Source: Cuattro Foundation Form 990, Heska 13D/A filed 4/29/19, LinkedIn, LinkedIn, Heska 424b filed 3/4/21, Heska press release dated 9/12/19, Piper Sandler equity research",
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      "text": "We Are Uncomfortable With The Undisclosed Employment Relationship Between Wilson's Family And Stock Promoter Piper Sandler",
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