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Spruce Point Capital Management, LLC operates a Social Media accounts at www.twitter.com/sprucepointcap https://www.youtube.com/channel/UC9iY3qKASUkFnAhk9J11CdA and https://www.reddit.com/user/sprucepointcap (the “Social Media Accounts”). Please read this legal disclaimer in full prior to reading any content on any of our our Social Media Accounts.
Nothing in the Social Media Accounts may be considered as an offer or solicitation to purchase or sell products or services, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer would be unlawful under the securities laws of such jurisdiction. The purpose of our Social Media Accounts is solely to share and discuss investment ideas for informational purposes only and should not be considered an individualized recommendation of any particular security, strategy, or investment product and should not be construed as investment, legal or tax advice.
Use of Spruce Point’s tweets, posts or communications (“Communications” or “Communicate”) referencing any publicly traded security is at your own risk. To the best of our ability and belief, as of the date hereof, all information contained herein is accurate and reliable and does not omit to state material facts necessary to make the statements herein not misleading, and all information has been obtained from public sources we believe to be accurate and reliable, and who are not insiders or connected persons of the stock covered herein or who may otherwise owe any fiduciary duty or duty of confidentiality to the issuer, or to any other person or entity that was breached by the transmission of information to Spruce Point Capital Management LLC. However, Spruce Point Capital Management LLC recognizes that there may be non-public information in the possession of companies we Communicate about. Or other insiders of companies we Communicate about that has not been publicly disclosed by the underlying company. Therefore, such information contained herein is presented “as is,” without warranty of any kind – whether express or implied. Spruce Point Capital Management LLC makes no other representations, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use.
Prior to making any investment or hiring any investment manager you should consult with professional financial, legal and tax advisors to assist in due diligence as may be appropriate and determining the appropriateness of the risk associated with a particular investment.
You should assume that as of the Communication date, Spruce Point Capital Management LLC (possibly along with or through our members, partners, affiliates, employees, and/or consultants) along with our subscribers and clients has a short position in all stocks (and/or are long puts/short call options of the stock) covered herein, and therefore stand to realize significant gains in the event that the price of its stock declines. Following publication of any presentation, report or letter, we intend to continue transacting in the securities covered therein, and we may be long, short, or neutral at any time hereafter regardless of our initial recommendation. All expressions of opinion are subject to change without notice, and Spruce Point does not undertake to update this Communication or any information contained herein. Spruce Point Capital Management LLC, subscribers and/or consultants shall have no obligation to inform any investor or viewer of this Communication about their historical, current, and future trading activities.
Users of the Social Media Accounts (“Users”) shall not use the Social Media Accounts at any time for any purpose that is unlawful or prohibited and shall comply with any applicable local, state, national or international laws or regulations when using the Social Media Accounts.
Spruce Point Capital Management LLC and the terms, logos and marks included on the Social Media Accounts that identify Spruce Point Capital Management LLC services and products are proprietary materials. Copyright in the pages and in the screens of the Social Media Accounts, and in the information and material therein, is proprietary material owned by Spruce Point Capital Management LLC unless otherwise indicated.
Spruce Point may also collect and store Data voluntarily provided by you, the user, while visiting this Website. User-provided Data may include client login data, contact information, information related to the business you represent, information related to the financial information services you have requested. In each such instance, you will know what Data we collect through the Website, because you actively submit it to us.
Unless you also actively submit personal information, such as your name or address, passively tracked Data does not typically allow us to identify you personally.
Spruce Point will not disclose your personal and/or proprietary Data to anyone except as follows: We freely share your Data with our affiliates. We also share your Data with agents and service providers who use the Data, under confidentiality agreements, only for our purposes and under our instructions, e.g., third parties who provide us on-site web analytics services (for example, website tracking, content delivery, etc.). We may share your Data as required by law or in the interest of protecting or exercising our or others’ legal rights, e.g., without limitation, in connection with requests from law enforcement officials and in connection with court proceedings. We may share or transfer your Data in connection with a prospective or actual sale, merger, transfer or other reorganization of all or parts of our business. Also, we reserve the right to fully use and disclose any Data collected via the Website that is not in personally identifiable form.
If personal Data you have submitted through the Website is no longer accurate, current, or complete, and you wish to update it, please contact Spruce Point via the form available at www.sprucepoint.com/contact. Upon appropriate request we generally will update or amend your information, but we reserve the right to use Data previously obtained to verify your identity or take other actions that we believe are appropriate.
Transmissions over the Internet are never 100% secure or error-free. However, with respect to our internal security procedures, Spruce Point takes reasonable steps to maintain physical, electronic, and procedural safeguards in order to protect your personal Data from loss, misuse, and unauthorized access, disclosure, alteration, and destruction. Spruce Point also requires third party companies that we hire and to whom we disclose Data to keep such information confidential and to use it only to perform the services for which we hire them and only under our instructions. It is your responsibility to safeguard any password and User ID you use to access the Website and to notify us if you ever suspect that this password or User ID has been compromised. You are solely responsible for any unauthorized use of the Website conducted via your password and User ID.
You agree that the information on this website is copyrighted, and you therefore agree not to distribute this information (whether the downloaded file, copies / images / reproductions, or the link to these files) in any manner other than by providing the following link — http://www.sprucepointcap.com
If you have obtained Spruce Point Capital Management LLC research in any manner other than by download from the aforementioned link, you may not read such research without going to the aforementioned link and agreeing to the Terms of Service. You further agree that any dispute arising from your use of this report and / or the Spruce Point Capital Management LLC website or viewing the material hereon shall be governed by the laws of New York, without regard to any conflict of law provisions. You knowingly and independently agree to submit to the personal and exclusive jurisdiction of the superior courts located within the State of New York and waive your right to any other jurisdiction or applicable law, given that Spruce Point Capital Management LLC has an office in New York. The failure of Spruce Point Capital Management LLC to exercise or enforce any right or provision of these Terms of Service shall not constitute a waiver of this right or provision. If any provision of these Terms of Service is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties’ intentions as reflected in the provision and rule that the other provisions of these Terms of Service remain in full force and effect, in particular as to this governing law and jurisdiction provision. You agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of this website or the material herein must be filed within one (1) year after such claim or cause of action arose or be forever barred.
Spruce Point Capital Management LLC and the terms, logos and marks included on this Site that identify Spruce Point services and products are proprietary materials. Copyright in the pages and in the screens of this website, and in the information and material therein, is proprietary material owned by Spruce Point Capital Management LLC unless otherwise indicated. Unless otherwise noted, all information provided on this site is provided by Spruce Point Capital Management, LLC and is subject to copyright and trademark laws. Logos and marks contained in links to third party sites belong to their respective owners. All users may not reproduce, modify, copy, alter in any way, distribute, sell, resell, transmit, transfer, license, assign or publish such information.