(Harvest) Kerrisdale Capital, who I’m sure many of you are familiar with, recently published a short thesis on SAGE to Harvest exchange. This is not uncommon as Kerrisdale often uses Harvest Exchange and other mediums to break a short idea. Shortly after Kerrisdale’s thesis (which sent SAGE stock down 13% that day), members of an emerging Hedge Fund, Asclepia Capital, discovered the short thesis on Harvest and published a direct response rebuttal to Kerrisdale by presenting the alternative long thesis. It’s worth noting, SAGE stock has since bounced back and recovered almost all of the initial losses. Both of these reports were in-depth, well thought out presentations about the future of a public company. Why does this matter?

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