{ "schemaVersion": "deck-intelligence.v1", "id": "019dd923-622b-71dc-a6da-e252246f3801", "slug": "391ebdd9703c", "title": "The St. Joe Company (JOE)", "subtitle": "David Einhorn · 2010-10", "author": "David Einhorn", "date": "2010-10-13 00:00:00", "pageCount": 139, "kind": "conference-presentation", "orientation": "portrait", "aspectRatio": 0.77272725, "targetCompany": "The St. Joe Company", "targetTicker": "JOE", "document": { "id": "019dd923-622b-71dc-a6da-e252246f3801", "slug": "391ebdd9703c", "title": "The St. Joe Company (JOE)", "rawTitle": "Greenlight St. Joe Presentation Oct 2010", "authorId": "04_Greenlight_Capital", "authorName": "David Einhorn", "authorDisplay": "David Einhorn", "kind": { "slug": "conference-presentation", "label": "Conference presentation" }, "sourceType": { "slug": "activist_investor", "label": "Activist investor" }, "fileName": "2010-10-Greenlight-St.-Joe-Presentation-Oct-2010.pdf", "sourceUrl": "https://www.10xebitda.com/wp-content/uploads/2016/11/Greenlight-St.-Joe-Presentation-Oct-2010.pdf", "sourceDate": "2010-10-13 00:00:00", "presentationDate": "2010-10-13 00:00:00", "ingestedAt": "2026-04-22 16:11:43+00", "status": "ready", "pageCount": 139, "orientation": "portrait", "aspectRatio": 0.77272725, "targetCompany": "The St. Joe Company", "targetTicker": "JOE", "metadata": { "local_root": "/tmp/legacy-images/391ebdd9703c", "activist_firm": "Greenlight Capital", "origin_corpus": "contrarian", "extraction_seconds": 199.6061110496521 } }, "coverage": { "pageCount": 139, "pagesIndexed": 139, "pagesWithImages": 139, "pagesWithMetadata": 139, "imageCoveragePct": 100, "metadataCoveragePct": 100, "componentCount": 571, "chartCount": 6, "metricSlides": 0, "toolMatches": 39, "documentToolMatches": 5, "frameworkMatches": 23, "arcMatches": 1, "beatMatches": 5, "loopMatches": 2, "patternMatches": 0, "storymakersMatch": false, "scoreAvailable": false, "reviewAvailable": false, "activistThesisAvailable": true, "pitchdeckMetadataAvailable": false, "pitchdeckProfileAvailable": false }, "blocks": [], "matches": { "arcs": [ { "arc": { "name": "Problem-Agitate-Solution", "slug": "problem-agitate-solution", "status": "active", "bestFor": "Sales pitches, urgency-driven, competitive displacement", "canonId": "019dd956-5ec6-70f9-9fd8-fdbaaff39acf", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem (Identify pain) -> Agitate (Make it worse) -> Solution (Provide relief)", "description": null, "familyLabel": null, "categoryName": "Strategy & Business", "categorySlug": "strategy-business" }, "matchId": "34ecd1bb-081a-4187-bc67-b8cef29fc990", "evidence": "The presentation follows a clear problem-agitate-solution structure, highlighting the company's problems, agitating them, and implying a solution.", "isPrimary": true, "confidence": 0.8, "extraction": { "at": "2026-07-16 21:54:44.518673+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } } ], "beats": [ { "to": 25, "arc": { "name": "Problem-Agitate-Solution", "slug": "problem-agitate-solution", "status": "active", "bestFor": "Sales pitches, urgency-driven, competitive displacement", "canonId": "019dd956-5ec6-70f9-9fd8-fdbaaff39acf", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem (Identify pain) -> Agitate (Make it worse) -> Solution (Provide relief)", "description": null, "familyLabel": null, "categoryName": "Strategy & Business", "categorySlug": "strategy-business" }, "from": 25, "name": "Problem Statement", "beatId": "232d148b-b529-4b88-962e-ae6436593519", "matchId": "34ecd1bb-081a-4187-bc67-b8cef29fc990", "beatType": null, "evidence": "JOE's land faces a competitive disadvantage due to its location outside the airport fence.", "position": 0, "isPrimaryArc": true, "parentBeatType": null, "alignedBlockIds": null, "matchConfidence": 0.8 }, { "to": 27, "arc": { "name": "Problem-Agitate-Solution", "slug": "problem-agitate-solution", "status": "active", "bestFor": "Sales pitches, urgency-driven, competitive displacement", "canonId": "019dd956-5ec6-70f9-9fd8-fdbaaff39acf", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem (Identify pain) -> Agitate (Make it worse) -> Solution (Provide relief)", "description": null, "familyLabel": null, "categoryName": "Strategy & Business", "categorySlug": "strategy-business" }, "from": 26, "name": "Expose Contradiction", "beatId": "2e05029f-fb7c-4625-b68e-a72c9f0945a3", "matchId": "34ecd1bb-081a-4187-bc67-b8cef29fc990", "beatType": null, "evidence": "JOE is proposing to re-lease the same land it gave away", "position": 1, "isPrimaryArc": true, "parentBeatType": null, "alignedBlockIds": null, "matchConfidence": 0.8 }, { "to": 40, "arc": { "name": "Problem-Agitate-Solution", "slug": "problem-agitate-solution", "status": "active", "bestFor": "Sales pitches, urgency-driven, competitive displacement", "canonId": "019dd956-5ec6-70f9-9fd8-fdbaaff39acf", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem (Identify pain) -> Agitate (Make it worse) -> Solution (Provide relief)", "description": null, "familyLabel": null, "categoryName": "Strategy & Business", "categorySlug": "strategy-business" }, "from": 38, "name": "Complication", "beatId": "5dfd357e-76e9-4707-8674-c8e2267ef4e3", "matchId": "34ecd1bb-081a-4187-bc67-b8cef29fc990", "beatType": { "name": "Complication", "slug": "complication", "status": "active", "canonId": "019dd9b8-0275-7709-b2d6-4f77c3fc7579", "version": 1, "description": "The point in the narrative where the audience should feel discomfort. Required for argumentative arcs." }, "evidence": "JOE's Business Has Essentially Stopped", "position": 2, "isPrimaryArc": true, "parentBeatType": null, "alignedBlockIds": null, "matchConfidence": 0.8 }, { "to": 44, "arc": { "name": "Problem-Agitate-Solution", "slug": "problem-agitate-solution", "status": "active", "bestFor": "Sales pitches, urgency-driven, competitive displacement", "canonId": "019dd956-5ec6-70f9-9fd8-fdbaaff39acf", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem (Identify pain) -> Agitate (Make it worse) -> Solution (Provide relief)", "description": null, "familyLabel": null, "categoryName": "Strategy & Business", "categorySlug": "strategy-business" }, "from": 41, "name": "Evidence", "beatId": "61cdc6c5-745d-4872-a9f4-1fdfe51b8f06", "matchId": "34ecd1bb-081a-4187-bc67-b8cef29fc990", "beatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "evidence": "Impairments and development progress", "position": 3, "isPrimaryArc": true, "parentBeatType": null, "alignedBlockIds": null, "matchConfidence": 0.8 }, { "to": 65, "arc": { "name": "Problem-Agitate-Solution", "slug": "problem-agitate-solution", "status": "active", "bestFor": "Sales pitches, urgency-driven, competitive displacement", "canonId": "019dd956-5ec6-70f9-9fd8-fdbaaff39acf", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem (Identify pain) -> Agitate (Make it worse) -> Solution (Provide relief)", "description": null, "familyLabel": null, "categoryName": "Strategy & Business", "categorySlug": "strategy-business" }, "from": 64, "name": "Key Takeaways", "beatId": "867db228-9d6b-49a3-ab6d-21e4336f57a8", "matchId": "34ecd1bb-081a-4187-bc67-b8cef29fc990", "beatType": null, "evidence": "RiverTown Conclusions", "position": 4, "isPrimaryArc": true, "parentBeatType": null, "alignedBlockIds": null, "matchConfidence": 0.8 } ], "loops": [ { "to": 16, "from": 14, "loop": { "name": "02_pattern_hunter", "slug": "02-pattern-hunter", "status": "active", "bestFor": "Time-pressed audiences, building consensus, when data is strong", "canonId": "019dd956-6695-771a-be2e-f1748ef041a4", "version": 1, "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21", "structure": "Evidence A -> Evidence B -> Evidence C -> Pattern/Conclusion", "description": "Group multiple pieces of evidence that together point to a pattern or conclusion", "familyLabel": null, "categoryName": "Logical Reasoning", "categorySlug": "logical-reasoning" }, "matchId": "590200ae-6833-4b48-a1cb-abfec4fd41c7", "evidence": "The presentation provides an overview of JOE's performance over the past 10 years.", "position": 0, "objective": "What has JOE done over the past 10 years?", "confidence": 0.7, "extraction": { "at": "2026-07-16 21:54:44.754825+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } }, { "to": 126, "from": 124, "loop": { "name": "27_cost_of_inaction", "slug": "27-cost-of-inaction", "status": "active", "bestFor": "Urgent budget requests, compliance, risk mitigation", "canonId": "019dd956-70d1-7395-a15b-857ba858b394", "version": 1, "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "description": "Quantify what happens if the audience does nothing", "familyLabel": null, "categoryName": "Urgency", "categorySlug": "urgency" }, "matchId": "a55b03d9-86b2-44cd-a1a2-9bd86a313b63", "evidence": "The presentation highlights the consequences of JOE's inaction.", "position": 1, "objective": "What are the implications of JOE's inaction?", "confidence": 0.6, "extraction": { "at": "2026-07-16 21:54:44.79393+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } } ], "tools": [ { "tool": { "name": "Before/after framing", "slug": "before-after-framing", "status": "active", "bestFor": "For turnaround / reform proposals", "canonId": "019dd9e1-528b-72ec-a563-e5dcb9410f67", "version": 1, "bodyDocId": "019dd9a1-80bf-72e9-980b-ccd1c0cd3488", "description": "You visualise two futures side by side: the trajectory the target is on\ntoday, and the trajectory under your proposed intervention. 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Who? Where? When? Scale?", "familyLabel": null, "categoryName": "Block", "categorySlug": "block" }, "agent": "Architect", "layer": "slide", "agents": [ "Architect" ], "matchId": "ed841bd5-b410-41c3-9a2e-733a46014c5f", "evidence": "paragraph/paragraph: Management should sell the company... But, it can't because the stock price is too high... 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"pageNumber": 26, "frameworkName": "ceo-quote-contradiction" }, { "matchId": "5db4d492-320d-41aa-b617-337952900630", "evidence": "Uses FOIA data and photographic evidence to contradict management claims.", "framework": null, "confidence": 0.9, "extraction": { "at": "2026-05-02 21:09:22.634+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 27, "frameworkName": "fraud-exposure" }, { "matchId": "03098e97-337b-4d1e-a92b-be293156713f", "evidence": "Use of a geographic map to locate assets.", "framework": null, "confidence": 1, "extraction": { "at": "2026-05-02 21:09:23.931+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 33, "frameworkName": "map-spatial" }, { "matchId": "425f6acf-3de1-4710-8dc1-41e041494280", "evidence": "The slide explicitly contrasts large asset values with small write-downs to suggest potential 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"pageNumber": 51, "frameworkName": "authority-citation" }, { "matchId": "0abc6a24-0fde-4acf-95a0-437db07a6f1e", "evidence": "Uses a legal deed as primary evidence for a business claim.", "framework": null, "confidence": 0.9, "extraction": { "at": "2026-05-02 21:09:26.575+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 56, "frameworkName": "authority-citation" }, { "matchId": "1d343bb4-670f-44a8-b904-9e809f765042", "evidence": "Aerial photograph used to visualize property sales distribution", "framework": null, "confidence": 0.8, "extraction": { "at": "2026-05-02 21:09:27.079+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 59, "frameworkName": "map-spatial" }, { "matchId": "296345ef-6a39-4531-a91a-9dae5e1a5478", "evidence": "The slide uses a geographic map to establish the physical location of assets.", "framework": null, "confidence": 1, "extraction": { "at": "2026-05-02 21:09:26.981+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 66, "frameworkName": "map-spatial" }, { "matchId": "8e7492e3-5a5d-42e8-a424-ce8ce46006fd", "evidence": "The slide frames the company's management narrative as misleading by contrasting it with the reality of asset depletion.", "framework": null, "confidence": 0.85, "extraction": { "at": "2026-05-02 21:09:27.561+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 67, "frameworkName": "antagonist-introduction" }, { "matchId": "37dae239-2281-4653-b122-c3e3f4bc5a2a", "evidence": "Geographic map used to establish location context.", "framework": null, "confidence": 1, "extraction": { "at": "2026-05-02 21:09:31.225+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, 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null, "confidence": 0.9, "extraction": { "at": "2026-05-02 21:09:28.826+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 81, "frameworkName": "authority-citation" }, { "matchId": "6aacfb35-c8e6-41af-8a55-dc561ee2d09a", "evidence": "Uses a legal deed as authoritative proof of transaction", "framework": null, "confidence": 0.9, "extraction": { "at": "2026-05-02 21:09:30.374+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 93, "frameworkName": "authority-citation" }, { "matchId": "7fb0cd0c-95cc-4fb8-9ec0-2262c45adaf9", "evidence": "Uses a legal document to substantiate a claim about a transaction.", "framework": null, "confidence": 0.9, "extraction": { "at": "2026-05-02 21:09:30.903+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 95, 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marketing messages.", "framework": null, "confidence": 0.8, "extraction": { "at": "2026-05-02 21:09:35.316+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 127, "frameworkName": "ceo-quote-contradiction" }, { "matchId": "a236a43c-0652-480b-965f-506b3a37ae3c", "evidence": "The slide presents a corporate quote and implies a contradiction through the context of the 'Deepwater Horizon Disaster' title.", "framework": null, "confidence": 0.85, "extraction": { "at": "2026-05-02 21:09:36.024+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 128, "frameworkName": "ceo-quote-contradiction" }, { "matchId": "10ad555a-9230-46f5-b93d-5f301b22b5c9", "evidence": "Contrasts 'bulls' perspective with 'reality'.", "framework": null, "confidence": 0.8, "extraction": { "at": "2026-05-02 21:09:35.744+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 138, "frameworkName": "comparison-frame" } ], "patterns": [] }, "storymakers": null, "score": null, "review": null, "activistThesis": { "tone": "adversarial", "notes": "Iconic Einhorn short presented at the Value Investing Congress, October 13, 2010 — title 'Field of Schemes: If You Build It, They Won't Come' plays on Field of Dreams. Distinctive Greenlight house style: black background, lime-green titles, and unusually rich evidentiary visuals (Google Earth overlays, county-recorder deeds, photo collages contrasting glamorous Hilton Head/Napa with ghost-town Port St. Joe). Document is a short thesis but schema lacks an 'overvaluation' enum — used 'fraud_exposure' (Einhorn questions why impairments have not been taken) plus 'other'. No explicit position size disclosed. Closing ask is implicit (short JOE) rather than a direct call-to-action slide.", "kpisCited": [ { "detail": "$24.54, market cap $2.27 billion, 92.7M shares", "metric": "Stock price (10/12/10)" }, { "detail": "577,000 as of Dec 2009, down from 1,086,780 in 1999", "metric": "Acres owned" }, { "detail": "$1,102 over the last 10 years", "metric": "Retained earnings + dividends per acre sold" }, { "detail": "Rural Land $724M; Real Estate Dev & Other -$99M (cumulative loss)", "metric": "10-year pretax profit composition" }, { "detail": "$74.5M on books vs ~$6M of observable lot value (185 lots @ $31,250)", "metric": "RiverTown carrying value vs market" }, { "detail": "$164.5M on books vs ~$17.8M of observable lot value", "metric": "WindMark carrying value vs market" }, { "detail": "RiverTown <5%, WindMark ~15%, WaterSound 43%; units sold 1% / 10% / 24% of plan", "metric": "Development build-out %" }, { "detail": "$50M/year that JOE says it won't reduce", "metric": "Annual operating spend" }, { "detail": "$650-950M or $7-10 per share", "metric": "Rural land valuation" }, { "detail": "35,000 acres × $60,000/acre = $2.1B (Greenlight argues prime parcels are inside the fence and not JOE's)", "metric": "Bull airport-land claim" } ], "closingAsk": "Recognize that JOE is fundamentally overvalued — the rural land is worth $7-10/share, the development premium is illusory, and further development will only destroy more value.", "extraction": { "at": "2026-04-22 16:11:43+00", "model": "unknown-legacy", "runId": null, "seconds": 199.60611, "promptVersion": null }, "scqaReward": "The rural land is worth $650-950 million, or $7-10 per share, against a $24.54 stock price — implying roughly 60-70% downside as the development premium collapses.", "thesisTypes": [ "fraud_exposure", "other" ], "top3Reasons": [ "JOE generated only $1,102 per acre over 10 years despite selling its best coastal land", "Major developments (RiverTown, WindMark, WaterSound) are <15% built and ghost towns", "Rural land is worth only $650-950M ($7-10/share) vs. $24.54 stock price" ], "scqaSituation": "St. Joe is a Florida land-holding company sold to investors as a development story, with 577,000 acres in the Panhandle and a new international airport positioned as the catalyst that will unlock billions of value.", "thesisSummary": "St. Joe Company owns 577,000 acres in Northwest Florida and has been sold to investors as a development story anchored by the new Northwest Florida Beaches International Airport. Greenlight argues this story is a 'Field of Schemes': over the past decade JOE generated only $1,102 per acre in retained earnings plus dividends, its flagship developments like RiverTown, WindMark and WaterSound are 5-15% built and should be impaired by hundreds of millions, and JOE's land sits 'outside the fence' of the new airport while the Airport Authority controls the prime parcels. Management is now distracted by Deepwater Horizon litigation hopes. The rural land is worth only $650-950M ($7-10/share) versus the $24.54 stock price, implying ~60-70% downside.", "primaryDemands": [ "JOE should take substantial impairments on its real estate carrying values", "JOE should stop wasting capital on further development", "JOE should retreat to its pre-Rummell roots as a rural land company" ], "scqaResolution": "Take substantial impairments, stop development spending, sell off the rural land base to fund overhead, and retreat to JOE's pre-Rummell identity as a rural land company rather than a developer.", "thesisOneLiner": "St. Joe's Florida real estate empire is a value trap: developments are ghost towns, the airport catalyst is a bust, and the land is worth $7-10/share, not $24.54.", "precedentsCited": [ "JOE's own Victoria Park sale (Dec 2009): $78.8M carrying value impaired to $11M sale", "JOE's Seven Shores impairment ($42M to $7M)", "JOE's St. Johns Golf Course impairment" ], "scqaComplication": "Over a decade of heavy development spending JOE earned just $1,102 per acre sold; 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Run extraction whenever the current title is a topic (Q3 performance, Customer satisfaction) rather than a claim, or when a reader could reasonably draw more than one conclusion from the visible evidence.", "confidence": 0.7, "extraction": { "at": "2026-07-16 22:50:11.341277+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 99, "whyItWorks": "Solves the two failure modes of slide writing simultaneously: the topic title (which outsources interpretation to the audience and produces three different conclusions in three different heads) and the multi-thesis stapler (which exceeds working memory and gets remembered as fragments). Aligns with how readers actually consume decks — Heath & Heath's Find the Core, the journalist's nut graf, and Minto's governing thought all converge on the same cognitive economics.", "antipattern": "Topic titles disguised as core messages (Customer satisfaction, no verb, no stake); multi-thesis sentences stapled with and; hedged sentences (may show signs of possible softening); chart-caption titles (Revenue fell 4%) that restate what the chart already shows instead of naming the so-what; meta-commentary (this slide explores...) that describes the slide rather than concluding it.", "cardinality": null, "narrativePurpose": "Forces the slide author to do the interpretive work before the slide ships, so the audience does not have to do it during the meeting. Wins the WYSIATI battle on purpose — the loudest fragment on the page becomes the author's chosen sentence rather than whichever chart label happens to be largest." }, { "tool": { "name": "Storytelling: audience calibration", "slug": "audience", "status": "active", "bestFor": null, "canonId": "019df269-23ea-723a-87c0-af1d78d702d2", "version": 1, "bodyDocId": "019df269-23c5-72ec-8b94-78fc1da7b656", "description": "The same thesis, written for four different audiences, produces four", "familyLabel": "narrative-block", "categoryName": "Narrative & Transformation", "categorySlug": "narrative-transformation" }, "agent": "storyteller", "layer": "slide", "agents": [ "storyteller" ], "matchId": "6fed47ad-79c9-4375-9c35-938ff9e530d7", "evidence": "The components mention specific data points such as 'SummerCamp is <16% sold' and 'Carrying value is $42 million', indicating an effort to calibrate the audience.", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-16 22:50:11.305847+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 99, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null } ], "frameworks": [], "arcBeats": [], "loops": [], "locked": true }, { "page": 100, "type": "setup", "function": "transition", "rawType": "section_divider", "block": null, "metadata": { "slideType": "section_divider", "slideTypeCanon": { "name": "Section divider", "slug": "section_divider", "status": "active", "canonId": "019de52d-066a-7402-9554-6ae504999041", "version": 1, "description": null }, "function": "transition", "functionCanon": { "name": "Transition", "slug": "transition", "status": "active", "canonId": "019de52d-1365-7149-92aa-66df859e75fd", "version": 1, "description": null }, "density": "sparse", "densityScore": 0, "componentCount": 1, "textChars": 8, "nDataPoints": 0, "notes": null, "elementsJson": [ "headline_text" ], "confidence": 1, "extraction": { "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "at": "2026-05-02 21:09:30.735+00", "seconds": 1.952, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019dd923-622b-71dc-a6da-e252246f3801/100", "deck": "/decks/019dd923-622b-71dc-a6da-e252246f3801", "deckAnchor": "/decks/019dd923-622b-71dc-a6da-e252246f3801#slide-100", "deckJson": "/decks/019dd923-622b-71dc-a6da-e252246f3801.json" }, "components": [ { "bbox": { "h": 0.07, "w": 0.32, "x": 0.34, "y": 0.465 }, "kind": "title", "text": "WindMark", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 21:09:30.735+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "35d22f7d-c86b-40e1-aa46-7fdf82cea654", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "Section divider", "slug": "section-divider", "status": "active", "bestFor": null, "canonId": "019dd9e1-4c66-707d-8d1f-6e14547134c7", "version": 1, "bodyDocId": null, "description": "A transitional slide marking the start of a new section.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "d27a3ebd-dac6-47f5-88c2-a02c9e81be32", "evidence": "The slide type is 'section_divider', which directly matches the 'section-divider' tool.", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.9, "extraction": { "at": "2026-07-16 22:50:11.407242+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 100, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null } ], "frameworks": [], "arcBeats": [], "loops": [], "locked": true }, { "page": 101, "type": "setup", "function": "establish_context", "rawType": "geographic_map", "block": null, "metadata": { "slideType": "geographic_map", "slideTypeCanon": { "name": "Geographic map", "slug": "geographic_map", "status": "active", "canonId": "019de52d-09de-7153-8845-584c1a9d0c83", "version": 1, "description": null }, "function": "establish_context", "functionCanon": { "name": "Establish context", "slug": "establish_context", "status": "active", "canonId": "019de52d-1314-74e6-9074-d213dc0bdcdf", "version": 1, "description": null }, "density": "sparse", "densityScore": 9, "componentCount": 3, "textChars": 29, "nDataPoints": 0, "notes": null, "elementsJson": [ "map" ], "confidence": 1, "extraction": { "model": 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null, "extraction": { "at": "2026-05-02 21:09:31.142+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "e898177c-c4bb-495c-a2b4-76351dfd96af", "parentComponentId": null }, { "bbox": { "h": 0.52, "w": 0.9, "x": 0.05, "y": 0.29 }, "kind": "image", "text": null, "attrs": null, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Map", "slug": "map", "status": "active", "canonId": "019de52c-fe4d-77bd-b0a4-d72d58b9e5a4", "version": 1, "description": null }, "framework": null }, "subkind": "map", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 21:09:31.142+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": 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This beachfront resort destination is planned to include approximately 1,662 units at full build-out, together with 75,000 square feet of commercial space. Construction to realign approximately four miles of U.S. Highway 98 away from the beachfront was completed in 2006. 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"Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 21:09:35.684+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "46118f2d-b1db-45d2-8da0-f739b10de397", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "locked": true } ], "arcBeats": [ { "from": 25, "to": 25, "label": "Problem Statement", "description": "JOE's land faces a competitive disadvantage due to its location outside the airport fence." }, { "from": 26, "to": 27, "label": "Expose Contradiction", "description": "JOE is proposing to re-lease the same land it gave away" }, { "from": 38, "to": 40, "label": "Complication", 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