{ "kind": "all", "value": "all", "collectionKey": "slides:all:all:all-document-kinds:all-producers:all-orientations", "filters": { "documentKinds": [], "sourceTypes": [], "orientations": [] }, "total": 319975, "page": 1946, "pageSize": 60, "pageCount": 5333, "rows": [ { "docId": "019dd923-622c-750b-8b95-e976ef3dfa16", "docSlug": "7f8b05d541c7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-21 00:00:00", "orientation": "portrait", "aspectRatio": 0.7070758, "pageNumber": 59, "slideType": "table_of_contents", "function": "front_matter", "notes": "Page number 58 at bottom right.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-e976ef3dfa16/59", "deckHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16#slide-59", "loopMatches": [], "arcBeatMatches": [ { "to": 80, "from": 41, "beatId": "29e6e8fd-ab15-4d8a-95c6-622df5c9ca54", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "The report concludes with a summary of findings and potential implications", "position": 3, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-e976ef3dfa16", "docSlug": "7f8b05d541c7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-21 00:00:00", "orientation": "portrait", "aspectRatio": 0.7070758, "pageNumber": 60, "slideType": "appendix", "function": "appendix", "notes": "Page 59 of a legal document or research note.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-e976ef3dfa16/60", "deckHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16#slide-60", "loopMatches": [], "arcBeatMatches": [ { "to": 80, "from": 41, "beatId": "29e6e8fd-ab15-4d8a-95c6-622df5c9ca54", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "The report concludes with a summary of findings and potential implications", "position": 3, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-e976ef3dfa16", "docSlug": "7f8b05d541c7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-21 00:00:00", "orientation": "portrait", "aspectRatio": 0.7070758, "pageNumber": 61, "slideType": "appendix", "function": "other", "notes": "This appears to be a page from a legal contract or joint venture agreement.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-e976ef3dfa16/61", "deckHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16#slide-61", "loopMatches": [], "arcBeatMatches": [ { "to": 80, "from": 41, "beatId": "29e6e8fd-ab15-4d8a-95c6-622df5c9ca54", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "The report concludes with a summary of findings and potential implications", "position": 3, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-e976ef3dfa16", "docSlug": "7f8b05d541c7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-21 00:00:00", "orientation": "portrait", "aspectRatio": 0.7070758, "pageNumber": 62, "slideType": "appendix", "function": "other", "notes": "Page 61 of a legal contract or research note.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-e976ef3dfa16/62", "deckHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16#slide-62", "loopMatches": [], "arcBeatMatches": [ { "to": 80, "from": 41, "beatId": "29e6e8fd-ab15-4d8a-95c6-622df5c9ca54", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "The report concludes with a summary of findings and potential implications", "position": 3, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-e976ef3dfa16", "docSlug": "7f8b05d541c7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-21 00:00:00", "orientation": "portrait", "aspectRatio": 0.7070758, "pageNumber": 63, "slideType": "appendix", "function": "appendix", "notes": "Page 62 of a legal document or research note containing contractual clauses.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-e976ef3dfa16/63", "deckHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16#slide-63", "loopMatches": [], "arcBeatMatches": [ { "to": 80, "from": 41, "beatId": "29e6e8fd-ab15-4d8a-95c6-622df5c9ca54", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "The report concludes with a summary of findings and potential implications", "position": 3, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-e976ef3dfa16", "docSlug": "7f8b05d541c7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-21 00:00:00", "orientation": "portrait", "aspectRatio": 0.7070758, "pageNumber": 64, "slideType": "appendix", "function": "appendix", "notes": "Page 63 of a legal contract document.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-e976ef3dfa16/64", "deckHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16#slide-64", "loopMatches": [], "arcBeatMatches": [ { "to": 80, "from": 41, "beatId": "29e6e8fd-ab15-4d8a-95c6-622df5c9ca54", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "The report concludes with a summary of findings and potential implications", "position": 3, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-e976ef3dfa16", "docSlug": "7f8b05d541c7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-21 00:00:00", "orientation": "portrait", "aspectRatio": 0.7070758, "pageNumber": 65, "slideType": "appendix_disclosure", "function": "other", "notes": "Page 64 of a legal document or contract.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-e976ef3dfa16/65", "deckHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16#slide-65", "loopMatches": [], "arcBeatMatches": [ { "to": 80, "from": 41, "beatId": "29e6e8fd-ab15-4d8a-95c6-622df5c9ca54", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "The report concludes with a summary of findings and potential implications", "position": 3, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-e976ef3dfa16", "docSlug": "7f8b05d541c7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-21 00:00:00", "orientation": "portrait", "aspectRatio": 0.7070758, "pageNumber": 66, "slideType": "appendix", "function": "appendix", "notes": "Page 65 of a legal agreement.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-e976ef3dfa16/66", "deckHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16#slide-66", "loopMatches": [], "arcBeatMatches": [ { "to": 80, "from": 41, "beatId": "29e6e8fd-ab15-4d8a-95c6-622df5c9ca54", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "The report concludes with a summary of findings and potential implications", "position": 3, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-e976ef3dfa16", "docSlug": "7f8b05d541c7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-21 00:00:00", "orientation": "portrait", "aspectRatio": 0.7070758, "pageNumber": 67, "slideType": "appendix", "function": "appendix", "notes": "This appears to be a page from a legal contract document.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-e976ef3dfa16/67", "deckHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16#slide-67", "loopMatches": [], "arcBeatMatches": [ { "to": 80, "from": 41, "beatId": "29e6e8fd-ab15-4d8a-95c6-622df5c9ca54", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "The report concludes with a summary of findings and potential implications", "position": 3, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-e976ef3dfa16", "docSlug": "7f8b05d541c7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-21 00:00:00", "orientation": "portrait", "aspectRatio": 0.7070758, "pageNumber": 68, "slideType": "appendix", "function": "appendix", "notes": "Page 67 of a larger document.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-e976ef3dfa16/68", "deckHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16#slide-68", "loopMatches": [], "arcBeatMatches": [ { "to": 80, "from": 41, "beatId": "29e6e8fd-ab15-4d8a-95c6-622df5c9ca54", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "The report concludes with a summary of findings and potential implications", "position": 3, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-e976ef3dfa16", "docSlug": "7f8b05d541c7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-21 00:00:00", "orientation": "portrait", "aspectRatio": 0.7070758, "pageNumber": 69, "slideType": "cover", "function": "front_matter", "notes": "The document appears to be a legal contract cover page with a stamp in the top left corner and a page number 68 in the bottom right.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-e976ef3dfa16/69", "deckHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16#slide-69", "loopMatches": [], "arcBeatMatches": [ { "to": 80, "from": 41, "beatId": "29e6e8fd-ab15-4d8a-95c6-622df5c9ca54", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "The report concludes with a summary of findings and potential implications", "position": 3, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-e976ef3dfa16", "docSlug": "7f8b05d541c7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-21 00:00:00", "orientation": "portrait", "aspectRatio": 0.7070758, "pageNumber": 70, "slideType": "table_of_contents", "function": "front_matter", "notes": "The document appears to be a joint venture or cooperation agreement between Japanese and Chinese entities.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-e976ef3dfa16/70", "deckHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16#slide-70", "loopMatches": [], "arcBeatMatches": [ { "to": 80, "from": 41, "beatId": "29e6e8fd-ab15-4d8a-95c6-622df5c9ca54", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "The report concludes with a summary of findings and potential implications", "position": 3, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-e976ef3dfa16", "docSlug": "7f8b05d541c7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-21 00:00:00", "orientation": "portrait", "aspectRatio": 0.7070758, "pageNumber": 71, "slideType": "appendix", "function": "other", "notes": "Page 4 of a legal document, likely an acquisition or service agreement.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-e976ef3dfa16/71", "deckHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16#slide-71", "loopMatches": [], "arcBeatMatches": [ { "to": 80, "from": 41, "beatId": "29e6e8fd-ab15-4d8a-95c6-622df5c9ca54", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "The report concludes with a summary of findings and potential implications", "position": 3, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-e976ef3dfa16", "docSlug": "7f8b05d541c7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-21 00:00:00", "orientation": "portrait", "aspectRatio": 0.7070758, "pageNumber": 72, "slideType": "appendix", "function": "appendix", "notes": "Page 6 of a legal agreement, containing sections 8 through 12.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-e976ef3dfa16/72", "deckHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16#slide-72", "loopMatches": [], "arcBeatMatches": [ { "to": 80, "from": 41, "beatId": "29e6e8fd-ab15-4d8a-95c6-622df5c9ca54", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "The report concludes with a summary of findings and potential implications", "position": 3, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-e976ef3dfa16", "docSlug": "7f8b05d541c7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-21 00:00:00", "orientation": "portrait", "aspectRatio": 0.7070758, "pageNumber": 73, "slideType": "appendix", "function": "appendix", "notes": "Page 72 of a legal document or contract.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-e976ef3dfa16/73", "deckHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16#slide-73", "loopMatches": [], "arcBeatMatches": [ { "to": 80, "from": 41, "beatId": "29e6e8fd-ab15-4d8a-95c6-622df5c9ca54", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "The report concludes with a summary of findings and potential implications", "position": 3, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-e976ef3dfa16", "docSlug": "7f8b05d541c7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-21 00:00:00", "orientation": "portrait", "aspectRatio": 0.7070758, "pageNumber": 74, "slideType": "appendix_disclosure", "function": "other", "notes": "Contains signatures for '株式会社电通' (Dentsu Inc.) and '华光广告有限公司' (Huaguang Advertising Co., Ltd.) dated 2010-10-22.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-e976ef3dfa16/74", "deckHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16#slide-74", "loopMatches": [], "arcBeatMatches": [ { "to": 80, "from": 41, "beatId": "29e6e8fd-ab15-4d8a-95c6-622df5c9ca54", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "The report concludes with a summary of findings and potential implications", "position": 3, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-e976ef3dfa16", "docSlug": "7f8b05d541c7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-21 00:00:00", "orientation": "portrait", "aspectRatio": 0.7070758, "pageNumber": 75, "slideType": "appendix_disclosure", "function": "cite_precedent", "notes": "This is a legal document excerpt detailing contract terms, payment schedules, and dispute resolution clauses.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-e976ef3dfa16/75", "deckHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16#slide-75", "loopMatches": [], "arcBeatMatches": [ { "to": 80, "from": 41, "beatId": "29e6e8fd-ab15-4d8a-95c6-622df5c9ca54", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "The report concludes with a summary of findings and potential implications", "position": 3, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-e976ef3dfa16", "docSlug": "7f8b05d541c7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-21 00:00:00", "orientation": "portrait", "aspectRatio": 0.7070758, "pageNumber": 76, "slideType": "cite_precedent", "function": "cite_precedent", "notes": "The text describes a specific legal case involving PRC Contract Law, specifically referencing Article 67.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-e976ef3dfa16/76", "deckHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16#slide-76", "loopMatches": [], "arcBeatMatches": [ { "to": 80, "from": 41, "beatId": "29e6e8fd-ab15-4d8a-95c6-622df5c9ca54", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "The report concludes with a summary of findings and potential implications", "position": 3, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-e976ef3dfa16", "docSlug": "7f8b05d541c7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-21 00:00:00", "orientation": "portrait", "aspectRatio": 0.7070758, "pageNumber": 77, "slideType": "other", "function": "summarize", "notes": "This appears to be a page from a legal research note or case study document.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-e976ef3dfa16/77", "deckHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16#slide-77", "loopMatches": [], "arcBeatMatches": [ { "to": 80, "from": 41, "beatId": "29e6e8fd-ab15-4d8a-95c6-622df5c9ca54", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "The report concludes with a summary of findings and potential implications", "position": 3, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-e976ef3dfa16", "docSlug": "7f8b05d541c7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-21 00:00:00", "orientation": "portrait", "aspectRatio": 0.7070758, "pageNumber": 78, "slideType": "cite_precedent", "function": "cite_precedent", "notes": "Page 77 of a legal document or research note.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-e976ef3dfa16/78", "deckHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16#slide-78", "loopMatches": [], "arcBeatMatches": [ { "to": 80, "from": 41, "beatId": "29e6e8fd-ab15-4d8a-95c6-622df5c9ca54", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "The report concludes with a summary of findings and potential implications", "position": 3, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-e976ef3dfa16", "docSlug": "7f8b05d541c7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-21 00:00:00", "orientation": "portrait", "aspectRatio": 0.7070758, "pageNumber": 79, "slideType": "appendix", "function": "appendix", "notes": "The slide appears to be a scan of a legal document page, likely from a larger research report or legal brief.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-e976ef3dfa16/79", "deckHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16#slide-79", "loopMatches": [], "arcBeatMatches": [ { "to": 80, "from": 41, "beatId": "29e6e8fd-ab15-4d8a-95c6-622df5c9ca54", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "The report concludes with a summary of findings and potential implications", "position": 3, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-e976ef3dfa16", "docSlug": "7f8b05d541c7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-21 00:00:00", "orientation": "portrait", "aspectRatio": 0.7070758, "pageNumber": 80, "slideType": "appendix_data", "function": "analyze_data", "notes": "The slide presents financial data related to corporate acquisitions and subsequent disposals, highlighting significant losses.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-e976ef3dfa16/80", "deckHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-e976ef3dfa16#slide-80", "loopMatches": [], "arcBeatMatches": [ { "to": 80, "from": 41, "beatId": "29e6e8fd-ab15-4d8a-95c6-622df5c9ca54", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "The report concludes with a summary of findings and potential implications", "position": 3, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-ec74aa763d31", "docSlug": "8ca84392a2b7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-29 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 1, "slideType": "disclaimer", "function": "front_matter", "notes": "Includes a formal legal disclaimer and an introduction section summarizing the firm's stance on FMCN's response to previous reports.", "imagePath": "https://imgproxy.kitesheet.com/lePcVLKfy7fLfu_11y0iHuZnWnO5P9xBR_s-Owp1Kvo/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy84Y2E4NDM5MmEyYjcvcDAwMS5wbmc", "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-ec74aa763d31/1", "deckHref": "/decks/019dd923-622c-750b-8b95-ec74aa763d31", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-ec74aa763d31#slide-1", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": "https://imgproxy.kitesheet.com/jrOlYpPwgJJ9sy_Ie8o0jK1kryQMQatKBmyySBfTWg4/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy84Y2E4NDM5MmEyYjcvcDAwMS5qcGc", "thumbSrc": "https://imgproxy.kitesheet.com/350fIWp0q5-T1BqsaIgVMJlttcG4aDeuwp5TCX-onRk/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy84Y2E4NDM5MmEyYjcvcDAwMS5wbmc", "thumbSrcAlt": "https://imgproxy.kitesheet.com/ojpp2XN_6ocRa2h3OB3nOwvfofMXTqDLZ83-ItHqpm8/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy84Y2E4NDM5MmEyYjcvcDAwMS5qcGc" }, { "docId": "019dd923-622c-750b-8b95-ec74aa763d31", "docSlug": "8ca84392a2b7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-29 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 2, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "This is a text-heavy research note page focusing on forensic accounting and corporate governance concerns.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-ec74aa763d31/2", "deckHref": "/decks/019dd923-622c-750b-8b95-ec74aa763d31", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-ec74aa763d31#slide-2", "loopMatches": [], "arcBeatMatches": [ { "to": 5, "from": 2, "beatId": "fdc41b39-eed0-4cf0-a23b-4f967ee8316d", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document presents multiple examples of alleged contradictions in FMCN's financial reporting and governance practices.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-ec74aa763d31", "docSlug": "8ca84392a2b7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-29 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 3, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a table to highlight the discrepancy between FMCN's reported figures and external industry reports, specifically calling out a 1,758.2% market share claim.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-ec74aa763d31/3", "deckHref": "/decks/019dd923-622c-750b-8b95-ec74aa763d31", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-ec74aa763d31#slide-3", "loopMatches": [], "arcBeatMatches": [ { "to": 5, "from": 2, "beatId": "fdc41b39-eed0-4cf0-a23b-4f967ee8316d", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document presents multiple examples of alleged contradictions in FMCN's financial reporting and governance practices.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-ec74aa763d31", "docSlug": "8ca84392a2b7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-29 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 4, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "This is a research note from a Muddy Waters short report on FMCN.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-ec74aa763d31/4", "deckHref": "/decks/019dd923-622c-750b-8b95-ec74aa763d31", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-ec74aa763d31#slide-4", "loopMatches": [], "arcBeatMatches": [ { "to": 5, "from": 2, "beatId": "fdc41b39-eed0-4cf0-a23b-4f967ee8316d", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document presents multiple examples of alleged contradictions in FMCN's financial reporting and governance practices.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-ec74aa763d31", "docSlug": "8ca84392a2b7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-29 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 5, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "This is a page from a research note (likely a short-seller report) analyzing FMCN's financial disclosures.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-ec74aa763d31/5", "deckHref": "/decks/019dd923-622c-750b-8b95-ec74aa763d31", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-ec74aa763d31#slide-5", "loopMatches": [], "arcBeatMatches": [ { "to": 5, "from": 2, "beatId": "fdc41b39-eed0-4cf0-a23b-4f967ee8316d", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document presents multiple examples of alleged contradictions in FMCN's financial reporting and governance practices.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-ec74aa763d31", "docSlug": "8ca84392a2b7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-29 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 6, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a series of numbered arguments (VI, VII, VIII) to systematically dismantle corporate defenses.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-ec74aa763d31/6", "deckHref": "/decks/019dd923-622c-750b-8b95-ec74aa763d31", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-ec74aa763d31#slide-6", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-ec74aa763d31", "docSlug": "8ca84392a2b7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-29 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 7, "slideType": "other", "function": "diagnose_problem", "notes": "The slide is primarily text-based, serving as a transition or context-setting page for a diagram mentioned in the text.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-ec74aa763d31/7", "deckHref": "/decks/019dd923-622c-750b-8b95-ec74aa763d31", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-ec74aa763d31#slide-7", "loopMatches": [], "arcBeatMatches": [ { "to": 7, "from": 7, "beatId": "09997d19-5c30-40e5-8994-74b52e5d707b", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Other", "beatSlug": null, "evidence": "The document includes a diagram showing the deep entanglement of FMCN board members with one another.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-ec74aa763d31", "docSlug": "8ca84392a2b7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-29 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 8, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The diagram uses a complex node-link structure to show conflicts of interest, investments, and board memberships.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-ec74aa763d31/8", "deckHref": "/decks/019dd923-622c-750b-8b95-ec74aa763d31", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-ec74aa763d31#slide-8", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-ec74aa763d31", "docSlug": "8ca84392a2b7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-29 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 9, "slideType": "appendix_data", "function": "appendix", "notes": "The slide provides primary source evidence for network sizing metrics.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-ec74aa763d31/9", "deckHref": "/decks/019dd923-622c-750b-8b95-ec74aa763d31", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-ec74aa763d31#slide-9", "loopMatches": [], "arcBeatMatches": [ { "to": 9, "from": 9, "beatId": "58ca0fee-b85d-40fb-9cd1-eaac592f89ce", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Appendix Data", "beatSlug": null, "evidence": "The document includes an appendix with expanded conversation excerpts.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-ec74aa763d31", "docSlug": "8ca84392a2b7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-29 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 10, "slideType": "other", "function": "other", "notes": "The slide is a verbatim transcript formatted as a dialogue table.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-ec74aa763d31/10", "deckHref": "/decks/019dd923-622c-750b-8b95-ec74aa763d31", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-ec74aa763d31#slide-10", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-ec74aa763d31", "docSlug": "8ca84392a2b7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-29 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 11, "slideType": "other", "function": "summarize", "notes": "The slide presents a dialogue confirming that the data (93,000 locations, 110,000 screens) is current as of two weeks prior.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-ec74aa763d31/11", "deckHref": "/decks/019dd923-622c-750b-8b95-ec74aa763d31", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-ec74aa763d31#slide-11", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-ec74aa763d31", "docSlug": "8ca84392a2b7", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-11-29 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 12, "slideType": "appendix_data", "function": "appendix", "notes": "The table is labeled 'Table 1-14' and provides historical data on cinema infrastructure.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-ec74aa763d31/12", "deckHref": "/decks/019dd923-622c-750b-8b95-ec74aa763d31", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-ec74aa763d31#slide-12", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-f4786468e639", "docSlug": "2c59d5d27b43", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2012-02-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 1, "slideType": "executive_summary", "function": "expose_contradiction", "notes": "Short position disclosure included at the top.", "imagePath": "https://imgproxy.kitesheet.com/3XhA3X0oo6kE902h6PAIyNeJ_Wja3KqWBKPQScuH4uI/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8yYzU5ZDVkMjdiNDMvcDAwMS5wbmc", "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-f4786468e639/1", "deckHref": "/decks/019dd923-622c-750b-8b95-f4786468e639", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-f4786468e639#slide-1", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": "https://imgproxy.kitesheet.com/no0Ro3SiAKh_6FkHZnQP175zrM4lisC1ItiIkD6d0Kc/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8yYzU5ZDVkMjdiNDMvcDAwMS5qcGc", "thumbSrc": "https://imgproxy.kitesheet.com/dK4NStUX0jBP-si_1X-PxWJ7WsJM7ijZjB0ZnBEOgNQ/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8yYzU5ZDVkMjdiNDMvcDAwMS5wbmc", "thumbSrcAlt": "https://imgproxy.kitesheet.com/iaNPzcSZCFt5xmvHpK6cb8hKRkDC4I5endk-gXoTSkI/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8yYzU5ZDVkMjdiNDMvcDAwMS5qcGc" }, { "docId": "019dd923-622c-750b-8b95-f4786468e639", "docSlug": "2c59d5d27b43", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2012-02-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 2, "slideType": "villain_critique", "function": "expose_contradiction", "notes": "The slide uses a sarcastic tone to highlight management's deception, referencing specific past fraudulent behaviors.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-f4786468e639/2", "deckHref": "/decks/019dd923-622c-750b-8b95-f4786468e639", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-f4786468e639#slide-2", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-f4786468e639", "docSlug": "2c59d5d27b43", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2012-02-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 3, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "This is a page from a Muddy Waters research note exposing corporate fraud.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-f4786468e639/3", "deckHref": "/decks/019dd923-622c-750b-8b95-f4786468e639", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-f4786468e639#slide-3", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-f4786468e639", "docSlug": "2c59d5d27b43", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2012-02-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 4, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a literary metaphor to highlight corporate deception regarding product definitions.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-f4786468e639/4", "deckHref": "/decks/019dd923-622c-750b-8b95-f4786468e639", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-f4786468e639#slide-4", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-f4786468e639", "docSlug": "2c59d5d27b43", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2012-02-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 5, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "This is a page from a short-seller research report (Muddy Waters) attacking Focus Media (FMCN).", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-f4786468e639/5", "deckHref": "/decks/019dd923-622c-750b-8b95-f4786468e639", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-f4786468e639#slide-5", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-f4786468e639", "docSlug": "2c59d5d27b43", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2012-02-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 6, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The text uses a sarcastic tone to dismantle management's 'revisionist' explanation of their theater count methodology.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-f4786468e639/6", "deckHref": "/decks/019dd923-622c-750b-8b95-f4786468e639", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-f4786468e639#slide-6", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-f4786468e639", "docSlug": "2c59d5d27b43", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2012-02-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 7, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "This is a research note page focusing on forensic accounting and skepticism of management disclosures.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-f4786468e639/7", "deckHref": "/decks/019dd923-622c-750b-8b95-f4786468e639", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-f4786468e639#slide-7", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-f4786468e639", "docSlug": "2c59d5d27b43", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2012-02-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 8, "slideType": "appendix_disclosure", "function": "expose_contradiction", "notes": "The slide uses a sarcastic tone to undermine management's integrity, citing an external contributor (Matt Berry) to validate the claim of deceptive practices.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-f4786468e639/8", "deckHref": "/decks/019dd923-622c-750b-8b95-f4786468e639", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-f4786468e639#slide-8", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-f4786468e639", "docSlug": "2c59d5d27b43", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2012-02-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 9, "slideType": "disclaimer", "function": "other", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-f4786468e639/9", "deckHref": "/decks/019dd923-622c-750b-8b95-f4786468e639", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-f4786468e639#slide-9", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-f2d534229361", "docSlug": "be158128498b", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2012-01-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 1, "slideType": "executive_summary", "function": "expose_contradiction", "notes": "This is a short-seller research report by Muddy Waters LLC. It uses the Olympus scandal as a precedent for corporate fraud.", "imagePath": "https://imgproxy.kitesheet.com/YRgfPpV1I1dmQaFsNJYV-4hftzGJAK-L2WS3leGJ-PY/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9iZTE1ODEyODQ5OGIvcDAwMS5wbmc", "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-f2d534229361/1", "deckHref": "/decks/019dd923-622c-750b-8b95-f2d534229361", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-f2d534229361#slide-1", "loopMatches": [], "arcBeatMatches": [ { "to": 1, "from": 1, "beatId": "00b451c4-ec88-4f84-907b-a31d9b12cf6d", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Call", "beatSlug": "overcoming-monster-the-call", "evidence": "The executive summary poses a question about FMCN's acquisition", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": "https://imgproxy.kitesheet.com/35zsIxC853IbXm5R3b2gsq_oYHcxhlRUIBVeoVH-8qo/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9iZTE1ODEyODQ5OGIvcDAwMS5qcGc", "thumbSrc": "https://imgproxy.kitesheet.com/zFQ0s8DOEyPCynh2_eKC2Qr_KdfXyJvHKDcaK7DsV28/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9iZTE1ODEyODQ5OGIvcDAwMS5wbmc", "thumbSrcAlt": "https://imgproxy.kitesheet.com/AXLNNUUx6W7WzRed0WoYY_yBncgSHUPjk0Y9MHaVfJ0/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9iZTE1ODEyODQ5OGIvcDAwMS5qcGc" }, { "docId": "019dd923-622c-750b-8b95-f2d534229361", "docSlug": "be158128498b", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2012-01-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 2, "slideType": "other", "function": "expose_contradiction", "notes": "The slide uses investigative reporting to cast doubt on the legitimacy of an acquisition target.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-f2d534229361/2", "deckHref": "/decks/019dd923-622c-750b-8b95-f2d534229361", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-f2d534229361#slide-2", "loopMatches": [], "arcBeatMatches": [ { "to": 2, "from": 2, "beatId": "e60f7473-fdd1-4bc2-98a9-717dc83a5ff4", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Monster", "beatSlug": "overcoming-monster-the-monster", "evidence": "The ginseng plantation acquisition history is presented", "position": 1, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-f2d534229361", "docSlug": "be158128498b", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2012-01-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 3, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a narrative structure to raise red flags about a potential shell company transaction.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-f2d534229361/3", "deckHref": "/decks/019dd923-622c-750b-8b95-f2d534229361", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-f2d534229361#slide-3", "loopMatches": [ { "to": 3, "from": 3, "name": "The Reveal", "slug": "05-the-reveal", "bestFor": "Product launches, strategic pivots, unexpected findings", "matchId": "60a00d5a-0a35-46b7-bcb6-cc4f2f0fea46", "evidence": "The document reveals new information about the acquisition", "position": 0, "objective": "Expose the contradiction in the acquisition", "structure": "Setup the Question -> Build Suspense -> The Big Reveal", "confidence": 0.8, "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion" } ], "arcBeatMatches": [ { "to": 3, "from": 3, "beatId": "5b06f216-4767-4731-87a2-4fe1c9083edd", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Struggle", "beatSlug": "overcoming-monster-the-struggle", "evidence": "A contradiction in the acquisition is exposed", "position": 2, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-f2d534229361", "docSlug": "be158128498b", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Carson Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2012-01-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 4, "slideType": "appendix_disclosure", "function": "other", "notes": "This is a standard Muddy Waters short-seller research note disclosure page.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-f2d534229361/4", "deckHref": "/decks/019dd923-622c-750b-8b95-f2d534229361", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-f2d534229361#slide-4", "loopMatches": [], "arcBeatMatches": [ { "to": 4, "from": 4, "beatId": "3c25229d-c0a8-4280-bafc-1c34907fbc5b", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "A disclaimer is provided, potentially resolving the issue", "position": 3, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-fadcd74692d3", "docSlug": "37215fe80674", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters, LLC", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-12-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 1, "slideType": "executive_summary", "function": "expose_contradiction", "notes": "The slide uses a provocative, satirical tone to frame the credibility of third-party auditors in China.", "imagePath": "https://imgproxy.kitesheet.com/mh7A9ql9SOliyU4Ert3CpLzGExoWFRd1kErmC_bSajA/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8zNzIxNWZlODA2NzQvcDAwMS5wbmc", "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-fadcd74692d3/1", "deckHref": "/decks/019dd923-622c-750b-8b95-fadcd74692d3", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-fadcd74692d3#slide-1", "loopMatches": [ { "to": 12, "from": 1, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "755891c9-717e-46ed-a629-a30601c3ecd3", "evidence": "The document implies that investors who ignore these issues may be at risk", "position": 1, "objective": "To highlight the cost of inaction for investors who fail to consider these inconsistencies", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 2, "from": 1, "beatId": "b4fdc310-a128-435f-a8bc-0b2926e0e653", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The executive summary and first expose contradiction slides set up the problem", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": "https://imgproxy.kitesheet.com/GWGB9l6VotHW29d3NT0fhjNFPzRtgGsBkwG3K28i-dc/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8zNzIxNWZlODA2NzQvcDAwMS5qcGc", "thumbSrc": "https://imgproxy.kitesheet.com/3oZfaI7niT4rgNqRkwkUbNuX78MbcuYS32m66sbV5xc/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8zNzIxNWZlODA2NzQvcDAwMS5wbmc", "thumbSrcAlt": "https://imgproxy.kitesheet.com/3VqG_w7ljvEAn-qgzbv0WArI0Ly7vfO7OePG89KZfWY/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8zNzIxNWZlODA2NzQvcDAwMS5qcGc" }, { "docId": "019dd923-622c-750b-8b95-fadcd74692d3", "docSlug": "37215fe80674", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters, LLC", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-12-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 2, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "This is a page from a short-seller research report (likely Muddy Waters or similar) exposing fraudulent practices in Chinese companies listed in the US.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-fadcd74692d3/2", "deckHref": "/decks/019dd923-622c-750b-8b95-fadcd74692d3", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-fadcd74692d3#slide-2", "loopMatches": [ { "to": 10, "from": 2, "name": "Pattern Hunter", "slug": "02-pattern-hunter", "bestFor": "Time-pressed audiences, building consensus, when data is strong", "matchId": "49cb65d2-016a-47c9-979b-3d7bf5439447", "evidence": "The repeated expose contradiction slides build a case for a pattern of inconsistencies", "position": 0, "objective": "To identify a pattern of inconsistencies in FMCN's verification", "structure": "Evidence A -> Evidence B -> Evidence C -> Pattern/Conclusion", "confidence": 0.7, "description": "Group multiple pieces of evidence that together point to a pattern or conclusion" }, { "to": 12, "from": 1, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "755891c9-717e-46ed-a629-a30601c3ecd3", "evidence": "The document implies that investors who ignore these issues may be at risk", "position": 1, "objective": "To highlight the cost of inaction for investors who fail to consider these inconsistencies", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 2, "from": 1, "beatId": "b4fdc310-a128-435f-a8bc-0b2926e0e653", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The executive summary and first expose contradiction slides set up the problem", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-fadcd74692d3", "docSlug": "37215fe80674", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters, LLC", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-12-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 3, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "This is a page from a short-seller research report (Muddy Waters) exposing fraudulent practices in Chinese companies.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-fadcd74692d3/3", "deckHref": "/decks/019dd923-622c-750b-8b95-fadcd74692d3", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-fadcd74692d3#slide-3", "loopMatches": [ { "to": 10, "from": 2, "name": "Pattern Hunter", "slug": "02-pattern-hunter", "bestFor": "Time-pressed audiences, building consensus, when data is strong", "matchId": "49cb65d2-016a-47c9-979b-3d7bf5439447", "evidence": "The repeated expose contradiction slides build a case for a pattern of inconsistencies", "position": 0, "objective": "To identify a pattern of inconsistencies in FMCN's verification", "structure": "Evidence A -> Evidence B -> Evidence C -> Pattern/Conclusion", "confidence": 0.7, "description": "Group multiple pieces of evidence that together point to a pattern or conclusion" }, { "to": 12, "from": 1, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "755891c9-717e-46ed-a629-a30601c3ecd3", "evidence": "The document implies that investors who ignore these issues may be at risk", "position": 1, "objective": "To highlight the cost of inaction for investors who fail to consider these inconsistencies", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 10, "from": 3, "beatId": "25f66109-4654-4375-bbee-030604a8b3dd", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The multiple expose contradiction slides agitate the problem by presenting more evidence of inconsistencies", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-fadcd74692d3", "docSlug": "37215fe80674", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters, LLC", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-12-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 4, "slideType": "appendix_methodology", "function": "analyze_data", "notes": "The slide is part of a critical research note questioning the reliability of data provided by companies commissioned by FMCN.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-fadcd74692d3/4", "deckHref": "/decks/019dd923-622c-750b-8b95-fadcd74692d3", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-fadcd74692d3#slide-4", "loopMatches": [ { "to": 10, "from": 2, "name": "Pattern Hunter", "slug": "02-pattern-hunter", "bestFor": "Time-pressed audiences, building consensus, when data is strong", "matchId": "49cb65d2-016a-47c9-979b-3d7bf5439447", "evidence": "The repeated expose contradiction slides build a case for a pattern of inconsistencies", "position": 0, "objective": "To identify a pattern of inconsistencies in FMCN's verification", "structure": "Evidence A -> Evidence B -> Evidence C -> Pattern/Conclusion", "confidence": 0.7, "description": "Group multiple pieces of evidence that together point to a pattern or conclusion" }, { "to": 12, "from": 1, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "755891c9-717e-46ed-a629-a30601c3ecd3", "evidence": "The document implies that investors who ignore these issues may be at risk", "position": 1, "objective": "To highlight the cost of inaction for investors who fail to consider these inconsistencies", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 10, "from": 3, "beatId": "25f66109-4654-4375-bbee-030604a8b3dd", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The multiple expose contradiction slides agitate the problem by presenting more evidence of inconsistencies", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-fadcd74692d3", "docSlug": "37215fe80674", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters, LLC", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-12-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 5, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a table of data attributed to CTR to highlight inflated figures, followed by text debunking the claims.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-fadcd74692d3/5", "deckHref": "/decks/019dd923-622c-750b-8b95-fadcd74692d3", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-fadcd74692d3#slide-5", "loopMatches": [ { "to": 10, "from": 2, "name": "Pattern Hunter", "slug": "02-pattern-hunter", "bestFor": "Time-pressed audiences, building consensus, when data is strong", "matchId": "49cb65d2-016a-47c9-979b-3d7bf5439447", "evidence": "The repeated expose contradiction slides build a case for a pattern of inconsistencies", "position": 0, "objective": "To identify a pattern of inconsistencies in FMCN's verification", "structure": "Evidence A -> Evidence B -> Evidence C -> Pattern/Conclusion", "confidence": 0.7, "description": "Group multiple pieces of evidence that together point to a pattern or conclusion" }, { "to": 12, "from": 1, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "755891c9-717e-46ed-a629-a30601c3ecd3", "evidence": "The document implies that investors who ignore these issues may be at risk", "position": 1, "objective": "To highlight the cost of inaction for investors who fail to consider these inconsistencies", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 10, "from": 3, "beatId": "25f66109-4654-4375-bbee-030604a8b3dd", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The multiple expose contradiction slides agitate the problem by presenting more evidence of inconsistencies", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-fadcd74692d3", "docSlug": "37215fe80674", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters, LLC", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-12-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 6, "slideType": "appendix_data", "function": "analyze_data", "notes": "The slide presents two distinct data tables for two different bus operators, showing passenger counts segmented by travel duration.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-fadcd74692d3/6", "deckHref": "/decks/019dd923-622c-750b-8b95-fadcd74692d3", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-fadcd74692d3#slide-6", "loopMatches": [ { "to": 10, "from": 2, "name": "Pattern Hunter", "slug": "02-pattern-hunter", "bestFor": "Time-pressed audiences, building consensus, when data is strong", "matchId": "49cb65d2-016a-47c9-979b-3d7bf5439447", "evidence": "The repeated expose contradiction slides build a case for a pattern of inconsistencies", "position": 0, "objective": "To identify a pattern of inconsistencies in FMCN's verification", "structure": "Evidence A -> Evidence B -> Evidence C -> Pattern/Conclusion", "confidence": 0.7, "description": "Group multiple pieces of evidence that together point to a pattern or conclusion" }, { "to": 12, "from": 1, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "755891c9-717e-46ed-a629-a30601c3ecd3", "evidence": "The document implies that investors who ignore these issues may be at risk", "position": 1, "objective": "To highlight the cost of inaction for investors who fail to consider these inconsistencies", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 10, "from": 3, "beatId": "25f66109-4654-4375-bbee-030604a8b3dd", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The multiple expose contradiction slides agitate the problem by presenting more evidence of inconsistencies", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-fadcd74692d3", "docSlug": "37215fe80674", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters, LLC", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-12-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 7, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a comparison of two data sources to cast doubt on the accuracy of the CTR research report.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-fadcd74692d3/7", "deckHref": "/decks/019dd923-622c-750b-8b95-fadcd74692d3", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-fadcd74692d3#slide-7", "loopMatches": [ { "to": 10, "from": 2, "name": "Pattern Hunter", "slug": "02-pattern-hunter", "bestFor": "Time-pressed audiences, building consensus, when data is strong", "matchId": "49cb65d2-016a-47c9-979b-3d7bf5439447", "evidence": "The repeated expose contradiction slides build a case for a pattern of inconsistencies", "position": 0, "objective": "To identify a pattern of inconsistencies in FMCN's verification", "structure": "Evidence A -> Evidence B -> Evidence C -> Pattern/Conclusion", "confidence": 0.7, "description": "Group multiple pieces of evidence that together point to a pattern or conclusion" }, { "to": 12, "from": 1, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "755891c9-717e-46ed-a629-a30601c3ecd3", "evidence": "The document implies that investors who ignore these issues may be at risk", "position": 1, "objective": "To highlight the cost of inaction for investors who fail to consider these inconsistencies", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 10, "from": 3, "beatId": "25f66109-4654-4375-bbee-030604a8b3dd", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The multiple expose contradiction slides agitate the problem by presenting more evidence of inconsistencies", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-fadcd74692d3", "docSlug": "37215fe80674", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters, LLC", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-12-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 8, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a 'before-after' or 'side-by-side' comparison to highlight a discrepancy in asset ownership claims.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-fadcd74692d3/8", "deckHref": "/decks/019dd923-622c-750b-8b95-fadcd74692d3", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-fadcd74692d3#slide-8", "loopMatches": [ { "to": 10, "from": 2, "name": "Pattern Hunter", "slug": "02-pattern-hunter", "bestFor": "Time-pressed audiences, building consensus, when data is strong", "matchId": "49cb65d2-016a-47c9-979b-3d7bf5439447", "evidence": "The repeated expose contradiction slides build a case for a pattern of inconsistencies", "position": 0, "objective": "To identify a pattern of inconsistencies in FMCN's verification", "structure": "Evidence A -> Evidence B -> Evidence C -> Pattern/Conclusion", "confidence": 0.7, "description": "Group multiple pieces of evidence that together point to a pattern or conclusion" }, { "to": 12, "from": 1, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "755891c9-717e-46ed-a629-a30601c3ecd3", "evidence": "The document implies that investors who ignore these issues may be at risk", "position": 1, "objective": "To highlight the cost of inaction for investors who fail to consider these inconsistencies", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 10, "from": 3, "beatId": "25f66109-4654-4375-bbee-030604a8b3dd", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The multiple expose contradiction slides agitate the problem by presenting more evidence of inconsistencies", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-fadcd74692d3", "docSlug": "37215fe80674", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters, LLC", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-12-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 9, "slideType": "appendix_data", "function": "analyze_data", "notes": "The slide highlights a discrepancy between CTR's research (128 buses) and the company's website (32 buses).", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-fadcd74692d3/9", "deckHref": "/decks/019dd923-622c-750b-8b95-fadcd74692d3", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-fadcd74692d3#slide-9", "loopMatches": [ { "to": 10, "from": 2, "name": "Pattern Hunter", "slug": "02-pattern-hunter", "bestFor": "Time-pressed audiences, building consensus, when data is strong", "matchId": "49cb65d2-016a-47c9-979b-3d7bf5439447", "evidence": "The repeated expose contradiction slides build a case for a pattern of inconsistencies", "position": 0, "objective": "To identify a pattern of inconsistencies in FMCN's verification", "structure": "Evidence A -> Evidence B -> Evidence C -> Pattern/Conclusion", "confidence": 0.7, "description": "Group multiple pieces of evidence that together point to a pattern or conclusion" }, { "to": 12, "from": 1, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "755891c9-717e-46ed-a629-a30601c3ecd3", "evidence": "The document implies that investors who ignore these issues may be at risk", "position": 1, "objective": "To highlight the cost of inaction for investors who fail to consider these inconsistencies", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 10, "from": 3, "beatId": "25f66109-4654-4375-bbee-030604a8b3dd", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The multiple expose contradiction slides agitate the problem by presenting more evidence of inconsistencies", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-fadcd74692d3", "docSlug": "37215fe80674", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters, LLC", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-12-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 10, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a screenshot of a website and a data table to contrast two conflicting sources of information.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-fadcd74692d3/10", "deckHref": "/decks/019dd923-622c-750b-8b95-fadcd74692d3", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-fadcd74692d3#slide-10", "loopMatches": [ { "to": 10, "from": 2, "name": "Pattern Hunter", "slug": "02-pattern-hunter", "bestFor": "Time-pressed audiences, building consensus, when data is strong", "matchId": "49cb65d2-016a-47c9-979b-3d7bf5439447", "evidence": "The repeated expose contradiction slides build a case for a pattern of inconsistencies", "position": 0, "objective": "To identify a pattern of inconsistencies in FMCN's verification", "structure": "Evidence A -> Evidence B -> Evidence C -> Pattern/Conclusion", "confidence": 0.7, "description": "Group multiple pieces of evidence that together point to a pattern or conclusion" }, { "to": 12, "from": 1, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "755891c9-717e-46ed-a629-a30601c3ecd3", "evidence": "The document implies that investors who ignore these issues may be at risk", "position": 1, "objective": "To highlight the cost of inaction for investors who fail to consider these inconsistencies", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 10, "from": 3, "beatId": "25f66109-4654-4375-bbee-030604a8b3dd", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The multiple expose contradiction slides agitate the problem by presenting more evidence of inconsistencies", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-fadcd74692d3", "docSlug": "37215fe80674", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters, LLC", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-12-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 11, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a table to present CTR's findings and a screenshot of the company website to contradict it.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-fadcd74692d3/11", "deckHref": "/decks/019dd923-622c-750b-8b95-fadcd74692d3", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-fadcd74692d3#slide-11", "loopMatches": [ { "to": 12, "from": 1, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "755891c9-717e-46ed-a629-a30601c3ecd3", "evidence": "The document implies that investors who ignore these issues may be at risk", "position": 1, "objective": "To highlight the cost of inaction for investors who fail to consider these inconsistencies", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 12, "from": 11, "beatId": "d29179a9-a335-45d3-8b9a-1ddc7d5c5136", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The appendix and disclaimer slides provide a conclusion and potential next steps", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-fadcd74692d3", "docSlug": "37215fe80674", "documentTitle": "Focus Media Holding Ltd. (FMCN)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters, LLC", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2011-12-09 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 12, "slideType": "disclaimer", "function": "other", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-fadcd74692d3/12", "deckHref": "/decks/019dd923-622c-750b-8b95-fadcd74692d3", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-fadcd74692d3#slide-12", "loopMatches": [ { "to": 12, "from": 1, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "755891c9-717e-46ed-a629-a30601c3ecd3", "evidence": "The document implies that investors who ignore these issues may be at risk", "position": 1, "objective": "To highlight the cost of inaction for investors who fail to consider these inconsistencies", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 12, "from": 11, "beatId": "d29179a9-a335-45d3-8b9a-1ddc7d5c5136", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The appendix and disclaimer slides provide a conclusion and potential next steps", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b95-ffce19e398a1", "docSlug": "44ffa60fe44d", "documentTitle": "Olam International (OLAM)", "authorId": "51_Muddy_Waters", "authorName": "Muddy Waters", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2012-11-30 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 1, "slideType": "appendix_disclosure", "function": "other", "notes": "Standard legal boilerplate for investment research.", "imagePath": "https://imgproxy.kitesheet.com/mo634mHQaZ71kbL3jD1F7wv62Jhc1ss42ZVoTsBupdk/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy80NGZmYTYwZmU0NGQvcDAwMS5qcGc", "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b95-ffce19e398a1/1", "deckHref": "/decks/019dd923-622c-750b-8b95-ffce19e398a1", "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-ffce19e398a1#slide-1", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": "https://imgproxy.kitesheet.com/l80UNRC4r-li314gQMoRCIgsn0Z6AuTYl2QPyRfYtuE/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy80NGZmYTYwZmU0NGQvcDAwMS5wbmc", "thumbSrc": "https://imgproxy.kitesheet.com/DJos0reQ4D7yh1q38n5zt7QAi46HMOuR4HYoCkaaSy8/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy80NGZmYTYwZmU0NGQvcDAwMS5qcGc", "thumbSrcAlt": "https://imgproxy.kitesheet.com/Jn6f76fq7Ab-imkfgnyRzbY2XYzw1k0JPZy0Cr8rK04/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy80NGZmYTYwZmU0NGQvcDAwMS5wbmc" } ] }