{ "kind": "all", "value": "all", "collectionKey": "slides:all:all:all-document-kinds:all-producers:all-orientations", "filters": { "documentKinds": [], "sourceTypes": [], "orientations": [] }, "total": 319975, "page": 1955, "pageSize": 60, "pageCount": 5333, "rows": [ { "docId": "019dd923-622c-750b-8b96-41d40681094a", "docSlug": "990838b0a753", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2014-04-13 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 1, "slideType": "disclaimer", "function": "other", "notes": null, "imagePath": "https://imgproxy.kitesheet.com/ykkazjlxQj3PhhwZruxWAhRm8f17Jt1mp1N9CXxN77w/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy85OTA4MzhiMGE3NTMvcDAwMS5qcGc", "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-41d40681094a/1", "deckHref": "/decks/019dd923-622c-750b-8b96-41d40681094a", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-41d40681094a#slide-1", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": "https://imgproxy.kitesheet.com/ZGP3YTE30bUIzTggsGVq-9yY5j6jLU5qL-_Ef5WlMHk/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy85OTA4MzhiMGE3NTMvcDAwMS5wbmc", "thumbSrc": "https://imgproxy.kitesheet.com/NsIKaDZMtWZSE27Bd-A_p7Fq4IRuf5aZFl644aiLRSk/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy85OTA4MzhiMGE3NTMvcDAwMS5qcGc", "thumbSrcAlt": "https://imgproxy.kitesheet.com/DMuzlVeI2uh9V3EnbusRC6u8JigOQCWfM1vwFbRVVhg/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy85OTA4MzhiMGE3NTMvcDAwMS5wbmc" }, { "docId": "019dd923-622c-750b-8b96-41d40681094a", "docSlug": "990838b0a753", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2014-04-13 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 2, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Includes a photo of a puppet holding a microphone with an 'N' logo, likely mocking the company.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-41d40681094a/2", "deckHref": "/decks/019dd923-622c-750b-8b96-41d40681094a", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-41d40681094a#slide-2", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-41d40681094a", "docSlug": "990838b0a753", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2014-04-13 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 3, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide functions as a forensic analysis of NQ Mobile's financial reporting, alleging systemic fraud.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-41d40681094a/3", "deckHref": "/decks/019dd923-622c-750b-8b96-41d40681094a", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-41d40681094a#slide-3", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-41d40681094a", "docSlug": "990838b0a753", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2014-04-13 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 4, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "This is a research note page focusing on fraud allegations and investor skepticism.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-41d40681094a/4", "deckHref": "/decks/019dd923-622c-750b-8b96-41d40681094a", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-41d40681094a#slide-4", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-41d40681094a", "docSlug": "990838b0a753", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2014-04-13 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 5, "slideType": "preempt_rebuttal", "function": "preempt_rebuttal", "notes": "This is a text-heavy research note page from a short-seller report (Muddy Waters) regarding NQ Mobile.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-41d40681094a/5", "deckHref": "/decks/019dd923-622c-750b-8b96-41d40681094a", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-41d40681094a#slide-5", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-41d40681094a", "docSlug": "990838b0a753", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2014-04-13 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 6, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "This is a page from a short-seller research report (likely Muddy Waters) attacking NQ Mobile.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-41d40681094a/6", "deckHref": "/decks/019dd923-622c-750b-8b96-41d40681094a", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-41d40681094a#slide-6", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-41d40681094a", "docSlug": "990838b0a753", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2014-04-13 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 corporate governance and transparency issues.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-41d40681094a/7", "deckHref": "/decks/019dd923-622c-750b-8b96-41d40681094a", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-41d40681094a#slide-7", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-457e4753c53c", "docSlug": "883aebc5d80b", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2014-06-04 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 1, "slideType": "disclaimer", "function": "other", "notes": "Standard legal boilerplate for investment research.", "imagePath": "https://imgproxy.kitesheet.com/H06MWhZ9BddJdcg70rkBlv3aAZ_4qQnXPNaBifSfxgo/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy84ODNhZWJjNWQ4MGIvcDAwMS5qcGc", "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-457e4753c53c/1", "deckHref": "/decks/019dd923-622c-750b-8b96-457e4753c53c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-457e4753c53c#slide-1", "loopMatches": [], "arcBeatMatches": [ { "to": 1, "from": 1, "beatId": "8a312a27-9f20-43eb-9581-f7ecd32f5ed2", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Monster", "beatSlug": "overcoming-monster-the-monster", "evidence": "NQ's data tampering claims", "position": 0, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "imagePathAlt": "https://imgproxy.kitesheet.com/qiS2ZRKI0eRSwSe9DzYjkd1pguGRghaJIiqzjssfLmo/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy84ODNhZWJjNWQ4MGIvcDAwMS5wbmc", "thumbSrc": "https://imgproxy.kitesheet.com/sWl1GD_Doa87QvXIKKkcugg8dcz0yh7n-Le-Rbfc7zo/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy84ODNhZWJjNWQ4MGIvcDAwMS5qcGc", "thumbSrcAlt": "https://imgproxy.kitesheet.com/twgqXPCtNqN4GSQg1KNOtj-LWzS_m05fw_D-fqzAfw0/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy84ODNhZWJjNWQ4MGIvcDAwMS5wbmc" }, { "docId": "019dd923-622c-750b-8b96-457e4753c53c", "docSlug": "883aebc5d80b", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2014-06-04 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 2, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a comparative analysis of corporate disclosures to frame NQ's behavior as indicative of fraud.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-457e4753c53c/2", "deckHref": "/decks/019dd923-622c-750b-8b96-457e4753c53c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-457e4753c53c#slide-2", "loopMatches": [ { "to": 3, "from": 2, "name": "The Reveal", "slug": "05-the-reveal", "bestFor": "Product launches, strategic pivots, unexpected findings", "matchId": "a17c1a0c-71f4-4dce-a544-6935e5e3ed1e", "evidence": "exposing NQ's contradictions", "position": 0, "objective": "exposing contradictions", "structure": "Setup the Question -> Build Suspense -> The Big Reveal", "confidence": 0.7, "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion" } ], "arcBeatMatches": [ { "to": 2, "from": 2, "beatId": "d4886f1b-9539-4528-a76c-c629d0284ce2", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Struggle", "beatSlug": "overcoming-monster-the-struggle", "evidence": "NQ's admission of data tampering", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-457e4753c53c", "docSlug": "883aebc5d80b", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2014-06-04 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 3, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "This is a text-heavy research note page focusing on the failure of internal investigations to uncover fraud.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-457e4753c53c/3", "deckHref": "/decks/019dd923-622c-750b-8b96-457e4753c53c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-457e4753c53c#slide-3", "loopMatches": [ { "to": 3, "from": 2, "name": "The Reveal", "slug": "05-the-reveal", "bestFor": "Product launches, strategic pivots, unexpected findings", "matchId": "a17c1a0c-71f4-4dce-a544-6935e5e3ed1e", "evidence": "exposing NQ's contradictions", "position": 0, "objective": "exposing contradictions", "structure": "Setup the Question -> Build Suspense -> The Big Reveal", "confidence": 0.7, "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion" } ], "arcBeatMatches": [ { "to": 3, "from": 3, "beatId": "6655ea0d-37a6-453a-aed6-ebdccd055f9e", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "Discrediting of Sino-Forest committee's conclusion", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-4a53a482dbdd", "docSlug": "cf5db6db40c9", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2014-07-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 1, "slideType": "appendix_disclosure", "function": "other", "notes": null, "imagePath": "https://imgproxy.kitesheet.com/5aVzXIkm9Rl753z7bTMPb7TtS3EGov0vF1L2frJBVko/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9jZjVkYjZkYjQwYzkvcDAwMS5qcGc", "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-4a53a482dbdd/1", "deckHref": "/decks/019dd923-622c-750b-8b96-4a53a482dbdd", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-4a53a482dbdd#slide-1", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": "https://imgproxy.kitesheet.com/ZbTas1K2NM1M67sIW69SDW3rtsBAtWua01u8xwhdk5g/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9jZjVkYjZkYjQwYzkvcDAwMS5wbmc", "thumbSrc": "https://imgproxy.kitesheet.com/ywAiMlB3KH3JyOxwECLooAnliwTfOscoQ2sEQ5kpQ5A/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9jZjVkYjZkYjQwYzkvcDAwMS5qcGc", "thumbSrcAlt": "https://imgproxy.kitesheet.com/NjG52gzRcDDcL6e-jJmC_gtoYTrxOZESEQLA1LRI5RI/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9jZjVkYjZkYjQwYzkvcDAwMS5wbmc" }, { "docId": "019dd923-622c-750b-8b96-4a53a482dbdd", "docSlug": "cf5db6db40c9", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2014-07-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 2, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a specific trading window (June 25-27) to highlight suspicious volume and price drops as evidence of insider trading.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-4a53a482dbdd/2", "deckHref": "/decks/019dd923-622c-750b-8b96-4a53a482dbdd", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-4a53a482dbdd#slide-2", "loopMatches": [], "arcBeatMatches": [ { "to": 4, "from": 2, "beatId": "d767ddfb-ba5f-48f8-8859-a6112144b6cd", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "Slides 2-4 are labeled as 'expose_contradiction', indicating a focus on highlighting inconsistencies in NQ's reporting.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-4a53a482dbdd", "docSlug": "cf5db6db40c9", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2014-07-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 3, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a timeline to contrast the company's narrative with the actual sequence of events, specifically highlighting the late request for an expanded audit scope.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-4a53a482dbdd/3", "deckHref": "/decks/019dd923-622c-750b-8b96-4a53a482dbdd", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-4a53a482dbdd#slide-3", "loopMatches": [], "arcBeatMatches": [ { "to": 4, "from": 2, "beatId": "d767ddfb-ba5f-48f8-8859-a6112144b6cd", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "Slides 2-4 are labeled as 'expose_contradiction', indicating a focus on highlighting inconsistencies in NQ's reporting.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-4a53a482dbdd", "docSlug": "cf5db6db40c9", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2014-07-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 4, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "This is a research note page detailing a sequence of events regarding NQ Mobile's audit status and management's misleading statements.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-4a53a482dbdd/4", "deckHref": "/decks/019dd923-622c-750b-8b96-4a53a482dbdd", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-4a53a482dbdd#slide-4", "loopMatches": [], "arcBeatMatches": [ { "to": 4, "from": 2, "beatId": "d767ddfb-ba5f-48f8-8859-a6112144b6cd", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "Slides 2-4 are labeled as 'expose_contradiction', indicating a focus on highlighting inconsistencies in NQ's reporting.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-4a53a482dbdd", "docSlug": "cf5db6db40c9", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2014-07-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 5, "slideType": "villain_critique", "function": "name_villain", "notes": "The slide uses aggressive, accusatory language ('reptilian pumping behavior', 'illegal insider sales', 'almost certainly corrupt').", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-4a53a482dbdd/5", "deckHref": "/decks/019dd923-622c-750b-8b96-4a53a482dbdd", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-4a53a482dbdd#slide-5", "loopMatches": [], "arcBeatMatches": [ { "to": 5, "from": 5, "beatId": "3e5aa692-0db0-439d-8d09-88f3d4547baf", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Villain Critique", "beatSlug": null, "evidence": "Slide 5 is labeled as 'villain_critique', suggesting a critical examination of NQ's behavior.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-320acde85f99", "docSlug": "339649d36580", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-01 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 5, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide highlights the failure of management to deliver on promised rebuttals, fueling investor skepticism.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-320acde85f99/5", "deckHref": "/decks/019dd923-622c-750b-8b96-320acde85f99", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-320acde85f99#slide-5", "loopMatches": [ { "to": 5, "from": 2, "name": "The Reveal", "slug": "05-the-reveal", "bestFor": "Product launches, strategic pivots, unexpected findings", "matchId": "5ab0d025-a1ce-4e7d-9362-1a638084f6ed", "evidence": "Slides 2-5 reveal contradictions in NetQin's claims", "position": 0, "objective": "Expose NetQin's alleged fabrications", "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": 5, "from": 2, "beatId": "a789c1c2-2c8b-4e1a-8dbe-01246bf5b8a7", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Monster (NetQin's alleged fabrications)", "beatSlug": "overcoming-monster-the-monster", "evidence": "Slides 2-5 expose contradictions in NetQin's claims", "position": 0, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-320acde85f99", "docSlug": "339649d36580", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-01 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 6, "slideType": "preempt_rebuttal", "function": "preempt_rebuttal", "notes": "This slide appears to be a narrative summary of a corporate crisis response, likely from a research note or news digest.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-320acde85f99/6", "deckHref": "/decks/019dd923-622c-750b-8b96-320acde85f99", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-320acde85f99#slide-6", "loopMatches": [ { "to": 18, "from": 6, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "e205405b-4a14-4025-9dc7-64cc5b88f02e", "evidence": "Slides 6-18 present NetQin's defensive responses", "position": 1, "objective": "Highlight the consequences of not addressing Muddy Waters' allegations", "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": 9, "from": 6, "beatId": "e8d2c3cf-863b-4fcd-9ad3-ad2fdd1f7abd", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Struggle (Muddy Waters' investigation)", "beatSlug": "overcoming-monster-the-struggle", "evidence": "Slides 6-9 present evidence of NetQin's alleged fabrications", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-320acde85f99", "docSlug": "339649d36580", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-01 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 7, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "This slide documents a specific corporate crisis event involving Muddy Waters and NetQin.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-320acde85f99/7", "deckHref": "/decks/019dd923-622c-750b-8b96-320acde85f99", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-320acde85f99#slide-7", "loopMatches": [ { "to": 18, "from": 6, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "e205405b-4a14-4025-9dc7-64cc5b88f02e", "evidence": "Slides 6-18 present NetQin's defensive responses", "position": 1, "objective": "Highlight the consequences of not addressing Muddy Waters' allegations", "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": 9, "from": 6, "beatId": "e8d2c3cf-863b-4fcd-9ad3-ad2fdd1f7abd", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Struggle (Muddy Waters' investigation)", "beatSlug": "overcoming-monster-the-struggle", "evidence": "Slides 6-9 present evidence of NetQin's alleged fabrications", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-320acde85f99", "docSlug": "339649d36580", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-01 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 8, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide presents a narrative of corporate fraud/misrepresentation by NQ, citing Money.163.com as the source.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-320acde85f99/8", "deckHref": "/decks/019dd923-622c-750b-8b96-320acde85f99", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-320acde85f99#slide-8", "loopMatches": [ { "to": 18, "from": 6, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "e205405b-4a14-4025-9dc7-64cc5b88f02e", "evidence": "Slides 6-18 present NetQin's defensive responses", "position": 1, "objective": "Highlight the consequences of not addressing Muddy Waters' allegations", "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": 9, "from": 6, "beatId": "e8d2c3cf-863b-4fcd-9ad3-ad2fdd1f7abd", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Struggle (Muddy Waters' investigation)", "beatSlug": "overcoming-monster-the-struggle", "evidence": "Slides 6-9 present evidence of NetQin's alleged fabrications", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-320acde85f99", "docSlug": "339649d36580", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-01 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 9, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide presents evidence of corporate fraud allegations.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-320acde85f99/9", "deckHref": "/decks/019dd923-622c-750b-8b96-320acde85f99", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-320acde85f99#slide-9", "loopMatches": [ { "to": 18, "from": 6, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "e205405b-4a14-4025-9dc7-64cc5b88f02e", "evidence": "Slides 6-18 present NetQin's defensive responses", "position": 1, "objective": "Highlight the consequences of not addressing Muddy Waters' allegations", "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": 9, "from": 6, "beatId": "e8d2c3cf-863b-4fcd-9ad3-ad2fdd1f7abd", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Struggle (Muddy Waters' investigation)", "beatSlug": "overcoming-monster-the-struggle", "evidence": "Slides 6-9 present evidence of NetQin's alleged fabrications", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-320acde85f99", "docSlug": "339649d36580", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-01 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 10, "slideType": "other", "function": "summarize", "notes": "This appears to be a news summary slide documenting a corporate crisis response.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-320acde85f99/10", "deckHref": "/decks/019dd923-622c-750b-8b96-320acde85f99", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-320acde85f99#slide-10", "loopMatches": [ { "to": 18, "from": 6, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "e205405b-4a14-4025-9dc7-64cc5b88f02e", "evidence": "Slides 6-18 present NetQin's defensive responses", "position": 1, "objective": "Highlight the consequences of not addressing Muddy Waters' allegations", "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": 18, "from": 10, "beatId": "2de26984-5b0d-4cc5-800d-aeea412b056b", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory (exposing NetQin's fabrications)", "beatSlug": "overcoming-monster-the-victory", "evidence": "Slides 10-18 present transcripts and further evidence", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-320acde85f99", "docSlug": "339649d36580", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-01 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 11, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide highlights the tension between corporate claims and external skepticism, specifically regarding user definitions, financial transparency, and business relationships.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-320acde85f99/11", "deckHref": "/decks/019dd923-622c-750b-8b96-320acde85f99", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-320acde85f99#slide-11", "loopMatches": [ { "to": 18, "from": 6, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "e205405b-4a14-4025-9dc7-64cc5b88f02e", "evidence": "Slides 6-18 present NetQin's defensive responses", "position": 1, "objective": "Highlight the consequences of not addressing Muddy Waters' allegations", "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": 18, "from": 10, "beatId": "2de26984-5b0d-4cc5-800d-aeea412b056b", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory (exposing NetQin's fabrications)", "beatSlug": "overcoming-monster-the-victory", "evidence": "Slides 10-18 present transcripts and further evidence", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-320acde85f99", "docSlug": "339649d36580", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-01 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 12, "slideType": "other", "function": "summarize", "notes": "This appears to be a transcript of an investor or analyst call, likely addressing fraud allegations.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-320acde85f99/12", "deckHref": "/decks/019dd923-622c-750b-8b96-320acde85f99", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-320acde85f99#slide-12", "loopMatches": [ { "to": 18, "from": 6, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "e205405b-4a14-4025-9dc7-64cc5b88f02e", "evidence": "Slides 6-18 present NetQin's defensive responses", "position": 1, "objective": "Highlight the consequences of not addressing Muddy Waters' allegations", "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": 18, "from": 10, "beatId": "2de26984-5b0d-4cc5-800d-aeea412b056b", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory (exposing NetQin's fabrications)", "beatSlug": "overcoming-monster-the-victory", "evidence": "Slides 10-18 present transcripts and further evidence", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-320acde85f99", "docSlug": "339649d36580", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-01 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 13, "slideType": "preempt_rebuttal", "function": "preempt_rebuttal", "notes": "The slide is a raw transcript of a conference call or investor Q&A session.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-320acde85f99/13", "deckHref": "/decks/019dd923-622c-750b-8b96-320acde85f99", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-320acde85f99#slide-13", "loopMatches": [ { "to": 18, "from": 6, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "e205405b-4a14-4025-9dc7-64cc5b88f02e", "evidence": "Slides 6-18 present NetQin's defensive responses", "position": 1, "objective": "Highlight the consequences of not addressing Muddy Waters' allegations", "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": 18, "from": 10, "beatId": "2de26984-5b0d-4cc5-800d-aeea412b056b", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory (exposing NetQin's fabrications)", "beatSlug": "overcoming-monster-the-victory", "evidence": "Slides 10-18 present transcripts and further evidence", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-320acde85f99", "docSlug": "339649d36580", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-01 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 14, "slideType": "preempt_rebuttal", "function": "preempt_rebuttal", "notes": "The slide is a raw transcript of an investor Q&A session.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-320acde85f99/14", "deckHref": "/decks/019dd923-622c-750b-8b96-320acde85f99", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-320acde85f99#slide-14", "loopMatches": [ { "to": 18, "from": 6, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "e205405b-4a14-4025-9dc7-64cc5b88f02e", "evidence": "Slides 6-18 present NetQin's defensive responses", "position": 1, "objective": "Highlight the consequences of not addressing Muddy Waters' allegations", "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": 18, "from": 10, "beatId": "2de26984-5b0d-4cc5-800d-aeea412b056b", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory (exposing NetQin's fabrications)", "beatSlug": "overcoming-monster-the-victory", "evidence": "Slides 10-18 present transcripts and further evidence", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-320acde85f99", "docSlug": "339649d36580", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-01 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 15, "slideType": "other", "function": "summarize", "notes": "The slide appears to be a transcript of an investor call or press conference. It contains repetitive text at the beginning and end.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-320acde85f99/15", "deckHref": "/decks/019dd923-622c-750b-8b96-320acde85f99", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-320acde85f99#slide-15", "loopMatches": [ { "to": 18, "from": 6, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "e205405b-4a14-4025-9dc7-64cc5b88f02e", "evidence": "Slides 6-18 present NetQin's defensive responses", "position": 1, "objective": "Highlight the consequences of not addressing Muddy Waters' allegations", "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": 18, "from": 10, "beatId": "2de26984-5b0d-4cc5-800d-aeea412b056b", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory (exposing NetQin's fabrications)", "beatSlug": "overcoming-monster-the-victory", "evidence": "Slides 10-18 present transcripts and further evidence", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-320acde85f99", "docSlug": "339649d36580", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-01 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 16, "slideType": "other", "function": "summarize", "notes": "This appears to be a transcript of an investor or media Q&A session.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-320acde85f99/16", "deckHref": "/decks/019dd923-622c-750b-8b96-320acde85f99", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-320acde85f99#slide-16", "loopMatches": [ { "to": 18, "from": 6, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "e205405b-4a14-4025-9dc7-64cc5b88f02e", "evidence": "Slides 6-18 present NetQin's defensive responses", "position": 1, "objective": "Highlight the consequences of not addressing Muddy Waters' allegations", "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": 18, "from": 10, "beatId": "2de26984-5b0d-4cc5-800d-aeea412b056b", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory (exposing NetQin's fabrications)", "beatSlug": "overcoming-monster-the-victory", "evidence": "Slides 10-18 present transcripts and further evidence", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-320acde85f99", "docSlug": "339649d36580", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-01 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 17, "slideType": "preempt_rebuttal", "function": "preempt_rebuttal", "notes": "The slide is a Q&A transcript format, likely used to address market skepticism.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-320acde85f99/17", "deckHref": "/decks/019dd923-622c-750b-8b96-320acde85f99", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-320acde85f99#slide-17", "loopMatches": [ { "to": 18, "from": 6, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "e205405b-4a14-4025-9dc7-64cc5b88f02e", "evidence": "Slides 6-18 present NetQin's defensive responses", "position": 1, "objective": "Highlight the consequences of not addressing Muddy Waters' allegations", "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": 18, "from": 10, "beatId": "2de26984-5b0d-4cc5-800d-aeea412b056b", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory (exposing NetQin's fabrications)", "beatSlug": "overcoming-monster-the-victory", "evidence": "Slides 10-18 present transcripts and further evidence", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-320acde85f99", "docSlug": "339649d36580", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-01 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 18, "slideType": "preempt_rebuttal", "function": "preempt_rebuttal", "notes": "The slide captures a series of questions from users and responses from NQ Yu Lin, serving as a defensive communication piece.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-320acde85f99/18", "deckHref": "/decks/019dd923-622c-750b-8b96-320acde85f99", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-320acde85f99#slide-18", "loopMatches": [ { "to": 18, "from": 6, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "e205405b-4a14-4025-9dc7-64cc5b88f02e", "evidence": "Slides 6-18 present NetQin's defensive responses", "position": 1, "objective": "Highlight the consequences of not addressing Muddy Waters' allegations", "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": 18, "from": 10, "beatId": "2de26984-5b0d-4cc5-800d-aeea412b056b", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory (exposing NetQin's fabrications)", "beatSlug": "overcoming-monster-the-victory", "evidence": "Slides 10-18 present transcripts and further evidence", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-37b5b32da084", "docSlug": "a1081380296f", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 1, "slideType": "appendix_disclosure", "function": "other", "notes": null, "imagePath": "https://imgproxy.kitesheet.com/c__9uFOPiCDLMEg05SJ3gQkEExrdi1al_br9A8vt454/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9hMTA4MTM4MDI5NmYvcDAwMS5qcGc", "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-37b5b32da084/1", "deckHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084#slide-1", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": "https://imgproxy.kitesheet.com/rCWxImxCfSlKZ3hVlWz7FUx0ydEDEpsjplK3gXJE9bs/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9hMTA4MTM4MDI5NmYvcDAwMS5wbmc", "thumbSrc": "https://imgproxy.kitesheet.com/0fIbngUVK9_5Hz254B5Mn4d86ExlKrUXyjJ3XNPLlig/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9hMTA4MTM4MDI5NmYvcDAwMS5qcGc", "thumbSrcAlt": "https://imgproxy.kitesheet.com/mfnJptvzOZI_L6sysp3MAyDC2H_e_dELkJ7e-6d_4VA/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9hMTA4MTM4MDI5NmYvcDAwMS5wbmc" }, { "docId": "019dd923-622c-750b-8b96-37b5b32da084", "docSlug": "a1081380296f", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 2, "slideType": "villain_critique", "function": "expose_contradiction", "notes": "This is a short-seller research note page exposing a specific company's fraudulent business practices.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-37b5b32da084/2", "deckHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084#slide-2", "loopMatches": [], "arcBeatMatches": [ { "to": 16, "from": 2, "beatId": "06039f66-a515-4a56-93bc-d3feccb8e00a", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document presents a series of contradictions and discrepancies in NQ's narrative and financials.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-37b5b32da084", "docSlug": "a1081380296f", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 3, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a screenshot of a website and a photo of an office lobby to contradict a corporate claim.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-37b5b32da084/3", "deckHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084#slide-3", "loopMatches": [], "arcBeatMatches": [ { "to": 16, "from": 2, "beatId": "06039f66-a515-4a56-93bc-d3feccb8e00a", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document presents a series of contradictions and discrepancies in NQ's narrative and financials.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-37b5b32da084", "docSlug": "a1081380296f", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 4, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses investigative skepticism to challenge the legitimacy of YDT's operations in China, referencing a movie 'Bowfinger' as a metaphor for fraud.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-37b5b32da084/4", "deckHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084#slide-4", "loopMatches": [], "arcBeatMatches": [ { "to": 16, "from": 2, "beatId": "06039f66-a515-4a56-93bc-d3feccb8e00a", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document presents a series of contradictions and discrepancies in NQ's narrative and financials.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-37b5b32da084", "docSlug": "a1081380296f", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 5, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a screenshot of a website to challenge the credibility of reported business volumes and ownership disclosures.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-37b5b32da084/5", "deckHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084#slide-5", "loopMatches": [], "arcBeatMatches": [ { "to": 16, "from": 2, "beatId": "06039f66-a515-4a56-93bc-d3feccb8e00a", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document presents a series of contradictions and discrepancies in NQ's narrative and financials.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-37b5b32da084", "docSlug": "a1081380296f", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 6, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a forensic approach to highlight inconsistencies in corporate disclosures.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-37b5b32da084/6", "deckHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084#slide-6", "loopMatches": [], "arcBeatMatches": [ { "to": 16, "from": 2, "beatId": "06039f66-a515-4a56-93bc-d3feccb8e00a", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document presents a series of contradictions and discrepancies in NQ's narrative and financials.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-37b5b32da084", "docSlug": "a1081380296f", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 7, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses forensic accounting logic to challenge the validity of NQ's reported accounts receivable from YDT.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-37b5b32da084/7", "deckHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084#slide-7", "loopMatches": [], "arcBeatMatches": [ { "to": 16, "from": 2, "beatId": "06039f66-a515-4a56-93bc-d3feccb8e00a", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document presents a series of contradictions and discrepancies in NQ's narrative and financials.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-37b5b32da084", "docSlug": "a1081380296f", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 8, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "This is a research note page focusing on forensic accounting and operational verification.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-37b5b32da084/8", "deckHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084#slide-8", "loopMatches": [], "arcBeatMatches": [ { "to": 16, "from": 2, "beatId": "06039f66-a515-4a56-93bc-d3feccb8e00a", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document presents a series of contradictions and discrepancies in NQ's narrative and financials.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-37b5b32da084", "docSlug": "a1081380296f", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 9, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "This is a text-heavy research note page from a short-seller report (likely Muddy Waters or similar) accusing NQ Mobile of fraudulent transaction records.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-37b5b32da084/9", "deckHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084#slide-9", "loopMatches": [], "arcBeatMatches": [ { "to": 16, "from": 2, "beatId": "06039f66-a515-4a56-93bc-d3feccb8e00a", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document presents a series of contradictions and discrepancies in NQ's narrative and financials.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-37b5b32da084", "docSlug": "a1081380296f", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 10, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "This is a text-heavy research note page from a short-seller report.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-37b5b32da084/10", "deckHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084#slide-10", "loopMatches": [], "arcBeatMatches": [ { "to": 16, "from": 2, "beatId": "06039f66-a515-4a56-93bc-d3feccb8e00a", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document presents a series of contradictions and discrepancies in NQ's narrative and financials.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-37b5b32da084", "docSlug": "a1081380296f", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 11, "slideType": "cite_precedent", "function": "expose_contradiction", "notes": "The slide serves as an external validation of the research note's thesis by citing a third-party investigative report.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-37b5b32da084/11", "deckHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084#slide-11", "loopMatches": [], "arcBeatMatches": [ { "to": 16, "from": 2, "beatId": "06039f66-a515-4a56-93bc-d3feccb8e00a", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document presents a series of contradictions and discrepancies in NQ's narrative and financials.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 11, "from": 11, "beatId": "365e485e-051e-4139-b32b-68250fd475a5", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Cite Precedent", "beatSlug": null, "evidence": "The document cites a precedent for analyzing NQ's financials.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-37b5b32da084", "docSlug": "a1081380296f", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 12, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The text functions as a forensic investigation into a potential shell company, highlighting discrepancies in the manager's knowledge and the company's actual operations.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-37b5b32da084/12", "deckHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084#slide-12", "loopMatches": [], "arcBeatMatches": [ { "to": 16, "from": 2, "beatId": "06039f66-a515-4a56-93bc-d3feccb8e00a", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document presents a series of contradictions and discrepancies in NQ's narrative and financials.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-37b5b32da084", "docSlug": "a1081380296f", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 13, "slideType": "other", "function": "other", "notes": "This page appears to be part of a forensic investigation or investigative report regarding corporate ownership structures and potential 'ghost' founders.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-37b5b32da084/13", "deckHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084#slide-13", "loopMatches": [], "arcBeatMatches": [ { "to": 16, "from": 2, "beatId": "06039f66-a515-4a56-93bc-d3feccb8e00a", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document presents a series of contradictions and discrepancies in NQ's narrative and financials.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-37b5b32da084", "docSlug": "a1081380296f", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 14, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "This is a text-heavy research note page detailing potential corporate malfeasance and lack of transparency.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-37b5b32da084/14", "deckHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084#slide-14", "loopMatches": [], "arcBeatMatches": [ { "to": 16, "from": 2, "beatId": "06039f66-a515-4a56-93bc-d3feccb8e00a", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document presents a series of contradictions and discrepancies in NQ's narrative and financials.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-37b5b32da084", "docSlug": "a1081380296f", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 15, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "This slide functions as a forensic audit summary, highlighting inconsistencies between NQ's financial reports, Muddy Waters' allegations, and data provided by Ms. Xu Rong.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-37b5b32da084/15", "deckHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084#slide-15", "loopMatches": [], "arcBeatMatches": [ { "to": 16, "from": 2, "beatId": "06039f66-a515-4a56-93bc-d3feccb8e00a", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document presents a series of contradictions and discrepancies in NQ's narrative and financials.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-37b5b32da084", "docSlug": "a1081380296f", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-06 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 16, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "This slide is a narrative-heavy research note documenting a 'fraud-exposure' investigation.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-37b5b32da084/16", "deckHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-37b5b32da084#slide-16", "loopMatches": [], "arcBeatMatches": [ { "to": 16, "from": 2, "beatId": "06039f66-a515-4a56-93bc-d3feccb8e00a", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document presents a series of contradictions and discrepancies in NQ's narrative and financials.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-3ac8512a36a9", "docSlug": "1f82501868f5", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-12 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 1, "slideType": "disclaimer", "function": "front_matter", "notes": "Standard legal boilerplate for investment research.", "imagePath": "https://imgproxy.kitesheet.com/wbh-RjzWYEYXLBMvAMjcZYm5dQ3soTEXT-m-w0FUzBI/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8xZjgyNTAxODY4ZjUvcDAwMS5qcGc", "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-3ac8512a36a9/1", "deckHref": "/decks/019dd923-622c-750b-8b96-3ac8512a36a9", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-3ac8512a36a9#slide-1", "loopMatches": [ { "to": 6, "from": 1, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "6711abbd-0343-4337-b08e-165180951263", "evidence": "The document implies that there are consequences to not taking action against NQ Mobile, although it is not explicitly stated.", "position": 1, "objective": "What are the consequences of not taking action against NQ Mobile?", "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": [], "imagePathAlt": "https://imgproxy.kitesheet.com/Ixv9mDD9oU8Naq6u2FMDiiXmKSE-qHX5SysTfSqQCRE/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8xZjgyNTAxODY4ZjUvcDAwMS5wbmc", "thumbSrc": "https://imgproxy.kitesheet.com/1qwob5A22dLf7z2NNfkbrRf-7bCi8WbpRnNjf_2l9Ww/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8xZjgyNTAxODY4ZjUvcDAwMS5qcGc", "thumbSrcAlt": "https://imgproxy.kitesheet.com/tTxzw54ORMlD87EEo6DLEM-pAtFq0OTRmudFoYKQfD8/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8xZjgyNTAxODY4ZjUvcDAwMS5wbmc" }, { "docId": "019dd923-622c-750b-8b96-3ac8512a36a9", "docSlug": "1f82501868f5", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-12 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 2, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "This is a short-seller research report page from Muddy Waters, LLC.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-3ac8512a36a9/2", "deckHref": "/decks/019dd923-622c-750b-8b96-3ac8512a36a9", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-3ac8512a36a9#slide-2", "loopMatches": [ { "to": 4, "from": 2, "name": "Aha Moment", "slug": "03-aha-moment", "bestFor": "Data-heavy sections, research findings, analytical arguments", "matchId": "386ed063-37b1-40d6-afc2-e0695076a411", "evidence": "The document appears to build up to a moment of revelation or aha moment on slides 2-4.", "position": 0, "objective": "What is the true nature of NQ Mobile's business practices?", "structure": "The Problem/Question -> What the Data Shows -> The Insight", "confidence": 0.7, "description": "Establish a tension, present data, then deliver the insight that changes everything" }, { "to": 6, "from": 1, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "6711abbd-0343-4337-b08e-165180951263", "evidence": "The document implies that there are consequences to not taking action against NQ Mobile, although it is not explicitly stated.", "position": 1, "objective": "What are the consequences of not taking action against NQ Mobile?", "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": 4, "from": 2, "beatId": "a6dc3034-4b8f-4a1e-b227-88ea179d1079", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "Slides 2-4 have titles that suggest exposing contradictions in NQ Mobile's business practices.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-3ac8512a36a9", "docSlug": "1f82501868f5", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-12 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 3, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide functions as a character assassination/credibility attack on two key figures (Mathison and Khan) associated with NQ.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-3ac8512a36a9/3", "deckHref": "/decks/019dd923-622c-750b-8b96-3ac8512a36a9", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-3ac8512a36a9#slide-3", "loopMatches": [ { "to": 4, "from": 2, "name": "Aha Moment", "slug": "03-aha-moment", "bestFor": "Data-heavy sections, research findings, analytical arguments", "matchId": "386ed063-37b1-40d6-afc2-e0695076a411", "evidence": "The document appears to build up to a moment of revelation or aha moment on slides 2-4.", "position": 0, "objective": "What is the true nature of NQ Mobile's business practices?", "structure": "The Problem/Question -> What the Data Shows -> The Insight", "confidence": 0.7, "description": "Establish a tension, present data, then deliver the insight that changes everything" }, { "to": 6, "from": 1, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "6711abbd-0343-4337-b08e-165180951263", "evidence": "The document implies that there are consequences to not taking action against NQ Mobile, although it is not explicitly stated.", "position": 1, "objective": "What are the consequences of not taking action against NQ Mobile?", "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": 4, "from": 2, "beatId": "a6dc3034-4b8f-4a1e-b227-88ea179d1079", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "Slides 2-4 have titles that suggest exposing contradictions in NQ Mobile's business practices.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-3ac8512a36a9", "docSlug": "1f82501868f5", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-12 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 4, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a screenshot of a Bloomberg interview to undermine the credibility of the CEO's knowledge of his own business.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-3ac8512a36a9/4", "deckHref": "/decks/019dd923-622c-750b-8b96-3ac8512a36a9", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-3ac8512a36a9#slide-4", "loopMatches": [ { "to": 4, "from": 2, "name": "Aha Moment", "slug": "03-aha-moment", "bestFor": "Data-heavy sections, research findings, analytical arguments", "matchId": "386ed063-37b1-40d6-afc2-e0695076a411", "evidence": "The document appears to build up to a moment of revelation or aha moment on slides 2-4.", "position": 0, "objective": "What is the true nature of NQ Mobile's business practices?", "structure": "The Problem/Question -> What the Data Shows -> The Insight", "confidence": 0.7, "description": "Establish a tension, present data, then deliver the insight that changes everything" }, { "to": 6, "from": 1, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "6711abbd-0343-4337-b08e-165180951263", "evidence": "The document implies that there are consequences to not taking action against NQ Mobile, although it is not explicitly stated.", "position": 1, "objective": "What are the consequences of not taking action against NQ Mobile?", "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": 4, "from": 2, "beatId": "a6dc3034-4b8f-4a1e-b227-88ea179d1079", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "Slides 2-4 have titles that suggest exposing contradictions in NQ Mobile's business practices.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-3ac8512a36a9", "docSlug": "1f82501868f5", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-12 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 5, "slideType": "other", "function": "expose_contradiction", "notes": "The slide includes a map of China highlighting Henan and Hunan provinces, though the text focuses on NQ's corporate history and association with Anthony Sasso.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-3ac8512a36a9/5", "deckHref": "/decks/019dd923-622c-750b-8b96-3ac8512a36a9", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-3ac8512a36a9#slide-5", "loopMatches": [ { "to": 6, "from": 1, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "6711abbd-0343-4337-b08e-165180951263", "evidence": "The document implies that there are consequences to not taking action against NQ Mobile, although it is not explicitly stated.", "position": 1, "objective": "What are the consequences of not taking action against NQ Mobile?", "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": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-3ac8512a36a9", "docSlug": "1f82501868f5", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-11-12 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 6, "slideType": "other", "function": "expose_contradiction", "notes": "This is a page from a research note, likely a short-seller report, focusing on exposing corporate malfeasance.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-3ac8512a36a9/6", "deckHref": "/decks/019dd923-622c-750b-8b96-3ac8512a36a9", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-3ac8512a36a9#slide-6", "loopMatches": [ { "to": 6, "from": 1, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "6711abbd-0343-4337-b08e-165180951263", "evidence": "The document implies that there are consequences to not taking action against NQ Mobile, although it is not explicitly stated.", "position": 1, "objective": "What are the consequences of not taking action against NQ Mobile?", "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": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-3c5911c95e3b", "docSlug": "2e1719f8e47d", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-12-19 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 1, "slideType": "shareholder-letter", "function": "state_demand", "notes": "This is a formal letter from a short-seller to a company's board of directors.", "imagePath": "https://imgproxy.kitesheet.com/j0mWwnhP_RdqLpWqELpsyK_7kQsl2QqrApMu9_saos0/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8yZTE3MTlmOGU0N2QvcDAwMS5wbmc", "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-3c5911c95e3b/1", "deckHref": "/decks/019dd923-622c-750b-8b96-3c5911c95e3b", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-3c5911c95e3b#slide-1", "loopMatches": [], "arcBeatMatches": [ { "to": 1, "from": 1, "beatId": "ad05cb21-65f1-4fd7-8648-7c73c81a0227", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Situation & Context", "beatSlug": "consultants-gambit-situation-context", "evidence": "Part I: Our Offer to NQ's Independent Committee", "position": 0, "confidence": 0.8, "parentBeatName": "Setup", "parentBeatSlug": "setup" } ], "imagePathAlt": "https://imgproxy.kitesheet.com/8_1AfLmyKkoKmqNB6LyIYUrD8mS7AN-PUdCP0Db675o/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8yZTE3MTlmOGU0N2QvcDAwMS5qcGc", "thumbSrc": "https://imgproxy.kitesheet.com/34J3Z1tg0b_OFc35AZ6Qud8NmrI0MrzdiAGh5HdYUoQ/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8yZTE3MTlmOGU0N2QvcDAwMS5wbmc", "thumbSrcAlt": "https://imgproxy.kitesheet.com/VfbgO9CM66sRWvAxvqogZsxDBBSG7uJTwqWVLTZuLYs/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8yZTE3MTlmOGU0N2QvcDAwMS5qcGc" }, { "docId": "019dd923-622c-750b-8b96-3c5911c95e3b", "docSlug": "2e1719f8e47d", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-12-19 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 2, "slideType": "propose_solution", "function": "propose_solution", "notes": "This slide argues that independent director committees are compromised and proposes an external audit of their investigative process.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-3c5911c95e3b/2", "deckHref": "/decks/019dd923-622c-750b-8b96-3c5911c95e3b", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-3c5911c95e3b#slide-2", "loopMatches": [ { "to": 4, "from": 2, "name": "Benchmark Gap", "slug": "39-benchmark-gap", "bestFor": "Performance improvement, competitive analysis, target setting", "matchId": "ec5c899d-f89d-49d7-8765-7b7a8a9447fa", "evidence": "Part II highlights several examples", "position": 0, "objective": "Highlighting issues with China companies' independent committees", "structure": "Our Performance -> Industry Average -> Best-in-Class -> The Gap = The Opportunity", "confidence": 0.7, "description": "Compare performance against best-in-class to quantify the opportunity" } ], "arcBeatMatches": [ { "to": 4, "from": 2, "beatId": "74647ecb-ff50-416a-a9d9-7857635902e5", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Problem & Complication", "beatSlug": "consultants-gambit-problem-complication", "evidence": "Part II: The Troubling History of China Companies' Independent Committees", "position": 1, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-3c5911c95e3b", "docSlug": "2e1719f8e47d", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-12-19 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 3, "slideType": "demand_list", "function": "state_demand", "notes": "This is a page from a shareholder letter/open letter. It functions as a formal demand for transparency and oversight.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-3c5911c95e3b/3", "deckHref": "/decks/019dd923-622c-750b-8b96-3c5911c95e3b", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-3c5911c95e3b#slide-3", "loopMatches": [ { "to": 4, "from": 2, "name": "Benchmark Gap", "slug": "39-benchmark-gap", "bestFor": "Performance improvement, competitive analysis, target setting", "matchId": "ec5c899d-f89d-49d7-8765-7b7a8a9447fa", "evidence": "Part II highlights several examples", "position": 0, "objective": "Highlighting issues with China companies' independent committees", "structure": "Our Performance -> Industry Average -> Best-in-Class -> The Gap = The Opportunity", "confidence": 0.7, "description": "Compare performance against best-in-class to quantify the opportunity" } ], "arcBeatMatches": [ { "to": 4, "from": 2, "beatId": "74647ecb-ff50-416a-a9d9-7857635902e5", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Problem & Complication", "beatSlug": "consultants-gambit-problem-complication", "evidence": "Part II: The Troubling History of China Companies' Independent Committees", "position": 1, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-3c5911c95e3b", "docSlug": "2e1719f8e47d", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-12-19 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 4, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses specific company examples to undermine the credibility of independent committees in the context of Chinese issuers.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-3c5911c95e3b/4", "deckHref": "/decks/019dd923-622c-750b-8b96-3c5911c95e3b", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-3c5911c95e3b#slide-4", "loopMatches": [ { "to": 4, "from": 2, "name": "Benchmark Gap", "slug": "39-benchmark-gap", "bestFor": "Performance improvement, competitive analysis, target setting", "matchId": "ec5c899d-f89d-49d7-8765-7b7a8a9447fa", "evidence": "Part II highlights several examples", "position": 0, "objective": "Highlighting issues with China companies' independent committees", "structure": "Our Performance -> Industry Average -> Best-in-Class -> The Gap = The Opportunity", "confidence": 0.7, "description": "Compare performance against best-in-class to quantify the opportunity" } ], "arcBeatMatches": [ { "to": 4, "from": 2, "beatId": "74647ecb-ff50-416a-a9d9-7857635902e5", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Problem & Complication", "beatSlug": "consultants-gambit-problem-complication", "evidence": "Part II: The Troubling History of China Companies' Independent Committees", "position": 1, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-3c5911c95e3b", "docSlug": "2e1719f8e47d", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-12-19 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 5, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses stock charts to visually demonstrate the failure of internal investigations to protect shareholder value.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-3c5911c95e3b/5", "deckHref": "/decks/019dd923-622c-750b-8b96-3c5911c95e3b", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-3c5911c95e3b#slide-5", "loopMatches": [], "arcBeatMatches": [ { "to": 7, "from": 5, "beatId": "f4b66509-3e4c-45bb-93d8-b961acca7488", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "Examples of independent committee dysfunction", "position": 2, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-3c5911c95e3b", "docSlug": "2e1719f8e47d", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-12-19 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 6, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses stock charts to illustrate the impact of fraud allegations on share price.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-3c5911c95e3b/6", "deckHref": "/decks/019dd923-622c-750b-8b96-3c5911c95e3b", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-3c5911c95e3b#slide-6", "loopMatches": [], "arcBeatMatches": [ { "to": 7, "from": 5, "beatId": "f4b66509-3e4c-45bb-93d8-b961acca7488", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "Examples of independent committee dysfunction", "position": 2, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-3c5911c95e3b", "docSlug": "2e1719f8e47d", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-12-19 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 7, "slideType": "cite_precedent", "function": "cite_precedent", "notes": "Page 7 of 9 from a larger document.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-3c5911c95e3b/7", "deckHref": "/decks/019dd923-622c-750b-8b96-3c5911c95e3b", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-3c5911c95e3b#slide-7", "loopMatches": [], "arcBeatMatches": [ { "to": 7, "from": 5, "beatId": "f4b66509-3e4c-45bb-93d8-b961acca7488", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "Examples of independent committee dysfunction", "position": 2, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-3c5911c95e3b", "docSlug": "2e1719f8e47d", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-12-19 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 8, "slideType": "appendix", "function": "other", "notes": "This page serves as a corporate profile/credentials appendix.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-3c5911c95e3b/8", "deckHref": "/decks/019dd923-622c-750b-8b96-3c5911c95e3b", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-3c5911c95e3b#slide-8", "loopMatches": [ { "to": 9, "from": 8, "name": "Expert Witness", "slug": "23-expert-witness", "bestFor": "Technical validation, regulatory compliance, skeptical executives", "matchId": "c0ed80a9-b5a0-482d-acf3-217ba6dad6b7", "evidence": "Part III presents Plante & Moran’s Credentials and nominee bio", "position": 1, "objective": "Showcasing credentials", "structure": "The Authority's Credentials -> Their Finding/Opinion -> Applied to Our Case", "confidence": 0.7, "description": "Borrow credibility from a recognized authority to validate your position" } ], "arcBeatMatches": [ { "to": 9, "from": 8, "beatId": "e2160ef8-0c2d-45e8-be38-10f334c3fac7", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "Part III: Plante & Moran’s Credentials and nominee bio", "position": 3, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b96-3c5911c95e3b", "docSlug": "2e1719f8e47d", "documentTitle": "NQ Mobile (NQ)", "authorId": "51_Muddy_Waters", "authorName": "Carson C. Block", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2013-12-19 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 9, "slideType": "nominee_bio", "function": "introduce_nominees", "notes": "This slide serves as both a professional bio for an expert witness/investigator and the concluding page of a shareholder letter.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b96-3c5911c95e3b/9", "deckHref": "/decks/019dd923-622c-750b-8b96-3c5911c95e3b", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-3c5911c95e3b#slide-9", "loopMatches": [ { "to": 9, "from": 8, "name": "Expert Witness", "slug": "23-expert-witness", "bestFor": "Technical validation, regulatory compliance, skeptical executives", "matchId": "c0ed80a9-b5a0-482d-acf3-217ba6dad6b7", "evidence": "Part III presents Plante & Moran’s Credentials and nominee bio", "position": 1, "objective": "Showcasing credentials", "structure": "The Authority's Credentials -> Their Finding/Opinion -> Applied to Our Case", "confidence": 0.7, "description": "Borrow credibility from a recognized authority to validate your position" } ], "arcBeatMatches": [ { "to": 9, "from": 8, "beatId": "e2160ef8-0c2d-45e8-be38-10f334c3fac7", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "Part III: Plante & Moran’s Credentials and nominee bio", "position": 3, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true } ] }