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      "pageNumber": 29,
      "slideType": "section_divider",
      "function": "transition",
      "notes": "Spruce Point Capital Management branding (pine tree logo).",
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      "pageNumber": 33,
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      "notes": "The slide uses a table to show that despite negative working capital, the ratios remain stable, preempting concerns about liquidity or accounting shifts.",
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      "notes": "The slide uses a 'pro-forma' style adjustment to show what the balance sheet would look like without the revenue recognition change.",
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