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"sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 19, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a red flag icon and red bounding box to emphasize the 'dark history' narrative.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/19", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-19", "loopMatches": [], "arcBeatMatches": [ { "to": 20, "from": 11, "beatId": "374f173c-32c4-44e1-8ebd-2f113df75107", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The villain (Nuvei Corp)", "beatSlug": null, "evidence": "The deck critiques Nuvei's CEO and CFO, highlighting their past controversies.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 20, "slideType": "villain_critique", "function": "name_villain", "notes": "The slide uses a third-party review (MerchantMaverick) to validate the activist's negative thesis about the company's business model.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/20", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-20", "loopMatches": [], "arcBeatMatches": [ { "to": 20, "from": 11, "beatId": "374f173c-32c4-44e1-8ebd-2f113df75107", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The villain (Nuvei Corp)", "beatSlug": null, "evidence": "The deck critiques Nuvei's CEO and CFO, highlighting their past controversies.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 21, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses red callout boxes to emphasize specific negative quotes from customer reviews.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/21", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-21", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 22, "slideType": "testimonial", "function": "expose_contradiction", "notes": "Uses red flag icon and callout boxes to emphasize negative sentiment.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/22", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-22", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 23, "slideType": "section_divider", "function": "transition", "notes": "The slide uses the Spruce Point Capital Management logo (the tree) and branding.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/23", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-23", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 24, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a red flag icon to draw attention to the primary claim.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/24", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-24", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 25, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses red boxes and arrows to highlight the discrepancy between the official bio and the FBI press release.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/25", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-25", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 26, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a red flag icon to signal a warning or 'red flag' event.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/26", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-26", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 27, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses red boxes and arrows to draw attention to the discrepancy between historical records and current professional profiles.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/27", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-27", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 28, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a red flag icon to highlight the contradiction/risk.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/28", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-28", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 29, "slideType": "section_divider", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/29", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-29", "loopMatches": [], "arcBeatMatches": [ { "to": 50, "from": 29, "beatId": "1e230b4a-4bb4-405d-9942-db79591a3392", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Challenges faced by Nuvei", "beatSlug": null, "evidence": "The deck presents evidence of declining growth, suspicious revenue, and questionable acquisitions.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 30, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses Wayback Machine screenshots to demonstrate historical merchant count claims.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/30", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-30", "loopMatches": [], "arcBeatMatches": [ { "to": 50, "from": 29, "beatId": "1e230b4a-4bb4-405d-9942-db79591a3392", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Challenges faced by Nuvei", "beatSlug": null, "evidence": "The deck presents evidence of declining growth, suspicious revenue, and questionable acquisitions.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 31, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses red boxes and underlines to highlight the discrepancy between historical claims and IPO filings.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/31", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-31", "loopMatches": [], "arcBeatMatches": [ { "to": 50, "from": 29, "beatId": "1e230b4a-4bb4-405d-9942-db79591a3392", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Challenges faced by Nuvei", "beatSlug": null, "evidence": "The deck presents evidence of declining growth, suspicious revenue, and questionable acquisitions.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 32, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a red box to highlight the negative growth percentages for Canada and the U.S. in 2020.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/32", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-32", "loopMatches": [], "arcBeatMatches": [ { "to": 50, "from": 29, "beatId": "1e230b4a-4bb4-405d-9942-db79591a3392", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Challenges faced by Nuvei", "beatSlug": null, "evidence": "The deck presents evidence of declining growth, suspicious revenue, and questionable acquisitions.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 33, "slideType": "ceo_quote", "function": "expose_contradiction", "notes": "The slide uses a 'Spruce Point Question' vs 'Former Nuvei Executive' format to frame the expert testimony.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/33", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-33", "loopMatches": [], "arcBeatMatches": [ { "to": 50, "from": 29, "beatId": "1e230b4a-4bb4-405d-9942-db79591a3392", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Challenges faced by Nuvei", "beatSlug": null, "evidence": "The deck presents evidence of declining growth, suspicious revenue, and questionable acquisitions.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 34, "slideType": "section_divider", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/34", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-34", "loopMatches": [], "arcBeatMatches": [ { "to": 50, "from": 29, "beatId": "1e230b4a-4bb4-405d-9942-db79591a3392", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Challenges faced by Nuvei", "beatSlug": null, "evidence": "The deck presents evidence of declining growth, suspicious revenue, and questionable acquisitions.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 35, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a tree icon, likely a branding element for Spruce Point Capital Management.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/35", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-35", "loopMatches": [], "arcBeatMatches": [ { "to": 50, "from": 29, "beatId": "1e230b4a-4bb4-405d-9942-db79591a3392", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Challenges faced by Nuvei", "beatSlug": null, "evidence": "The deck presents evidence of declining growth, suspicious revenue, and questionable acquisitions.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 36, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses red boxes and underlines to draw attention to the specific contradiction in dates.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/36", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-36", "loopMatches": [], "arcBeatMatches": [ { "to": 50, "from": 29, "beatId": "1e230b4a-4bb4-405d-9942-db79591a3392", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Challenges faced by Nuvei", "beatSlug": null, "evidence": "The deck presents evidence of declining growth, suspicious revenue, and questionable acquisitions.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 37, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a screenshot of a YouTube video as primary evidence for the claim.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/37", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-37", "loopMatches": [], "arcBeatMatches": [ { "to": 50, "from": 29, "beatId": "1e230b4a-4bb4-405d-9942-db79591a3392", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Challenges faced by Nuvei", "beatSlug": null, "evidence": "The deck presents evidence of declining growth, suspicious revenue, and questionable acquisitions.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 38, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses screenshots of legal documents with red highlights to emphasize specific allegations.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/38", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-38", "loopMatches": [], "arcBeatMatches": [ { "to": 50, "from": 29, "beatId": "1e230b4a-4bb4-405d-9942-db79591a3392", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Challenges faced by Nuvei", "beatSlug": null, "evidence": "The deck presents evidence of declining growth, suspicious revenue, and questionable acquisitions.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 39, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a red flag icon to draw attention to the contradiction.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/39", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-39", "loopMatches": [], "arcBeatMatches": [ { "to": 50, "from": 29, "beatId": "1e230b4a-4bb4-405d-9942-db79591a3392", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Challenges faced by Nuvei", "beatSlug": null, "evidence": "The deck presents evidence of declining growth, suspicious revenue, and questionable acquisitions.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 40, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a before-and-after screenshot comparison to flag a potential undisclosed departure.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/40", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-40", "loopMatches": [], "arcBeatMatches": [ { "to": 50, "from": 29, "beatId": "1e230b4a-4bb4-405d-9942-db79591a3392", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Challenges faced by Nuvei", "beatSlug": null, "evidence": "The deck presents evidence of declining growth, suspicious revenue, and questionable acquisitions.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 41, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a before-and-after visual comparison of a corporate website to suggest a potential governance or personnel issue.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/41", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-41", "loopMatches": [], "arcBeatMatches": [ { "to": 50, "from": 29, "beatId": "1e230b4a-4bb4-405d-9942-db79591a3392", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Challenges faced by Nuvei", "beatSlug": null, "evidence": "The deck presents evidence of declining growth, suspicious revenue, and questionable acquisitions.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 42, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a red flag icon to denote a 'red flag' or warning sign in the activist narrative.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/42", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-42", "loopMatches": [], "arcBeatMatches": [ { "to": 50, "from": 29, "beatId": "1e230b4a-4bb4-405d-9942-db79591a3392", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Challenges faced by Nuvei", "beatSlug": null, "evidence": "The deck presents evidence of declining growth, suspicious revenue, and questionable acquisitions.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 43, "slideType": "villain_critique", "function": "name_villain", "notes": "The slide uses the Spruce Point Capital Management logo (the pine tree) as a visual anchor.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/43", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-43", "loopMatches": [], "arcBeatMatches": [ { "to": 50, "from": 29, "beatId": "1e230b4a-4bb4-405d-9942-db79591a3392", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Challenges faced by Nuvei", "beatSlug": null, "evidence": "The deck presents evidence of declining growth, suspicious revenue, and questionable acquisitions.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 44, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a combination of data tables and CEO quotes to frame a narrative of scrutiny regarding leadership.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/44", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-44", "loopMatches": [], "arcBeatMatches": [ { "to": 50, "from": 29, "beatId": "1e230b4a-4bb4-405d-9942-db79591a3392", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Challenges faced by Nuvei", "beatSlug": null, "evidence": "The deck presents evidence of declining growth, suspicious revenue, and questionable acquisitions.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 45, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses red boxes and arrows to highlight suspicious details in corporate bios and team pages.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/45", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-45", "loopMatches": [], "arcBeatMatches": [ { "to": 50, "from": 29, "beatId": "1e230b4a-4bb4-405d-9942-db79591a3392", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Challenges faced by Nuvei", "beatSlug": null, "evidence": "The deck presents evidence of declining growth, suspicious revenue, and questionable acquisitions.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 46, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a red arrow to link a press release about Tassoudji joining ZaaZoom to a legal document detailing Thomas's corporate entities.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/46", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-46", "loopMatches": [], "arcBeatMatches": [ { "to": 50, "from": 29, "beatId": "1e230b4a-4bb4-405d-9942-db79591a3392", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Challenges faced by Nuvei", "beatSlug": null, "evidence": "The deck presents evidence of declining growth, suspicious revenue, and questionable acquisitions.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 47, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses legal document screenshots as primary evidence.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/47", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-47", "loopMatches": [], "arcBeatMatches": [ { "to": 50, "from": 29, "beatId": "1e230b4a-4bb4-405d-9942-db79591a3392", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Challenges faced by Nuvei", "beatSlug": null, "evidence": "The deck presents evidence of declining growth, suspicious revenue, and questionable acquisitions.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 48, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a red flag icon and red boxes to draw attention to specific incriminating text within a news article snippet.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/48", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-48", "loopMatches": [], "arcBeatMatches": [ { "to": 50, "from": 29, "beatId": "1e230b4a-4bb4-405d-9942-db79591a3392", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Challenges faced by Nuvei", "beatSlug": null, "evidence": "The deck presents evidence of declining growth, suspicious revenue, and questionable acquisitions.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei 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"beatSlug": null, "evidence": "The deck presents evidence of declining growth, suspicious revenue, and questionable acquisitions.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 50, "slideType": "section_divider", "function": "name_villain", "notes": "Spruce Point Capital Management branding (pine tree logo).", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": 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"sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-12-09 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 63, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a red flag icon to signal the contradiction.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/63", "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-63", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-265d3ab25ee2", "docSlug": "062cb2b9b6a4", "documentTitle": "Nuvei Corp (NVEI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": 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