{ "kind": "all", "value": "all", "collectionKey": "slides:all:all:all-document-kinds:all-producers:all-orientations", "filters": { "documentKinds": [], "sourceTypes": [], "orientations": [] }, "total": 319975, "page": 2159, "pageSize": 60, "pageCount": 5333, "rows": [ { "docId": "019dd923-622c-750b-8b9a-21918ac10c17", "docSlug": "f3db2294dcf9", "documentTitle": "Harmony Biosciences (HRMY)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2023-03-28 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 346, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a Q&A transcript format to substantiate claims of unethical sales practices.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-21918ac10c17/346", "deckHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17#slide-346", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-21918ac10c17", "docSlug": "f3db2294dcf9", "documentTitle": "Harmony Biosciences (HRMY)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2023-03-28 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 347, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a Q&A transcript format to highlight the interviewee's cynical view on the prevalence of the disease.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-21918ac10c17/347", "deckHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17#slide-347", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-21918ac10c17", "docSlug": "f3db2294dcf9", "documentTitle": "Harmony Biosciences (HRMY)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2023-03-28 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 348, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a Q&A format to expose a potential business practice of incentivizing off-label drug prescriptions.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-21918ac10c17/348", "deckHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17#slide-348", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-21918ac10c17", "docSlug": "f3db2294dcf9", "documentTitle": "Harmony Biosciences (HRMY)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2023-03-28 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 349, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a Q&A transcript format to build a case of fraudulent business practices.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-21918ac10c17/349", "deckHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17#slide-349", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-21918ac10c17", "docSlug": "f3db2294dcf9", "documentTitle": "Harmony Biosciences (HRMY)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2023-03-28 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 350, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses highlighted text to emphasize key admissions of fraudulent behavior.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-21918ac10c17/350", "deckHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17#slide-350", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-21918ac10c17", "docSlug": "f3db2294dcf9", "documentTitle": "Harmony Biosciences (HRMY)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2023-03-28 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 351, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a Q&A transcript format to highlight potential violations of the Stark Law.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-21918ac10c17/351", "deckHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17#slide-351", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-21918ac10c17", "docSlug": "f3db2294dcf9", "documentTitle": "Harmony Biosciences (HRMY)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2023-03-28 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 352, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses highlighted text to emphasize key allegations of regulatory non-compliance and unethical sales practices.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-21918ac10c17/352", "deckHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17#slide-352", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-21918ac10c17", "docSlug": "f3db2294dcf9", "documentTitle": "Harmony Biosciences (HRMY)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2023-03-28 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 353, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a Q&A format to highlight systemic issues and potential regulatory non-compliance regarding speaker programs and off-label prescriptions.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-21918ac10c17/353", "deckHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17#slide-353", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-21918ac10c17", "docSlug": "f3db2294dcf9", "documentTitle": "Harmony Biosciences (HRMY)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2023-03-28 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 354, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses highlighted text to emphasize key allegations of off-label promotion and retaliation against employees.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-21918ac10c17/354", "deckHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17#slide-354", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-21918ac10c17", "docSlug": "f3db2294dcf9", "documentTitle": "Harmony Biosciences (HRMY)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2023-03-28 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 355, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a Q&A format to build a narrative of corporate malfeasance.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-21918ac10c17/355", "deckHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17#slide-355", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-21918ac10c17", "docSlug": "f3db2294dcf9", "documentTitle": "Harmony Biosciences (HRMY)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2023-03-28 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 356, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses Q&A format to present expert testimony regarding potential regulatory violations and mismanagement.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-21918ac10c17/356", "deckHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17#slide-356", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-21918ac10c17", "docSlug": "f3db2294dcf9", "documentTitle": "Harmony Biosciences (HRMY)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2023-03-28 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 357, "slideType": "problem_statement", "function": "diagnose_problem", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-21918ac10c17/357", "deckHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17#slide-357", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-21918ac10c17", "docSlug": "f3db2294dcf9", "documentTitle": "Harmony Biosciences (HRMY)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2023-03-28 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 358, "slideType": "testimonial", "function": "expose_contradiction", "notes": "The slide uses direct quotes from former employees to validate the thesis of market saturation and internal company struggles.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-21918ac10c17/358", "deckHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17#slide-358", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-21918ac10c17", "docSlug": "f3db2294dcf9", "documentTitle": "Harmony Biosciences (HRMY)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2023-03-28 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 359, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a Q&A format to validate the thesis that high-volume prescribers quickly exhaust their patient pool and face insurance hurdles, contradicting potential growth narratives.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-21918ac10c17/359", "deckHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17#slide-359", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-21918ac10c17", "docSlug": "f3db2294dcf9", "documentTitle": "Harmony Biosciences (HRMY)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2023-03-28 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 360, "slideType": "testimonial", "function": "expose_contradiction", "notes": "Includes verbatim interview transcripts highlighting the 'crash' after initial launch spikes.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-21918ac10c17/360", "deckHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17#slide-360", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-21918ac10c17", "docSlug": "f3db2294dcf9", "documentTitle": "Harmony Biosciences (HRMY)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2023-03-28 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 361, "slideType": "testimonial", "function": "expose_contradiction", "notes": "The slide uses highlighted text to emphasize key claims about PIPs and quota misalignment.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-21918ac10c17/361", "deckHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17#slide-361", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-21918ac10c17", "docSlug": "f3db2294dcf9", "documentTitle": "Harmony Biosciences (HRMY)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2023-03-28 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 362, "slideType": "testimonial", "function": "expose_contradiction", "notes": "The slide uses direct quotes from ex-managers to highlight a shift in company culture towards aggressive performance management.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-21918ac10c17/362", "deckHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17#slide-362", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-21918ac10c17", "docSlug": "f3db2294dcf9", "documentTitle": "Harmony Biosciences (HRMY)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2023-03-28 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 363, "slideType": "testimonial", "function": "expose_contradiction", "notes": "The slide uses a Q&A format to validate the thesis of a slowing business.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-21918ac10c17/363", "deckHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17#slide-363", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-21918ac10c17", "docSlug": "f3db2294dcf9", "documentTitle": "Harmony Biosciences (HRMY)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2023-03-28 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 364, "slideType": "testimonial", "function": "expose_contradiction", "notes": "The slide uses direct quotes from a KOL to contradict the company's narrative of market growth.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-21918ac10c17/364", "deckHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17#slide-364", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-21918ac10c17", "docSlug": "f3db2294dcf9", "documentTitle": "Harmony Biosciences (HRMY)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2023-03-28 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 365, "slideType": "testimonial", "function": "expose_gap", "notes": "The slide uses direct Q&A transcripts to validate the thesis that the product has hit a growth ceiling.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-21918ac10c17/365", "deckHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17#slide-365", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-21918ac10c17", "docSlug": "f3db2294dcf9", "documentTitle": "Harmony Biosciences (HRMY)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2023-03-28 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 366, "slideType": "villain_critique", "function": "name_villain", "notes": "The slide uses direct quotes from physician interviews to build a negative case against the product's market performance.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-21918ac10c17/366", "deckHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17#slide-366", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 1, "slideType": "cover", "function": "front_matter", "notes": "The slide serves as a cover page for an activist short report, utilizing strong, accusatory language to frame the company as a fraudulent entity.", "imagePath": "https://imgproxy.kitesheet.com/EXAysibb1diTpWQ_NW53j8xYMtrMGfmxjN7seW8dhgg/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy85YWJhYTdhOWJiZmMvcDAwMS5wbmc", "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/1", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-1", "loopMatches": [], "arcBeatMatches": [ { "to": 4, "from": 1, "beatId": "4e5f2c96-3735-4dd4-a229-022afc75a193", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Introduction to Lasertec", "beatSlug": "heros-journey-ordinary-world", "evidence": "The deck begins with an introduction to Lasertec, setting the stage for the allegations.", "position": 0, "confidence": 0.8, "parentBeatName": "Setup", "parentBeatSlug": "setup" } ], "imagePathAlt": "https://imgproxy.kitesheet.com/WpdXTCCZ-w2e9VHeDG2bAvE_vgYnmDxDIxjc8U6P5pQ/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy85YWJhYTdhOWJiZmMvcDAwMS5qcGc", "thumbSrc": "https://imgproxy.kitesheet.com/aq80tQw83p_WusgCaRbMHdu72T1YODcPwU8-VzrbSx0/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy85YWJhYTdhOWJiZmMvcDAwMS5wbmc", "thumbSrcAlt": "https://imgproxy.kitesheet.com/hx9nSj5_eqjQ5LzdrIZl-YRaSPZQ1KrtFV4s2ysfJlk/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy85YWJhYTdhOWJiZmMvcDAwMS5qcGc" }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 2, "slideType": "quote_slide", "function": "establish_context", "notes": "The slide uses a dual-language quote structure to emphasize the theme of deception.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/2", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-2", "loopMatches": [], "arcBeatMatches": [ { "to": 4, "from": 1, "beatId": "4e5f2c96-3735-4dd4-a229-022afc75a193", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Introduction to Lasertec", "beatSlug": "heros-journey-ordinary-world", "evidence": "The deck begins with an introduction to Lasertec, setting the stage for the allegations.", "position": 0, "confidence": 0.8, "parentBeatName": "Setup", "parentBeatSlug": "setup" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 3, "slideType": "disclaimer", "function": "other", "notes": "Standard activist short-seller disclaimer covering conflicts of interest, lack of investment advice, and limitation of liability.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/3", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-3", "loopMatches": [], "arcBeatMatches": [ { "to": 4, "from": 1, "beatId": "4e5f2c96-3735-4dd4-a229-022afc75a193", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Introduction to Lasertec", "beatSlug": "heros-journey-ordinary-world", "evidence": "The deck begins with an introduction to Lasertec, setting the stage for the allegations.", "position": 0, "confidence": 0.8, "parentBeatName": "Setup", "parentBeatSlug": "setup" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 4, "slideType": "table_of_contents", "function": "front_matter", "notes": "The slide serves as an executive summary of the investigative findings presented in the deck.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/4", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-4", "loopMatches": [], "arcBeatMatches": [ { "to": 4, "from": 1, "beatId": "4e5f2c96-3735-4dd4-a229-022afc75a193", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Introduction to Lasertec", "beatSlug": "heros-journey-ordinary-world", "evidence": "The deck begins with an introduction to Lasertec, setting the stage for the allegations.", "position": 0, "confidence": 0.8, "parentBeatName": "Setup", "parentBeatSlug": "setup" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 5, "slideType": "table_of_contents", "function": "front_matter", "notes": "The content is highly critical, alleging product failure and deception by Lasertec.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/5", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-5", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 6, "slideType": "table_of_contents", "function": "summarize", "notes": "The slide functions as a detailed table of contents with summaries for each section.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/6", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-6", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 7, "slideType": "table_of_contents", "function": "front_matter", "notes": "The slide functions as a table of contents but contains substantive investigative claims (expose_contradiction/fraud_exposure) rather than just page numbers.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/7", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-7", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 8, "slideType": "table_of_contents", "function": "summarize", "notes": "The slide outlines a bearish thesis on Lasertec, citing market saturation and the impending entry of a superior competitor (KLA).", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/8", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-8", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 9, "slideType": "table_of_contents", "function": "summarize", "notes": "The slide functions as a detailed TOC/summary of specific investigative findings.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/9", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-9", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 10, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide highlights a discrepancy between market cap rank (64th in Japan) and trading volume (top 10 globally), comparing it to tech giants and semiconductor peers.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/10", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-10", "loopMatches": [ { "to": 20, "from": 10, "name": "Aha Moment", "slug": "03-aha-moment", "bestFor": "Data-heavy sections, research findings, analytical arguments", "matchId": "3822fa19-413b-4f6d-8835-4ad3f3272810", "evidence": "The deck presents a series of allegations that aim to surprise and inform investors.", "position": 0, "objective": "To reveal alleged financial irregularities", "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" } ], "arcBeatMatches": [ { "to": 30, "from": 10, "beatId": "bd79f099-56a6-4531-a131-c259f0b79c8f", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Allegations of accounting irregularities", "beatSlug": "overcoming-monster-the-monster", "evidence": "The deck presents various allegations of financial manipulation and irregularities.", "position": 1, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 11, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a narrative of 'CEO resignation at peak' as a red flag for potential fraud, citing Enron and Scorpion Capital's analysis.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/11", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-11", "loopMatches": [ { "to": 20, "from": 10, "name": "Aha Moment", "slug": "03-aha-moment", "bestFor": "Data-heavy sections, research findings, analytical arguments", "matchId": "3822fa19-413b-4f6d-8835-4ad3f3272810", "evidence": "The deck presents a series of allegations that aim to surprise and inform investors.", "position": 0, "objective": "To reveal alleged financial irregularities", "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" } ], "arcBeatMatches": [ { "to": 30, "from": 10, "beatId": "bd79f099-56a6-4531-a131-c259f0b79c8f", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Allegations of accounting irregularities", "beatSlug": "overcoming-monster-the-monster", "evidence": "The deck presents various allegations of financial manipulation and irregularities.", "position": 1, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 12, "slideType": "cite_precedent", "function": "cite_precedent", "notes": "The slide uses external media citations to establish the company's credibility and historical performance.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/12", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-12", "loopMatches": [ { "to": 20, "from": 10, "name": "Aha Moment", "slug": "03-aha-moment", "bestFor": "Data-heavy sections, research findings, analytical arguments", "matchId": "3822fa19-413b-4f6d-8835-4ad3f3272810", "evidence": "The deck presents a series of allegations that aim to surprise and inform investors.", "position": 0, "objective": "To reveal alleged financial irregularities", "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" } ], "arcBeatMatches": [ { "to": 30, "from": 10, "beatId": "bd79f099-56a6-4531-a131-c259f0b79c8f", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Allegations of accounting irregularities", "beatSlug": "overcoming-monster-the-monster", "evidence": "The deck presents various allegations of financial manipulation and irregularities.", "position": 1, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 13, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses screenshots from a corporate video to contrast the 'dream' being sold with the reality of the business model.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/13", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-13", "loopMatches": [ { "to": 20, "from": 10, "name": "Aha Moment", "slug": "03-aha-moment", "bestFor": "Data-heavy sections, research findings, analytical arguments", "matchId": "3822fa19-413b-4f6d-8835-4ad3f3272810", "evidence": "The deck presents a series of allegations that aim to surprise and inform investors.", "position": 0, "objective": "To reveal alleged financial irregularities", "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" } ], "arcBeatMatches": [ { "to": 30, "from": 10, "beatId": "bd79f099-56a6-4531-a131-c259f0b79c8f", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Allegations of accounting irregularities", "beatSlug": "overcoming-monster-the-monster", "evidence": "The deck presents various allegations of financial manipulation and irregularities.", "position": 1, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 14, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a narrative of 'the lie that grows' to characterize Lasertec, drawing parallels to Toshiba and Olympus.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/14", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-14", "loopMatches": [ { "to": 20, "from": 10, "name": "Aha Moment", "slug": "03-aha-moment", "bestFor": "Data-heavy sections, research findings, analytical arguments", "matchId": "3822fa19-413b-4f6d-8835-4ad3f3272810", "evidence": "The deck presents a series of allegations that aim to surprise and inform investors.", "position": 0, "objective": "To reveal alleged financial irregularities", "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" } ], "arcBeatMatches": [ { "to": 30, "from": 10, "beatId": "bd79f099-56a6-4531-a131-c259f0b79c8f", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Allegations of accounting irregularities", "beatSlug": "overcoming-monster-the-monster", "evidence": "The deck presents various allegations of financial manipulation and irregularities.", "position": 1, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 15, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a narrative of 'accounting fraud' to frame the financial data. The charts show a divergence between high EBIT margins and low/negative free cash flow relative to market cap.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/15", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-15", "loopMatches": [ { "to": 20, "from": 10, "name": "Aha Moment", "slug": "03-aha-moment", "bestFor": "Data-heavy sections, research findings, analytical arguments", "matchId": "3822fa19-413b-4f6d-8835-4ad3f3272810", "evidence": "The deck presents a series of allegations that aim to surprise and inform investors.", "position": 0, "objective": "To reveal alleged financial irregularities", "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" } ], "arcBeatMatches": [ { "to": 30, "from": 10, "beatId": "bd79f099-56a6-4531-a131-c259f0b79c8f", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Allegations of accounting irregularities", "beatSlug": "overcoming-monster-the-monster", "evidence": "The deck presents various allegations of financial manipulation and irregularities.", "position": 1, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 16, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a combination of narrative accusation and comparative data visualization to build a case for financial manipulation.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/16", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-16", "loopMatches": [ { "to": 20, "from": 10, "name": "Aha Moment", "slug": "03-aha-moment", "bestFor": "Data-heavy sections, research findings, analytical arguments", "matchId": "3822fa19-413b-4f6d-8835-4ad3f3272810", "evidence": "The deck presents a series of allegations that aim to surprise and inform investors.", "position": 0, "objective": "To reveal alleged financial irregularities", "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" } ], "arcBeatMatches": [ { "to": 30, "from": 10, "beatId": "bd79f099-56a6-4531-a131-c259f0b79c8f", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Allegations of accounting irregularities", "beatSlug": "overcoming-monster-the-monster", "evidence": "The deck presents various allegations of financial manipulation and irregularities.", "position": 1, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 17, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide highlights a contradiction/evasion by the CFO regarding inventory levels.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/17", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-17", "loopMatches": [ { "to": 20, "from": 10, "name": "Aha Moment", "slug": "03-aha-moment", "bestFor": "Data-heavy sections, research findings, analytical arguments", "matchId": "3822fa19-413b-4f6d-8835-4ad3f3272810", "evidence": "The deck presents a series of allegations that aim to surprise and inform investors.", "position": 0, "objective": "To reveal alleged financial irregularities", "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" } ], "arcBeatMatches": [ { "to": 30, "from": 10, "beatId": "bd79f099-56a6-4531-a131-c259f0b79c8f", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Allegations of accounting irregularities", "beatSlug": "overcoming-monster-the-monster", "evidence": "The deck presents various allegations of financial manipulation and irregularities.", "position": 1, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 18, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide highlights a specific accounting anomaly where 'Finished Goods' are absent from inventory, suggesting potential manipulation.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/18", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-18", "loopMatches": [ { "to": 20, "from": 10, "name": "Aha Moment", "slug": "03-aha-moment", "bestFor": "Data-heavy sections, research findings, analytical arguments", "matchId": "3822fa19-413b-4f6d-8835-4ad3f3272810", "evidence": "The deck presents a series of allegations that aim to surprise and inform investors.", "position": 0, "objective": "To reveal alleged financial irregularities", "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" } ], "arcBeatMatches": [ { "to": 30, "from": 10, "beatId": "bd79f099-56a6-4531-a131-c259f0b79c8f", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Allegations of accounting irregularities", "beatSlug": "overcoming-monster-the-monster", "evidence": "The deck presents various allegations of financial manipulation and irregularities.", "position": 1, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 19, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The text describes an investigative interview where an IR representative admitted the inventory classification is a 'secret' while the photos show finished products being loaded onto trucks.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/19", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-19", "loopMatches": [ { "to": 20, "from": 10, "name": "Aha Moment", "slug": "03-aha-moment", "bestFor": "Data-heavy sections, research findings, analytical arguments", "matchId": "3822fa19-413b-4f6d-8835-4ad3f3272810", "evidence": "The deck presents a series of allegations that aim to surprise and inform investors.", "position": 0, "objective": "To reveal alleged financial irregularities", "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" } ], "arcBeatMatches": [ { "to": 30, "from": 10, "beatId": "bd79f099-56a6-4531-a131-c259f0b79c8f", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Allegations of accounting irregularities", "beatSlug": "overcoming-monster-the-monster", "evidence": "The deck presents various allegations of financial manipulation and irregularities.", "position": 1, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 20, "slideType": "appendix_methodology", "function": "illustrate_case", "notes": "The slide outlines the investigative rigor behind the activist thesis, focusing on primary source interviews with industry experts.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/20", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-20", "loopMatches": [ { "to": 20, "from": 10, "name": "Aha Moment", "slug": "03-aha-moment", "bestFor": "Data-heavy sections, research findings, analytical arguments", "matchId": "3822fa19-413b-4f6d-8835-4ad3f3272810", "evidence": "The deck presents a series of allegations that aim to surprise and inform investors.", "position": 0, "objective": "To reveal alleged financial irregularities", "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" } ], "arcBeatMatches": [ { "to": 30, "from": 10, "beatId": "bd79f099-56a6-4531-a131-c259f0b79c8f", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Allegations of accounting irregularities", "beatSlug": "overcoming-monster-the-monster", "evidence": "The deck presents various allegations of financial manipulation and irregularities.", "position": 1, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 21, "slideType": "appendix_disclosure", "function": "other", "notes": "This slide serves as a disclosure of sources/interviewees for the activist report.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/21", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-21", "loopMatches": [], "arcBeatMatches": [ { "to": 30, "from": 10, "beatId": "bd79f099-56a6-4531-a131-c259f0b79c8f", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Allegations of accounting irregularities", "beatSlug": "overcoming-monster-the-monster", "evidence": "The deck presents various allegations of financial manipulation and irregularities.", "position": 1, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 22, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a Q&A format to expose potential accounting fraud and product failure.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/22", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-22", "loopMatches": [], "arcBeatMatches": [ { "to": 30, "from": 10, "beatId": "bd79f099-56a6-4531-a131-c259f0b79c8f", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Allegations of accounting irregularities", "beatSlug": "overcoming-monster-the-monster", "evidence": "The deck presents various allegations of financial manipulation and irregularities.", "position": 1, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 23, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide outlines five methods to normalize inventory levels and compares them against current reported figures to highlight potential accounting discrepancies.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/23", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-23", "loopMatches": [], "arcBeatMatches": [ { "to": 30, "from": 10, "beatId": "bd79f099-56a6-4531-a131-c259f0b79c8f", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Allegations of accounting irregularities", "beatSlug": "overcoming-monster-the-monster", "evidence": "The deck presents various allegations of financial manipulation and irregularities.", "position": 1, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 24, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "オリンパスや東芝の過去の不正会計事例と比較し、被害の深刻さを強調している。", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/24", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-24", "loopMatches": [], "arcBeatMatches": [ { "to": 30, "from": 10, "beatId": "bd79f099-56a6-4531-a131-c259f0b79c8f", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Allegations of accounting irregularities", "beatSlug": "overcoming-monster-the-monster", "evidence": "The deck presents various allegations of financial manipulation and irregularities.", "position": 1, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 25, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide presents Q&A style evidence to undermine the market perception of Lasertec's equipment utility.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/25", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-25", "loopMatches": [], "arcBeatMatches": [ { "to": 30, "from": 10, "beatId": "bd79f099-56a6-4531-a131-c259f0b79c8f", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Allegations of accounting irregularities", "beatSlug": "overcoming-monster-the-monster", "evidence": "The deck presents various allegations of financial manipulation and irregularities.", "position": 1, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 26, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a Q&A format to present negative expert testimony regarding Lasertec's A150 and A300 products.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/26", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-26", "loopMatches": [], "arcBeatMatches": [ { "to": 30, "from": 10, "beatId": "bd79f099-56a6-4531-a131-c259f0b79c8f", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Allegations of accounting irregularities", "beatSlug": "overcoming-monster-the-monster", "evidence": "The deck presents various allegations of financial manipulation and irregularities.", "position": 1, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 27, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide presents a series of quotes and Q&A segments from an industry expert (GlobalFoundries executive) casting doubt on Lasertec's product claims and financial health.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/27", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-27", "loopMatches": [], "arcBeatMatches": [ { "to": 30, "from": 10, "beatId": "bd79f099-56a6-4531-a131-c259f0b79c8f", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Allegations of accounting irregularities", "beatSlug": "overcoming-monster-the-monster", "evidence": "The deck presents various allegations of financial manipulation and irregularities.", "position": 1, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 28, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a Q&A format to highlight the lack of independent validation for the A300 and suggests the 'exchange' offer is a way to mask the obsolescence of the A150.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/28", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-28", "loopMatches": [], "arcBeatMatches": [ { "to": 30, "from": 10, "beatId": "bd79f099-56a6-4531-a131-c259f0b79c8f", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Allegations of accounting irregularities", "beatSlug": "overcoming-monster-the-monster", "evidence": "The deck presents various allegations of financial manipulation and irregularities.", "position": 1, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 29, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a Q&A format to present anecdotal evidence from industry insiders to challenge the company's public narrative.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/29", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-29", "loopMatches": [], "arcBeatMatches": [ { "to": 30, "from": 10, "beatId": "bd79f099-56a6-4531-a131-c259f0b79c8f", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Allegations of accounting irregularities", "beatSlug": "overcoming-monster-the-monster", "evidence": "The deck presents various allegations of financial manipulation and irregularities.", "position": 1, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 30, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide presents a series of Q&A and narrative excerpts highlighting technical limitations of Lasertec's actinic inspection tools and the competitive threat from KLA.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/30", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-30", "loopMatches": [], "arcBeatMatches": [ { "to": 30, "from": 10, "beatId": "bd79f099-56a6-4531-a131-c259f0b79c8f", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Allegations of accounting irregularities", "beatSlug": "overcoming-monster-the-monster", "evidence": "The deck presents various allegations of financial manipulation and irregularities.", "position": 1, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 31, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a Q&A format to highlight the lack of transparency regarding technical problems.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/31", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-31", "loopMatches": [], "arcBeatMatches": [ { "to": 60, "from": 31, "beatId": "a76b2e37-65ed-4001-9d9b-d869d169191e", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Technical issues with Lasertec's products", "beatSlug": "overcoming-monster-the-struggle", "evidence": "The deck highlights several technical problems with Lasertec's products.", "position": 2, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 32, "slideType": "other", "function": "establish_context", "notes": "The slide explains the technical foundation of the company's core business by detailing the photolithography process.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/32", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-32", "loopMatches": [], "arcBeatMatches": [ { "to": 60, "from": 31, "beatId": "a76b2e37-65ed-4001-9d9b-d869d169191e", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Technical issues with Lasertec's products", "beatSlug": "overcoming-monster-the-struggle", "evidence": "The deck highlights several technical problems with Lasertec's products.", "position": 2, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 33, "slideType": "other", "function": "establish_context", "notes": "The slide uses a timeline-based chart to show the reduction in resolution (nm) over time, correlating with specific light source technologies.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/33", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-33", "loopMatches": [], "arcBeatMatches": [ { "to": 60, "from": 31, "beatId": "a76b2e37-65ed-4001-9d9b-d869d169191e", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Technical issues with Lasertec's products", "beatSlug": "overcoming-monster-the-struggle", "evidence": "The deck highlights several technical problems with Lasertec's products.", "position": 2, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 34, "slideType": "other", "function": "establish_context", "notes": "The slide uses a technical diagram of the EUV machine with callouts to specific subsystems.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/34", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-34", "loopMatches": [], "arcBeatMatches": [ { "to": 60, "from": 31, "beatId": "a76b2e37-65ed-4001-9d9b-d869d169191e", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Technical issues with Lasertec's products", "beatSlug": "overcoming-monster-the-struggle", "evidence": "The deck highlights several technical problems with Lasertec's products.", "position": 2, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 35, "slideType": "other", "function": "illustrate_case", "notes": "The slide uses a technical diagram and a 3D render to explain the reflective nature of EUV masks.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/35", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-35", "loopMatches": [], "arcBeatMatches": [ { "to": 60, "from": 31, "beatId": "a76b2e37-65ed-4001-9d9b-d869d169191e", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Technical issues with Lasertec's products", "beatSlug": "overcoming-monster-the-struggle", "evidence": "The deck highlights several technical problems with Lasertec's products.", "position": 2, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 36, "slideType": "other", "function": "establish_context", "notes": "The slide provides technical background on EUV masks (blanks vs. reticles) to contextualize the company's niche market position.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/36", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-36", "loopMatches": [], "arcBeatMatches": [ { "to": 60, "from": 31, "beatId": "a76b2e37-65ed-4001-9d9b-d869d169191e", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Technical issues with Lasertec's products", "beatSlug": "overcoming-monster-the-struggle", "evidence": "The deck highlights several technical problems with Lasertec's products.", "position": 2, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 37, "slideType": "kpi_overview", "function": "present_framework", "notes": "The slide uses a process flow diagram to map specific product models to manufacturing stages.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/37", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-37", "loopMatches": [], "arcBeatMatches": [ { "to": 60, "from": 31, "beatId": "a76b2e37-65ed-4001-9d9b-d869d169191e", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Technical issues with Lasertec's products", "beatSlug": "overcoming-monster-the-struggle", "evidence": "The deck highlights several technical problems with Lasertec's products.", "position": 2, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 38, "slideType": "other", "function": "illustrate_case", "notes": "The slide explains the 'Actinic' technology advantage and provides unit pricing for four different inspection systems.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/38", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-38", "loopMatches": [], "arcBeatMatches": [ { "to": 60, "from": 31, "beatId": "a76b2e37-65ed-4001-9d9b-d869d169191e", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Technical issues with Lasertec's products", "beatSlug": "overcoming-monster-the-struggle", "evidence": "The deck highlights several technical problems with Lasertec's products.", "position": 2, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 39, "slideType": "cite_precedent", "function": "cite_precedent", "notes": "The slide details the 'founding customer' relationship between Intel and Lasertec, and the subsequent reliance on Ushio for light sources.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/39", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-39", "loopMatches": [], "arcBeatMatches": [ { "to": 60, "from": 31, "beatId": "a76b2e37-65ed-4001-9d9b-d869d169191e", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Technical issues with Lasertec's products", "beatSlug": "overcoming-monster-the-struggle", "evidence": "The deck highlights several technical problems with Lasertec's products.", "position": 2, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true } ] }