{
  "kind": "all",
  "value": "all",
  "collectionKey": "slides:all:all:all-document-kinds:all-producers:all-orientations",
  "filters": {
    "documentKinds": [],
    "sourceTypes": [],
    "orientations": []
  },
  "total": 319975,
  "page": 2204,
  "pageSize": 60,
  "pageCount": 5333,
  "rows": [
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 1,
      "slideType": "executive_summary",
      "function": "diagnose_problem",
      "notes": "This is a short-seller research note cover/summary page.",
      "imagePath": "https://imgproxy.kitesheet.com/Zr8lbF5lykx-e8Sq54j1ZJXEwBWA3hgb79IGY0IqI58/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9mMjg5YmQ5N2EzZjUvcDAwMS5wbmc",
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/1",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-1",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": "https://imgproxy.kitesheet.com/dFhp1ABM7SUx8hcCSXSrhDJVFit3fJ1vD-0nUFND3kg/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9mMjg5YmQ5N2EzZjUvcDAwMS5qcGc",
      "thumbSrc": "https://imgproxy.kitesheet.com/CDIFiUs0h5sS3EfE1_HMvnRT2FZ377YXtYP9vKkx2bs/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9mMjg5YmQ5N2EzZjUvcDAwMS5wbmc",
      "thumbSrcAlt": "https://imgproxy.kitesheet.com/XKcNz6VkbvwPv4A4RcWFF6c8dKI9cUR6jGcm4eCYhDs/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9mMjg5YmQ5N2EzZjUvcDAwMS5qcGc"
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 2,
      "slideType": "disclaimer",
      "function": "other",
      "notes": "Includes specific disclosure regarding short positions in GSX Techedu.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/2",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-2",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 3,
      "slideType": "table_of_contents",
      "function": "front_matter",
      "notes": null,
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/3",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-3",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 4,
      "slideType": "executive_summary",
      "function": "frame_situation",
      "notes": "This is a short-seller report introduction setting up a 'too good to be true' narrative.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/4",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-4",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 5,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses financial data to cast doubt on the legitimacy of GSX's reported margins.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/5",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-5",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 7,
          "from": 5,
          "beatId": "cb437060-21c5-4c96-9091-2e63f3ed517b",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Gross margin and net profit discrepancies",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 6,
      "slideType": "villain_critique",
      "function": "expose_contradiction",
      "notes": "The slide uses a chart to establish a baseline for market pricing, then pivots to a list of four specific accusations of fraud.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/6",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-6",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 7,
          "from": 5,
          "beatId": "cb437060-21c5-4c96-9091-2e63f3ed517b",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Gross margin and net profit discrepancies",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        },
        {
          "to": 6,
          "from": 6,
          "beatId": "ddef37ff-4f57-442f-8294-9003a81b04cf",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Villain Critique",
          "beatSlug": null,
          "evidence": "GSX's superior financial performance is driven by undisclosed financial shenanigans",
          "position": 1,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 7,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a 'fraud-exposure' framework to contrast public SEC filings with private Chinese credit reports.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/7",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-7",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 7,
          "from": 5,
          "beatId": "cb437060-21c5-4c96-9091-2e63f3ed517b",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Gross margin and net profit discrepancies",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 8,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses two tables to compare credit report data against SEC filings, specifically pointing out a 74.6% overstatement in 2018 net profit.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/8",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-8",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 9,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a forensic research style to allege financial manipulation via related party transactions.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/9",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-9",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 10,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a corporate structure diagram and a supporting table to demonstrate that Beijing Youlian shares an address with GSX entities, contradicting the claim of independence.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/10",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-10",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 11,
      "slideType": "other",
      "function": "illustrate_case",
      "notes": "Slide 11 of a Grizzly Reports document.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/11",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-11",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 12,
      "slideType": "other",
      "function": "other",
      "notes": "This appears to be a screenshot of a job listing page, likely used as evidence in a research report.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/12",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-12",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 13,
      "slideType": "other",
      "function": "other",
      "notes": "The slide is a screenshot of a job listing from a Chinese recruitment platform, marked as expired.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/13",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-13",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 14,
      "slideType": "other",
      "function": "other",
      "notes": "The slide serves as evidence of hiring activity or operational focus for the company Jiazhang Jia.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/14",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-14",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 15,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide presents a job posting screenshot to argue that two entities are effectively the same company.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/15",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-15",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 16,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a resume excerpt and a corporate registry screenshot to suggest potential accounting irregularities (cookie-jar accounting).",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/16",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-16",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 17,
      "slideType": "other",
      "function": "expose_contradiction",
      "notes": "Includes a direct quote from the founder and a Q&A regarding the business model.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/17",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-17",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 18,
      "slideType": null,
      "function": null,
      "notes": "Image file /tmp/legacy-images/f289bd97a3f5/slides/018.jpg not available for inspection.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/18",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-18",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 19,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses SAIC filing data to highlight suspicious financial and operational ties between GSX and a disposed entity.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/19",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-19",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 20,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "Includes a table summarizing a shareholder change event from Qichacha.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/20",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-20",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 20,
          "from": 20,
          "beatId": "a190d26e-dad0-4c30-bd34-a74e40ee50b6",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Capex fraud in commercial building purchase",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 21,
      "slideType": "appendix_data",
      "function": "analyze_data",
      "notes": "Includes a table with project specifications and a translation of Chinese project details.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/21",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-21",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 22,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "This is a page from a short-seller research report (Grizzly Reports) accusing GSX of financial manipulation.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/22",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-22",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 23,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a 'Translation' section to provide English context for Chinese source material.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/23",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-23",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 23,
          "from": 23,
          "beatId": "f7fc9152-12f6-4899-9c25-0b4e5e5fc29f",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Fake student enrollments",
          "position": 3,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 24,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "Includes a screenshot of a mobile profile on GSX's platform advertising 'Hiring Mobile Typist and Order Brushing Personnel'.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/24",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-24",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 25,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses screenshots of WeChat conversations to demonstrate astroturfing or fake review generation.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/25",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-25",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 26,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide presents screenshots of WeChat-style group chats where multiple users posted identical praise for the teacher, which the report characterizes as 'review brushing'.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/26",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-26",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 27,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide highlights coordinated inauthentic behavior (astroturfing) by showing identical comments posted by different users in different groups.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/27",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-27",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 28,
      "slideType": "peer_gap",
      "function": "expose_gap",
      "notes": "The chart uses a logarithmic scale for Alexa rank, where lower values (higher on the chart) indicate higher traffic.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/28",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-28",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 28,
          "from": 28,
          "beatId": "dee92cbd-2f06-4ef4-87c4-542c29aab286",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Peer Gap",
          "beatSlug": null,
          "evidence": "GSX lagging behind its peers",
          "position": 4,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 29,
      "slideType": "competitive_analysis",
      "function": "compare_peers",
      "notes": "The slide uses a Yahoo Finance stock chart and a Baidu Index search trend chart to argue that GSX's stock performance is disconnected from its actual market popularity.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/29",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-29",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 30,
      "slideType": "comparison_table",
      "function": "analyze_data",
      "notes": "The slide uses two line charts to contrast short-term spikes in interest (early 2020) with long-term historical search volume.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/30",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-30",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 31,
      "slideType": "competitive_analysis",
      "function": "compare_peers",
      "notes": "The chart shows search volume trends for GSX, Gaotu, Vipkid, Zuoyebang, and Yuanfudao. The text notes that GSX and Gaotu have not outperformed competitors.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/31",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-31",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 32,
      "slideType": "comparison_table",
      "function": "compare_peers",
      "notes": "The slide uses screenshots of the WeChat Index interface to compare search volume trends for GSX, Gaotu, and competitors.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/32",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-32",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 33,
      "slideType": "appendix_data",
      "function": "analyze_data",
      "notes": "Includes source citations and methodological notes regarding enrollment estimation for TAL.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/33",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-33",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 34,
      "slideType": "appendix_data",
      "function": "analyze_data",
      "notes": "Includes methodology notes regarding data substitution and estimation for enrollment figures.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/34",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-34",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 35,
      "slideType": "peer_benchmark",
      "function": "compare_peers",
      "notes": "The slide uses two bar charts to analyze GSX's performance relative to peers in terms of engagement and traffic acquisition.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/35",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-35",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 36,
      "slideType": "appendix_data",
      "function": "analyze_data",
      "notes": "The slide uses app download volume as a proxy for enrollment to compare GSX and Gaotu against competitors.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/36",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-36",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 37,
      "slideType": "comparison_table",
      "function": "analyze_data",
      "notes": "The slide uses two bar charts to demonstrate that GSX (even when consolidated with Gaotu) lags significantly behind competitors in app downloads.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/37",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-37",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 38,
      "slideType": "precedent_table",
      "function": "compare_peers",
      "notes": "The table lists companies, their English names/tickers, and influence scores.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/38",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-38",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 39,
      "slideType": "peer_benchmark",
      "function": "compare_peers",
      "notes": "The slide uses external ranking data and QuestMobile reports to argue that GSX's high valuation is disconnected from its actual market performance.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/39",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-39",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 40,
      "slideType": "comparison_table",
      "function": "expose_contradiction",
      "notes": "The slide uses a line chart to show DAU trends and a market segmentation map to show industry players.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/40",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-40",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 41,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "Includes a screenshot of a Chinese social media post (likely Zhihu) from a former employee criticizing company management, product design, and business model.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/41",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-41",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 42,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a screenshot of a social media post (likely Zhihu) to provide primary source evidence of internal company dysfunction.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/42",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-42",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 43,
      "slideType": null,
      "function": null,
      "notes": "Image file /tmp/legacy-images/f289bd97a3f5/slides/043.jpg not available for inspection.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/43",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-43",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 44,
      "slideType": null,
      "function": null,
      "notes": "Image file /tmp/legacy-images/f289bd97a3f5/slides/044.jpg not available for inspection.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/44",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-44",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 45,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "This is a short-seller research note documenting technical issues with a platform's registration flow.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/45",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-45",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 46,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a narrative approach to point out operational failures as evidence of bad business practices.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/46",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-46",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 47,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses investigative research to cast doubt on the integrity of the company's financial officers.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/47",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-47",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 48,
      "slideType": "villain_critique",
      "function": "name_villain",
      "notes": "The slide presents anecdotal evidence of labor exploitation and visa fraud to support a negative assessment of certain entities.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/48",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-48",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 49,
      "slideType": "villain_critique",
      "function": "name_villain",
      "notes": "This is a short-seller research report page focusing on management credibility.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/49",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-49",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 50,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses annotated tables and callouts to highlight specific entities in government lists.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/50",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-50",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 51,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "This is a short-seller research note alleging regulatory non-compliance.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/51",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-51",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 52,
      "slideType": "precedent_table",
      "function": "expose_contradiction",
      "notes": "The slide uses data from the company's prospectus to argue that the offering was a liquidity event for insiders rather than a capital raise for the company.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/52",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-52",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 53,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a narrative structure to build a case against the company's stability by linking insider exits to financial risk.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/53",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-53",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "docSlug": "f289bd97a3f5",
      "documentTitle": "GSX Techedu (GSX)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2020-02-25 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 54,
      "slideType": "closing_ask",
      "function": "summarize",
      "notes": "This is the final page of a short-seller research report.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d9e512d5a5f7/54",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d9e512d5a5f7#slide-54",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d6fa7836acbf",
      "docSlug": "880ddcedf153",
      "documentTitle": "Trulieve Cannabis Corp (TRUL)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-12-01 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 21,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a bar chart for TTM Net Income and a line chart for Revenue to Biological Assets Ratio to highlight Trulieve's outlier status.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d6fa7836acbf/21",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d6fa7836acbf",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d6fa7836acbf#slide-21",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d6fa7836acbf",
      "docSlug": "880ddcedf153",
      "documentTitle": "Trulieve Cannabis Corp (TRUL)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-12-01 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 22,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a Grizzly Research report style to critique Trulieve's financial reporting, comparing it to the Huishan Dairy fraud case.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d6fa7836acbf/22",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d6fa7836acbf",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d6fa7836acbf#slide-22",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d6fa7836acbf",
      "docSlug": "880ddcedf153",
      "documentTitle": "Trulieve Cannabis Corp (TRUL)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-12-01 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 23,
      "slideType": "peer_gap",
      "function": "expose_gap",
      "notes": "The slide combines two distinct arguments: financial impropriety (insider loans) and operational inefficiency (low crop yields compared to peers).",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d6fa7836acbf/23",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d6fa7836acbf",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d6fa7836acbf#slide-23",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d6fa7836acbf",
      "docSlug": "880ddcedf153",
      "documentTitle": "Trulieve Cannabis Corp (TRUL)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-12-01 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 24,
      "slideType": "villain_critique",
      "function": "expose_contradiction",
      "notes": "The slide uses a skeptical tone to challenge the company's expansion strategy and transparency.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d6fa7836acbf/24",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d6fa7836acbf",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d6fa7836acbf#slide-24",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d6fa7836acbf",
      "docSlug": "880ddcedf153",
      "documentTitle": "Trulieve Cannabis Corp (TRUL)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-12-01 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 25,
      "slideType": "other",
      "function": "expose_contradiction",
      "notes": "The slide combines general regulatory information with specific investigative allegations regarding Trulieve's acquisitions.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d6fa7836acbf/25",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d6fa7836acbf",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d6fa7836acbf#slide-25",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b9a-d6fa7836acbf",
      "docSlug": "880ddcedf153",
      "documentTitle": "Trulieve Cannabis Corp (TRUL)",
      "authorId": "62_Grizzly_Research",
      "authorName": "Grizzly Reports",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-12-01 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 26,
      "slideType": "executive_summary",
      "function": "summarize",
      "notes": "Includes a screenshot of a LinkedIn profile for Geri Ann Bradley as a supporting exhibit for the argument.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b9a-d6fa7836acbf/26",
      "deckHref": "/decks/019dd923-622c-750b-8b9a-d6fa7836acbf",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-d6fa7836acbf#slide-26",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    }
  ]
}