{
  "docId": "019dd923-622b-71dc-a6dc-5ae23aabda1f",
  "docSlug": "0de5d4c67f19",
  "documentTitle": "SandRidge Energy (SD)",
  "authorId": "16_TPG-Axon",
  "authorName": "Dinakar Singh",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2013-01-18 00:00:00",
  "orientation": "portrait",
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  "pageNumber": 13,
  "pageCount": 32,
  "prevPage": 12,
  "nextPage": 14,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "Uses a timeline diagram to visualize the discrepancy between the company's stated acquisition date and the actual transaction history.",
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  "metadataConfidence": 1,
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  "slideHref": "/slides/019dd923-622b-71dc-a6dc-5ae23aabda1f/13",
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  "components": [
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      "kind": "callout",
      "text": "Six months later, on May 23, 2012, WCT Resources flipped those specific leases to SandRidge",
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      "toolName": "Visual emphasis",
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    {
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      "kind": "diagram",
      "text": "Timeline showing events from May 2005 to Jan 2013 with boxes for transactions",
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      "kind": "list",
      "text": "SEC disclosure: From the 2013 consent revocation statement: \"In May 2012 and August 2012, we purchased a portion of the working interest in leases covering acreage in northern Oklahoma from WCT Resources\"",
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      "kind": "list",
      "text": "What actually happened: On May 20, 2005, TLW Land & Cattle purchased land and mineral rights from Edwin Herslee in Woods County, Oklahoma; On November 3, 2011, WCT Resources leased mineral rights from the TLW Land & Cattle in Woods County, Oklahoma; Six months later, on May 23, 2012, WCT Resources flipped those specific leases to SandRidge",
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      "kind": "quote",
      "text": "In May 2012 and August 2012, we purchased a portion of the working interest in leases covering acreage in northern Oklahoma from WCT Resources — 2013 consent revocation statement",
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      "kind": "source-note",
      "text": "1 Woods County: 17-28N-18W; 18-28N-18W; 20-28N-18W",
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      "kind": "title",
      "text": "Examples of flipping",
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  "metrics": [],
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  "frameworks": [
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      "evidence": "Contrasts SEC disclosure with actual timeline to prove misleading statements",
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      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Struggle",
      "beatSlug": "overcoming-monster-the-struggle",
      "evidence": "The presentation provides examples of flipping and adjacent acquisitions, detailing the struggle for transparency.",
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  "loops": [
    {
      "to": 32,
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      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
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      "evidence": "The presentation implies that inaction could lead to continued insider benefit at the expense of shareholders.",
      "position": 1,
      "objective": "What are the consequences of not addressing SandRidge's opaque transactions?",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
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