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  "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",
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  "pageNumber": 15,
  "pageCount": 32,
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  "slideType": "expose_contradiction",
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  "density": "dense",
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  "notes": "Uses a timeline diagram to visualize the discrepancy between the disclosed narrative and the actual transaction sequence.",
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      "kind": "callout",
      "text": "Twelve months later, on October 21, 2008, WCT Resources flipped those specific leases to SandRidge with an effective date of November 6, 2007",
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      "kind": "diagram",
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      "kind": "list",
      "text": "What actually happened: On October 1, 2007, WCT Resources leased mineral rights from the TLW Land & Cattle in Woods County, Oklahoma. Twelve months later, on October 21, 2008, WCT Resources flipped those specific leases to SandRidge.",
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      "kind": "list",
      "text": "SEC disclosure: From the 2009 proxy: “WCT Resources L.L.C., a limited liability company for the benefit of Mr. Ward’s children, participated as a working interest owner in our development of the area”",
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      "kind": "quote",
      "text": "From the 2009 proxy: \"WCT Resources L.L.C., a limited liability company for the benefit of Mr. Ward's children, participated as a working interest owner in our development of the area\" — SEC disclosure",
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      "kind": "source-note",
      "text": "1 Woods County: 17-24N-14W",
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      "kind": "title",
      "text": "Examples of flipping",
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      "name": "Cost Of Inaction",
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      "evidence": "The presentation implies that inaction could lead to continued insider benefit at the expense of shareholders.",
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      "objective": "What are the consequences of not addressing SandRidge's opaque transactions?",
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