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  "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": 16,
  "pageCount": 32,
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  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
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  "notes": "Uses a timeline diagram to visualize the discrepancy between public disclosure and private transaction history.",
  "elementsJson": [
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  "components": [
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      "kind": "callout",
      "text": "Two years later, on April 11, 2007, TLW Land & Cattle assigns working interest in those mineral rights to both SandRidge and WCT Resources",
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      "toolName": "Visual emphasis",
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      "kind": "diagram",
      "text": "Timeline of transactions from 2005 to 2012",
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      "kind": "list",
      "text": "What actually happened: On March 10, 2005, TLW Land & Cattle purchased land and mineral rights from Jane Purnell in Woods County, Oklahoma. Two years later, on April 11, 2007, TLW Land & Cattle assigns working interest in those mineral rights to both SandRidge and WCT Resources. On December 14, 2010, TLW Land & Cattle sells the land to Larry Noble. On April 23, 2012, WCT Resources assigns wellbore rights in that specific acreage to Sch'ree Ward, the wife of Tom Ward. On May 23, 2012, SandRidge starting drilling the Noble 1-16 well",
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      "kind": "list",
      "text": "SEC disclosure: From the 2009 proxy: \"In April 2007, we leased the minerals under a certain area in Woods County, Oklahoma from TLW Land & Cattle\"",
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      "kind": "quote",
      "text": "In April 2007, we leased the minerals under a certain area in Woods County, Oklahoma from TLW Land & Cattle — 2009 proxy",
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      "text": "1 Woods County: 16-28N-14W",
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      "kind": "title",
      "text": "Examples of flipping",
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      "evidence": "Contrasting SEC disclosure with actual transaction history to imply deceptive practices.",
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      "arcName": "Overcoming the Monster",
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      "evidence": "The presentation provides examples of flipping and adjacent acquisitions, detailing the struggle for transparency.",
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  "loops": [
    {
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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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