{
  "docId": "019dd923-622c-750b-8b95-ad799e03bd2b",
  "docSlug": "fd245f907dd4",
  "documentTitle": "Orient Paper Inc. (ONP)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2010-06-28 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.70695555,
  "pageNumber": 19,
  "pageCount": 30,
  "prevPage": 18,
  "nextPage": 20,
  "slideType": "villain_critique",
  "function": "name_villain",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": "This slide is part of a short-seller report by Muddy Waters, LLC, intended to expose operational deficiencies.",
  "elementsJson": [
    "photo"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b95-ad799e03bd2b/19",
  "deckHref": "/decks/019dd923-622c-750b-8b95-ad799e03bd2b",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b95-ad799e03bd2b.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b95-ad799e03bd2b#slide-19",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Amateur Hour at ONP. Note the water on the folding tables – and even on the paper being folded. Once paper is exposed to water, it is unsuitable for printing and loses strength.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-78b8-76f8-9f0c-4ee1adedddbd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.78,
        "x": 0.11,
        "y": 0.94
      },
      "kind": "disclaimer",
      "text": "Muddy Waters, LLC | ONP June 28, 2010 | Page 19 of 30",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "73732fd2-38f0-4749-89d3-0a49744f58bd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.38,
        "x": 0.11,
        "y": 0.53
      },
      "kind": "image",
      "text": "Worker in a messy environment with water on folding tables and paper.",
      "attrs": null,
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "40cea4a9-badb-40bf-90e5-dad89294a6e6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.4,
        "w": 0.7,
        "x": 0.15,
        "y": 0.09
      },
      "kind": "image",
      "text": "Close up of white paper production line showing age and poor maintenance.",
      "attrs": null,
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7b4296e6-2258-4ae1-961f-31e88aed5817",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.39,
        "x": 0.5,
        "y": 0.53
      },
      "kind": "image",
      "text": "Close up of paper exposed to water.",
      "attrs": null,
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c95efa64-89b0-44e5-b090-c891502a050f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.76,
        "x": 0.12,
        "y": 0.82
      },
      "kind": "paragraph",
      "text": "Amateur Hour at ONP. Note the water on the folding tables – and even on the paper being folded. Once paper is exposed to water, it is unsuitable for printing and loses strength.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5e14445c-f17a-466c-96f9-7722882dbcc2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.6,
        "x": 0.2,
        "y": 0.49
      },
      "kind": "paragraph",
      "text": "Age and poor maintenance are apparent in this close up of the white paper production line.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dc655df6-f83b-459e-bac4-335dbf5797d1",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 28,
      "from": 3,
      "beatId": "66591126-ef8c-444e-a107-c7ec3cd5ece0",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "Expose Contradiction",
      "beatSlug": null,
      "evidence": "The document presents numerous contradictions in ONP's statements and actions.",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    },
    {
      "to": 23,
      "from": 11,
      "beatId": "8c4cedc9-c13c-4d45-be96-adabde76a4ce",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "Villain Critique",
      "beatSlug": null,
      "evidence": "The document critiques ONP's actions and management, portraying them as villainous.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}