{
  "docId": "019dd923-622c-750b-8b96-7905fc2a0f1b",
  "docSlug": "18c2957f2a91",
  "documentTitle": "Stroer SE & Co. KGaA (SAX)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Muddy Waters Capital",
  "documentKindSlug": "other",
  "documentKindLabel": "Other",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2016-08-10 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 68,
  "pageCount": 91,
  "prevPage": 67,
  "nextPage": 69,
  "slideType": "other",
  "function": "other",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": "Transcript of shareholder questions regarding financial transparency, acquisitions (freeXmedia, Pacemaker), and consulting fees.",
  "elementsJson": [
    "paragraph"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b96-7905fc2a0f1b/68",
  "deckHref": "/decks/019dd923-622c-750b-8b96-7905fc2a0f1b",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b96-7905fc2a0f1b.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-7905fc2a0f1b#slide-68",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "If you don't answer this, it will be clear that you have something to hide. Or do you owe a favor to a major shareholder?",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-ee37-76cb-8479-b52a9e0717d2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.85,
        "w": 0.38,
        "x": 0.51,
        "y": 0.08
      },
      "kind": "paragraph",
      "text": "The EBITDA figures for business advertising in the last three years in the financial figures prior to acquisition by Ströer would interest me. You have bought a company so you must be familiar with the figures...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "874263f7-2908-4cc6-90ba-659a59b2ccc2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.85,
        "w": 0.38,
        "x": 0.11,
        "y": 0.08
      },
      "kind": "paragraph",
      "text": "Vilanek, Chairman: I haven't understood it that way, either. We should stay on topic. Kiel: Okay, sorry. - On the matter of BaFin. You said that Ströer informed BaFin. BaFin is checking for market manipulation...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ffc86ab8-044e-492e-8d18-bffdb766d01b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "That, I think, is hiding and retreating behind BaFin and sounds more like impotence than strategy. — Mr. Kiel",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd952-ee37-76cb-8479-bb6b6dc057d8",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 91,
      "from": 51,
      "beatId": "c9285d19-cde5-4dc6-a991-ddb0ebeb5cb0",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Impact & Next Steps",
      "beatSlug": "consultants-gambit-impact-next-steps",
      "evidence": "The final slides discuss the implications and next steps",
      "position": 3,
      "confidence": 0.7,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}