{
  "docId": "019dd923-622c-750b-8b96-887fc16266b2",
  "docSlug": "fec10e6c84a3",
  "documentTitle": "Asanko Gold Inc. (AKG)",
  "authorId": "51_Muddy_Waters",
  "authorName": null,
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2017-06-05 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 9,
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  "slideType": "expose_contradiction",
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  "nDataPoints": 4,
  "notes": "Includes a sarcastic image of a puppy with a rainbow, typical of Muddy Waters' aggressive/mocking style.",
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  "slideHref": "/slides/019dd923-622c-750b-8b96-887fc16266b2/9",
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      "text": "Puppy with rainbow",
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      "kind": "list",
      "text": "The company just stated Messrs. Breese and Steyn “have not sold any Asanko shares”,\nHighland Park invested “$32.5 million as a management team” which was 9,443,500 shares at the then market price, but\nIR recently emailed an investor that “Management, directors and officers own 2.18%. Colin Steyn holds 2.4m shares Peter holds 680,000 shares” (total ~3.1 million shares)",
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      "kind": "title",
      "text": "3. Were Messrs. Breese and Steyn’s stakes always this immaterial, or did they in fact sell down?",
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      "evidence": "Contrasts company statement with IR email data",
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      "evidence": "The remaining slides continue to expose contradictions, implying a need for a solution.",
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      "objective": "What is the justification for including inferred ore and ounces in depletion from reserves?",
      "structure": "The Familiar Domain -> Key Parallel -> Applied to Our Situation -> Insight",
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      "evidence": "The question about executive stakes suggests an iceberg loop.",
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      "objective": "What are the implications of Messrs. Breese and Steyn's stake sales?",
      "structure": "The Symptom (Visible) -> The System (Hidden) -> The Root Cause",
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