{
  "docId": "019dd923-622c-750b-8b97-7713cb2db73c",
  "docSlug": "db6aaeefee70",
  "documentTitle": "CPI Property Group (CPIPGR)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Muddy Waters Research",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2023-11-21 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 39,
  "pageCount": 51,
  "prevPage": 38,
  "nextPage": 40,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 2,
  "notes": "The slide highlights specific financial figures (€52.1M and €51.2M) as evidence of questionable transactions.",
  "elementsJson": [
    "headline_text",
    "paragraph"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b97-7713cb2db73c/39",
  "deckHref": "/decks/019dd923-622c-750b-8b97-7713cb2db73c",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b97-7713cb2db73c.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b97-7713cb2db73c#slide-39",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Patrick Vitek appears to have unjustifiably profited by at least €52.1 million over seven months by flipping the entity owning Immofinanz shares to CPI PG and having the purchase price retroactively adjusted upward.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-3f41-721f-9e54-66336280b691",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "illicit profit: €52.1 million",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-3f41-721f-9e54-69071a8ef8e9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.85,
        "x": 0.07,
        "y": 0.22
      },
      "kind": "paragraph",
      "text": "Patrick Vitek appears to have unjustifiably profited by at least €52.1 million over seven months by flipping the entity owning Immofinanz shares to CPI PG and having the purchase price retroactively adjusted upward.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "199e853b-ad23-4f1f-91fa-c6aa4c8624f1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.85,
        "x": 0.07,
        "y": 0.4
      },
      "kind": "paragraph",
      "text": "€51.2 million is a conservative estimate of the \"cream\" in WXZ1, as Patrick Vitek's holdings of Immofinanz appeared to benefit from CPI's reported interest in taking over the company.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "24db73f4-bf78-43e3-8410-bb658b00d910",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.35,
        "x": 0.07,
        "y": 0.05
      },
      "kind": "title",
      "text": "WXZ1 – Transaction Recap",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "eb004d34-bf7d-408e-89b7-82c6d1788b9b",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 51,
      "from": 7,
      "beatId": "710bc55b-2a40-47b4-94c4-ec2b7d194a9a",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "Expose Contradiction",
      "beatSlug": null,
      "evidence": "The majority of the document's slides are labeled as expose_contradiction, indicating a focus on revealing inconsistencies and questionable actions.",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}