{
  "docId": "019dd923-622c-750b-8b98-56362394aa64",
  "docSlug": "6dfd595fdfac",
  "documentTitle": "Ballard Power Systems (BLDP)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2018-01-25 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 46,
  "pageCount": 60,
  "prevPage": 45,
  "nextPage": 47,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 4,
  "notes": "The slide uses red flag icons to emphasize findings that contradict expected performance or operational efficiency.",
  "elementsJson": [
    "headline_text",
    "callout_box",
    "photo",
    "footnote",
    "bullet_list"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b98-56362394aa64/46",
  "deckHref": "/decks/019dd923-622c-750b-8b98-56362394aa64",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b98-56362394aa64.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-56362394aa64#slide-46",
  "components": [
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.19
      },
      "kind": "callout",
      "text": "The refueling station attendant told our investigators that they only refuel one bus per day.",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ba81b343-1e5e-4067-9730-0a4ae05931e2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.28,
        "w": 0.88,
        "x": 0.06,
        "y": 0.25
      },
      "kind": "image",
      "text": "Photo of the hydrogen refueling station",
      "attrs": null,
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2a2dd282-9458-4077-ad7c-67f9ef28ecc9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.9,
        "x": 0.06,
        "y": 0.61
      },
      "kind": "list",
      "text": "Our investigators visited the hydrogen refueling station in Danzao Village, Nanhai District Foshan (pictured above). It is the only commercial refueling station in China (source)\nThe facility cost RMB 15 million to build and is owned by the local government. All the critical equipment is imported from Germany\nThere is a rebate of RMB 4 million available for refueling stations of this scale. They had not applied for the rebate and they were not sure how or if it could be obtained\nThe station has storage capacity of 350 kg and can refuel about 14 – 15 buses per day. We were told they only refill one bus per day",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c0d5cd4f-fec2-411c-9fb6-e4cc535ef9cf",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.5,
        "x": 0.06,
        "y": 0.54
      },
      "kind": "source-note",
      "text": "Source: J Capital. The first public hydrogen refueling station in Foshan, Guangdong.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "baeb441c-7c8c-4979-976b-23f5717c0e6b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.68,
        "x": 0.28,
        "y": 0.03
      },
      "kind": "title",
      "text": "Findings From Investigators Visit to Foshan (Guangdong) Refueling Station",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e70dd34b-61c2-4d21-8b58-69ce8100fc65",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "1e687387-1023-4989-924d-decf6ed5a6a3",
      "evidence": "The slide uses on-site investigation findings to expose operational discrepancies and potential mismanagement.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}