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  "docSlug": "6dfd595fdfac",
  "documentTitle": "Ballard Power Systems (BLDP)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2018-01-25 00:00:00",
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      "text": "Investigators heard from competitors that Broad Ocean has failed to sell those 400 motors and this has become a huge drag on the company's cash flow",
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      "text": "As the Ballard Synergy joint venture could not produce the stacks, Broad Ocean then decided in April and June of 2017 to import a total of 600 fuel cell modules directly from Ballard's Canadian operations. Broad Ocean told investigators it has already imported 400 of those modules.",
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      "text": "The plan was for the joint venture with Zhongtong to purchase stacks from Ballard, and later from the Ballard Synergy joint venture. When investigators visited Broad Ocean in November 2017 they were informed that the Ballard Synergy JV is currently unable to provide them with fuel cell stacks. This venture was to produce 1,000 vehicles in 2018.",
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      "text": "Investigators heard from competitors that Broad Ocean has failed to sell those 400 motors and this has become a huge drag on the company's cash flow. We believe this is further evidence that the joint venture with Zhongtong will not proceed.",
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      "kind": "title",
      "text": "Broad Ocean: Stuffed With Unsold Inventory?",
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