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  "docSlug": "86dfa89096f8",
  "documentTitle": "Momo, Inc. (MOMO)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2018-06-27 00:00:00",
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  "pageNumber": 10,
  "pageCount": 70,
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  "slideType": "problem_statement",
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  "density": "dense",
  "nDataPoints": 6,
  "notes": "Uses red flag icons to denote specific areas of concern.",
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      "kind": "callout",
      "text": "Spruce Point believes that anyone holding, or considering, an investment in Momo must get comfortable with the risks and unknown ramifications associated with the following red flags.",
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      "text": "Spruce Point Has Identified A Significant Number of Undisclosed Momo VIE Subsidiaries. It Is Uncommon For A U.S. Listed Company To Fail To Disclose The Subsidiaries (Subs) of Its VIE",
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      "text": "Undisclosed Charges of “Filing Corporate Information With the Intent To Conceal The Truth and Falsify” Against Beijing Momo By the State Administration for Industry and Commerce (SAIC) in China. This Announcement Coincided With The Resignation of Three Momo Directors For “Personal Reasons”",
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      "text": "Spruce Point Has Determined That Momo Owns At Least Two Undisclosed Talent Agencies And Is Engaging In Related Party Transactions",
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      "text": "Spruce Point believes that anyone holding, or considering, an investment in Momo must get comfortable with the risks and unknown ramifications associated with the following red flags. We believe that all of these items are unbeknownst to current investors and most (where relevant) to government officials.",
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      "text": "Spruce Point Has Significant Concerns Regarding Multiple Red Flags Identified At Momo",
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