{
  "docId": "019dd923-622c-750b-8b98-d3d87669988f",
  "docSlug": "e2fe4c87e4ef",
  "documentTitle": "Plug Power Inc. (PLUG)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-12-19 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 9,
  "pageCount": 40,
  "prevPage": 8,
  "nextPage": 10,
  "slideType": "section_divider",
  "function": "transition",
  "density": "sparse",
  "nDataPoints": 0,
  "notes": "Spruce Point Capital Management branding (tree logo).",
  "elementsJson": [
    "headline_text"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b98-d3d87669988f/9",
  "deckHref": "/decks/019dd923-622c-750b-8b98-d3d87669988f",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b98-d3d87669988f.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-d3d87669988f#slide-9",
  "components": [
    {
      "bbox": {
        "h": 0.02,
        "w": 0.5,
        "x": 0.45,
        "y": 0.96
      },
      "kind": "disclaimer",
      "text": "Proprietary and Confidential –May Not Be Distributed or Copied Without Spruce Point Capital Management, LLC Consent",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "79cb1e35-c7dd-495f-943f-a68062160510",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.4,
        "w": 0.2,
        "x": 0.07,
        "y": 0.3
      },
      "kind": "image",
      "text": "Spruce Point tree logo",
      "attrs": null,
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6a1bfe4e-c68a-46f0-8cf7-68b2d7b32b16",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.58,
        "x": 0.37,
        "y": 0.408
      },
      "kind": "title",
      "text": "Capital Structure, Dilution, And Questionable Management Undermine Credibility Of Bull Case",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "01f38b4f-6695-4fe4-bf9b-2c709f0e5c30",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Section divider",
      "slug": "section-divider",
      "agent": null,
      "layer": "slide",
      "matchId": "8854aac5-f96f-4064-a2e7-3455a785f1b8",
      "evidence": "This slide is a section divider.",
      "confidence": 0.9
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 39,
      "from": 7,
      "beatId": "aff8fa50-4988-4771-b3a6-4b387373ecdb",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Expose Contradiction",
      "beatSlug": null,
      "evidence": "The majority of the deck is spent exposing contradictions in PLUG's financials and business practices",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    },
    {
      "to": 9,
      "from": 9,
      "beatId": "3ca496b0-57e9-4d31-9105-9d7096b118e1",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Section Divider",
      "beatSlug": null,
      "evidence": "A section divider highlighting the capital structure, dilution, and questionable management",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}