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  "documentTitle": "Danimer Scientific (DNMR)",
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  "authorName": "Spruce Point Capital Management",
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      "text": "We spoke with a former Danimer employee who shared many of our beliefs of the Company. He told us Danimer is the same as it was years ago and continues to face the same challenges.",
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      "text": "We spoke with a former Danimer employee who shared many of our beliefs of the Company. He told us Danimer is the same as it was years ago and continues to face the same challenges.",
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      "text": "It was the same thing back then. It was all about name dropping. We were already working with Pepsi back then. We had big clients but they were small orders.... I am amazed the Company is worth so much money now and its still doing the same thing.",
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      "text": "John Dowdy was a know it all... I looked at all his financial models and they were just really bad... He was a good accountant but not a good CFO.",
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      "text": "PHA by itself does not satisfy the technical requirements of most applications where normal polymers are used right now... When you take gluten out of bread and use wheat flour or whatever doesn't have gluten and try to make bread, it just breaks and there is no elasticity. That is pretty much the same thing when you remove petrol from polymers. That's the really hard part.",
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      "text": "\"John Dowdy was a know it all... I looked at all his financial models and they were just really bad... He was a good accountant but not a good CFO.\" — Former Danimer Employee; \"It was the same thing back then. It was all about name dropping. We were already working with Pepsi back then. We had big clients but they were small orders.... I am amazed the Company is worth so much money now and its still doing the same thing.\" — Former Danimer Employee; \"PHA by itself does not satisfy the technical requirements of most applications where normal polymers are used right now... When you take gluten out of bread and use wheat flour or whatever doesn't have gluten and try to make bread, it just breaks and there is no elasticity. That is pretty much the same thing when you remove petrol from polymers. That’s the really hard part.\" — Former Danimer Employee",
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      "text": "Source: Spruce Point research",
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      "text": "An Insider's Perspective",
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