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  "documentTitle": "Danimer Scientific (DNMR)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2021-04-22 00:00:00",
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      "kind": "callout",
      "text": "We found Danimer's story has consistently changed. In 2012, a press release stated, \"expected production rates exceeding 300,000 tons per year.\" This press release used to be on the Company's website and his since been scrubbed from the internet. However, in October 2013, the Company's press release stated \"Meredian will produce over 30,000 tons of PHA per year.\" With numerous inconsistencies and many of the same management team in place, what are investors supposed to believe?",
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      "kind": "callout",
      "text": "With numerous inconsistencies and many of the same management team in place, what are investors supposed to believe?",
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      "kind": "quote",
      "text": "\"Having the largest PHA production facility in the world, Meredian will produce over 30,000 tons of PHA per year at the Bainbridge facility.\" — Michael Smith, VP Manufacturing & Engineering, Meredian",
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      "text": "October 2012: Polyhydroxyalkanoate (PHA) is a highly functional bioplastic made from renewable and natural resources. Meredian's new plant is the largest bioplastics facility in the world, featuring 190,000 square feet of manufacturing space with expected production rates exceeding 300,000 tons per year and an estimated 150% growth in jobs over the next 24 months. With $32 million in community investment to date, Congressman Bishop's office assisted Meredian in getting loan support from the U.S. Department of Agriculture.",
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      "text": "October 2013: \"Having the largest PHA production facility in the world, Meredian will produce over 30,000 tons of PHA per year at the Bainbridge facility. We recognize that growth is required for bioplastic materials. Engineering plans are now completed for 'right sized' Meredian facilities to be placed globally to best serve our customers. The company expects multiple projects to be underway simultaneously in order to meet the demand of our customers,\" states Michael Smith, VP Manufacturing & Engineering, Meredian.",
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      "text": "A Consistently Changing Story",
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