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  "docSlug": "da9f1a22e4af",
  "documentTitle": "Danimer Scientific (DNMR)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-04-22 00:00:00",
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  "pageNumber": 39,
  "pageCount": 63,
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  "notes": "Uses a quote-based contradiction framework to highlight the gap between management's narrative and actual contractual commitments.",
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      "kind": "callout",
      "text": "When asked about contracts for the new greenfield capacity, Danimer CEO stated it's only around 10% and that most of the demand is based on forecasts and not actual agreements with customers.",
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      "text": "On March 29th, 2021, Danimer announced plans for a $700 million expansion to double the size of its greenfield plant “to serve our growing order commitments from customers” and “forecast that the greenfield plant will be sold out”. When asked about contracts for the new greenfield capacity, Danimer CEO stated it’s only around 10% and that most of the demand is based on forecasts and not actual agreements with customers.",
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      "kind": "quote",
      "text": "\"To that point on Slide 13, we are moving toward a bioplastic world even faster than we projected 6 months ago... Upon completion, we will be in a much better position to serve our growing order commitments from customers.\" — Stephen Croskrey, CEO Danimer Scientific; \"Yes. It's -- in the early years, I would say it's roughly 10% under contract... And so we -- while we don't have offtake agreements yet with those customers, we have forecasts and plans are in place.\" — Stephen Croskrey, CEO Danimer Scientific",
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      "text": "Source: DNMR March 29th, 2021 earnings call",
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      "text": "Comparison of CEO statements regarding capacity and contracts.",
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      "kind": "title",
      "text": "If You Build It, They Will Come?",
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