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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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  "notes": "Uses 'Red Flag' as a recurring visual anchor for specific points of contention.",
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      "text": "Spruce Point believes Danimer's current share price is unsustainable, and a result of hype around ESG businesses and unrealistic financial assumptions",
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      "text": "Spruce Point believes Danimer's current share price is unsustainable, and a result of hype around ESG businesses and unrealistic financial assumptions",
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      "text": "We find several other red flags from Danimer's recent earnings release and conference call",
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      "text": "Danimer is not the first player to try disrupting the plastics industry. After several failed, what gives confidence this is the leadership team to defy gravity?",
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      "text": "downside: 65%-100%",
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      "kind": "quote",
      "text": "\"Mr. Van Trump said the claim by the Danimer chief wasn't wholly accurate, saying Nodax products are unlikely to biodegrade in most modern landfills.\" — WSJ",
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      "text": "Another Go Around At Plastic Alternatives With Several Corporate Governance Red Flags: 65%-100% Downside Risk",
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