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  "documentTitle": "Alpha Metallurgical Resources, Inc. (AMR)",
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  "authorName": "Spruce Point Capital Management",
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      "kind": "callout",
      "text": "In light of numerous reclassifications and revisions to numbers we've found, it's interesting that the CFO says the material weakness related to coal inventory and procurement has nothing to do with actual financial results.",
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      "text": "There have been some questions coming in regarding the audit findings regarding material weaknesses in our internal controls... And the important thing to note is it has nothing to do with the actual financial results.",
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      "text": "Further, we have determined that certain of our internal controls over financial reporting have deficiencies... there could be a material adverse effect on our business, financial condition, results of operations and cash flows...",
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      "text": "\"There have been some questions coming in regarding the audit findings regarding material weaknesses in our internal controls. I did want to mention those quickly. There's the technical accounting view and then there's my personal view. The technical accounting views says that -- what -- we had 3 particular items that were problematic from a controls perspective. I think all 3 of those from a personal view would qualify something of a foot fault, but technically they do qualify. We do have plans. In many instances, these have already been remediated, but in total they will be remediated by the end of the first quarter. And the important thing to note is it has nothing to do with the actual financial results.\" — CFO, March 18, 2020 (Q4 2019 Conference Call)",
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      "text": "Material Weakness",
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