{
  "docId": "019dd923-622c-750b-8b99-58801594b94c",
  "docSlug": "9551be67f14d",
  "documentTitle": "Perion Network Ltd. (PERI)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2023-05-23 00:00:00",
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  "pageNumber": 45,
  "pageCount": 127,
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  "density": "dense",
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  "notes": "Uses screenshots from Wayback Machine and YouTube to contrast official filings with public marketing.",
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      "text": "We are not sure what is meant by an “advisory role” given that he still holds the title of VP of Strategic Partnerships and is tasked with mathematical impossibilities of creating three from two between Microsoft and Perion.",
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      "text": "Wayback Machine capture of Perion leadership page",
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      "text": "YouTube video screenshot showing 1+1=3",
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      "kind": "paragraph",
      "text": "Perion prominently featured Mr. Glover on its website under the \"Leadership\" page and he was a named executive in Perion's 20-F annual report filing, but in less than two years after joining as GM of CodeFuel in May 2017, Perion said in November 2018 he would transition to an advisory role.(1,2) We are not sure what is meant by an \"advisory role\" given that he still holds the title of VP of Strategic Partnerships and is tasked with mathematical impossibilities of creating three from two between Microsoft and Perion.",
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      "text": "Source: YouTube",
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      "text": "Source: Perion Leadership via Wayback Machine; (1) Perion 2018 20-F; (2) Perion Q3 2018 results, 6-K",
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      "kind": "title",
      "text": "Is Glover An \"Advisor\" Or Still Playing A Prominent Role With Microsoft, Perion's Largest Customer",
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      "evidence": "The deck presents a series of logical and coherent arguments to build a case against PERI.",
      "position": 0,
      "objective": "To present a logical chain of evidence and reasoning to support the conclusion of significant downside risk to PERI's share price.",
      "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)",
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