{
  "docId": "019dd923-622c-750b-8b99-d4bf05137ac7",
  "docSlug": "e4c92966d8ab",
  "documentTitle": "Nova Minerals Limited (NVA)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2026-02-20 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 42,
  "pageCount": 61,
  "prevPage": 41,
  "nextPage": 43,
  "slideType": "precedent_table",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 6,
  "notes": "The slide uses a table to link a specific individual to a pattern of failed or litigious microcap investments.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "data_table",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b99-d4bf05137ac7/42",
  "deckHref": "/decks/019dd923-622c-750b-8b99-d4bf05137ac7",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b99-d4bf05137ac7.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-d4bf05137ac7#slide-42",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "While we admire Director Geller’s entrepreneurship and acknowledge that microcap investing is a high-risk venture, we find instances where companies that Director Geller’s Leonite Capital funded were the subject of litigation, allegations of bad faith and SEC investigation or charges.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-5372-7340-8f95-f2c31ccdca64",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.075,
        "w": 0.96,
        "x": 0.02,
        "y": 0.165
      },
      "kind": "paragraph",
      "text": "While we admire Director Geller’s entrepreneurship and acknowledge that microcap investing is a high-risk venture, we find instances where companies that Director Geller’s Leonite Capital funded were the subject of litigation, allegations of bad faith and SEC investigation or charges.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "71ef8bf2-887b-4ae3-8805-d7078ed7089c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.96,
        "x": 0.02,
        "y": 0.82
      },
      "kind": "source-note",
      "text": "Sources: Green Stream Holdings: SEC Charges Green Stream (May 2023). 1847 Goedeker / Polished.com: SEC Investigation, Geller holdings, Auditor Resignation. 1847 Holdings: 1847 holdings vs. Matthew Miller and Matthew Miller vs. 1847 Holdings. Blue Sphere: Leonite Convertible Promissory Note: (Nov 2018, 10-Q), Prassas Capital LLC vs. Leonite Capital LLC et al, SEC Inquiry details (Note 9, 10-Q). Cardiff: Gastelum vs. Leonite et al. Founders Bay: Founders Bay Holdings vs. Leonite Capital et al. Note: Barry Kiront and Stephen Kiront were indicated in a high-profile case at Monroe Parker Securities, but were acquitted in the case. The SEC described Monroe as a Stratton Oakmont spin-off (Note: The Kironts also worked at Stratton Oakmont made famous in the movie The Wolf of Wall Street).",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b814ea7e-b174-48eb-89d5-4c512b1037ae",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.96,
        "x": 0.02,
        "y": 0.26
      },
      "kind": "table",
      "text": "Recent Business Ventures of Director Avi Geller",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bc5efa02-eb3e-4b05-8a7f-840c13cf56a8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.035,
        "w": 0.387,
        "x": 0.307,
        "y": 0.045
      },
      "kind": "title",
      "text": "Director Geller And Leonite Capital",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2b387fae-49d9-4210-b14f-b561a3035014",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "31dacb11-448e-4e54-b416-78c0cbd5de48",
      "evidence": "The slide systematically links an individual to a series of companies facing SEC charges and litigation to establish a pattern of bad faith.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}