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  "documentTitle": "Berkeley Lights (BLI)",
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  "presentationDate": "2021-09-15 00:00:00",
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  "notes": "Uses a side-by-side comparison structure to contrast official company announcements with alleged internal realities.",
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      "text": "We began to notice a pattern of press releases that appear grossly misleading.",
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      "text": "...but former employee says the lab never even received the instrument vs ...but failed to mention that Bayer allegedly lost important samples, “were pretty furious,” and sent the machine back",
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      "text": "Berkeley Lights Announces Collaboration with University of Pennsylvania to Advance CAR-T Therapeutics vs Berkeley and Bayer announce a multi-year agreement aimed at revolutionizing the discovery of next-generation traits",
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      "text": "BLI press release about a deal with famous lab vs BLI recently announced an agreement with “Bayer”",
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      "text": "We began to notice a pattern of press releases that appear grossly misleading. BLI announced a deal with perhaps the most prominent lab in immuno-oncology, whose founder developed CAR-T. A former BLI employee/scientist laughed and told us that the lab never even received the machine. Just last month, BLI put out a press release about a deal with Bayer, the terms of which “are not disclosed.” The deal was the talk of the last earnings call. We saw no mention of a detail we heard from ex-employees, who stated that Bayer had a disastrous experience with a BLI machine, “were pretty furious,” and “sent it back.” This of course explains the language buried below the headline - that the deal, which sounds like some free consulting work, is not with Bayer’s pharma side in Germany, but an irrelevant seeds and crops group in St. Louis.",
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      "text": "“Customers who didn't like it at all, I would say probably Bayer...They had several issues that were mostly related to hardware. They lost a few runs trying to troubleshoot...They lost some precious samples so they were pretty furious...Bayer was evaluating the tool on their premises and then sent it back.” – Former BLI employee and scientist",
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      "kind": "quote",
      "text": "“The Carl June lab did not receive a Beacon. They were supposed to receive a Beacon...We actually did work internally for UPenn...No, there was never an agreement.” – Former BLI employee and scientist",
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      "text": "The Carl June lab did not receive a Beacon. They were supposed to receive a Beacon...We actually did work internally for UPenn...No, there was never an agreement. — Former BLI employee and scientist; Customers who didn't like it at all, I would say probably Bayer...They had several issues that were mostly related to hardware. They lost a few runs trying to troubleshoot...They lost some precious samples so they were pretty furious...Bayer was evaluating the tool on their premises and then sent it back. — Former BLI employee and scientist",
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      "text": "Source: https://investors.berkeleylights.com/news-releases/news-release-details/berkeley-lights-announces-collaboration-university-pennsylvania; https://investors.berkeleylights.com/news-releases/news-release-details/berkeley-lights-and-bayer-announce-multi-year-agreement-aimed; Scorpion Capital consultation calls with experts",
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      "kind": "title",
      "text": "1) Introduction to the real Berkeley Lights; warning signs of a looming collapse and other red flags",
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