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  "documentTitle": "Ginkgo Bioworks (DNA)",
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  "authorName": "Scorpion Capital",
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  "presentationDate": "2021-10-06 00:00:00",
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  "notes": "The slide uses a 'smoking gun' narrative to frame the lack of disclosure as evidence of financial manipulation.",
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      "text": "Notably, not one of the releases below discloses a deal size – and all are silent on the critical question of whether they are undisclosed related parties – that is, whether Ginkgo or its investors like Viking are investors in the entities or are providing proceeds that will be round-tripped back to Ginkgo as “revenue” in coming quarters.",
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      "text": "List of 7 partnership announcements from Aug 5, 2021 to Sep 14, 2021.",
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      "text": "The number of new “partners” announced in the last few weeks just prior to the first day of trading on Sep 17th is stunning. The partnerships are for everything under the sun: GI drugs, probiotics, herbal medicines and nutraceuticals, “biomaterials,” dyes, a material inspired by spiders with “silk-like softness.” Notably, not one of the releases below discloses a deal size – and all are silent on the critical question of whether they are undisclosed related parties – that is, whether Ginkgo or its investors like Viking are investors in the entities or are providing proceeds that will be round-tripped back to Ginkgo as “revenue” in coming quarters. We shortly reveal a smoking gun that exposes the rig as exactly that.",
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      "text": "Source: Ginkgo press release on its Investor News page, https://investors.ginkgobioworks.com/news/default.aspx",
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