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  "documentTitle": "Ginkgo Bioworks (DNA)",
  "authorId": "58_Scorpion_Capital",
  "authorName": "Scorpion Capital",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-10-06 00:00:00",
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  "notes": "Uses a combination of SEC filing data and a LinkedIn screenshot to cast doubt on the legitimacy of a customer relationship.",
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      "text": "We find this particularly audacious and preposterous, as Kalo was only formed 2 weeks earlier as an entity, according to its Massachusetts corporate registry filing (shown on p. ___).",
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      "text": "Kalo Ingredients LinkedIn search showing 0 employees",
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      "text": "deferred revenue: $11.9MM",
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      "text": "Source: Soaring Eagle Acquisition Corp prospectus 8/13/2021, Scorpion Capital analysis and estimates",
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      "text": "SPAC Prospectus Aug 13, 2021: Balances as of March 31, 2021. Deferred revenue, current and non-current for Kalo is $11,897.",
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      "text": "Related party “customer” Kalo Ingredients has no employees listed on LinkedIn, yet Ginkgo booked an $11.9MM deferred revenue balance as of 3/31/2021 with the entity.",
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