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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": "Includes a link to the China Hustle documentary trailer and a historical stock chart of Sino-Forest (TRE.TO) showing its collapse.",
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      "text": "It is the US version of the “China Hustle,” when Chinese frauds – generally of the related-party genre - listed in the US a decade ago, with a recent revival.",
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      "text": "The China Hustle movie poster",
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      "text": "At $23B market cap, it is rare to see a related-party racket on Ginkgo’s scale in the US markets. Related parties are such an alarming red flag and self-evident mechanism for abuse that If most or all of your “revenue” comes “customers” you created, funded, co-locate in your offices, and who you control or influence, you are presumed to be a rig until proven otherwise. One has to turn to offshore, Wild-West jurisdictions to witness related-party games as flagrant as Ginkgo. It is the US version of the “China Hustle,” when Chinese frauds – generally of the related-party genre - listed in the US a decade ago, with a recent revival. The defining moment of the China Hustle era was Sino-Forest, which fell 82% the day it was exposed by Muddy Waters.",
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      "text": "The defining moment of the China Hustle era was Sino-Forest, which fell 82% the day it was exposed by Muddy Waters.",
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      "text": "Source: StockCharts.com; https://en.wikipedia.org/wiki/The_China_Hustle",
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