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  "documentTitle": "IonQ Inc. (IONQ)",
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  "authorName": "Scorpion Capital",
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  "presentationDate": "2022-05-03 00:00:00",
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  "notes": "This is a slide from an activist short report targeting IonQ.",
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      "text": "The pattern is consistent with ex-employee allegations of customers being paid to do deals with IonQ and other quid pro quo’s.",
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      "text": "14. The signature commercial deal driving this “growth” was characterized by an ex-executive as a “sham transaction” driven by IonQ’s “desperation” at having “very little pipeline.” Our interviews indicate a “suspicious,” “weird,” and secretive process in the run-up to the deal, with further evidence leading us to conclude that the entity is either non-operational or simply phony, despite IonQ recognizing revenue and bookings from it. The pattern is consistent with ex-employee allegations of customers being paid to do deals with IonQ and other quid pro quo’s.",
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      "text": "“sham transaction” — Ex-executive",
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