{ "docId": "019dd923-622c-750b-8b9a-1cc056790523", "docSlug": "340e94a59fc0", "documentTitle": "IonQ Inc. (IONQ)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2022-05-03 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 55, "pageCount": 183, "prevPage": 54, "nextPage": 56, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "dense", "nDataPoints": 0, "notes": "The slide uses a Q&A transcript format to build a case for fraud.", "elementsJson": [ "paragraph", "quote_block", "footnote" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-1cc056790523/55", "deckHref": "/decks/019dd923-622c-750b-8b9a-1cc056790523", "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-1cc056790523.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-1cc056790523#slide-55", "components": [ { "bbox": null, "kind": "callout", "text": "To me, that’s fraudulent.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd952-f5d2-7501-bd7c-d8693a8003a2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.35, "w": 0.9, "x": 0.05, "y": 0.6 }, "kind": "paragraph", "text": "Ex-executive stated the company is trying to “cover up that it’s not there” and suggested the CEO was in the know\nQ: “This issue of the 32-qubit machine, was it swept under the rug? Would you be at meetings and like, we’ve got a press release about it, now what do we do? Or was it like, if you want to keep your job, you just don’t bring it up?”\nA: “[Redacted] brought it up and said, “How are we going to do this?” In light of the earlier press release, it’s a problem. “What are you going to do?” And [the answer] was always “We’re going to have to think about it.” And then, “We’re not publishing anything on quantum volume. If customers want to know that, they have to do it themselves.” So, they’re trying to cover up that it’s not there, and it’s really a tough place to be.”\nQ: “Did you ever have a direct conversation with Chapman?”\nA: “Oh yeah.”\nQ: “And what would Chapman say?”\nA: “We’ll have it one day. We’re working on it.”\nQ: “And did he ever acknowledge that announcing something they don’t have was a mistake?”\nA: “He never would admit that it was a mistake, because in his own mind he’s too brilliant and powerful.” - Former executive", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "80029d2c-f8d6-4a8a-9b75-7468590220af", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.35, "w": 0.9, "x": 0.05, "y": 0.25 }, "kind": "paragraph", "text": "Allegedly “totally” known inside IonQ that the 32-qubit machine doesn’t exist; staff were uncomfortable with it\nQ: “When you say the 32-qubit computer doesn’t exist, when you’re there in meetings, you’re talking to people, what would they say? Was that truly just a flagrant lie, or did they have a machine on a table that has 32 qubits, and it had errors, so they couldn’t release it, they couldn’t publish it, just had bad data? Or they just literally didn’t have it?”\nA: “There’s a machine in development, and they hope that it will be able to do it, but it hasn’t done it yet.”\nQ: “Was it well-known inside the company that there’s no 32-qubit machine right now?”\nA: “Totally.”\nQ: “And were people uncomfortable with the fact that they had pitched it?”\nA: “Totally. And that was one of the problems in sales, Salespeople did say it [exists]. To me, that’s fraudulent.”\nQ: “So, they would represent to customers that they have a 32-qubit machine when they didn’t?”\nA: “They would.” - Former executive", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d61dab89-29f2-4ffe-9ccf-a5796382d10b", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "“There’s a machine in development, and they hope that it will be able to do it, but it hasn’t done it yet.” — Former executive; “To me, that’s fraudulent.” — Former executive; “So, they’re trying to cover up that it’s not there, and it’s really a tough place to be.” — Former executive; “He never would admit that it was a mistake, because in his own mind he’s too brilliant and powerful.” — Former executive", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd952-f5d2-7501-bd7c-dc9652f6b2a7", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.3, "x": 0.05, "y": 0.96 }, "kind": "source-note", "text": "Source: Scorpion Capital consultation calls with experts", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "00a4bedd-defe-470d-95a2-eef3e003e39c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.9, "x": 0.05, "y": 0.08 }, "kind": "title", "text": "The ex-executive indicated that it is “totally” well-known inside IonQ that the 32-qubit machine doesn’t exist, replying affirmatively when we asked if staff were uncomfortable with the company’s conduct – “to me, that’s fraudulent.” The executive further alleged that IonQ is trying “to cover up that it’s not there” - despite featuring it prominently on its homepage – and mentioned conversations with the CEO that suggest his complicity.", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "28e334e5-23c7-46d9-b933-4637832e5e1e", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "fraud-exposure", "slug": null, "matchId": "54732bab-ef63-44ee-a8a4-fd44a2fe813c", "evidence": "The slide presents testimony to allege fraudulent claims about product existence.", "confidence": 0.9 } ], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }