{ "docId": "019dd923-622c-750b-8b9a-2a2468219173", "docSlug": "ce565b841c40", "documentTitle": "Nevro Corp. (NVRO)", "authorId": "58_Scorpion_Capital", "authorName": "Kir Kahlon", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-01-07 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 88, "pageCount": 239, "prevPage": 87, "nextPage": 89, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "dense", "nDataPoints": 0, "notes": "The slide uses direct quotes from a KOL to frame the company's behavior as unethical and retaliatory.", "elementsJson": [ "headline_text", "paragraph", "quote_block", "footnote" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-2a2468219173/88", "deckHref": "/decks/019dd923-622c-750b-8b9a-2a2468219173", "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-2a2468219173.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-2a2468219173#slide-88", "components": [ { "bbox": null, "kind": "callout", "text": "They have a good disinformation approach.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-3f3d-76db-b33d-5efc62626ea8", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.88, "x": 0.06, "y": 0.12 }, "kind": "paragraph", "text": "Another KOL suggested that Nevro may have tried to retaliate prior to the presentation, and stated his belief that Nevro prevented the explants paper from being listed in the program and tore the data presentation from the wall. The doctor referenced previous retaliatory behavior by Nevro and “disinformation” regarding their explant rates, characterizing the company’s conduct as “slimy.”", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "2a17d362-fdd5-413b-8d43-c2214189b895", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.18, "w": 0.88, "x": 0.06, "y": 0.28 }, "kind": "quote", "text": "“I talked to [KOL name redacted]. One creepy thing – the paper that had been posted got torn down after the first day. Somebody tore it down. And then the talk wasn’t listed in the program, which is weird. The first thing we all thought was that it sounds like Nevro. We all said, yup that sounds like a Nevro deal…[KOL name redacted] called me and said, do you think it’s weird that [name redacted’s] talk was not in the program? So I picked up the program and was like, wow it’s not. It’s weird. As this had to do with Nevro, it doesn’t surprise me.”", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6643a01e-e30c-430e-8f5b-7b3fabce3dcf", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.88, "x": 0.06, "y": 0.48 }, "kind": "quote", "text": "“They have a good disinformation approach. They nationally vilified [redacted, doctor who was critical of Nevro’s explant rates]. They actually sent a rebuttal to all their implanters talking about how [redacted] had some vendetta. They’ve done that before historically. It’s a slimy company, hands down.” –KOL and former Nevro consultant", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "76c42dba-a6d6-40ad-a187-6684c7210e60", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "“I talked to [KOL name redacted]. One creepy thing – the paper that had been posted got torn down after the first day. Somebody tore it down. And then the talk wasn’t listed in the program, which is weird. The first thing we all thought was that it sounds like Nevro. We all said, yup that sounds like a Nevro deal…[KOL name redacted] called me and said, do you think it’s weird that [name redacted’s] talk was not in the program? So I picked up the program and was like, wow it’s not. It’s weird. As this had to do with Nevro, it doesn’t surprise me.” — KOL and former Nevro consultant", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd953-3f3d-76db-b33d-61bd16301b8a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.2, "x": 0.06, "y": 0.95 }, "kind": "source-note", "text": "Source: Consultation calls with experts", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "eeabda8d-ce1c-4cea-af15-6d556e95a224", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.45, "x": 0.06, "y": 0.09 }, "kind": "title", "text": "6. A covered-up device failure and explants crisis", "attrs": null, "subkind": "action-title", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c354d04f-1e18-48f0-a0e3-861831df06ae", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.4, "x": 0.06, "y": 0.04 }, "kind": "title", "text": "Scorpion Capital | Nevro (NYSE: NVRO)", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7b5c3d17-d1f0-48c3-82ed-8cbdf9be7908", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 150, "from": 51, "beatId": "903c076a-f368-4ca1-844c-277874c1afb2", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "The deck presents a conclusion that Nevro's problems are insurmountable", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }