{
  "docId": "019dd923-622c-750b-8b9a-32b620517ee9",
  "docSlug": "2ec39f20dd86",
  "documentTitle": "QuantumScape (QS)",
  "authorId": "58_Scorpion_Capital",
  "authorName": "Scorpion Capital",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-04-15 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 178,
  "pageCount": 188,
  "prevPage": 177,
  "nextPage": 179,
  "slideType": "preempt_rebuttal",
  "function": "preempt_rebuttal",
  "density": "dense",
  "nDataPoints": 4,
  "notes": "The slide uses a historical stock chart to illustrate a previous crash as a warning for future performance.",
  "elementsJson": [
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  "slideHref": "/slides/019dd923-622c-750b-8b9a-32b620517ee9/178",
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  "components": [
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      "kind": "callout",
      "text": "QS has an early lockup expiration that we believe is fast approaching. We expect insiders to dump stock and race for the exits, as is their pattern.",
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      "bbox": {
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        "x": 0.03,
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      "kind": "chart",
      "text": "Stock price chart showing a 50% drop between Dec 31, 2020 and Jan 4, 2021.",
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      "kind": "metric",
      "text": "stock price: ~50%",
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      "componentId": "019dd952-f5d1-75b6-b066-234f8c7d6f35",
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      "kind": "paragraph",
      "text": "On Thursday December 31, 2020, the stock opened at ~$97/share. By the end of the next trading day, the stock closed at ~$50. We note that Friday Jan 1 was a market holiday.",
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        "h": 0.02,
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        "x": 0.03,
        "y": 0.93
      },
      "kind": "source-note",
      "text": "Source: Yahoo Finance data, Stockcharts.com",
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      "kind": "title",
      "text": "QS has an early lockup expiration that we believe is fast approaching. We expect insiders to dump stock and race for the exits, as is their pattern. For a preview of what may occur, we note two consecutive trading days – Fri Dec 31, 2020 and Mon Jan 4, 2021 - when the stock crashed ~50%.",
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      "kind": "title",
      "text": "10) Retail investors are at major risk as the lockup expires on April 24th and insiders can dump the shares they're pumping",
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      "name": "Cost Of Inaction",
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      "position": 1,
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      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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