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  "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",
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  "pageNumber": 181,
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  "slideType": "expose_contradiction",
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  "density": "balanced",
  "nDataPoints": 28,
  "notes": "Uses historical precedent (Infinera) to cast doubt on current QS insiders; includes red dashed circles highlighting zero-balance positions.",
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  "components": [
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      "kind": "callout",
      "text": "The largest holders – venture capitalists like Khosla/Kleiner Perkins – appear to have dumped 100% of their stock within 5 months – presumably right at lockup expiration.",
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      "kind": "paragraph",
      "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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      "kind": "source-note",
      "text": "Source: CapitalIQ data",
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      "kind": "table",
      "text": "Largest INFN holders right after IPO – most of them sold down to zero shortly thereafter, per CapitalIQ",
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      "kind": "title",
      "text": "Key QS holders appear to have a pattern of dumping their stock when lockups expire. The QS CEO’s only other IPO was Infinera (ticker: INFN), in June 2007. The largest holders – venture capitalists like Khosla/Kleiner Perkins – appear to have dumped 100% of their stock within 5 months – presumably right at lockup expiration.",
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      "evidence": "Uses historical data to imply deceptive behavior by insiders.",
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    {
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      "name": "Cost Of Inaction",
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      "evidence": "The document implies that investors may face significant losses if they do not take action.",
      "position": 1,
      "objective": "The cost of inaction for investors",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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