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      "text": "The second mechanism by which we believe Twist is misclassifying COGS as capital expenditure is its “DNA Data Storage” program, which the CFO indicated accounts for another $40MM of spend and is utterly vaporous.",
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      "text": "8. The second mechanism by which we believe Twist is misclassifying COGS as capital expenditure is its “DNA Data Storage” program, which the CFO indicated accounts for another $40MM of spend and is utterly vaporous, with no clear explanation for it even is; descriptions that change wildly depending on the day; nothing to show for it despite talking it up for years; and what we estimate to be about only five staff members even supposedly allocated to it.",
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      "text": "Part III: We believe that Twist has resorted to Worldcom-esque accounting fraud (cont'd)",
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