{
  "docId": "019f6b8f-4754-74a5-8284-96ac60575004",
  "docSlug": "jarvis-oasis-stratus-presentation-march-2021",
  "documentTitle": "Oasis Stratus Presentation March 2021",
  "authorId": "oasis-stratus-presentation-march-2021",
  "authorName": null,
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2021-03-01 00:00:00",
  "orientation": null,
  "aspectRatio": null,
  "pageNumber": 34,
  "pageCount": 76,
  "prevPage": 33,
  "nextPage": 35,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 0,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019f6b8f-4754-74a5-8284-96ac60575004/34",
  "deckHref": "/decks/019f6b8f-4754-74a5-8284-96ac60575004",
  "deckJsonHref": "/decks/019f6b8f-4754-74a5-8284-96ac60575004.json",
  "deckAnchorHref": "/decks/019f6b8f-4754-74a5-8284-96ac60575004#slide-34",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.9,
        "x": 0.05,
        "y": 0.17
      },
      "kind": "callout",
      "text": "The location of an investor's headquarters has nothing to do with the taxation of its holdings. Stratus' claim to the contrary further proves its lack of understanding.",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d5a84f68-4fc4-465f-89d3-4886c4e9b696",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.9,
        "x": 0.05,
        "y": 0.28
      },
      "kind": "list",
      "text": "The location of an investment manager’s headquarters is irrelevant to the taxation of its holdings. Whether or not an investment manager is foreign also has nothing to do with how it is taxed.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "56d84dfa-b084-41aa-9b1c-508e1a1bd38d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.85,
        "x": 0.1,
        "y": 0.55
      },
      "kind": "list",
      "text": "Stratus did not disclose any relevant cost benefit analysis before choosing to proceed with engaging costly advisors for an in-depth exploration.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7f9de11e-5e1b-4f22-8ff6-53dedddc10f7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.37
      },
      "kind": "list",
      "text": "Oasis is an offshore investor. Offshore investors may face slightly higher withholding taxes when receiving dividends than onshore investors.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d5aae0fe-2078-4994-ba00-dc66c0366bf7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.85,
        "x": 0.1,
        "y": 0.46
      },
      "kind": "list",
      "text": "Because of this, we urged Stratus to conduct a cost benefit analysis from BOTH the perspective of onshore and offshore investors in order to have the full picture before proceeding with a more in-depth, costly exploration.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e7786813-0359-4260-9467-90628c2510bd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.85,
        "x": 0.1,
        "y": 0.42
      },
      "kind": "list",
      "text": "Oasis is not the only offshore investor in Stratus' shareholder base.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e86bc634-7e24-4730-8866-98f31fb7b273",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.9,
        "x": 0.05,
        "y": 0.61
      },
      "kind": "list",
      "text": "Oasis has the same interests as other stock investors: equity appreciation. That is the basis of our argument.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fe978a72-b779-473c-9ac8-ffbf0463eb4e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "Stratus' Claim That Oasis is Opposed to a REIT Conversion Because We Are Based in Hong-Kong is Wrong",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "97fc05a5-7083-43c7-a0a8-843ab97e3270",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "8bbf2f78-43b8-414d-a7e5-6560e5fc1d43",
      "evidence": "The slide explicitly calls out a false claim by the counterparty and provides evidence to refute it.",
      "confidence": 0.8
    }
  ],
  "arcBeats": [
    {
      "to": 59,
      "from": 22,
      "beatId": "688f4b05-e7e7-48c6-b731-34703835a390",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Propose Solution",
      "beatSlug": null,
      "evidence": "The deck presents Oasis' plan to improve Stratus' performance and governance",
      "position": 2,
      "confidence": 0.9,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}