{
  "docId": "019f6b8f-4c74-71ab-b49c-80a5dc659c02",
  "docSlug": "jarvis-outerbridge-comtech-presentation-november-2021",
  "documentTitle": "Outerbridge Comtech Presentation November 2021",
  "authorId": "outerbridge-comtech-presentation-november-2021",
  "authorName": null,
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2021-11-01 00:00:00",
  "orientation": null,
  "aspectRatio": null,
  "pageNumber": 27,
  "pageCount": 101,
  "prevPage": 26,
  "nextPage": 28,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 7,
  "notes": "Uses a side-by-side comparison to highlight the contradiction between management's claims and investor logic.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019f6b8f-4c74-71ab-b49c-80a5dc659c02/27",
  "deckHref": "/decks/019f6b8f-4c74-71ab-b49c-80a5dc659c02",
  "deckJsonHref": "/decks/019f6b8f-4c74-71ab-b49c-80a5dc659c02.json",
  "deckAnchorHref": "/decks/019f6b8f-4c74-71ab-b49c-80a5dc659c02#slide-27",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.95,
        "x": 0.02,
        "y": 0.17
      },
      "kind": "list",
      "text": "Completing the build out of the Company's new technology centers and advanced manufacturing capabilities in Arizona and the United Kingdom. Participate at greater scale and capitalize on the ongoing 911 upgrade cycle across the United States.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "75b1125f-6b38-4820-a94b-c30ca357c384",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.3,
        "x": 0.02,
        "y": 0.13
      },
      "kind": "paragraph",
      "text": "Comtech's \"Strategic\" Rationale for PIPE:",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "046b4aae-e2ce-4522-ba54-283cb5abeed4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.02,
        "y": 0.9
      },
      "kind": "source-note",
      "text": "1. Press Release filed October 4, 2021; 2. 2021 10-K filed October 4, 2021; 3. Q4 Earnings Call, October 4, 2021",
      "attrs": null,
      "subkind": "source-note",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "13d160ac-fff9-4ee1-ae49-5d792192b46c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.9,
        "x": 0.05,
        "y": 0.31
      },
      "kind": "table",
      "text": "Company's Prior Statements vs Shareholder Concerns",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0a6c36fa-5cb7-4981-8f14-c04fe0869d54",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.75,
        "x": 0.02,
        "y": 0.03
      },
      "kind": "title",
      "text": "Investors Questioned the Strategic Rationale of the PIPE Deal as Reflected by the 6.3% Decline in Share Value Upon Announcement",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c2877922-1081-4015-aaaa-f608b2a470f6",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "expose_contradiction",
      "slug": null,
      "matchId": "16ec3a4e-0142-4c70-af0f-7b8c164013d8",
      "evidence": "Side-by-side comparison of management statements vs shareholder concerns",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 28,
      "from": 7,
      "beatId": "98e4f7ad-8de8-41a4-ae14-0c0e43066a44",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "Expose Contradiction",
      "beatSlug": null,
      "evidence": "The document highlights various contradictions and inconsistencies in Comtech's statements and actions.",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    },
    {
      "to": 41,
      "from": 13,
      "beatId": "45e6c166-dec8-486d-b334-331bf6bb5442",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "Peer Benchmark",
      "beatSlug": null,
      "evidence": "The document uses peer benchmarks to illustrate Comtech's underperformance.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [
    {
      "to": 28,
      "from": 7,
      "name": "Logic Chain",
      "slug": "01-logic-chain",
      "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis",
      "matchId": "00338045-2e93-4c3b-b394-89059a72b8d2",
      "evidence": "The document presents a clear logic chain, highlighting the contradictions and inconsistencies in Comtech's statements and actions.",
      "position": 0,
      "objective": "To highlight the contradictions and inconsistencies in Comtech's statements and actions",
      "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)",
      "confidence": 0.8,
      "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}