Callouts & quotes from 153+ activist slides

"Our research indicates that their dismissiveness toward Nevro’s purported differentiation is now the norm in the SCS field."

"FDA review indicates its “special interest” in seizures, which are mentioned several times as an area of potential concern"

"Parkland’s shareholder returns have been a disappointment over every relevant period, as the following table indicates."

"Our research indicates that Sony’s semiconductor business can be spun off “tax-free” under the Companies Act of Japan"

"Our interview with Mr. C indicates Mr. Lin is also the cousin (表弟) of the Chairman and head of ANTA’s Yunnan branch."

"Third-party expert analysis indicates that Rio's DLC structure has led to US$14.7 billion in wasted franking credits"

"Our interview with Mr. C indicates Mr. Lin is also the cousin (表弟) of the Chairman and head of ANTA’s Yunnan branch."

"PharmaCann spokesman Jeremy Unruh indicates that the property would be up and running in the second quarter of 2020."

"An analysis of BEA HK’s operations compared to its industry peers indicates clear weakness on all relevant metrics"

"Our collected data indicates that there are far fewer agents on BEKE’s platform than it reports to investors."

"The Company's capex to depreciation ratio is well below 1x which indicates underinvestment in the business."

"Our research indicates that, not only is BOOT deemphasizing omnichannel, but also acknowledging struggles."

"Senior executive who recently met with TSMC indicates they are having severe problems with Lasertec’s tool"

"Footnote b indicates the obvious - that Bioprojet is sitting on critical PK data that it has withheld"

"Evidence indicates that this intermediary was likely a straw buyer controlled by a Company proxy."

"This indicates Fuyu is still under Chairman Yang’s control, despite Huishan having no ownership."

"Our research indicates that Vets First Choice will have greater than 30% incremental margins"

"Our research indicates that TransMedics is in the middle of an accelerating customer exodus."

"2009 paper by Evotec researchers indicates they tested pitolisant and that it was a disaster"

"Oasis research indicates that as few as 6 brands account for the majority of sales of G11."

"Recent Share Price Improvement Indicates Investors Are Supportive of Engine’s Engagement"

"We believe this indicates that organic rate base growth is falling behind expectations."

"QScore above 70 typically indicates patents that are high value and litigation worthy."

"We believe this indicates that Rollins is struggling with its technology management."

"Fine print indicates C/3 charge rate – which in battery-speak means a 3 hour charge"

"The amount of wrapping is extensive and indicates it is finished goods inventory."

"We question whether this discrepancy indicates a cash hole in CPI PG's accounts?"

"Similarweb’s data also indicates more social traffic for Terminix vs. Rollins."

"The Brook Mine’s History Indicates That It Is Not Commercially Viable"

"BlackHatWorld’s user SuperSeoteam indicates that BankFive is a client"

"However, the entrance to Fab 4B indicates it is just an office space."

"A ratio consistently below 1 indicates that earnings are suspect."

"Note: Not realizing full 4% indicates resistance"