Callouts & quotes from 10,384+ activist slides

"That's why Muddy Waters started spreading rumors that are factually totally inaccurate. There was no pre-acquisition, or even an interim acquisition or God only knows what. — Udo Müller, CEO of Ströer"

"If Party B severely violates national laws or regulations, Party A’s management model or educational concepts, then Party has the right to terminate the agreement, cease all cooperation with Party A."

"I can only say that we did cooperate with ONP, and from what I can recall, the first half of the year we had transactions amounting to about 10 million yuan — Representative from a top customer firm."

"Represents the elimination of amounts payable between PetIQ and VIP, consisting of $2.4 million due to VIP for inventory purchases and $2.8 million due to PetIQ for rebates. — PETQ 8-K - Jan 17, 2018"

"Within Keisei’s peer group, “Adjusted PBR” has been recognised as an appropriate metric for capital efficiency, with Seibu Holdings MTP transparency having been endorsed by the TSE — Palliser Capital"

"The spread sheets linked to the Muddy Waters “report” clearly have significant discrepancies from the Company’s actual advertising kit, as the following charts indicate: — China MediaExpress Holdings"

"“U.S. investors are cautioned not to assume that Pioneer’s estimates of resource potential of mineral deposits reflect economically recoverable quantities.” — Pioneer Investor Presentation, Dec. 2014"

""I've visited over 1,000 factories and run three others. Running a factory is all about control. Guys who run factories are great at controlling people and conditions because they have to be." — Sean"

""[Avon's] apparent lack of succession planning is 'an extraordinary indictment of the board,'" said Mark Cohen, professor at Columbia Business School and former CEO of Sears Canada. — Reuters article"

"...with the right leadership, operating priorities and strategic focus, Phillips 66 can be a much stronger company.... — Energy veteran Greg Goff, former Andeavor CEO and Phillips 66 investor, 4/9/25"

"…things are functioning quite well [at Sole]. And also because common development work was being carried out, then we are now having very good synergies being generated. — Mr. Nagamori (January 2012)"

"The committee argued that “Welltower's competition for talent comes not just from other public REITs, but also from investment banks and private equity firms that offer similar incentive structures.”"

"An employer is required to strictly control the number of dispatched laborers not to exceed 10% of the total number of its labor force. — Labor Law of the PRC and Interim Provisions on Labor Dispatch"

""Having the largest PHA production facility in the world, Meredian will produce over 30,000 tons of PHA per year at the Bainbridge facility." — Michael Smith, VP Manufacturing & Engineering, Meredian"

""Data for September 30, 2020 excludes $166.3 million in high confidence, promised opportunities not booked into backlog until the execution of definitive documentation." — Q3'20 Investor Presentation"

"I’m very familiar with Vykat...I was monitoring all of the clinical trials and read all the publications...I feel like I know pretty much everything there is to know about Vykat. — Endocrinologist #6"

"Contributing to the increase (in software and payments) were higher payments revenue from continued adoption of Lightspeed Payments and payment referral fees earned through our partners. — Lightspeed"

"“Yeah, there were many side effects like blurry eyes or blurry vision, vomiting, nausea. There are hepatic changes. Yeah, there were a few side effects, actually.” — Longtime scientific leader at GSK"

"Conclusion: All five H1-antihistamines studied inhibited CYP2D6 markedly... — Inhibitory effects of H1-antihistamines on CYP2D6- and CYP2C9-mediated drug metabolic reactions in human liver microsomes"

"Such a blanket conclusion does not appear to be supportable. Section 303A.02(a) requires a board to make independence determinations based on all relevant facts and circumstances. — NYSE Q&A document"

"Over 60% of our traffic is organic, nonpaid. We're not reliant on the Facebooks and the Googles of the world, although they are incredible partners. — Heather Hasson (Spear on Q3 2021 Earnings Call)"

"“I was excited when I joined, but after I joined, I realized there was concern if we were going to meet expectations, but that cause evaporated after the Company acquired Peoples.” — Former Employee"

""As a general principle, the current fair value of restricted securities would appear to be the amount which the owner might reasonably expect to receive for them upon their current sale." — ASR 113"

"It [ANTA] has the final say on the human, on the subsidiaries and also final say on, I think the HR to how to say this. Three positions in the subsidiary have to be picked by the Anta group. — Mr. A"

"I always say you get the union you deserve. If you don't treat your employees well, you're going to have a very cranky union and you're going to pay for it and probably deserve that. — Gregg (14:12)"

"The business, as we scale it out, should move into EBITDA positive as we get into the end of the year and, again, move into the positive for the full year in 2015. — J.P. Morgan Conference 5/20/2014"

"Institutional Shareholder Services Inc. (“ISS”) and Glass, Lewis & Co., LLC (“Glass Lewis”) have previously highlighted that the Board has rewarded bottom quartile performance with top quartile pay."

"CEO Randall Atkins also has a troubled history, marred by a $32 million judgment after a federal bankruptcy judge held in 1988 that he was "guilty of conversion" for his role in Charlie’s tax fraud."

""In the last two years [2010-2011], we have repurchased more shares than have been granted in the period. We intend to offset all new grants of RSU's with buybacks." — Lazard Shareholder Q&A 4/27/12"

"「アップタイムはあきらかに問題です。極端紫外線を発生させるために使っていたプラズマ光源であろうと、Urashimaであろうと、どうしてもアップタイムが課題になってきます。また、錫を使用するシステムで発生するデブリも課題になります。これは私の経験値でもあります。アップタイムは課題ですね」 — グローバルファウンドリーズの幹部として長年の経験を持ち、レーザーテックとマスク検査全般に関わっている人物"

"「インテルはペリクルを使います。TSMCはこれまで使ったり使わなかったりですが、総じていえばあまり使ってないです」 — 半導体業界のコンサルタントとして長年の経験を持ち、最近はレーザーテックのコンサルタントを務めているB氏. 「TSMCは高開口数にあまり力を入れようとしていないようだ」 — 半導体業界のコンサルタントとして長年の経験を持ち、最近はレーザーテックのコンサルタントを務めているB氏."

"This way GSX does not lose money. It just takes the RMB 1,000,000 and round trips it; we use ad placements in exchange for this brushing [bots or fake student users]. — Anonymous source/Muddy Waters"

"Matrix has not made a personal inspection of the Estelle Gold Project site. The nature of work related to Section 11 does not require a personal inspection of the site. — Matrix Resource Consultants"

"I, Christopher Gerteisen, is employed by Nova Minerals and certifies that: ... I am an employee of Nova Minerals and have worked on the Estelle Gold Project since July, 2019. — Christopher Gerteisen"

"“It was, but he was nearing 18 [...] he was hospitalized for severe pneumonia, and due to severe pneumonia, he had heart and lung involvement.” — Trial investigator/author, pediatric endocrinologist"

"“world’s leading content services companies.” — Innodata (2004); “a global data engineering company delivering the promise of AI to many of the world’s most prestigious companies.” — Innodata (2023)"

"Ce message electronique ainsi que tous les fichiers joints et les informations contenus dans ce message (ci apres "le message"), sont confidentiels et destines exclusivement a l'usage de la personne"

"I would like to inquire about possibility of hosting four young beautiful girls from Donetsk People's Republic, Russia (14-17 years old). They will be in transit to a modelling contest and since the"

"I would like to inquire about possibility of hosting four young beautiful girls from Donetsk People’s Republic, Russia (14-17 years old). They will be in swimming pool? What kind of bed do you have?"

"“he was the head of the EUV-specific section of mask inspections. He basically wasn't allowed in certain meetings anymore.” — Former Lasertec field service engineer who worked in the Intel mask shop"

"Phillips 66 (NYSE: PSX) shareholders: want to vote for a brighter, more profitable future at the company? Watch this helpful video and vote for #Streamline66 today: bit.ly/s66-x-o73 — Streamline 66"

""[H]e is a tough change agent with unrelenting demands on performance improvements. As such, we're beginning to conclude that he might be just what SPR always needed." — Barclays, December 18, 2013"

"Elliott would like to commend the Board and management team for the significant steps taken to build a better Alcoa and maximize value for shareholders. — Elliott Presentation to Alcoa, Nov 9, 2015"

"“Lin Aihui, the General Manager of the Haikou Branch of ANTA Sports told the Phoenix TV Network of Hainan that ANTA advocates sports and healthy living…” — Muddy Waters translation of Chinese text."

"“All members of audit, compensation, and nominating/governance board committees should be independent” — BlackRock Investment Stewardship, Proxy voting guidelines for U.S. securities - January 2024"

"Brian Coffman, Elliott nominee for Phillips 66's (NYSE: PSX) Board and former CEO of Motiva Enterprises, doesn't buy the argument that Phillips' refining assets are "old and tired." — Streamline 66"

"In contracts that contain prescription products issued as the result of a consultation, revenue also includes medical consultation services provided by Affiliated Medical Groups. — HIMS 10-K (2022)"

"[t]hough free cash flow was one factor in the company's executive compensation program, these decisions were not calculated to influence compensation outcomes. — Autodesk May 31, 2024 press release"

"“All members of audit, compensation, and nominating/governance board committees should be independent” — BlackRock Investment Stewardship, Proxy voting guidelines for U.S. securities - January 2024"

""It costs $2 million. I don't know many labs that can actually afford this kind of machine... this is probably not how I would spend a couple of million dollars." — Chan Zuckerberg Biohub Scientist"

"Competition Heats Up for Asphalt Paving Assets — The Deal, Nov 14, 2022; Rose Paving Merges with Atlantic Southern Paving and Sealcoating, Expanding Nationwide Presence — press release, Dec 5, 2024"

""As Core projected, the Company’s third quarter 2016 results established the bottom of the expected ‘V-shaped’ recovery that the Company expects to continue in 2017." — CLB Q1 2017 earnings release"

"Autodesk Inc. fell by the most in almost a month after disclosing an internal investigation into its own accounting practices and putting off the release of its annual financial report. — Bloomberg"

""As has become an annual ritual, athena issued disappointing guidance ahead of its analyst day. [...] The company historically gets a pass for guiding below consensus." — Oppenheimer, Dec. 11, 2013"

"“Very much the latter. My judgment - everything is going to go through TransMedics; nothing is going directly most of the time.” — Transplant procurement surgeon previously working with TransMedics"

"“I know. I hear you, because that was a conversation that was had internally. But it was the data that it was, and they moved forward with it.” — Formerly in a senior medical affairs role at Soleno"

"“if the goal here is largely appetite, weight, that sort of zone, at least show a benefit in BMI or something...those are the typical endpoints that we use...in this space” — PWS endocrinologist #9"

"there was a clear and direct correlation of pitolisant exposure with QTc prolongation and that “at supratherapeutic doses, QTc increases greater than 10 msec are anticipated.” — FDA clinical review"

"The company was acquired from companies controlled by the major shareholder of the Company and the acquisition is accounted for as common control transaction. — CPI Property Group (Financials 2017)"

"At ~6,500 lbs, Midnight is believed to be one of the largest eVTOL aircraft to complete transition, which is critical to being able to carry commercially viable passenger payloads — Archer Aviation"