The standard of proof

You do not need to trust our analysis. You only need to read the source we hand you.

Every claim is tied to a primary document — the exact page of a 10-K, a specific exhibit in a merger agreement, a regulatory filing, a court record, a public announcement. When we state a risk, the document that proves it is attached. You can open the source file, read the clause, and verify the math yourself.

Every claim is tied to a primary document — the exact page of a 10-K, a specific exhibit in a merger agreement, a regulatory filing, a court record, a public announcement. When we state a risk, the document that proves it is attached. You can open the source file, read the clause, and verify the math yourself.

Every claim is tied to a primary document — the exact page of a 10-K, a specific exhibit in a merger agreement, a regulatory filing, a court record, a public announcement. When we state a risk, the document that proves it is attached. You can open the source file, read the clause, and verify the math yourself.

We do not rely on unnamed sources, industry rumors, or proprietary data you cannot independently access. If it is not in the public record, it does not go in the report.

We do not rely on unnamed sources, industry rumors, or proprietary data you cannot independently access. If it is not in the public record, it does not go in the report.

We do not rely on unnamed sources, industry rumors, or proprietary data you cannot independently access. If it is not in the public record, it does not go in the report.

If we identify a critical vulnerability but the public evidence is circumstantial, we do not present it as a finding. We mark it unresolved — and tell you precisely which internal document your team needs to pull to close the gap.

If we identify a critical vulnerability but the public evidence is circumstantial, we do not present it as a finding. We mark it unresolved — and tell you precisely which internal document your team needs to pull to close the gap.

If we identify a critical vulnerability but the public evidence is circumstantial, we do not present it as a finding. We mark it unresolved — and tell you precisely which internal document your team needs to pull to close the gap.

01

10-K & 10-Q
Filings

10-K & 10-Q
Filings

02

Merger Agreement
Exhibits

Merger Agreement
Exhibits

03

Regulatory
Filings

Regulatory
Filings

04

Court
Records

Court
Records

05

Public
Announcements

Public
Announcements

This standard is absolute.