Notes

On September 10, an audit of 3 closed trades was conducted, resulting in 0 wins. The results were as follows: MIRM had a loss of 0.439321 percent, which is a dollar loss of $0.285515, with a risk ratio of -0.069827; IONS had a loss of 2.842420 percent, which is a dollar loss of $1.847289, with a risk ratio of -0.411058; and RARE had a loss of 45.860062 percent, which is a dollar loss of $29.804454, with a risk ratio of -6.440348. The total loss was $31.937258, with a mean return of -16.380601 percent. There was 1 stop and 2 operator liquidations. For RARE, the exit price was $13.98976, which is $10.01024 less than the stop price of $24, resulting in a shortfall. This shortfall was not solely due to execution slippage, as there was an overnight news and price gap. The entry stop was null, so RARE used a stored stop, but the sample size was tiny and censored. runway:query_trades?fund=catalyst

A September 9 filing for the August 1 quarter, as seen on pages 18:31–32, reported that AVAV has remaining fully funded obligations of $1,457.822 million. The company expects to recognize 78% of this amount in fiscal year 2027 and 22% in fiscal year 2028 or beyond. It is important to note that revenue recognition does not necessarily mean collection. In Item 1A, the company stated that there has been no material change to the risk factors outlined in the fiscal year 2026 10-K report. Additionally, the absence of a supplier keyword match does not necessarily mean there is zero supplier exposure. The prior annual risk analysis from 2018 remains the baseline for comparison. https://investor.avinc.com/node/21396/html

On September 8, the OESX200 data center order was released on the homepage, and on September 15 at 16:30 EDT, a conference was held. The changes to the page hash do not mean a new contract was established. The advisory route, called ACP, was blocked with a 403 error, and an attempt to access a PDF file was also blocked with a 403 error at 18:31:13. The August monthly operations report was not read, and no transit numbers were found. A direct access attempt to AVAV Summitcast at 18:30:38 resulted in a 404 error, which confirms a browser failure. No new operational comments were verified, but this does not mean that none occurred. https://investor.oriones.com/ ; https://pancanal.com/en/maritime-services/advisories/ ; https://pancanal.com/wp-content/uploads/2026/09/ADV-34-2026-Monthly-Canal-Operations-Summary-August-2026.pdf ; https://event.summitcast.com/view/e82pfcbT4UwH79PoqVE5jB/FdrSzAFqDzzqoXN2PC5xKh

A news scan found the text: Browser at 18:31 reads a document filed on September 9 for a September 10 conference. The document says that international sales for the second half of the year will be more than 40 million, compared to 12.6 million in the first half. The project will operate until mid-2027. The forecast does not include unpaid invoices. A browser recovered a document from the SEC, number 403. A trade from September 10 was reused, with a win of 30 and a loss of 29, and a percentage of 60.7341% for wins and 29.95217% for losses. A computer program called Python calculated the mean to be -7.62944496%. The half Kelly, a measure of risk, was calculated to be -0.1946214086, but was clipped to 0. There is no new test of the system or current price. The previous quarter's Kelly agrees with this result. The half Kelly follows the current instruction for sizing, which is a way of deciding how much to invest. https://www.sec.gov/Archives/edgar/data/928054/000092805426000087/ex992-lakestreetinvestor.htm ; https://runway.adityaperswal.workers.dev/data/stock-bars ; frozen analyses1895/2238/2266

The issuer released its financial results for the quarter ended August 1 on September 9 at 16:10 EDT. The operating cash flow was $13.496 million, with equipment costs of $44.033 million and capitalized software costs of $5.417 million, resulting in a total of -$35.954 million, which is -7.482778% of revenue. The revenue was $480.490 million. The AxS segment had an EBITDA of $62.285 million, which is 18.003058% of its revenue of $345.969 million. The SCDE segment had an EBITDA of -$8.896 million, which is -6.613094% of its revenue of $134.521 million. These calculations are based on unaudited financials and show that demand is not consistently profitable across all segments. There is no update on a conference call. https://investor.avinc.com/news-releases/news-release-details/aerovironment-announces-fiscal-2027-first-quarter-results

The current mandate for EPM EXTRA910 uses arithmetic to determine sizing, rather than approved targets. A Python calculation from 1928 data shows a win rate of 4/6, with a win percentage of 2.643209564% and a loss percentage of 3.262590862%. The calculation also shows a b value of 0.810156614 and a raw half Kelly value of 0.127611793, but the approved value is 0. The current mandate has a normal account risk of 3%, which is 25.5297, and a convex account risk of 5%, which is 42.5495. The account position cap is 212.7475, but the fund's cash, which is 49.14, limits this. The target for Paper 1.5R is 3.89686, and the arithmetic 3R target from the original 3.73 entry with a risk of 0.11124 is 4.06372, but this is not an evidence-backed target or order. The previous convention of 1% per quarter Kelly with a 1.5 gate has been superseded for new trades, but the paper remains unchanged. runway:query_research?fund=catalyst&analysisKind=backtest&symbol=EPM ; user:AGENTS.md

A news scan found the headline that on September 10 at 18:31 UTC, the latest three issuer releases for EPM EXTRA910 were: a September 8 earnings notice, an August 20 Midland mineral and royalty acquisition close, and an August 19 public offering pricing. There were no early earnings in the inspected three items, which is not an exhaustive corporate action audit. https://ir.evolutionpetroleum.com/rss/news-releases.xml

On August 21, the issuer re-read the information at 18:31 UTC. The FDA decision may occur at any time through September 30. The issuer removed Catalent Indiana from the Biologics License Application, which is a formal request to the FDA to approve a biological product, and an alternate fill and finish process is under review. Following an Official Action Indication, which is a notification from the FDA that an action is required, the European Union Marketing Authorization Application was withdrawn, and the procedure was concluded on August 20. A planned resubmission with an alternate process is expected. The issuer claims that they are ready to supply and launch the product, but this is not the same as approval or receiving cash. The current absence of a Regulatory Status Update does not prove that the status is pending. https://investors.scholarrock.com/news-releases/news-release-details/scholar-rock-provides-update-global-apitegromab-regulatory

A filing from September 10 was received at 18:31 UTC, covering 26 weeks that ended on August 2. The company's operating cash flow was -11.429 million US dollars, its investing activities were -12.204 million US dollars, and its financing activities were -9.416 million US dollars. The company's cash balance was 68.804 million US dollars, compared to 101.853 million US dollars at the beginning of the period, resulting in a cash change of -33.049 million US dollars. The company received a refund of 21 million US dollars, which included 20 million US dollars for cost of goods sold, 0.3 million US dollars for inventory, and 0.7 million US dollars for interest. In the prior year, the company's operating cash flow was -29.212 million US dollars and its investing activities were -13.196 million US dollars, totaling -42.408 million US dollars. This represents an improvement of 18.775 million US dollars, or 44.271 percent, which includes a refund and is not entirely organic. The company notes that the new quarter's receipt cannot be considered the same as its recurring free cash flow. The issuer is the original source of this information, and there is no independent confirmation. Additionally, prior guidance that was supposed to be bridged has not been resolved. https://www.sec.gov/Archives/edgar/data/1701758/000162828026061220/love-20260802.htm

A computer program compared data from 16:32 to 18:29:56. It found changes in the open interest, which is the number of contracts that have not been settled, of several cryptocurrencies. For Bitcoin, the open interest changed from 29192.012 to 29205.646, an increase of 0.046704557%. For Ethereum, it changed from 616889.749 to 596374.569, a decrease of 3.325582899%. For Solana, it changed from 2719084 to 2687627.33, a decrease of 1.156884819%. These numbers are for a single trading venue and show the total number of contracts, not the net result of buying and selling, and do not take into account the use of borrowed money to invest. The program also did not compare these numbers to historical data. A correction was made to a statistical analysis, where 2268 references were estimated to be 22873, but the actual number of observations was found to be 22877. The results that were already finalized were not changed. https://www.okx.com/api/v5/public/open-interest ; observations22840,22872,22877

A data scan found the following information: a direct collector completed a local refresh at 18:30:35.756 UTC with an exit code of 0 after 7 out of 7 attempts. The current bid and ask prices for Bitcoin, or BTC, are 77027.5 and 77044.7, respectively, with a price age of 41 seconds and a depth of 77.4 and 76.8 in USD, and a hurdle of 0.524%. The hurdle is calculated as 100 times the difference between the ask and bid prices, assuming a 25 basis point spread on each side of the trade, excluding extra slippage from depth. Similarly, the current bid and ask prices for Ethereum, or ETH, are 2459.4 and 2459.934, respectively, with a price age of 83 seconds and a depth of 82 and 81.7, and a hurdle of 0.524%. For Solana, or SOL, the current bid and ask prices are 99.291 and 99.3817, respectively, with a price age of 80 seconds and a depth of 94.4 and 94.2, and a hurdle of 0.594%. Other prices include USDC at 0.9995 and 1.00001 with a price age of 137 seconds, USDG at 0.99999 and 1.00001 with a price age of 52714 seconds, XRP at 1.348 and 1.353 with a price age of 89 seconds and a hurdle of 0.875%, UNI at 6.02875 and 6.041 with a price age of 77 seconds and a hurdle of 0.706%, LTC at 52.03 and 52.3486 with a price age of 141 seconds and a hurdle of 1.117%, HYPE at 79.7 and 80.064 with a price age of 78 seconds and a hurdle of 0.961%, and LINK at 11.613 and 11.6384 with a price age of 50 seconds and a hurdle of 0.722%. A total of 9 out of 10 quotes are fresh. A liquid tip with a timestamp of 1789064950 and an age of 86 seconds was also found, with a previous tip at 16:32. A secondary connect timeout occurred, and the operator hash 1fa338f6b403063d815b51327749e5cafdd00164b7e7f0e4f2a7f8568410238b remains unchanged with 2 notes. Additionally, a recipient has 598.50044115 BTC in the mempool net with a transaction fee of 0.0000462 and 292 transactions, and a reserve of 3601.47203772 BTC in the mempool with 0 transactions and no change. There are 31 recent transactions with 0 controlled, but this is not a full history, and there is no independent authorized payout or recovery proof. https://runway.adityaperswal.workers.dev/data/crypto-snapshots ; https://blockstream.info/liquid/api/blocks ; https://blockstream.info/api/ ; https://liquid.network/api/blocks ; https://x.com/Blockstream

A news scan found the original earnings release of AVAV for the fiscal quarter ended August 1. The release was issued on September 9 at 16:10 EDT. Revenue was 480.5 million dollars, which is a 6% increase from 454.7 million dollars. Bookings were 0.7 billion dollars, with a book-to-bill ratio of 1.4 and funded backlog of 1.5 billion dollars, which is a 37% increase. Gross margin was 124.6 million dollars, compared to 95.1 million dollars, with an intangible purchase accounting expense of 18.5 million dollars, compared to 37.4 million dollars. The issuer's primary interest is noted, rather than independent cash verification, which is a method of verifying financial information. The full HTML release was 299723 bytes, with a SHA code of 87a4f3355ebdf8d90bad4fe1ea75f3aee74e07575c8107e685ed7f75a52d7647, but no prior comparison was made. The current close on September 10 was unobservable at 18:30, and no earnings per share or price was inferred from headlines. https://investor.avinc.com/node/21391

A news scan found the headline 'SRRK EXTRA910 current issuer feed'. The six latest items were from September 10 at 18:30. These items included a September 2 update on FSHD fast track dosing, an August 27 conference, and an August 21 regulatory update. There was no newer information on the SMA facility resolution in the inspected RSS entries, but this does not necessarily mean it is absent or approved. A prior message remains unread. https://investors.scholarrock.com/rss/news-releases.xml

On April 10, the issuer reconfirmed that the goal date for the PDUFA, which stands for Prescription Drug User Fee Act, a deadline for the US Food and Drug Administration to review a new drug application, is September 11. This confirmation was made at 18:30 on September 10. As of April 10, there was no clarification on Pixclara revenue in the financial year 2026 guide. A check of the latest six RSS news items at 18:30 showed news about Ga68 availability on September 10, a conference on September 9, and BiPASS on September 1, but did not include any decision on Pixclara. This check is not proof that a decision is pending and is not an exhaustive review of FDA or ASX announcements. https://telixpharma.com/news-views/fda-accepts-nda-for-tlx101-px-pixclara/ ; https://telixpharma.com/feed/

A notice from the issuer, received on September 8 at 18:30 UTC, confirms that financial results will be released on September 15 after the market closes, followed by a call at 10:00 Central time on September 16, which are distinct times. The plan to exit the position at the close of trading on September 14 remains unchanged, as stated in the frozen paper. The issuer's source is optimistic, but there is no second independent source to confirm this information. https://ir.evolutionpetroleum.com/news-releases/news-release-details/evolution-petroleum-schedules-fiscal-q4-and-full-year-2026

A news scan found the headline 'EPM EXTRA910 delayed paper progress'. Fetched at 18:30:07 UTC, 147 minutes of data were emitted from 13:30 to 18:10 without pagination. The high was 3.82, the low was 3.675, and the volume was 271797. The mark was up by 1.742627%, which is an increase of 0.584322 from 3.73. No low emissions were recorded at or below 3.61876, and no high emissions were recorded at or above 3.89686. Missing minutes were not interpolated, and the delayed history did not provide an executable quote, full daily outcome, or 15-minute execution validation. https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=EPM&timeframe=1Min&start=2026-09-10T13:30:00Z&end=2026-09-10T18:10:00Z&feed=sip&adjustment=all&limit=10000

A browser check at 18:30 confirms that an event for AVAV occurred on September 10 at 12:50 EDT, as previously announced on August 27, with a promise of an archived webcast. The list of issuer events includes slides from September 9 for the first quarter, but does not include a transcript of the September 10 conference. A search using the Summitcast browser resulted in a 404 error, so a direct fallback search is pending. A limited search of the original site found an announcement of the conference, but no new transcript of the operations discussion. The fact that the transcript could not be found does not necessarily mean that no new comments were made, as the issuer still labels the event as upcoming, which may not reflect the actual status of the event's completion. https://investor.avinc.com/events/event-details/2026-jefferies-global-industrials-conference ; https://investor.avinc.com/news-events/events-and-presentations ; https://event.summitcast.com/view/e82pfcbT4UwH79PoqVE5jB/FdrSzAFqDzzqoXN2PC5xKh

A check was done on September 10 at 18:29 UTC. It found that all three catalyst trades were closed, with no trades open, pending, or closing. The system had 20 armed monitors, but none were due at that time. There were 208 out of 209 next checks scheduled for 19:40, and 5 active jobs. At 16:45 on September 17, a pending receipt from September 15 was resolved. A news scan found the IPHA news website was accessible with a hash of 63c1ed7a93468887, but the hash did not match the content, and it no longer showed a ValueError. On September 13 at 17:15, the END4SEC, 3RSS, and FDA processes were completed. On September 6 at 17:01, the END process was completed. The context of the fund was 49.14, with an account balance of 850.99. runway:query_trades?fund=catalyst ; runway:list_monitors?fund=catalyst ; runway:list_jobs?fund=catalyst

A live query from 18:29 to 18:30 found no open, pending, or closing supply lots, only closed lots for FRO6 and STNG3, which were liquidated by the operator. The current cash supply is 278.67, equity is 850.99, and position cap is 212.7475. There are five active jobs: 12, 18, 36, 73, and 173. Job 173 last ran at 18:15:38 and completed 21 out of 21 attempts, with the next run scheduled for 19:15:35 and 8 runs left. Issues with the Bombardier challenge and CENTCOM error remain, and job 36 had an AI.PA403 and MOFCOM timeout. Job 73's exact 8K filter missed amendments and did not measure new current prices. On September 9, job 12 analyzed FRO with a price of 47.23, compared to the prior price of 46.57, and an ADR of 1.23325, and STNG with a price of 82.845, compared to the prior price of 82.345, and an ADR of 1.68125, which was a descriptive IEX breakout, but it was not eligible for execution and did not have fresh quotes. query_trades fund=supply ; list_jobs fund=supply ; user 2026-09-10T18:28:48.785Z account snapshot

A Python recomputation, not a new backtest, was performed. The results for Bitcoin, or BTC, show 12 trades with a win rate of 41.6667%, a average win of 2.712015818%, and a average loss of 4.120799879%, with an efficiency of -1.273793339% and a half Kelly criterion of -0.234842535. For Ethereum, or ETH, there were 9 trades with a win rate of 44.4444%, a average win of 2.509134122%, and a average loss of 5.195119754%, with an efficiency of -1.771006920 and a half Kelly criterion of -0.352911968. For Solana, or SOL, there were 8 trades with a win rate of 50%, a average win of 3.842804028%, and a average loss of 5.317245359%, with an efficiency of -0.737220666 and a half Kelly criterion of -0.095922230. All clamp values are 0. A query found one closed BTC10 operator liquidation, but no open, pending, or closing positions, making it unsuitable for setup or slippage calibration. Five 187 quote receipts were received between 16:46:26 and 18:01:38, with gaps of 15.6780, 29.4300, 15.0362, and 15.0660 minutes. As of 18:29, there were 187 active positions with 8 left to execute by 18:15, and the last execution was at 18:00. At 18:45, there were 188 active positions with 2 left to execute, and the last execution was at 17:45. Both had a hard cutoff at 19:41, and scheduled coverage should be retained without inferring on-time future execution. The daily census on the 14th showed 36 symbols, with USDG incomplete for 3 and 7 days. On September 25, all aggregate checks passed, but this did not repair older history. Seven crypto monitors were armed, with the next one due at 2021 9:40. The maximum position size was 212.7475, with a fund size of 235.86. The current target is 3R, with a maximum of +2R, which differs from the rejected 1.5R target and old +1R references, so old tests should not be promoted to current-policy validation. https://runway.adityaperswal.workers.dev/data/crypto-bars ; backtests2183-2185 ; query_trades fund=crypto ; notes2000,2003,2006,2008,2010 ; list_jobs fund=crypto

A news scan found the following data line: 189 actual 18:00:57 all 3 panels/END true; preceding 17:15:52/16:45:55 => 30 then 45 min interval versus 30 scheduled. This means that the system had 3 panels end at 18:00:57, with the previous panels ending at 17:15:52 and 16:45:55, resulting in a 30-minute interval, then a 45-minute interval, instead of the scheduled 30 minutes. Hashes for AVAV, FTK, and LOVE, which are stock tickers, remained unchanged, with the values being AVAV 701 acbd7ad08, FTK bbd0666457a, and LOVE ab7020afb5ec. The selected links also remained the same. There are 3 runs left, with the next one scheduled for 18:30:53. The system is expected to be completed by 19:30, but will be reviewed by 19:40, although the actual cadence is not guaranteed. A previous task was completed at 16:45:44, with 0 tasks left, and an old issue with a missing footer was resolved. At 18:15:38, the system had seen 117 pages, with 3 more pages to process, and 4 matches found, but 0 pages were omitted. The system also processed syndicated transcripts for CULP, DBI, and LOVE, but the new event signals for YB were not verified. The next update is scheduled for 22:15. There are 54 daily tasks left, with the next one scheduled for September 11 at 02:45. The top 3 eligible stocks, EWY, EWT, and EWP, had 0 monthly catch-up tasks. list_jobs(fund=quant); query_research(fund=quant,kind=notes)

A news scan found the headline 'TXNM QTR9101828 response deadline original reverified; actual filings unavailable'. At 18:29 UTC, the issuer mirror acquisition, numbered 25-00060-UT, was updated on August 18. The original order from August 18, page 3A, states that staff and all parties may respond by September 9, but there is no approval deadline. On August 27, a declaratory order was issued for a distinct case. The website https://e360.prc.nm.gov/portal/public/ has no readable lines, and the actual responses from September 9 remain unavailable, and are not assumed to be absent or accepting protections. The original regulator order on the issuer mirror is the primary evidence of the procedure. https://www.txnmenergy.com/~/media/Files/P/PNM-Resources/rates-and-filings/2025%20Blackstone%20Infrastructure/PNM/Order%20Granting%20Joint%20Movants%20Motion%20for%20Extension.pdf

A news scan found the headline of a full investor PDF identity for FTK QTR9101828. The direct issuer is GET at 18:29:51 UTC on 200. The SHA256, a type of digital fingerprint, is bfccac357506321b2fb05f8a0394e1fbfcb246456e516b277f8e982aa64c8178, which matches 22846. This means the entire file, not just a list of its contents, has been verified. The file does not include any new information about cash payments. The issuer's forecast is considered important evidence, but it has not been officially checked and is not a record of actual cash paid. https://ir.flotekind.com/image/Lake-Street-Investor-Presentation.pdf

At 18:29 UTC, a fresh ledger was created, showing 3 closed trades that were liquidated by the operator and 0 trades that are open, pending, or closing. Using Python, the saved values of p = 0.43979544398, W = 0.617581664%, and L = 0.682768517% were used to calculate a mean of -0.1108804318176%. The half-Kelly formula, which is a method to determine the optimal bet size, was also calculated as max(0, 0.5 * (p - (1-p) / (W/L))) = 0. No new backtest was performed. The user's context includes a fund value of 187.22 and an account value of 850.99. The current mandate is to take a normal risk of 3%, with a convex risk of 5% and a position risk of 25%. The specific values for these risks are 25.5297, 42.5495, and 212.7475, respectively. A prior mandate of 1% with a value of 8.5099 is no longer the current venue mandate. There has been no change in sizing since the last update, which is referred to as edge 0. query_trades(fund=quant); saved analyses2208/2209/2255; https://runway.adityaperswal.workers.dev/data/stock-bars

A fund for crypto research was observed on 2026-09-10T18:29:54.353116+00:00. The source of this information is https://www.okx.com/api/v5/public/time with an offset of 0.4059 seconds and an uncertainty of 0.472 seconds. Another source, https://www.okx.com/api/v5/public/funding-rate and https://www.okx.com/api/v5/public/open-interest, provided the following data: for Bitcoin, or BTC, the funding rate was 1.0 basis points and the settled rate was 0.9658 basis points, with an open interest of 29205.646 coins. For Ethereum, or ETH, the funding rate was -0.8275 basis points and the settled rate was -0.6047 basis points, with an open interest of 596374.569 coins. For Solana, or SOL, the funding rate was -0.1599 basis points and the settled rate was -0.3151 basis points, with an open interest of 2687627.33 coins. A stablecoin issuer, Circle, reported on September 07, 2026, that it had issued and redeemed certain amounts of coins. The USDC issuer reported a raw CMS value of 74207680145.952487476, but the date was not parsed. An aggregator, Llama, reported that the circulating value of a stablecoin was 74386006033.1783, with values on Ethereum, Solana, and Hyperliquid L1. The fund is not buying, and the eligible amount is 0. The data was retrieved from direct exchange and issuer sources, and Llama is not an independent issuer. The retrieval started at 18:29:54 UTC, and the reference timestamps are in the payload. There is no historical percentile, directional flow, or current-date issuer inference. https://www.okx.com/api/v5/public/funding-rate ; https://www.okx.com/api/v5/public/open-interest ; https://www.circle.com/transparency ; https://stablecoins.llama.fi/stablecoin/2