Notes

Direct20016:32UTC SHA256bfccac357506321b2fb05f8a0394e1fbfcb246456e516b277f8e982aa64c8178 matches22834 exactly. Same file supports no incremental content here; cannot establish absence of another disclosure. Prior H2>40m forecast remains forecast, not paid invoices. Storedreview/ftk.pdf. https://ir.flotekind.com/image/Lake-Street-Investor-Presentation.pdf

16:31–33 review: acquisition25-00060-UT mirror latestAug18order; Aug27declaratoryorder separatecase. OriginalAug18p3A permitsstaff/partyresponses bySep9; notapprovaldeadline. Regulatorhttps://www.prc.nm.gov/pnm_acquisition_case_information/ retains halt summary; https://e360.prc.nm.gov/portal/public/ zero readablelines. Bounded officialsearch didnotretrieveactualresponses. Missing retrieval notnonfiling/acceptance. No newAPIreverseengineering after prior failed audit. https://www.txnmenergy.com/investors/rates-and-filings/pnm-nmprc-filings.aspx

Table1 millions: July sales801278/inventory958854; revisedJune794907/946687, replacing prior rounded794.1bn/944.7bn. Do not compute July growth against old vintage. Electrical sales111485(+.1%MoM)/inventory100128(+2.3%),ratio.90; petroleum100152(+3.1%)/35998(+6.5%),ratio.36. Aggregates not issuer cash or delivered scarcity. Python rounded ratio958.9/801.3=1.1966804; growth difference1.3-.8=.5pp, no significance test on difference (covariance unknown). https://www.census.gov/wholesale/pdf/mwts/currentwhl.pdf

Retrieved16:31–33UTC Sep10: July nominal SA sales801.3bn,+.8%MoM(90%margin±.4),+13.0%YoY(±.5); inventories958.9bn,+1.3%MoM(±.2),+5.7%YoY(±1.2); ratio1.20 vs1.28July2025. June sales change revised-3.0 to-2.9%. Survey excludes manufacturers sales offices/branches and agents/brokers; not price adjusted. Both agency pages same originating survey, not independent corroboration. https://www.census.gov/wholesale/current/index.html

Direct requests HTTP200 during16:32UTC after web tool internalerrors. September10 decision raises three rates25bp effectiveSeptember16:deposit2.50%,main refinancing2.65%,marginal lending2.90%. Unchanged from morning primary baseline; no assumed consensus or price surprise. Earlier22837 approximate retrieval range extended beyond creationtime; actual sources fetched16:31–16:32UTC, data unchanged. https://www.ecb.europa.eu/press/pr/date/2026/html/ecb.mp260910~314e508016.en.html

fund=crypto research only eligible=0 observed=2026-09-10T16:31:59.615286+00:00 source=https://www.okx.com/api/v5/public/time offset_s=0.2604 uncertainty_s=0.2482 source=https://www.okx.com/api/v5/public/funding-rate ; https://www.okx.com/api/v5/public/open-interest {"s":"BTC","ts":["1789057862632","1789057920832"],"age":[58.4,0.2],"fresh":true,"funding_bp":0.9856,"settled_bp":0.9658,"oi_coin":29192.012} {"s":"ETH","ts":["1789057862678","1789057920827"],"age":[58.4,0.2],"fresh":true,"funding_bp":-0.8344,"settled_bp":-0.6047,"oi_coin":616889.749} {"s":"SOL","ts":["1789057863619","1789057920825"],"age":[57.4,0.2],"fresh":true,"funding_bp":-0.3428,"settled_bp":-0.3151,"oi_coin":2719084.0} source=https://www.circle.com/transparency issuer_date=Sep 07, 2026 bn[circ,issue7,redeem7,issue30,redeem30,issue365,redeem365]=[74.28, 8.8, 7.86, 36.59, 34.37, 333.52, 331.64] source=https://www.usdc.com/ raw_cms_value=UNPARSED issuer_date=UNPARSED NO_FLOW_INFERENCE locale/template ambiguity source=https://stablecoins.llama.fi/stablecoin/2 {"ts":1788998400,"circulating":74386006033.1783,"Ethereum":[1788998400,47146319984.45],"Solana":[1788998400,7103929420.46],"Hyperliquid L1":[1788998400,6887999675.1]} END crypto collection; definitions/cutoffs differ; flow is not buying; eligible=0 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

fund=crypto research only eligible=0 observed=2026-09-10T16:32:40.067891+00:00 src=https://runway.adityaperswal.workers.dev/data/crypto-snapshots ; https://blockstream.info/liquid/api/blocks BTC b/a=76911.5/76932.1 age=40 ok=1 depthUSD=77.1/77.7 hurdle%=0.529 ETH b/a=2437.19/2437.875 age=137 ok=1 depthUSD=243.3/80.7 hurdle%=0.530 SOL b/a=99.06/99.1672 age=92 ok=1 depthUSD=93.8/94.3 hurdle%=0.611 USDC b/a=0.9995/1.00001 age=3678 ok=0 depthUSD=9995000.0/10000100.0 hurdle%=0.553 USDG b/a=0.99999/1.00001 age=45638 ok=0 depthUSD=9999900.0/10000100.0 hurdle%=0.504 XRP b/a=1.3469102/1.3493 age=92 ok=1 depthUSD=131.1/5626.5 hurdle%=0.680 UNI b/a=5.935/5.94809 age=53 ok=1 depthUSD=4189.5/4185.7 hurdle%=0.724 LTC b/a=51.718/52.02 age=69 ok=1 depthUSD=3532.3/3523.4 hurdle%=1.089 HYPE b/a=79.08/79.48 age=47 ok=1 depthUSD=61381.1/61104.2 hurdle%=1.010 LINK b/a=11.53/11.55 age=54 ok=1 depthUSD=13359.5/13398.0 hurdle%=0.676 fresh_quotes 8 /10 recipient BTC 598.50044115 mempool_net 4.62e-05 tx_n 292 reserve BTC 3601.47203772 mempool_net 0.0 tx_n 590 recentpage 31 controlled 0 not_full_history=1 tip 4051484 age_s 90 t 1789057870 second {'error': 'ConnectTimeout'} operator_notes 2 operator_hash 1fa338f6b403063d815b51327749e5cafdd00164b7e7f0e4f2a7f8568410238b claim Following the recent incident affecting the Liquid Network and the movement of funds, Blockstream, a END fund=crypto panels_attempted=7/7 eligible=0; balances not sales or recovery https://runway.adityaperswal.workers.dev/data/crypto-snapshots ; https://blockstream.info/liquid/api/blocks ; https://blockstream.info/api/ ; https://x.com/Blockstream

Python audit exact frozen cash-basis payoffs:BTC N12 p.4166667 W2.7120158% L4.1207999% E-1.2737933% rawquarterKelly-.11742127; ETH N9 p.4444444 W2.5091341 L5.1951198 E-1.7710069 Kelly-.17645598;SOL N8 p.5 W3.8428040 L5.3172454 E-.7372207 Kelly-.04796112. Clamp all0. 2025train/reused2026Jan1–Sep9holdout,25bp fees/side10bp slip; no fresh test. Only ownclosedBTC10 forcedliquidation; noopen/pending/closing. Six quote receipts14:01→16:01 completeEND lengths1436,1445,1443,1442,1454,1454; gaps29.90325,15.05653,15.08778,30.00755,30.02392min. Job18416:31:30 completeEND numeric; tip4051483,secondarytimeout,operatorhashunchanged,balances unchanged. 185done after16:01,184active buthardcutoff16:31; needsreplacement. Scheduled15min not observed15min coverage. https://runway.adityaperswal.workers.dev/data/crypto-bars ; backtests2183–2185 ; crypto notes1972,1973,1976,1978,1981,1985 ; query_trades fund=crypto

Retrieved this run 16:31–16:33UTC, both agency releases dated September10 08:30ET. August final-demand PPI+.4%m/m,+5.4%y/y; excluding food energy trade+.3/+4.7; July+.1m/m. Energy+4.2 and services+.1. September5 initialclaims206000 vs revised207000, four-week206000; August29 insured1774000. No change against morning verified baseline. Direct agency data closest to release; preliminary/revisable, no consensus or causal crypto-return inference. ECB web retrieval internalerror, direct fallback pending. https://www.bls.gov/news.release/ppi.nr0.htm ; https://www.dol.gov/ui/data.pdf

Sep10~13:57 finalquery0open/pending/closing;3closedunchanged,alllosses2operatorcensored. Fund49.14cash/account850.99context; no orders.20armedmonitors,noneoverdue;167/192resolved,200/201next16:30,168Sep14paperexitunchanged.5activejobsreviewed;172IPHAnewsValueErrorgap remains. PaperEPMentryrecordednotliveposition. SRRKissuerlinkedKVGO200JSshellnoaudioreview. Prior1966stray'Paper1930?'istypo,noreference1930used;authoritative1734/1928. Consequences2249'cashconstrainedissuer'wasgeneralconditionalmechanism,notfindingLOVEfinancialdistress;issuerstatesnodebt,strongcash. No newbacktestorclosedpaperreturn, allocation0. runway:query_trades?fund=catalyst ; runway:list_monitors?fund=catalyst ; runway:list_jobs?fund=catalyst

13:53–54UTCpublicconfig200 exposescoreAPI https://e360.prc.nm.gov/core/ ; publiclylinkedmain.01ac556ee8a41515.js downloaded17,287,884characters. BoundedsearchCase/caseSearch/publicSearch/getCases stringinspectionfoundnoroute. Didnotinferunpublishedfilings; fullactualresponse retrievalgap remains. Stoptechnicaldigression sinceindependentdealprobability/executableedgealsoabsent. No authenticated/private access attempted. https://e360.prc.nm.gov/portal/public/assets/config.json

Direct200 download13:52–53UTC,28pages SHA256bfccac357506321b2fb05f8a0394e1fbfcb246456e516b277f8e982aa64c8178 exactlymatches22780/21579. p8H2revenueexpected>40mvsH1 12.6m; p22initial12MWpowerpaused,infrastructure delays,Phase2discussions,Q2revenue5.9m. Samefile no incrementalpaidinvoices; notproofnothingelsepublished. Localpdftotextmissing; isolatedpypdfinstalledreview/pylib,extractioncompleted13:55. No cash-table recomputation. https://ir.flotekind.com/image/Lake-Street-Investor-Presentation.pdf

Bothoriginals200. Q1outlookreflected3.6mrefundincludinginterest andFYsales700–740m/EBITDA35–46m; oldnonGAAPdefinitiongenericothergains,notexplicitIEEPAexclusion. Q2excludesrefundexplicitly andsales690–710m/EBITDA31.5–35.5m. Midpoints720→700(-2.77778%) and40.5→33.5(-17.28395%) nominal only. Conditional ifoldEBITDAincludedall3.6m,restated36.9→33.5=-9.21409%; interestportionunquantifiedso3.6notexactEBITDAadjustment. Do notlabel17.28%fullyorganiccut; callbridgeunverified. Neither interpretation validatespostevententry. https://investor.lovesac.com/news-events/press-releases/detail/164/the-lovesac-company-reports-first-quarter-fiscal-2027 ; https://investor.lovesac.com/news-events/press-releases/detail/167/the-lovesac-company-reports-second-quarter-fiscal-2027

Sep10 directdelayedSIPdaily200 throughSep9, no pagination. Sep9close EPM3.69/LOVE16.03/TLX12.34;20sessionmeanH-L .11124/.66787/.237955 respectively. Sep10actual13:30openingbar price3.73/14.04/12.10 -> Python gap+1.084011%/-12.414223%/-1.944895%. Openinggapnotfullsessionreturn or causalimpactestimate; sameSIPalladjustments acrossinputs. No currentexecutablequote. EPM opening minute40trades,V5691; actualpaperentryreference notguaranteedfill. https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=EPM,LOVE,TLX&timeframe=1Day&start=2026-08-10T00:00:00Z&end=2026-09-10T00:00:00Z&feed=sip&adjustment=all&limit=1000

Actual13:30Sep10 SIP minuteopen3.73 freezes1734 paper. Prior20sessionADR independently reproduced .11124 from SIPdaily throughSep9. Reference stop3.61876,target3.89686,forcedSep14close beforeSep15AMC; dailyproxy1928 remainsunchanged,no15min/+1Radded. Python grossstop2.982306%,target4.473458%. Fees5bp/side/slip10bp gives entryfill3.73373,entrycash3.735596865,nettarget+4.160508%,netstop-3.272923%,RR1.27119;25bpslip entry3.739325,cash3.741194663,nettarget3.848493%,netstop-3.562670%,RR1.080227. No observedexit/returnyet. BothRR<1.5; no widening. Corporateaction sanity: dailySep9close3.69,ADRmatchesfrozen,notcomprehensiveactionaudit. Noorder,approvedsize0. https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=EPM,LOVE,TLX&timeframe=1Min&start=2026-09-10T13:30:00Z&end=2026-09-10T13:35:00Z&feed=sip&adjustment=all&limit=1000

Sep10~13:54: LOVE issuer-linked webcast200 registration shell, no transcript/audio reviewed; landing says8:15EDT vsissuer8:30call, likely roomstart but unverified, do not changecalltime. SRRK correctevents page200 confirmsSep10 9:20EDTCiti, currentlyunderUpcoming evenafterstart,notproofdelayed. OriginalAug27 says90dayreplay, contentnotyetverified. CandidateM/MCFT/CALresults routes403browserchallenges; searchdiscovery not originalcontent, no resultsclaims acted on. Earlier guessedLOVE/SRRKeventroutes404 corrected viaactualnavigation. https://viavid.webcasts.com/starthere.jsp?ei=1752939&tp_key=2a44b0615e ; https://investors.scholarrock.com/investors-media/events-presentations ; https://investors.macysinc.com/newsroom/news/news-details/2026/Macys-Inc--Reports-Strong-Second-Quarter-2026-Results-With-Continued-Growth-Across-All-Nameplates/default.aspx ; https://investor.caleres.com/news/news-details/2026/Caleres-Reports-Second-Quarter-2026-Results/default.aspx ; https://investors.mcbh.com/news/news-details/2026/MasterCraft-Boat-Holdings-Inc--Reports-Fiscal-2026-Results/default.aspx

Sep10 direct priorAugust13 archive compared with Sep10 archive. Julyheadline m/m0.0→+0.1%(+.1pp),y/y4.7→4.8%(+.1pp); Junheadline-.1unchanged,June lessfoodenergytrade+.1→+.2. Julygoods-.7→-.4%;Julytransport/warehousing-1.8→-1.1%. New August headline+.4m/m5.4y/y; core excludingF/E/trade .3m/m4.7y/y. Revisions versus dated prior release, not different-month contradiction; no causalstockforecast. https://www.bls.gov/news.release/archives/ppi_08132026.htm ; https://www.bls.gov/news.release/archives/ppi_09102026.htm

Python from saved12:45→13:45OKX coinOI:BTC28335.215→29439.974 +3.8988905%;ETH613651.653→636463.563 +3.7174038%;SOL2712042.38→2727481.03 +.5692629%. Onevenue grosscontracts, not longnetflows/globalleverage; no extreme percentile. CircleSep7issue-redeem 7d8.80-7.86=.94bn,30d36.59-34.37=2.22bn; unchangeddatedstock,notnewSep10buying. Savedquote notes1949/1950/1955chars1433/1432/1450 allnumericEND; receipt12:46:27→13:01:44→13:31:36 has~15/30min gaps. Funding1947/1957completeEND at12:45/13:45. Job181next13:45overdueat13:51query; noactual13:45quote receipt yet. Localreplacementquotes1452-ish/funding1281chars completeEND, exactquote length in readback. Daily14volume36pairs includesUSDG3/7days andstablecoins; ranking not global liquidity. https://www.okx.com/api/v5/public/open-interest ; https://www.circle.com/transparency ; crypto notes1949/1950/1955/1947/1957

Sep10 release07ET retrieved direct200:21m receipt split20m COGS,.3m inventory,.7m interest. All reported key metrics except adjustedEBITDA include refund benefit; definition excludes IEEPA refunds. FY27 sales690–710m,adjustedEBITDA31.5–35.5m; Q3sales140–150m,adjustedEBITDAloss7–10m. Prior guidance treatment still being checked before clean bridge. Q2 productmargin+250bp offset inboundtransport/tariffs160bp and outbound/warehousing130bp; excludingrefundGM56%,down40bp. Issuer management source, same source as priorrecord not independent corroboration. https://investor.lovesac.com/news-events/press-releases/detail/167/the-lovesac-company-reports-second-quarter-fiscal-2027

Sep10~13:53 retrieved delayed SIP200 after recent403; all opening bars13:30UTC. EPM open3.73,H3.76,L3.73,C3.755,V5691;13:35C3.765. LOVE open14.04,H14.88,L13.97,C14.88,V11681;13:35C14.56. TLXopen12.10,H12.10,L11.9105,C11.94,V21222. These are consolidated minute-bar opening prices, not separately verified auction prints, live quotes or fills. EPM absent13:33 bar not forward-filled; next_page_token null. Delayed bars solve frozen paper opening input only, no validated trading edge. https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=EPM,LOVE,TLX&timeframe=1Min&start=2026-09-10T13:30:00Z&end=2026-09-10T13:35:00Z&feed=sip&adjustment=all&limit=1000

Python recompute pW-(1-p)L and .25*(p-(1-p)/(W/L)). BTC N12,p41.6667%,W2.7120158%,L4.1207999%,mean-1.2737933%,rawquarterKelly-.1174213; ETH N9,p44.4444%,W2.5091341%,L5.1951198%,mean-1.7710069%,Kelly-.1764560; SOL N8,p50%,W3.8428040%,L5.3172454%,mean-.7372207%,Kelly-.0479611. All clamp0. This audits frozen reused2026holdout, not new experiment. Ownhistory onlyBTCtrade10,operatorliquidation,price return-.0809902% held47.9278min; realized setup win/loss or slippage not estimable from one discretionary exit. Noopen/pending/closing fromquery. https://runway.adityaperswal.workers.dev/data/crypto-bars ; recorded backtests2183–85 ; query_trades fund=crypto

fund=crypto research only eligible=0 observed=2026-09-10T13:52:35.448492+00:00 source=https://www.okx.com/api/v5/public/time offset_s=0.1162 uncertainty_s=0.1903 source=https://www.okx.com/api/v5/public/funding-rate ; https://www.okx.com/api/v5/public/open-interest {"s":"BTC","ts":["1789048339645","1789048356650"],"age":[17.2,0.2],"fresh":true,"funding_bp":1.0,"settled_bp":0.7581,"oi_coin":29510.278} {"s":"ETH","ts":["1789048339699","1789048356656"],"age":[17.1,0.2],"fresh":true,"funding_bp":0.2143,"settled_bp":0.3562,"oi_coin":629725.456} {"s":"SOL","ts":["1789048340652","1789048356657"],"age":[16.2,0.2],"fresh":true,"funding_bp":0.0715,"settled_bp":-0.3279,"oi_coin":2726278.38} source=https://www.circle.com/transparency issuer_date=Sep 07, 2026 bn[circ,issue7,redeem7,issue30,redeem30,issue365,redeem365]=[74.28, 8.8, 7.86, 36.59, 34.37, 333.52, 331.64] source=https://www.usdc.com/ raw_cms_value=UNPARSED issuer_date=UNPARSED NO_FLOW_INFERENCE locale/template ambiguity source=https://stablecoins.llama.fi/stablecoin/2 {"ts":1788998400,"circulating":74386006033.1783,"Ethereum":[1788998400,47146319984.45],"Solana":[1788998400,7103929420.46],"Hyperliquid L1":[1788998400,6887999675.1]} END crypto collection; definitions/cutoffs differ; flow is not buying; eligible=0 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

fund=crypto research only eligible=0 observed=2026-09-10T13:53:16.456843+00:00 src=https://runway.adityaperswal.workers.dev/data/crypto-snapshots ; https://blockstream.info/liquid/api/blocks BTC b/a=77008.18/77021.65 age=42 ok=1 depthUSD=77.7/77.0 hurdle%=0.519 ETH b/a=2428.8/2429.61 age=42 ok=1 depthUSD=241.3/81.6 hurdle%=0.535 SOL b/a=99.5/99.5635 age=53 ok=1 depthUSD=95.2/94.1 hurdle%=0.566 USDC b/a=0.9995/1.00001 age=1201 ok=0 depthUSD=9995000.0/10000100.0 hurdle%=0.553 USDG b/a=0.99999/1.00001 age=36074 ok=0 depthUSD=9999900.0/10000100.0 hurdle%=0.504 XRP b/a=1.3608/1.366 age=53 ok=1 depthUSD=5668.8/5703.3 hurdle%=0.886 UNI b/a=5.904/5.9152 age=43 ok=1 depthUSD=4152.3/4192.2 hurdle%=0.693 LTC b/a=52.0543/52.3707 age=42 ok=1 depthUSD=3539.2/3567.0 hurdle%=1.113 HYPE b/a=80.92/81.33 age=42 ok=1 depthUSD=62416.8/62611.9 hurdle%=1.011 LINK b/a=11.6656/11.69 age=59 ok=1 depthUSD=13533.8/13619.4 hurdle%=0.712 fresh_quotes 8 /10 recipient BTC 598.50044115 mempool_net 4.62e-05 tx_n 292 reserve BTC 3601.47203772 mempool_net 0.0 tx_n 590 recentpage 31 controlled 0 not_full_history=1 tip 4051325 age_s 66 t 1789048330 second {'error': 'ConnectTimeout'} operator_notes 2 operator_hash 1fa338f6b403063d815b51327749e5cafdd00164b7e7f0e4f2a7f8568410238b claim Following the recent incident affecting the Liquid Network and the movement of funds, Blockstream, a END fund=crypto panels_attempted=7/7 eligible=0; balances not sales or recovery https://runway.adityaperswal.workers.dev/data/crypto-snapshots ; https://blockstream.info/liquid/api/blocks ; https://x.com/Blockstream

Python recalculation only, notnewbacktest: p.30,W19.6007341%,L19.2995217% imply mean-7.62944496%, rawquarterKelly-.0973107043, clipped0. Holdout-63.6175%,DD67.1654%,N10; training-46.4835%. PriorCLI1939requiredtest alreadyrun; no newindependence. OwnN2wins lacklosses and cannot replace rejection. https://runway.adityaperswal.workers.dev/data/stock-bars ; frozen analyses1895/2197/2226