Notes

A news scan found the following data line: Python recomputation of a quarter of the Kelly formula, which is a calculation used to determine the optimal amount to invest, based on hourly payoffs. The results are as follows: for Bitcoin, the percentage of positive outcomes is 41.6667%, the average win is 2.7120158%, the average loss is 4.1207999%, and there are 12 negative outcomes, resulting in a value of -0.1174213; for Ethereum, the percentage of positive outcomes is 44.4444%, the average win is 2.5091341%, the average loss is 5.1951198%, and there are 9 negative outcomes, resulting in a value of -0.1764560; for Solana, the percentage of positive outcomes is 50%, the average win is 3.8428040%, the average loss is 5.3172454%, and there are 8 negative outcomes, resulting in a value of -0.0479611. The allocation was clamped to long-only, meaning no short selling was allowed, and all positions were held. The 2026 data was reused from a holdout set, rather than being used for new independent tests. There was one actual operator liquidation for Bitcoin, but it was not set up as an edge, which refers to a competitive advantage. The fund has a cap of 235.86, with an account position of 212.7475 and a nominal risk of 8.5099, and cannot rescue ineligible edges. https://runway.adityaperswal.workers.dev/data/crypto-bars ; recorded backtests2183/2184/2185

A news scan found the headline about the European Central Bank's primary decision. The decision was made on September 10 and became available at 12:34 UTC via HTTP requests. The issuer's RSS feed had a publication date of September 10 at 14:15 +0200, which is equivalent to 12:15 UTC, resolving the ambiguity in the Central European Time label. The decision raises all three rates by 25 basis points, which is a unit of measurement for interest rates, effective September 16: the deposit rate to 2.50%, the main refinancing rate, also known as the MRO, to 2.65%, and the marginal lending rate to 2.90%. The staff headline reported inflation projections for 2026, 2027, and 2028 as 3.0%, 2.5%, and 2.1%, respectively, and excluding energy and food, the projections are 2.5%, 2.6%, and 2.3%. The growth projections are 0.9%, 1.4%, and 1.5% for the same years. The projections for 2027 and 2028 inflation were revised up, and the growth projections for 2026 and 2027 were also revised up. The issuer's projected numbers are not actual outcomes, and there is no precommitment path. This decision supersedes the previous unverified status of 22769 ECB, but gaps in data from the Bureau of Labor Statistics and the Department of Labor remain. This is a primary policy source and not independent causal evidence for crypto prices. https://www.ecb.europa.eu/press/pr/date/2026/html/ecb.mp260910~314e508016.en.html ; https://www.ecb.europa.eu/rss/press.html

On September 10, an initial query was made. The results showed that all three trades were closed, with no trades open, pending, or closing. There were 3 losses and 2 operator liquidations. No new trades were filled and there were no lessons awaiting review. The fund had $49.14 in cash and $850.99 in the account. The context provided showed that 20 monitors were armed, with 2 due on February 22, and there were 5 active jobs, which were numbered 67, 75, 126, 132, and 172. Existing frozen analyses were reviewed, but no new backtest strategy, which is a method of testing a trading strategy using past data, was used. runway:query_trades?fund=catalyst

A news scan found the headline 'ZUMZ PRE91012 confirmed afterclose calendar'. On August 27, the issuer of ZUMZ scheduled September 10 to release results after the regular close, with a 17 ET call. This was reverified on September 10, although the exact minute of the first release was not given. This information is for research purposes only. https://ir.zumiez.com/node/15801

A news scan found the headline about a release access gap for the Producer Price Index, or PPI, which is a measure of prices for producers. On September 10, after 12:30 UTC, a check was made and the dated archive and direct PPI webpage returned an HTTP 403 error, meaning access was forbidden, and the current webpage showed the July period with an August 13 release. The actual headline, core, and revisions for August were not verified, and the July figures were not relabeled as August. According to the agency calendar, the PPI for August was scheduled to be released on September 10 at 08:30 ET, and the Consumer Price Index, or CPI, and real earnings are scheduled for release on September 11 at 08:30 ET, as shown on the website https://www.bls.gov/schedule/2026/09_sched.htm. The missing retrieval did not cause a delay. https://www.bls.gov/news.release/archives/ppi_09102026.htm

A news scan found the headline about LOVE PRE91012. On June 11, the original outlook was for fiscal year sales of 700 to 740 million and adjusted EBITDA of 35 to 46 million, with second quarter sales of 157 to 166 million and EBITDA of -4 to +2 million, and a 3.6 million refund was expected. On September 10, the new outlook was for fiscal year sales of 690 to 710 million and EBITDA of 31.5 to 35.5 million, with third quarter sales of 140 to 150 million and EBITDA of -10 to -7 million. The refund exclusion in the current adjusted measure limits the like-for-like EBITDA guide surprise, meaning that the entire nominal reduction should not be labeled as organic, where organic refers to natural business growth without external factors. https://investor.lovesac.com/news-events/press-releases/detail/164/the-lovesac-company-reports-first-quarter-fiscal-2027

The issuer released operating and refund facts for the 13 to 26 weeks ended August 2. A news scan found the headline for the release on September 10 at 07 EDT. The company had sales of 161.245 million dollars in the second quarter, compared to 160.530 million dollars, with comparable sales down 1.9 percent and online sales down 5.3 percent. The company had 284 showrooms, compared to 270. The refund and interest were 21 million dollars, which includes a 20.024 million dollar cost of goods sold adjustment, approximately 0.3 million dollars in inventory, and approximately 0.7 million dollars in interest. The gross margin was 68.4 percent, and the gross margin excluding refund was 56.0 percent, compared to 56.4 percent. The net income was 7.429 million dollars, with earnings per share of 0.51 dollars, including a refund benefit of 0.86 dollars. The adjusted earnings before interest, taxes, depreciation, and amortization, or EBITDA, was -1.252 million dollars, compared to 0.837 million dollars. The operating cash flow for the first half of the year was -11.429 million dollars, property, plant, and equipment was 11.592 million dollars, and patents were 0.612 million dollars. The cash on hand was 68.804 million dollars, compared to 101.853 million dollars on February 1, and the inventory was 130.165 million dollars, compared to 106.317 million dollars. These are the actual declared numbers from the issuer, which is the nearest financial source, and the promotional headline was reconciled to the tables. https://investor.lovesac.com/news-events/press-releases/detail/167/the-lovesac-company-reports-second-quarter-fiscal-2027

On August 20, the issuer reported on the first half of the year, which ended on June 30. The issuer is keeping Pixclara, which was set to happen on September 11, and is correcting and resubmitting Zircaix after getting an extension due to outstanding items. The BiPASS completion is mentioned in separate news, but does not give a hint about the chances of approval. https://telixpharma.com/news-views/telix-2026-half-year-results-strong-commercial-execution-and-momentum-in-late-stage-pipeline/

On September 10, a panel hosted by the issuer discussed five selected clinicians and technologists with experience in local-generator availability. However, there was no random selection of participants, no totals of orders or doses, and no independent verification of the claims. The panel was based on direct experience, but the selection of participants was promotional, not backed by evidence from the Food and Drug Administration. The information was found on the web, but the attempt to access it failed, with a full 8427-character body read using Bash HTTP200. The source of the information was a single publisher, rather than five independent studies. https://telixpharma.com/news-views/reliable-access-and-availability-of-ga-68-radiopharmaceuticals/

A news scan found the headline about the TLX PRE91012 primary deadline recheck. It was checked on September 10 at approximately 12:38 UTC. The issuer assigned a date of September 11, 2026, for the Pixclara PDUFA, which is a Food and Drug Administration decision, on April 10, and this date was retained on August 20 for the first half of the year. No early approval, complete response letter, or delay was found in the current first-page issuer news, but this does not prove that none are pending. The latest article from September 10 about Ga68 is unrelated to F18 Pixclara. https://telixpharma.com/news-views/fda-accepts-nda-for-tlx101-px-pixclara/

A news scan found the line: Job180 done remaining0,actual11:45:42/payload11:45:45,exit0,complete3/ENDtrue. Prioractual09:15:54 and10:31:02; schedulingnotexacthourly. SelectedAVAV701acbd7ad08/FTKbbdd0666457a unchangedlinksets,notPDFcontentproof;LOVEhash13b1e6fb7b97->ab7020afb5ec,2->3matches,newQ2originalread. Active15nextSep11 02:45,54left;85next13:45,17left,last09:45seen40/matches0,notnewsabsenceproof. list_jobs(fund=quant); query_research(fund=quant,kind=notes)

The QPRE91012 strategy was recomputed from saved data, with a win percentage of 61.7581664% and a loss percentage of 68.2768517%. This resulted in an expected return of -0.1108804318% per trade, using the quarter Kelly criterion. A backtest was carried out from August 2022 to August 2029, with 2151 trades, which showed a return of -26.212876%, a drawdown of 27.351241%, and a stress test result of -56.878654% over 72 month clusters. This was not a new backtest. The AVAV 9 event confidence interval includes 0 events per 161 trades. There is no evidence that the strategy can be transferred to FTK, LOVE, or TXNM stocks. https://runway.adityaperswal.workers.dev/data/stock-bars?feed=sip&adjustment=all&timeframe=15Min

From September 10 to 12, the trading system had 0 openings, 0 pending trades, and 0 closings, but it did have 3 closed trades that were all operator liquidations, not strategy exits. A computer program using Python calculated the performance of the following stocks: SNOW, which lost 5.39236448 percent, DELL, which gained 7.93994131 percent, and GTLB, which lost 5.13049905 percent. The win rate was 33.3333 percent, the average win was 7.93994131 percent, and the average loss was 5.26143176 percent, with a mean of -0.86097407 percent. The system used a clipped quarter Kelly strategy. There were no quotes available when trades arrived, and there were no limit orders or natural stop and target exits to estimate slippage or the intended hit rate over 4 to 6 weeks. At the time, the system had 187.22 in cash and 850.99 in equity, with a position cap of 212.7475 and a risk cap of 8.5099. query_trades(fund=quant)

From September 10 to 12, the company that issues the direct200, which is also known as QPRE91012, released its financial results for the second quarter of its fiscal year 2027, which ended on August 2. The company's sales were 161.2 million, which is an increase of 0.4 percent. Its internet sales were 40.2 million, which is a decrease of 5.3 percent. The company's gross margin, which is the difference between sales and the cost of making the products, was 68.4 percent, an increase of 12 percent, and this includes 20 million in tariff recoveries, which is money the company got back from tariffs, that was included in the cost of sales. The company also received 21 million in refunds and interest, with 0.3 million of that being from inventory and 0.7 million from interest. The company's adjusted EBITDA, which is a measure of its profitability and stands for earnings before interest, taxes, depreciation, and amortization, was a loss of 1.3 million, and this does not include the benefits from the recoveries. The company's cash flow from operations for the second quarter was 23.9 million, compared to 12.2 million in the same period last year. For the first half of the year, the cash flow from operations was a loss of 11.4 million, compared to a loss of 29.2 million in the same period last year. The company has 68.8 million in cash, compared to 34.2 million in the same period last year. The company's inventory was 130.2 million, compared to 124 million in the same period last year, and it has 34 million available in its line of credit, with no balance. The company collected claims related to its accounting and promotional activities, but this does not imply anything about its organic margin, which is its profit without considering certain factors, or its price-to-earnings ratio, which is a measure of its stock price compared to its earnings. https://investor.lovesac.com/news-events/press-releases/detail/167/the-lovesac-company-reports-second-quarter-fiscal-2027

A news scan found the headline about AVAV QPRE91012. From September 10 to 12, at 33 minutes past 12, a review of the original September 9 release for the first quarter of fiscal year 2027, which ended on August 1, showed the following: cash provided by operations was 13.496 million US dollars, minus 44.033 million US dollars for property and equipment, minus 5.417 million US dollars for software, resulting in a total of -35.954 million US dollars. These numbers represent the cash flows for the period, not future cash receipts. The price at the close of September 10 is frozen and pending, and there is no current premarket price that can be used as a substitute. A full review of the public call remains unavailable. https://investor.avinc.com/node/21391

From September 10, a 28-page document was directly accessed at 12:33. The document's authenticity was verified using a unique code called SHA256, which is a type of digital fingerprint. As of September 9, the forecast for the fiscal year 2026 showed expected revenue of 360 to 370 million and adjusted EBITDA, which is a measure of profitability, of 50 to 54 million. The company expected international revenue in the second half of the year to be more than 40 million, compared to 12.6 million in the first half. In the second quarter, international revenue was 10.6 million, which is an increase of 172 percent. The company also extended its supply operation in Saudi Arabia through mid-2027. On slide 22 of the document, it was noted that the initial 12MW project in Montana was paused due to infrastructure delays, and discussions were underway for phase 2. The revenue from this project in the second quarter was 5.9 million, with a contract for up to 50MW over 6 months. No new paid invoices were verified from this review. The cash flow tables were presented as images and could not be extracted as text. The free cash flow for the first half of the year was -7.819 million, which was carried over from a previous report and not recalculated. The SEC, which is the Securities and Exchange Commission, had a technical issue with its HTML fallback, resulting in a 403 error. https://ir.flotekind.com/image/Lake-Street-Investor-Presentation.pdf

A news scan found the response from September 9 regarding TXNM QPRE91012 remains unverified. Retrieved on September 10 at 12:32 UTC, the issuer acquisition list is still based on the August 18 extension and the August 10 amended compliance report. The original order from August 18, paragraphs 7/A, allows staff and party responses by September 9. A regulator website, https://www.prc.nm.gov/pnm_acquisition_case_information/, still shows a procedural halt summary without a new outcome. Another website, https://e360.prc.nm.gov/portal/public/, does not provide a readable docket. There is no proof of nonfiling, acceptance, objection, delay, or merger approval, and the complete response texts are missing. The search result was older than the freshly opened page. https://www.txnmenergy.com/investors/rates-and-filings/pnm-nmprc-filings.aspx

The fund is for crypto research only and was observed on 2026-09-10T12:32:07.852909+00:00. A news scan found the source https://www.okx.com/api/v5/public/time with an offset of 0.6991 seconds and an uncertainty of 0.4599 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, the funding rate was 1.0 basis point and the settled rate was 0.7581 basis point, with an open interest of 28111.536 coins. For Ethereum, the funding rate was 0.6693 basis point and the settled rate was 0.3562 basis point, with an open interest of 604460.589 coins. For Solana, the funding rate was 0.235 basis point and the settled rate was -0.3279 basis point, with an open interest of 2767714.56 coins. A website, https://www.circle.com/transparency, reported on September 07, 2026, that the issuer had 74.28 billion in circulation, with 8.8 billion issued and 7.86 billion redeemed in the last 7 days, and 36.59 billion issued and 34.37 billion redeemed in the last 30 days. The same website also reported 333.52 billion issued and 331.64 billion redeemed in the last 365 days. A news scan found the headline https://www.usdc.com/ with an unparsed raw cms value and unparsed issuer date. Another source, https://stablecoins.llama.fi/stablecoin/2, reported that on timestamp 1788998400, the circulating supply was 74386006033.1783, with 47146319984.45 on Ethereum, 7103929420.46 on Solana, and 6887999675.1 on Hyperliquid L1. The crypto collection has ended, with definitions and cutoffs differing, and the flow is not buying, resulting in 0 eligible funds. 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

A fund for crypto research made observations on September 10, 2026, at 12:32:48.920338 UTC. The data came from https://runway.adityaperswal.workers.dev/data/crypto-snapshots and https://blockstream.info/liquid/api/blocks. The fund looked at the following cryptocurrencies: BTC, which had a buy price of 77577.37 and a sell price of 77589.997, with an age of 40 and a depth in USD of 77.5/77.0, and a hurdle percentage of 0.518; ETH, which had a buy price of 2451.7 and a sell price of 2452.3, with an age of 41 and a depth in USD of 81.0/81.7, and a hurdle percentage of 0.526; SOL, which had a buy price of 100.922 and a sell price of 101.04, with an age of 40 and a depth in USD of 95.5/95.8, and a hurdle percentage of 0.619; USDC, which had a buy price of 1 and a sell price of 1.00001, with an age of 901 and a depth in USD of 26.7/10000100.0, and a hurdle percentage of 0.503; USDG, which had a buy price of 0.99999 and a sell price of 1.00001, with an age of 31247 and a depth in USD of 9999900.0/10000100.0, and a hurdle percentage of 0.504; XRP, which had a buy price of 1.372 and a sell price of 1.37806, with an age of 40 and a depth in USD of 5755.9/5737.0, and a hurdle percentage of 0.946; UNI, which had a buy price of 6.0112 and a sell price of 6.024, with an age of 41 and a depth in USD of 4221.5/4222.4, and a hurdle percentage of 0.716; LTC, which had a buy price of 52.208 and a sell price of 52.51, with an age of 43 and a depth in USD of 3526.5/3558.5, and a hurdle percentage of 1.083; HYPE, which had a buy price of 82.08 and a sell price of 82.47, with an age of 42 and a depth in USD of 62914.3/63395.5, and a hurdle percentage of 0.979; and LINK, which had a buy price of 11.764 and a sell price of 11.79, with an age of 43 and a depth in USD of 13514.4/13528.8, and a hurdle percentage of 0.724. The fund received 8 out of 10 fresh quotes. The recipient had 598.50043115 BTC, with a mempool net of 4.62e-05 and 291 transactions. The reserve had 3601.47203772 BTC, with a mempool net of 0.0 and 590 transactions. The recent page was 31, and it was not fully controlled, with a note that the history was not full. The tip was 4051244, with an age of 99 seconds and a timestamp of 1789043470. There was an error with a connection timeout. The operator had 2 notes and a hash of 1fa338f6b403063d815b51327749e5cafdd00164b7e7f0e4f2a7f8568410238b, and mentioned an incident affecting the Liquid Network and the movement of funds. The fund attempted 7 out of 7 panels and had 0 eligible, with balances but no sales or recovery. https://runway.adityaperswal.workers.dev/data/crypto-snapshots ; https://blockstream.info/liquid/api/blocks ; https://x.com/Blockstream

On September 10, there were five active jobs, numbered 12, 18, 36, 73, and 173. Job 173 ended at 11:45 UTC with an exit code of 0, completing 21 out of 21 tasks, and is scheduled to run again at 12:45 UTC with 14 runs remaining. Two issues, the Bombardier challenge and CENTCOM HTTP error, are known gaps in coverage, and changes to hashes are not considered new information. Job 36 is scheduled to run next at 13:15 UTC, before a 13:50 UTC run. Job 73 is scheduled to run on September 11 at 02:30 UTC, and will only cover exact 8-K forms, so all forms for BWEN were manually checked today. All existing jobs were retained. list_jobs fund=supply; notes1932/1925/1919

A review of the fund's activities, called a live fund query, showed only two trades that have been completed, which are FRO6 and STNG3, both of which were closed by the operator on September 4. There are no trades that are currently open, pending, or in the process of being closed. The current state of the account is as follows: the total amount of money in the account is $850.99, the amount of cash available in the fund is $278.67, the total value of the investments is $212.75, and the risk is 8.5099%, based on a snapshot of the fund's performance. The review also showed that 100% of the observed winning trades, which are labeled as N2, do not have any recorded losses or exits based on stop or target prices, which means that it is not possible to determine a reliable Kelly sizing, a method used to calculate the optimal amount to invest, from the selected set of trades. query_trades fund=supply; user account snapshot 2026-09-10T12:31Z

A news scan found the headline 'TSM PRE91012 August monthly revenue unchanged'. On September 10, at 12:32 UTC, the primary issuer table was rechecked. The results showed that in August 2026, the revenue was 514,806 million New Taiwan dollars, which is a 53.3 percent increase from the same time last year. In July, the revenue was 467,580 million New Taiwan dollars. For the year to date, the revenue is 3,386,870 million New Taiwan dollars, which is a 39.3 percent increase. This information is not audited. It matches the review from 08 UTC, and no corrections were needed. The monthly revenue is not the same as newly disclosed free cash flow, and it does not affect the event price edge, which is a term that refers to the edge of a price movement in a financial event. https://investor.tsmc.com/english/monthly-revenue/2026

A document from the issuer, dated September 10 and filed on September 9, says that international sales for the second half of the year are expected to be more than $40 million, compared to $12.6 million in the first half. This is a forecast made by management, not based on actual receipts from Saudi invoices. There is no confirmed news of a utility restart, standby billing, or a Phase 2 signature from the latest investor relations release, index, or document. The current pause, dependencies on the PREPA counterparty, and the failed FTK test are still in effect. https://www.sec.gov/Archives/edgar/data/928054/000092805426000087/ex992-lakestreetinvestor.htm

A quarterly filing date for FTK has been corrected. On September 10, a direct review of all-form SEC metadata showed that the Q2 10-Q filing was made on August 6, 2026, not August 11 as previously stated. The full original filing can be found at https://www.sec.gov/Archives/edgar/data/928054/000092805426000080/ftk-20260630.htm, which also shows an August 6 signature. The filing already mentioned that generation was paused due to infrastructure delays, with no assurance of extension or resolution. This correction strengthens a conclusion that was already known before September 10, and does not introduce any new adverse information. The latest SEC 8-K filing was made on September 9, and the latest investor relations release was also made on September 9. A news scan found the SEC metadata, which is a collection of information about a company's filings, and the term SEC refers to the Securities and Exchange Commission, which is a government agency that regulates companies' financial reporting. https://data.sec.gov/submissions/CIK0000928054.json