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Tighten remaining atlas edge conclusions

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Jan Petykiewicz 2026-04-06 21:36:19 -07:00
commit f0b2426bf6
7 changed files with 57 additions and 28 deletions
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docs/atlas/company-and-ledger.md
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@ -66,7 +66,7 @@ Current bounded compatibility impact:
Highest-value open edge:
- The remaining semantic meaning of the annual finance ladders is now narrower:
- The remaining semantic meaning of the annual finance policy branches is now narrower:
stat-family `0x2329/0x1d` is now bounded as current `Book Value Per Share` in the stock-issue
denominator path, `0x2329/0x0d` is now bounded there as the current cash gate before the
bond-rate-versus-support ladder, the broader support-adjusted share-price or public-support lane
@ -79,14 +79,20 @@ Highest-value open edge:
shareholder-payout lane `0x23`,
raw slot `0x09` aligns with the Income Statement fuel-cost lane surfaced by tooltip `1309`, and
derived slot `0x2b` now reads as the rolling net-profits lane. The main remaining gap is the
lower policy interpretation of how those lanes are blended inside the annual bankruptcy,
dividend, and city-connection ladders. The current strongest read is:
bankruptcy = sustained revenue-band-selected cash-and-debt stress plus repeated net-profit
failures and fuel burden, with one later deep-distress fallback when cash is below `-300000`
and the first three recent profit years all sit at or below `-20000`; stock issuance = a
valuation-versus-borrowing screen over
support-adjusted price-to-book against the highest live coupon band; dividend adjustment = a
weighted recent-profit-per-share target with a small-unassigned-share cash supplement before the
board ceiling clamp. The debt-news tail is also now explicit: it compares total retired versus
newly issued principal to pick `2882..2886`, and the stock-buyback tail separately publishes
`2887` from the accumulated repurchased-share count.
exact weight schedule and gate ordering used inside the already-bounded annual bankruptcy,
debt, repurchase, stock-issue, and dividend branches. The current strongest read is now:
bankruptcy = first the year, toggle, and cooldown gates, then the three-year scan, then the
revenue-band-selected cash-and-debt ladder, then the support-adjusted share-price threshold,
then the fuel-cost lane and net-profit accumulator; the later deep-distress fallback then
re-checks cash below `-300000` plus the first three recent profit years at or below `-20000`.
Stock issuance = first the bond/stock toggle gates, then the outstanding-share tranche sizing,
then the `55000` proceeds cap, then the support-adjusted price-to-book screen against the
highest live coupon band. Dividend adjustment = first the toggle and age gates, then the
weighted recent-profit-per-share target, then the small-unassigned-share cash supplement, then
the board ceiling clamp. The remaining gap is now mostly the near-cutoff ordering inside the
stock-issue lane, and the current strongest read places the liquidity gate at `0x2329/0x0d`
before the valuation gate at `0x2329/0x1d`. The dividend-ceiling clamp is already separately
bounded on the dividend branch. That is now a final precedence question, not a missing
ownership gap in the annual finance verbs themselves. The debt-news tail is also now explicit:
it compares total retired versus newly issued principal to pick `2882..2886`, and the
stock-buyback tail separately publishes `2887` from the accumulated repurchased-share count.