Six agents.
One signature.
The system reads everything. Only survivors reach human review. Cheap research labor means more ideas killed early.
Agent activity / session replayrunning▮
UNIVERSEglobal universe refreshed · 4,280 candidates
FILINGparsing 3316.HK FY25 annual report
SKEPTICcandidate killed · customer concentration 61%
CHECKLIST82/82 questions scored · verdict: reject
ANALYSTreport signed · published free · no gates
The pipeline
Filing Agent
Output: source packExtraction Agent
Output: evidence tableSkeptic Agent
Output: kill memoValuation Agent
Output: valuation deckHuman Analyst
Output: signed decisionPrimary sources
Every number must survive a source check.
Annual reportsreadcash flow, margins, segment notes
Investor decksparsedbacklog, capex, production, guidance
Filingscheckedownership, dilution, related parties
Transcriptsindexedmanagement claims, risk language
Local languagetranslatedforeign small-cap evidence
The 82 questions
Same filter · Every company · No exceptionsICircle of competence6 questions
IIMoat and competitive advantage7 questions
IIIIndustry structure8 questions
IVEarnings quality and cash flow10 questions
VBalance sheet strength7 questions
VICapital allocation7 questions
VIIManagement and governance9 questions
VIIISpecific and tail risks7 questions
IXValuation and margin of safety7 questions
XFinal decision8 questions
XIPost-investment review6 questions
What breaks?
What is already visible?
What is not in the price?
Rejection philosophy
Rejection is not a by-product. It is the product.
+More filings read
−More ideas killed
=Fewer, better reports