What the desk said, when it said it, and what happened. Append-only, dated, checkable. The mirror of the falsifier ledger.
3 entries · append-only
An EDGAR line-item re-verification (Amazon → OpenAI: $15B funded + a $35B commitment letter, accession on file) widened the outside-funded-cash denominator. Restated 26× → ~15.4×; the 26× is superseded and blocked at build time by the I4 out-of-band assert.
Amazon in fact shortened useful life 6→5 years (~$1.4B added cost) — against the hyperscaler trend. Corrected: Amazon is the canary, not a culprit.
Watching Q3–Q4 maturities; unresolved. Logged in advance so the call is checkable against what happens.