R6-03 Outcomes and liquidity

Supports slides 36 and 37.

Three ways this can end well, and how an investor would get paid in each.

Outcome	What happens	How the money comes back
Acquisition	A GRC platform buys the crosswalk and the team.	Sale proceeds. The likely buyers are already on the partner bench: Strike Graph is a GRC platform with 357 organisations, and our content goes into its product from November.
Licensing	Crosswalk and content licensed to platforms and publishers.	Revenue share or royalty. The company stays independent and pays dividends. This is a business future with a return path, not an exit.
Independent	MoxyWolf stays inside a studio. STIGViewer earns, positions sit at Vertex, new bets are funded from cash flow.	Dividends, a secondary sale or a buyback.

Liquidity today

• Cash on hand about $140K (16 Oct 2026). That covers 10 to 13 months of expenses: $140K ÷ $13.4K (six-month average) ≈ 10.4 months; $140K ÷ $10.4K (Aug to Sep run-rate) ≈ 13.5 months. It’s preliminary until it’s reconciled to bank cash.
• The Vertex positions aren’t liquid and don’t fund operations. None is assumed in the funding plan unless the parent distributes.
• No raise is planned. See R6-04.

Sources:

• Outcomes: slide 36; Strike Graph 357 organisations from the Capstone Deck v1.2 Build Note.
• Cash and expenses: Dorian, 16 Oct 2026; QuickBooks P&L Apr to Sep 2026 (Capstone Facts Reconciled).
• Positions held by Vertex Holdings: ownership structure, Dorian, 17 Oct 2026 (Capstone Facts Reconciled).