Stephano, thank you for the kind words. As our database has been growing over the past year, we were anxiously waiting until it reached sufficient scale to justify this latest research. Hopefully it gains the attraction it deserves.

Regarding how our Hercules System works, we do not provide much detail given the highly proprietary nature of the technology. However, I can share that it is NOT regression based. That is a non-starter on many levels. We instead use Machine Learning-based technology. Also, the public data that would normally be used to support such an effort ranges in quality from highly accurate to quite weak. We therefore emphasize the most accurate and reliable data for our efforts (e.g., NAVs), and have built out a significant amount of QA/Cleanup stages to ensure that weaker quality data (e.g., EDGAR filings) are not compromising the overall accuracy.

Alexey