# Amacorp Private-Market Data Policy

Last updated: 2026-06-16

This file defines how Amacorp should handle private-market price and valuation data. It is not a quote sheet, trade blotter, brokerage feed, offer, allocation, recommendation, or issuer-affiliated workflow.

## Current Status

The live site does not publish executable private-share prices. It does not create orders, accept funds, or display stock balances.

The site can collect:

- Company interest.
- Account intent.
- Indicative deposit intent.
- Purchase-review intent.
- Preferred future rail.

The site should not collect:

- Binding order instructions.
- Payment details.
- Brokerage account data.
- Wallet addresses.
- KYC documents.
- Signed purchase documents.

## Price Data Rules

Private-company price data must be labeled by source type:

- `official_round`: company-announced financing valuation.
- `reported_tender`: reported employee or insider tender offer.
- `secondary_indication`: non-executable secondary-market indication.
- `broker_quote`: quote from an approved partner only, not public.
- `admin_research`: internal research note requiring verification.

Every market data entry should include:

- Company.
- Source type.
- Source URL.
- Source date.
- Valuation or price, if available.
- Whether the value is executable.
- Whether issuer or transfer approval may be required.
- Whether the data can be shown publicly.

## Public Display Rule

Public pages may discuss reported private-market performance at a high level, but must not present a number as a guaranteed executable price.

Use:

- Reported valuation.
- Reported tender offer.
- Secondary-market indication.
- Private-market interest.
- Not a public quote.
- Not guaranteed executable.

Do not use:

- Buy now at this price.
- Live share price.
- Guaranteed allocation.
- SpaceX shares available to everyone.
- Deposit to buy shares.

## Admin Snapshot Template

Use this structure when a reviewer adds market research:

```json
{
  "company": "SpaceX",
  "source_type": "reported_tender",
  "source_url": "https://example.com/source",
  "source_date": "YYYY-MM-DD",
  "reported_valuation": "",
  "reported_share_price": "",
  "executable": false,
  "public_display_allowed": false,
  "notes": "Verify with approved partner before any follow-up."
}
```

## Sources To Prefer

1. Official company announcements.
2. SEC or regulator materials.
3. Recognized financial press with clear sourcing.
4. Approved partner feeds or documents.
5. Secondary platforms only when clearly labeled as indications.

## Current Research Needs

- SpaceX: verify any tender, secondary, or public-market claim before using it in follow-up.
- OpenAI: verify any tender or secondary indication before using it in follow-up.
- Anthropic: prefer official company funding announcements when available.
- Neuralink: verify funding and valuation claims against reliable financial press or company materials.

## Checkout Dependency

Market data does not make checkout safe. Checkout remains disabled until provider approval, partner approval, counsel-approved wording, and reconciliation controls exist.