Hard quantitative screen (live EV ≤ A$1M, no lower bound) across the active 5B universe regardless of project stage. Subagent runs a rejection funnel across 8 explain categories (legal, debt, operational, regulatory, dilution, escrow, neglect, governance). Picks must show positive latent-value evidence — clean-but-quiet is not enough.
No completed runs yet — the first run lands soon.