The scanner’s week — 2026-07-13 to 07-17: a margin call in Seoul, a correction in public, and our average went negative. We’re publishing all of it.

**TL;DR:** 423 volume flags. Two additions, five passes logged before outcomes. One factual error - corrected in public within two hours, four permanent verification guards built because of it. Our tracked-calls average went from +7.7% to -0.7% in the margin-call week; 6 of 7 calls still beat their benchmark since call date. And the flush pushed 4 of our 9 tracked developers below their last institutional financing price.

**The week in one arc:** Wednesday everything sold at once - stocks, gold, silver, even oil on day five of a blockade. We refused to call it a margin-call event without data, so we published a hypothesis with a test attached. Then the data arrived: 1.2 million Korean accounts margin-called, \~$285M force-liquidated, regulator banning leveraged products. Friday, Korea's market closed for a holiday - and gold rose back above $4,000 while the Nasdaq fell 1.4%. Next Friday's CFTC report is the referee we named in advance. Either way, we publish the grade.

**The honest ledger, receipts attached:**

**- Adex (ADE.V):** passed at $0.06 on a cancelled claim. Closed the week at $0.09, 50% above our pass. The reason hasn't moved. Same font as the wins.

\- **Matachewan (MCM-A.V)**: "975x volume" was 731K shares vs a 750-share median. Check the denominator. The same artifact printed "1,285x" on another dormant shell Friday.

\- **Pacific Booker (BKM.V):** our pass cited a takeover offer as live; a reader proved it died June 5. Corrected same day - and the correction made the pass stronger. The stock gave back 13% the next day.

\- **Minco Silver (MSV.TO):** the permanent China pass did -18%/+23% in 48 hours. Casino tape. Reason unchanged.

**The mindset lesson of the week**: an institutional financing price is a price PAID, with DD, in size. Four of our nine tracked developers now trade at or below what institutions - in two cases major producers - paid weeks ago, while every project ADVANCED since. You own mine development, not a blinking chart.

Educational content, not financial advice.