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pdftitle={Equity Value, Issuance, and Investment: Thirteen Identities and Unstable Evidence},pdfauthor={Arhan Canli}}
\title{Equity Value, Issuance, and Investment: Thirteen Identities and Unstable Evidence}
\author{Arhan Canli\\Canli Capital / AlphaC Algorithms}
\date{23 August 2026\\Working paper preprint; not peer reviewed}
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\noindent\fbox{\parbox{0.94\linewidth}{Research simulation and, where explicitly identified,
Alpaca paper evidence. No funded performance, peer review, independent replication, external
acceptance, or future return is claimed.}}
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