Block 1 — Archived Financial Source
This V.05 July 2026 response was based on BC 6.4 and is now archived. The current investor-facing financial source of truth is LOTOMIX BC 6.7 — September 2026 / Waterhouse / Investment Committee. BC 6.4 and BC 6.3 are audit trail only and must not be used for current KPIs.
Block 2 — Forecast Status
All financial projections are management forecasts and are unaudited. Forecast revenue is not contracted revenue unless expressly supported by a binding order and the applicable recognition conditions.
Block 3 — Archived Month 7
The BC 6.4 Month 7 bridge is retained only as historical context. BC 6.7 uses the updated 770-POS Phase 1 plan and does not use the old standalone Month 7 bridge as current KPI evidence.
Block 4 — Break-even
Monthly EBITDA becomes positive in Month 5 (November 2026), monthly free cash flow becomes positive in Month 8 (February 2027) and cumulative free cash flow becomes positive in Month 23 (May 2028).
Block 5 — Payroll
Payroll assumptions in this V.05 page belong to the archived July 2026 model and must be reconciled to BC 6.7 before any current investor use.
Block 6 — Transaction
The proposed financing is €3M of equity at a €12M management pre-money proposal. There is no redemption, fixed return, security package or Month 12 repayment. The €12M pre-money is a management proposal — not an independent valuation.
Block 7 — Open Completion Items
The items listed in the Open Items section remain open as conditions of confirmatory diligence and/or transaction execution. None prevent this management due-diligence response from being issued to Waterhouse VC.
This report is a confidential archived management due-diligence response prepared exclusively for Waterhouse VC in July 2026. It is superseded by LOTOMIX BC 6.7 — September 2026 / Waterhouse / Investment Committee. Do not use BC 6.4 figures for current investor KPIs. It is not an audit opinion, legal opinion, tax opinion, fairness opinion, independent valuation, investment recommendation or guarantee of future performance. Final transaction terms and legal rights are governed exclusively by the definitive executed documents.