The Buried
Footnote Forensic Linguistics Analysis
on Corporate Disclosure Documents
Year-over-Year Drift SU
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Certainty language minus hedging language in Risk Factors. Positive = assertive, negative = hedging-heavy.

Not enough filings yet to chart a trajectory. The EKG fills in as more filings are ingested for this issuer.

Risk-factor drift item_1a vs prior same-form filing, cosine similarity

  • 40-F 2026-02-26 vs 2025-02-27 78.8% noticeable change
  • 40-F 2025-02-27 vs 2024-03-22 97.2% boilerplate
  • 40-F 2024-03-22 vs 2023-03-07 97.6% boilerplate
  • 40-F 2023-03-07 vs 2022-02-25 98.6% boilerplate

Filing-timing anomalies filing lag vs the issuer's historical cadence

  • 40-F 2024-03-22 filed 82d after period end vs a 61.0d average (2 prior filings) +21.0d

Balance-sheet language forensic risk vocabulary shifting in MD&A / financials vs prior year

  • Receivables risk language
    density 0.0→0.73 / 10k chars (0→14 mentions) · new: credit loss, expected credit loss
  • Impairment risk language + numbers
    density 0.25→4.96 / 10k chars (11→95 mentions) · new: indicators of impairment, fair value less costs
  • Inventory risk language
    density 0.0→0.16 / 10k chars (0→3 mentions) · new: net realizable value, lower of cost