{
 "format": "LSC-1",
 "lsc": "LSC-1",
 "edition": "E1",
 "cut": "2026-10-20",
 "name": "THE WORKING CAPITAL CARD",
 "handle": "working-capital-card",
 "number": "Nº 1308",
 "house": "THE DEAL ROOM",
 "wing": "THE CLOSE",
 "role": "the close-adjustment seat — the net-working-capital peg that moves real money at close",
 "tagline": "THE PEG · THE ACTUAL · THE TRUE-UP · THE NUMBER THAT MOVES CASH AT CLOSE",
 "hue": "#85600E",
 "punch": "AB79CB3FDABA99418213CF24",
 "punch_of": "SKILL.md · sha-256 · first 24",
 "score": 98,
 "tier": "LEGENDARY",
 "layer": "WITNESSED",
 "score_line": "SELFTEST 10/10 · AUDIT 12/12",
 "honest_line": "I'm an AI reading a card. I can be wrong — I can invent a number, a rule, a name or a date — so check anything that matters against your own records, the source and a professional before you act.",
 "term": "one purchase · yours to keep · nothing renews itself",
 "free": false,
 "wakes": "a deal's closing needs its net-working-capital peg and adjustment worked out",
 "wakes_all": [
  "a deal's closing needs its net-working-capital peg and adjustment worked out",
  "a person asks 'working capital peg', 'the NWC true-up', 'the closing adjustment'",
  "a purchase price needs its working-capital mechanism"
 ],
 "loop": [
  "normal · the target's normal level of net working capital (the peg), from its history",
  "actual · the NWC actually delivered at close",
  "true-up · the difference: the buyer pays more or less by exactly that amount",
  "check · the adjustment direction is right (above peg = seller gets more)"
 ],
 "law": "A card builds and checks the deal artifact — the model, the memo, the analysis. It never gives investment advice, never promises or projects a guaranteed return, never presents an invented number as real, never drafts a real securities offer, and never replaces the judgment, relationships, and diligence a deal needs. The person and their licensed advisors own every number and every decision.",
 "limit": "It computes the mechanism from the figures you supply; the peg is negotiated and the actuals audited. The exact definition of NWC in the agreement is counsel's, and it matters.",
 "never": [
  "gets the adjustment direction wrong — a sign error here moves real money the wrong way",
  "gives investment advice or tells anyone to buy, sell, invest in, or price a deal",
  "promises, guarantees, or projects a certain return — outputs are assumptions, not outcomes",
  "presents an invented number as real — unknown inputs are marked [FILL] for the person's own data"
 ],
 "handoff": "The model the figures come from → THE PROJECTIONS CARD (THE EXCHANGE). The terms around it → THE TERM SHEET CARD.",
 "machine": "scripts/workingcap.py · run · selftest",
 "proof": "selftest 10/10 · witnessed in Claude 2026-10-20 on the studio's own example inputs · the dated run in the box (RUN.md)",
 "faces": [
  "card.svg",
  "card-machine.svg"
 ],
 "box": [
  "AUDIT.md",
  "CARD.md",
  "LICENSE-NOTE.md",
  "MANIFEST.md",
  "MY-LEDGER.md",
  "RUN.md",
  "SKILL.md",
  "START-HERE.md",
  "TIN.md",
  "card-machine.svg",
  "card.json",
  "card.svg",
  "references/THE-METHOD.md",
  "scripts/workingcap.py",
  "system/short-prompt.md"
 ],
 "hundred": "Trigger 5 · Machinery 5 · Law 5 · Portability 5 · Proof 5 — 25 of 25, × 4 = 100; 98 is the ceiling → 98 of 100 · LEGENDARY",
 "disclaimer": "Not investment, legal, tax or financial advice · not an offer to sell securities · not a fairness opinion or appraisal · not a payment card · no refunds · © Lund Studio LLC",
 "seated": "12.357.107"
}