At Neudata’s recent live mock audit with Adam Storch of the SEC, Adam suggested that while he could not provide conclusive answers to many of the compliance concerns that buyers share, his body language, tone, and other physical signals would provide insight into his views. So, we’ve listened to Adam and studied the footage of the event to come up with the following analysis of those signals. This analysis is highly speculative and reflects our impressions rather than any advice with respect to particular facts or circumstances. References to Adam (or “the examiner”) in this report are made with respect to his character during the mock audit – not the views of the SEC.