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SpineAcquisition Signal Resource

The Evidence Status Standard

The Evidens standard that labels every material claim in a deal with one evidence state, so a verified number never sits in your file looking like a broker-reported one.

The evidence status letters

Every claim in this library carries one letter, from the Evidens Evidence Status Standard. The letter is the claim's status, not its strength. A letter changes only when the evidence changes.

Evidence stateMeaning
VerifiedBacked by evidence you can point to, and reviewed by a person.
Broker-reportedReported in an OM, call, model, or broker package; not independently checked yet.
Missing evidenceMaterial information has not been received or located yet.
Underwriting assumptionA stated input in the investment case; not a verified fact.
CalculatedAn output calculated from stated inputs. The calculation is only as reliable as the inputs behind it.
UnresolvedA material claim remains open because sources conflict, a review is incomplete, or the answer has not been established.

The three rules:

  1. A broker-reported claim earns nothing in the price until it becomes Verified. Missing evidence is a finding, not a zero, and not a blank.
  2. Every claim carries a source and a date. A claim with no date is a rumor, even with the right letter.
  3. The letter changes when the evidence changes. Crossing out a B and writing V without the document is fiction.

What this page is for

The Evidens standard that labels every material claim in a deal with one evidence state, so a verified number never sits in your file looking like a broker-reported one.

Where it fits

Three pages hold the whole library together. Read these before you print anything.

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Where this evidence lands

The evidence states this work feeds are defined in the ParkProof Standard. The ParkProof Walkthrough shows one fictional deal file carried through those states to a documented posture.

Related Field Notes

On a live deal, the finished sheet joins the record: claimed, proven, or still open, with the evidence attached.

Acquisition Signal Resources are educational tools, not professional advice. They organize a disciplined diligence workflow; they do not replace legal, tax, engineering, or investment review. Basis and limits: each worksheet states the Evidens diligence method and its Evidence Status Standard, not a market benchmark or a sourced rate. Any figure in a worked example is an illustration or a working assumption, labeled as such, to replace with the deal in front of you and its verified numbers. Tax, insurance, landlord-tenant, and fair-housing rules vary by state and locality; confirm the rule for the park's own jurisdiction before acting on it. Read our editorial standards.