14 October 2026. Corrects the earlier "security scanner" category framing. Two labelled figures, never merged.
| Basis | Figure | Measures |
|---|---|---|
| IP register scenario (v55, 168 families) | $6.34M - $28.90M (base ~$16.34M) | bottom-up worth of the built catalogue; not what a buyer pays |
| Fair market value today | ~$0.47M ($0.26M-$1.0M) | arm's-length price for the asset as it stands |
The owner's $10M-$30M is the IP register band and the Stage-3 target, not today's fair market value.
Files: REAPPRAISAL.md · REAPPRAISAL.json · MANIFEST.json