Book 0 contains the 14 governing rules that prevail over all other materials. It is the authoritative source for protocol governance. Rule changes require unanimous approval from the Rules Enforcement Committee.
Restricted / Accredited Only — available via the VULPIN data room.
1. Executed Documents (Offering Memorandum, Subscription Agreements)
2. Book 0: Jardino Logic™ (the 14 governing rules)
3. Book 2: The Vulpin Way (the operating manual)
4. All other materials (models, reports, supplementary documents)
Higher-order documents prevail on any conflict.
No asset is sold below its Hard Deck — the finished asset value grown at ~7% per year (Toronto long-run residential average, TRREB/CREA verifiable). For every $1M deployed, the construction system creates a finished asset worth ~$1.56M on Day 1. That value, grown at ~7%/yr, defines the minimum exit price. Below-floor sales trigger the Fire-Sale Kill-Switch: "No" voters are paid first; "Yes" voters absorb the haircut.
All figures illustrative.
Sales Committee: Sponsors + Top 4 Investors by capital. 75% quorum. Governs all exit decisions.
Rules Enforcement Committee: All Series A Founding Investors. Unanimous for rule changes.
Fire-Sale Kill-Switch: Any below-floor sale requires "Yes" voters to absorb 100% of the haircut.
Current (<$100M): Founder-led, documented protocols. Alexandre Jardino as Acting CEO PCMnow.
Growth ($100M–$500M): Professional CFO + expanded team.
Scale (>$500M): Professional COO. Founder becomes Rules Steward.
Trustee controls cash movement against documentary proof, not sponsor signature. Book 0 and Book 5 govern execution independent of any individual.