PROJECT KIKU -- TOKYO SITE VISIT NOTES
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 Class: RESTRICTED - COMMERCIAL
 Attendees: Research Leadership; Corporate Development

 HOST SCIENTIFIC TEAM
   Dr. Y. Okido .......... Founder / scientific adviser
   Dr. Utsugi ............ Process biology
   Dr. Odamaki ........... Comparative assay design
   Dr. Nanakamado ........ Stability and storage
   Dr. Araragi ........... Regulatory liaison

 The host team were technically strong, careful with claims, and
 notably conservative in what they would commit to without data.
 The facility was compact, well-kept, and run to a standard above
 what we normally see at this valuation.

 DISCUSSION
 The supplier describes a non-human source route yielding a
 purified adrenochrome product with low batch contamination and
 stable colourimetric profile after cold-chain transit. They did
 not disclose process steps in the room; a technical annex is
 available under NDA for named reviewers only.

 IMPRESSION
 Serious people. Not a broker story. Recommend receipt of sample
 lots under chain of custody and blind testing against our internal
 reference panel.

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