Manhattan Crypto Capital has published MCC Quantitative Research MCC-2026-FWDI-001 on Forward Industries (FWDI), the largest publicly traded Solana treasury company, whose equity trades at a steep discount to its own treasury value. The research lays out a three tier staged accumulation structure, a single exit target, and the full quantitative risk framework behind it. Committee vote pending.

MCC-IT-001. The gap between a balance sheet struck in June and a token that has risen 58% since, with the falsification list, the ATR test that breaks the desk's own structure, and four verification gates still open.