PQZ EQUITY RESEARCH DEC 23, 2025
⚠️ RISK WARNING: VOLATILITY CONTROL
Subject exhibits high behavioral volatility. Stability requires strict liquidity control (Hands on Neck) and regular stress testing (Spanking).
OFFSHORE
CURRENT LOCATION (SHANGHAI)
3 WEEKS
ESTIMATED LATENCY
TRANSACTION HISTORY (2023 - 2025)
JUN 26, 2023 [SEED ROUND]
The "Monitor" Deal
Asset acquired via Xiaohongshu. Price negotiation tactics observed.
DEC 02, 2025 [RE-IPO]
Holland Village Strategy Meeting
Pizza & Octopus liquidity injected. Strategic dialogue on long-term outlook.
DEC 06 & 09, 2025
Market Surveillance
Zootopia 2 (Suntec) / Nobody (Tiong Bahru). Shared cultural consumption.
DEC 13, 2025
East Coast Event
Meteor Shower: Confirmed Visibility. Asset performed well under rain & sushi conditions.
DEC 16, 2025 [MERGER EVENT]
The "Flower Dome" Spike
Location: Rooftop.
Catalysts: Candles, Music, Choking.
Result: Total Submission.
DEC 18, 2025
Thursday Liquidity Injection
Routine maintenance. High compatibility confirmed.
DEC 20, 2025
Offshore Transfer
Asset moved to Shanghai Node. "Thursday Club" temporarily suspended.
COMPETITOR ANALYSIS (SHANGHAI SECTOR)
THREAT LEVEL: NEGLIGIBLE 5% NOISE
Manager's Note on "Male Uni Students" & "Ex-Colleagues":

"Let the kids play. True value is not found in fast food, but in the one who knows exactly how to handle your neck."