╔══════════════════════════════════════════════════════╗
  ║  SHADYTEL NETWORK  //  EARNINGS TRANSMISSION         ║
  ║  NODE: toorcamp.local       PERIOD: Q2 FY2026        ║
  ╚══════════════════════════════════════════════════════╝
ShadyFans, Inc.  ·  Form SF-10  ·  Investor Presentation
ShadyFans
// Q2 2026 Earnings & Operational Review
KLOL 95.3 FM Shadytel Network Beerocracy Partner ShadyBucks (₷) Hell Bank Accepted
TOORCAMP 2026  ·  JUNE 25–27, 2026  ·  FILED JUNE 27, 2026
AUDITED BY RACCOON & ASSOCIATES LLP · PREPARED UNDER GACAP
Overview
What Is ShadyFans?
📞
DIAL 3267
Premium metered talk-time with 6 operators on the Shadytel network. Rates from ₷4 to ₷15 per minute.
💳
ShadyBucks Hell Bank Notes
Two payment rails: electronic authorize–capture via bucks.shady.tel, and physical paper notes redeemed for 5-min passphrases.
🚽
DISTRIBUTION
Porta-John placement for organic reach around camp. Total addressable camp: ~400 hackers.
PLATFORM ECONOMICS:  30% platform fee  ·  70% operator share*  ·  no refunds, no regrets
Operator Roster
6 Lines. 2,295 Subscribers.
Handle Specialty Rate Subs Status
@regex_rex ★ regex therapy, lookahead feelings ₷15/min 847 ● LIVE
@0x_shady_lady social engineering, OSINT, secrets ₷12/min 512 ● LIVE
@k3rn3l_karen privilege escalation, complaints ₷8/min 293 ● LIVE
@malloc_molly memory leaks, therapeutic frees ₷6/min 178 ○ OFFLINE
@SIGTERM_sam process therapy, graceful exits ₷10/min 401 ● LIVE
@void_ptr_vera null dereferences, existentialism ₷4/min 64 ○ OFFLINE
TOTAL 6 operators — 2,295 4 live
Financial Highlights
The Numbers
Gross Transaction Volume
₷2,770
Total GTV for period
Net Revenue
₷831
After 70% operator share
EBITDA
₷256
30.8% margin on net revenue
Net Income
₷236
Pre-tax (see Note 7)
254 talk minutes · 90 transactions · ₷10.90 avg GTV/min · 4 operating days
Revenue Mix
How Customers Paid
ShadyBucks 66.7%
Hell Bank 33.3%
SHADYBUCKS Electronic
₷1,847.50
67 transactions · avg ₷27.57
Authorize → capture flow via
bucks.shady.tel merchant API
HELL BANK NOTES Physical
₷922.50
23 notes · avg ₷40.11 equiv.
Paper note → one-time passphrase
→ 5 min session · 7-day KV TTL
Segment Analysis
Operator GTV Breakdown
@regex_rex ★
₷1,080  39%
@SIGTERM_sam
₷630  23%
@0x_shady_lady
₷576  21%
@k3rn3l_karen
₷328  12%
@malloc_molly
₷108  4%
@void_ptr_vera
₷48  2%
Total: ₷2,770 · 254 minutes · 2 offline during period · 39% from one operator
Income Statement
From GTV to Net Income
₷2,770
Gross
Transaction
Volume
→
−₷1,939
Operator
Share
(70%)
→
₷831
Net
Revenue
(30%)
→
−₷575
Operating
Expenses
→
₷256
EBITDA
30.8%
margin
→
₷236
Net
Income
(after D&A)
GACAP BASIS · AUDITED BY RACCOON & ASSOCIATES LLP · TAX: ₷0.00 (JURISDICTION: A FIELD)
Key Metric
₷256
EBITDA
30.8% margin on net revenue
INFRA COST
₷240
Vercel + KV
RADIO SPOTS
6 stickers
KLOL 95.3 FM
BEEROCRACY
₷100
in-kind (beer)
D&A: ₷20 (1× rotary telephone + Hell Bank Note IP)  ·  Tax: ₷0.00  ·  Net Income: ₷236
Risk Factors
What Could Go Wrong
Forward-Looking Statements
Outlook & Q&A
GOING CONCERN STATUS
Cautiously Optimistic
Raccoon & Associates LLP notes substantial doubt about continuity through Q2 2027, partially offset by the existence of ToorCamp 2028.
STRATEGIC INITIATIVES
  • → Explore ₷4/min existentialism repricing
  • → @malloc_molly uptime improvement
  • → Hell Bank Note NFT roadmap (TBD)
  • → Expand to DefCon, CCC, or a parking lot
  • → FCC license (probably not)
FULL DISCLOSURE AVAILABLE AT  shadyfans.world/disclosure.html
Questions?
Dial 3267 on the Shadytel network.
OPERATOR STANDING BY. YOUR CALL IS VERY IMPORTANT TO US.
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