AEHR

Event classification tree

1. 1
   Is the token contract canonical RHJ?

   yesCanonical RHJ Stock Token

   Contract matches the RHJ registry. Economic exposure only — not shareholder rights. AP-only primary (BBVI at issuance).

2. 2
   Did effective Stock Token supply increase?

   yesPossible new collateral demand

   Effective Stock Token supply rose. Strongest mechanical cash bridge is Δ underlying collateral ≈ Δ effective supply — a secondary DEX buy does not automatically buy cash shares.

3. 3
   Did perp OI increase materially?

   yesMaterial OI add

   Open interest rose enough to matter. Long+short still nets to zero contract supply — cash impact only if someone hedges externally.

4. 4
   Is funding extreme or persistent?

   yesFunding extreme / persistent

   Positive funding means longs pay shorts (peer-to-peer). Persistent rich funding raises the cost of carrying long inventory into the cash open.

5. 5
   Can a cash / extended-hours hedge execute now?

   noCash closed — synthetic 24/7 vs listed dark

   Overnight/weekend: 24/7 perps and tokens keep trading while cash is closed. Inventory can gap into Monday.

6. 6
   Did listed stock flow move after the on-chain event?

   unknownPost-event listed flow not tracked

   The monitor does not yet track listed prints after an on-chain event. Do not read the last cash print as confirmation of hedge flow; session state is step 5.