Disclaimer

Educational platform

Selurio is an educational and informational platform for financial education and investment literacy. All content — articles, calculators, analyses and educational materials — is strictly educational and informational in nature.

We are not an investment intermediary

Selurio is NOT:

• a licensed investment intermediary
• an investment advisor
• a financial institution
• a portfolio manager

We do not provide investment recommendations, we do not manage portfolios, and we do not advise on buying, selling or holding specific financial instruments. The content is also not an offer or solicitation to transact in financial instruments, nor to use any specific service or provider.

Calculators — hypothetical results

The results of our calculators are hypothetical and based on the assumptions you provide. They do not account for:

• the full range of fees and commissions
• taxes (on capital gains and dividends)
• inflation (except in calculators that specifically model it)
• market volatility and possible losses
• the liquidity of a specific financial instrument
• your individual financial situation

Past performance is not a guarantee of future results. Actual results may differ significantly from those expected.

Risk of loss

Investing in financial instruments involves significant risk, including the loss of the entire amount invested. No investment approach eliminates risk.

Before you make a decision

• Consult a licensed financial advisor who understands your personal financial circumstances, goals and risk tolerance.
• Read the relevant documentation (prospectus, KID) for the financial instrument.
• Do not invest funds you cannot afford to lose.

Academic models and authorship

Some tools (e.g. the “Company cycle profile”) build on established academic models — among them Dickinson (2011), DeAngelo, DeAngelo & Stulz (2006), Churchill & Lewis (1983), Lester, Parnell & Carraher (2003) and Altman Z″. These frameworks are the intellectual work of their authors and are cited with full bibliographic details inside the tool itself (the “Academic models & sources” section). We implement their methods and formulas with clear attribution, without reproducing original figures or tables verbatim.

ADIZES® is a registered trademark of the Adizes Institute; we cite it conceptually only and do not reproduce its diagnostic methodology. The empirical data on Bulgarian firms comes fromSelurio’s own panel (14 Bulgarian Stock Exchange companies, 2006–2021), compiled from their published annual reports. The results are educational and do not replace professional financial, accounting or investment analysis.

Publisher and contact

Publisher of the Selurio platform: [юридическо лице — попълни преди launch], company ID (ЕИК) [ЕИК — попълни], registered office and address of management: [седалище и адрес — попълни]. Contact: [имейл за контакт — попълни]. Selurio’s activity is educational and informational and does not include investment services requiring a licence from the Financial Supervision Commission (FSC); Selurio is not an entity supervised by the FSC.