arXiv:2508.07304v1 Announce Type: cross Abstract: This paper introduces a new family of cognitive modal logics designed to formalize conjectural reasoning: a modal system in which cognitive contexts extend known facts with hypothetical assumptions to explore their consequences. Unlike traditional doxastic and epistemic systems, conjectural logics rely on a principle, called Axiom C ($\varphi \rightarrow \Box\varphi$), that ensures that all established facts are preserved across hypothetical layers. While Axiom C was dismissed in the past due to its association with modal collapse, we show that the collapse only arises under classical and bivalent assumptions, and specifically in the presence of Axiom T. Hence we avoid Axiom T and adopt a paracomplete semantic framework, grounded in Weak Kleene logic or Description Logic, where undefined propositions coexist with modal assertions. This prevents the modal collapse and guarantees a layering to distinguish between factual and conjectural statements. Under this framework we define new modal systems, e.g., KC and KDC, and show that they are complete, decidable, and robust under partial knowledge. Finally, we introduce a dynamic operation, $\mathsf{settle}(\varphi)$, which formalizes the transition from conjecture to accepted fact, capturing the event of the update of a world's cognitive state through the resolution of uncertainty.