Disclosures

Any communication, email or report (collectively, “reports and communications”) prepared, sent, communicated or distributed by SeeThruEquity, LLC (“SeeThruEquity”) is based solely on publicly-available information about the companies featured in the reports and communications which SeeThruEquity considers reliable, but SeeThruEquity does not represent it is accurate or complete, and it should not be relied upon as such.  All information contained in these reports and communications is subject to change without notice.  These reports and communications are for informational purposes only and do not constitute an offer, solicitation or recommendation to acquire or dispose of any investment or to engage in any other transaction.  They do not constitute a personal trading recommendation or take into account the particular investment objectives, financial situation or needs of individual readers of the reports and communications, and do not provide all of the key elements for readers to make an investment decision.  Readers should consider whether any information in these reports and communications are suitable for their particular circumstances and, if appropriate, seek professional advice, including tax advice.

SeeThruEquity’s reports and communications contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, many of which are beyond the featured company’s control.  Actual results could differ materially and adversely from those anticipated in such forward-looking statements as a result of certain industry, economic, regulatory or other factors.

SeeThruEquity is not a FINRA registered broker-dealer or investment adviser and does not provide investment banking services.  SeeThruEquity does not accept or receive fees or other compensation for preparing its research reports.  SeeThruEquity has not been retained or hired by the companies featured in its reports or by any other party to prepare the reports.

In some but not in all instances, SeeThruEquity and/or its officers, directors or affiliates may receive compensation from companies featured in its reports for non report-related services which may include charges for presenting at SeeThruEquity investor conferences, distributing press releases and performing certain other ancillary services.  Such compensation is received on the basis of a fixed fee and made without regard to the opinions and conclusions in its research reports.  The fee to present at SeeThruEquity conferences is no more than seven thousand dollars, and the fee for distributing press releases is no more than fifteen hundred dollars.  The fees for performing certain other ancillary services vary depending on the company and service provided but generally do not exceed five thousand dollars.  In no event is a company on which SeeThruEquity has issued a report required to engage it with respect to these non report-related services.  SeeThruEquity and/or its affiliates may have a long equity position with respect to a non-controlling interest in the publicly traded shares of companies featured in its reports, and follows customary internal trading restrictions pending the release of its reports.  In compliance with Section 17(b) of the Securities Act of 1933, any and all compensation received from a specific company is publicly stated in all applicable reports and other correspondence.  Please refer to the specific company’s report for additional details on such matters.

SeeThruEquity’s professionals may provide verbal or written market commentary that reflects opinions that are contrary to the opinions expressed in its reports and communications.  Such reports and communications and any such commentary belong to SeeThruEquity and are not attributable to the company featured in its reports and other communications.  The price and value of a company’s shares referred to in its reports and communications may fluctuate.  Past performance by one company is not indicative of future results by that company or of any other company covered by the reports and communications of SeeThruEquity.  SeeThruEquity’s reports and communications are disseminated primarily electronically and, in some cases, in printed form.  Electronic reports and communications are made simultaneously available to all recipients.  The information contained in these reports and communications is not always incorporated into the contents of our website and should be read independently thereof.

Copyright 2011-2016 SeeThruEquity, LLC.  No part of this material may be (i) copied, photocopied or duplicated in any form or by any means or (ii) redistributed without the prior written consent of SeeThruEquity.