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Jonathan Poland (“JP”) is a publisher, not a registered investment advisor, and nothing on this website or in JP’s research is intended, and it should not be construed, to be investment advice. JP’s research is for informational use only. Any mention in JP’s research of a particular security, index, derivative, or other instrument is neither a recommendation by JP to buy, sell, or hold that security, index, derivative, or other instrument, nor does it constitute an opinion of JP as to the suitability of that security, index, derivative or other instrument for any particular purpose. JP is not in the business of giving investment advice or advice regarding the suitability for any purpose of any security, index, derivative, other instrument or trading strategy, and nothing in JP’s research should be so used or relied upon.

JP hereby expressly disclaims any and all representations and warranties that: (a) the content of the research is correct, accurate, complete or reliable; (b) any of the research will be available at any particular time or place, or in any particular medium; and (c) that any ommission or error in any of the research will be corrected.

Although from time to time JP’s website may link to or promote others’ websites or services, JP is not responsible for and does not control those websites or services.

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Without the prior written consent of JP, no person or entity, directly or indirectly, may offer all or any part of JP’s website, research, or any other material belonging to JP for sale, nor may any person or entity, directly or indirectly, distribute all or any part of JP’s website, research, or any other material belonging to JP over or by means of any medium.

Without the prior written consent of JP, no person or entity, directly or indirectly, may make all or any part of JP’s website, research, or any other material belonging to JP, available as part of or in connection with another website, whether by hyper-link, framing on the Internet or otherwise.

At any given time JP’s principals may or may not have a financial interest in any or all of the securities and instruments discussed herein. Past performance is not a guarantee of future results.

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