Certification, Disclosures, and Disclaimers

Certification: The author(s) of this report hereby certify that the views expressed herein accurately reflect their personal views regarding the subject securities and topics discussed. No part of the author's compensation was, is, or will be, directly or indirectly, related to the specific views in this report.

The author is a former trial attorney, but the information and views contained herein is provided strictly in his capacity as a Legal & Regulatory commentator and do not create any attorney-client relationship. The author cannot, does not, and will not, provide any legal advice. The author has ongoing attorney-client privilege confidentiality obligations to former clients, including clients that may be or may have been parties to the litigation referenced herein, and he is unable to discuss such matters. Any underlying facts in this document were gathered from the public domain, and any views taken or questions answered are general and procedural questions only.

This product is intended solely for the use of qualified professional institutional investors who are clients or prospective clients of GHRA. The securities discussed in this report may not be suitable for some investors. The appropriateness of a particular investment or strategy depends on each investor's circumstances and goals. This material may offer recommendations and strategies which are short term in nature, and may conflict with long-term price targets and/or ratings given in GHRA’s other fundamental research reports. When making an investment decision this information should be viewed as just one factor in your investment decision process. Past performance should not be taken as an indication or guarantee of future results. GHRA encourages investors to independently evaluate investments and strategies, to consider this information as just one factor in their investment decision process, and to seek advice from an independent financial adviser. This report is only offered as general and impersonalized investment information and does not constitute an offer or solicitation to buy or sell.

All opinions constitute the author's judgment as of the date of this report and are subject to change without notice. Information presented is derived from sources believed to be reliable but cannot be guaranteed as to accuracy or completeness. All research reports are made available to clients simultaneously on our website. The Code of Ethics of GHRA restricts personal transactions by this report's authors in subject company shares or derivatives. Such employees and members of their immediate household may not serve as officers or directors of subject companies. GHRA employees, principals or affiliates may transact and have positions in a security mentioned in this report, and such transactions or positions may be inconsistent with the views expressed. GHRA and our affiliated broker-dealer Gordon Haskett Capital Corp (GHCC) do not trade or invest in securities on a principal basis. GHCC may transact as agent for clients in the securities mentioned herein. GHRA and GHCC do not engage in, or seek to engage in, investment banking or other business with the companies mentioned herein.