IMPORTANT DISCLOSURES

This post (the “Post”) does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by Bardi Capital Management and its members, officers, directors, owners, employees, agents, representatives, suppliers and service providers (collectively “BCM”) or any other third party regardless of whether such security, product or service is referenced in this Post. Furthermore, nothing in this Post is intended to provide tax, legal, or investment advice and nothing in this Post should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. BCM does not represent that the securities, products, or services discussed in this Post are suitable for any particular investor. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.

TERMS AND CONDITIONS

BCM provides this Post for informational purposes only. Use of and access to the Post and the information, materials, services, and other content available on or through the Post (“Content”) are subject to these terms of use and all applicable laws.

NO INVESTMENT ADVICE

The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our Post constitutes a solicitation, recommendation, endorsement, or offer by BCM or any third party service provider to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.

All Content on this Post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Post constitutes professional and/or financial advice, nor does any information on the Post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. BCM is not a fiduciary by virtue of any person’s use of or access to the Post or Content. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the Post before making any decisions based on such information or other Content. In exchange for using the Post, you agree not to hold BCM, its affiliates or any third-party service provider liable for any possible claim for damages arising from any decision you make based on information or other Content made available to you through the Post.

No Content contained in these materials or any part thereof may be modified, reverse-engineered, reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of BCM. The Content shall not be used for any unlawful or unauthorized purposes.

BCM does not guarantee the accuracy, completeness, timeliness or availability of the Content. BCM is not responsible for any errors or omissions, regardless of the cause, for the results obtained from the use of the Content. In no event shall BCM be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the Content even if advised of the possibility of such damages.

INVESTMENT RISKS

There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high-risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. BCM’s past investment performance is not a guarantee or predictor of future investment performance.

FUND PERFOMANCE

The performance indicated in the Post is gross performance data (i.e., performance data that does not reflect the deduction of various fees, commissions, and expenses that a client would pay). BCM fees that can apply in these circumstances, include an annual management fee of 1.5% and an annual performance fee of 17% for returns above the yield on the 1-year treasury bill.