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LEGAL TERMS/DISCLAIMER:

Indie Research, LLC and the Bull Market Report editorial staff are not registered investment advisors, broker/dealers, or research analysts/organizations.

Readers are advised that the commentary and reports on the Bull Market Report website and in its newsletters are issued solely for informational purposes and should not to be construed as an offer to sell or the solicitation of an offer to buy any security. The opinions and analyses included herein are based on sources believed to be reliable and written in good faith, but no representation or warranty, expressed or implied is made as to their accuracy, completeness or correctness.

YOU SHOULD VERIFY ALL CLAIMS AND DO YOUR OWN RESEARCH BEFORE INVESTING IN ANY SECURITY MENTIONED IN THE BULL MARKET REPORT, OR THAT IS DISCUSSED ON THE BULLMARKET.COM WEBSITE. INVESTING IN SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. YOU MAY LOSE PART OR ALL OF YOUR PRINCIPAL INVESTMENT.

Readers are urged to consult with their own independent financial advisors with respect to any investment. All information contained in this report should be independently verified with the companies mentioned. Neither Indie Research, LLC, nor its officers, directors, partners, contributors or employees/consultants accept any liability whatsoever for any direct or consequential loss arising from any use of information on this website or any use of information in its newsletters.

It should be noted that Raging Capital Fund, LP and Raging Capital Fund QP, LP are private investment funds managed by an entity controlled by William C. Martin, Raging Capital Management. Raging Capital Management, LLC, Indie Research, LLC, and each of their respective managers, clients, officers, directors, partners, contributors or employees/consultants may on occasion hold positions in the securities mentioned in the Bull Market Report and in its newsletters; in all instances, relevant positions are appropriately disclosed at http://www.bullmarket.com/holdings.php. These positions may change at any time. Please note that neither Indie Research nor any of the Bull Market Report editorial staff receives compensation of any kind for mentioning a company on the bullmarket.com website and in its newsletters.

Our web site is limited to the dissemination of general information pertaining to investments, together with access to additional investment-related information and links. Accordingly, the publication of this web site on the Internet should not be construed by any consumer or prospective subscriber as the rendering of personalized investment advice for compensation, over the Internet. We are neither attorneys nor accountants and no portion of the web site content should be interpreted as legal, accounting or tax advice.

Certain portions of our web site may contain a discussion of, or provide access to, positions or recommendations as of a specific prior date. Due to various factors, including changing market conditions, such discussions may no longer be reflective of current positions or recommendations. Moreover, no prospective or existing subscriber should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from an investment professional.

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Please remember that different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be suitable for a prospective or existing subscriber’s investment portfolio. Historical performance results for investment indices or categories generally do not reflect the deduction of transaction or custodial charges, the deduction of an investment management fee, nor the impact of taxes, the incurrence of which would have the effect of decreasing historical performance results.

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